Apollon Wealth Management LLC Has $426,000 Position in PulteGroup, Inc. $PHM

Apollon Wealth Management LLC lowered its stake in shares of PulteGroup, Inc. (NYSE:PHM) by 6.5% in the second quarter, Holdings Channel reports. The firm owned 4,037 shares of the construction company’s stock after selling 279 shares during the period. Apollon Wealth Management LLC’s holdings in PulteGroup were worth $426,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently modified their holdings of the company. WPG Advisers LLC bought a new stake in shares of PulteGroup during the 1st quarter worth $25,000. Hager Investment Management Services LLC raised its holdings in PulteGroup by 33.3% in the 2nd quarter. Hager Investment Management Services LLC now owns 420 shares of the construction company’s stock worth $44,000 after acquiring an additional 105 shares during the period. Catalyst Capital Advisors LLC acquired a new position in PulteGroup during the 1st quarter worth $54,000. REAP Financial Group LLC boosted its holdings in PulteGroup by 188.1% during the second quarter. REAP Financial Group LLC now owns 533 shares of the construction company’s stock valued at $56,000 after acquiring an additional 348 shares during the period. Finally, Quarry LP grew its position in shares of PulteGroup by 43.8% in the first quarter. Quarry LP now owns 571 shares of the construction company’s stock valued at $59,000 after purchasing an additional 174 shares during the last quarter. Institutional investors own 89.90% of the company’s stock.

PulteGroup Price Performance

Shares of NYSE:PHM opened at $123.79 on Friday. The firm has a market capitalization of $24.42 billion, a PE ratio of 9.25, a PEG ratio of 0.37 and a beta of 1.29. The company has a current ratio of 0.77, a quick ratio of 0.77 and a debt-to-equity ratio of 0.13. PulteGroup, Inc. has a 1-year low of $88.07 and a 1-year high of $149.47. The business’s 50 day moving average is $130.76 and its 200-day moving average is $113.47.

PulteGroup (NYSE:PHM) last issued its earnings results on Tuesday, July 22nd. The construction company reported $3.03 EPS for the quarter, beating analysts’ consensus estimates of $2.92 by $0.11. PulteGroup had a return on equity of 21.01% and a net margin of 15.50%.The business had revenue of $4.40 billion during the quarter, compared to analyst estimates of $4.42 billion. During the same period in the prior year, the company posted $3.83 earnings per share. PulteGroup’s revenue was down 4.3% on a year-over-year basis. Sell-side analysts predict that PulteGroup, Inc. will post 12.32 earnings per share for the current year.

PulteGroup Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, October 2nd. Stockholders of record on Tuesday, September 16th were issued a dividend of $0.22 per share. This represents a $0.88 dividend on an annualized basis and a dividend yield of 0.7%. The ex-dividend date of this dividend was Tuesday, September 16th. PulteGroup’s dividend payout ratio (DPR) is presently 6.58%.

Wall Street Analyst Weigh In

PHM has been the subject of several research analyst reports. Seaport Res Ptn raised PulteGroup from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, July 22nd. Zacks Research raised PulteGroup from a “strong sell” rating to a “hold” rating in a research report on Friday, August 29th. Wells Fargo & Company increased their price objective on PulteGroup from $135.00 to $150.00 and gave the company an “overweight” rating in a research report on Tuesday, September 2nd. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of PulteGroup in a research report on Wednesday, October 8th. Finally, Royal Bank Of Canada upped their target price on shares of PulteGroup from $109.00 to $112.00 and gave the company a “sector perform” rating in a research note on Wednesday, July 23rd. One equities research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and seven have given a Hold rating to the company’s stock. According to data from MarketBeat, PulteGroup has a consensus rating of “Moderate Buy” and an average price target of $136.92.

PulteGroup Profile

PulteGroup, Inc, through its subsidiaries, primarily engages in the homebuilding business in the United States. It acquires and develops land primarily for residential purposes; and constructs housing on such land. The company also offers various home designs, including single-family detached, townhomes, condominiums, and duplexes under the Centex, Pulte Homes, Del Webb, DiVosta Homes, John Wieland Homes and Neighborhoods, and American West brand names.