Bogart Wealth LLC Buys 3,321 Shares of PulteGroup, Inc. $PHM

Bogart Wealth LLC grew its stake in shares of PulteGroup, Inc. (NYSE:PHM) by 5.1% during the 2nd quarter, HoldingsChannel reports. The institutional investor owned 68,685 shares of the construction company’s stock after purchasing an additional 3,321 shares during the quarter. Bogart Wealth LLC’s holdings in PulteGroup were worth $7,244,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. WPG Advisers LLC bought a new stake in shares of PulteGroup during the first quarter valued at approximately $25,000. Hager Investment Management Services LLC raised its position in shares of PulteGroup by 33.3% during the second quarter. Hager Investment Management Services LLC now owns 420 shares of the construction company’s stock valued at $44,000 after buying an additional 105 shares during the last quarter. Catalyst Capital Advisors LLC bought a new stake in PulteGroup in the first quarter worth $54,000. REAP Financial Group LLC increased its position in PulteGroup by 188.1% in the second quarter. REAP Financial Group LLC now owns 533 shares of the construction company’s stock worth $56,000 after purchasing an additional 348 shares during the last quarter. Finally, Quarry LP increased its position in PulteGroup by 43.8% in the first quarter. Quarry LP now owns 571 shares of the construction company’s stock worth $59,000 after purchasing an additional 174 shares during the last quarter. Institutional investors own 89.90% of the company’s stock.

PulteGroup Trading Up 0.3%

PHM stock opened at $124.29 on Monday. The company has a quick ratio of 0.77, a current ratio of 0.77 and a debt-to-equity ratio of 0.13. PulteGroup, Inc. has a twelve month low of $88.07 and a twelve month high of $149.47. The stock has a market capitalization of $24.52 billion, a price-to-earnings ratio of 9.29, a price-to-earnings-growth ratio of 0.37 and a beta of 1.29. The firm’s fifty day simple moving average is $130.81 and its two-hundred day simple moving average is $113.80.

PulteGroup (NYSE:PHM) last posted its quarterly earnings data on Tuesday, July 22nd. The construction company reported $3.03 earnings per share for the quarter, beating analysts’ consensus estimates of $2.92 by $0.11. PulteGroup had a net margin of 15.50% and a return on equity of 21.01%. The business had revenue of $4.40 billion for the quarter, compared to analysts’ expectations of $4.42 billion. During the same quarter in the previous year, the business posted $3.83 earnings per share. The business’s revenue was down 4.3% compared to the same quarter last year. As a group, analysts anticipate that PulteGroup, Inc. will post 12.32 earnings per share for the current year.

PulteGroup Announces Dividend

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

Analyst Ratings Changes

PHM has been the topic of several research reports. JPMorgan Chase & Co. boosted their price target on shares of PulteGroup from $121.00 to $123.00 and gave the stock an “overweight” rating in a research report on Wednesday, July 23rd. Citigroup boosted their price target on shares of PulteGroup from $132.00 to $143.00 and gave the stock a “neutral” rating in a research report on Wednesday, October 1st. UBS Group boosted their price target on shares of PulteGroup from $141.00 to $150.00 and gave the stock a “buy” rating in a research report on Wednesday, July 23rd. Zacks Research upgraded shares of PulteGroup from a “strong sell” rating to a “hold” rating in a research report on Friday, August 29th. Finally, Weiss Ratings restated a “hold (c+)” rating on shares of PulteGroup in a research report on Wednesday, October 8th. One analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and seven have issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $136.92.

PulteGroup Company 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.