Chicago Partners Investment Group LLC Purchases 1,339 Shares of PulteGroup, Inc. $PHM

Chicago Partners Investment Group LLC lifted its stake in PulteGroup, Inc. (NYSE:PHM) by 53.0% during the second quarter, HoldingsChannel.com reports. The firm owned 3,865 shares of the construction company’s stock after purchasing an additional 1,339 shares during the quarter. Chicago Partners Investment Group LLC’s holdings in PulteGroup were worth $408,000 as of its most recent SEC filing.

Other hedge funds have also recently made changes to their positions in the company. Reyes Financial Architecture Inc. boosted its position in shares of PulteGroup by 42.1% in the 1st quarter. Reyes Financial Architecture Inc. now owns 770 shares of the construction company’s stock worth $79,000 after purchasing an additional 228 shares in the last quarter. Xponance Inc. lifted its position in PulteGroup by 38.6% in the 1st quarter. Xponance Inc. now owns 38,993 shares of the construction company’s stock valued at $4,008,000 after acquiring an additional 10,867 shares in the last quarter. Florida Financial Advisors LLC lifted its position in PulteGroup by 30.5% in the 1st quarter. Florida Financial Advisors LLC now owns 4,832 shares of the construction company’s stock valued at $496,000 after acquiring an additional 1,129 shares in the last quarter. Edgestream Partners L.P. lifted its position in PulteGroup by 2,687.0% in the 1st quarter. Edgestream Partners L.P. now owns 77,310 shares of the construction company’s stock valued at $7,947,000 after acquiring an additional 74,536 shares in the last quarter. Finally, Golden State Wealth Management LLC lifted its position in PulteGroup by 15.9% in the 1st quarter. Golden State Wealth Management LLC now owns 909 shares of the construction company’s stock valued at $93,000 after acquiring an additional 125 shares in the last quarter. 89.90% of the stock is owned by institutional investors.

PulteGroup Stock Down 2.6%

Shares of NYSE:PHM opened at $120.10 on Thursday. 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 12 month low of $88.07 and a 12 month high of $142.11. The company has a 50-day moving average price of $130.67 and a 200 day moving average price of $114.06. The company has a market cap of $23.70 billion, a price-to-earnings ratio of 9.25, a PEG ratio of 0.36 and a beta of 1.29.

PulteGroup (NYSE:PHM) last announced its quarterly earnings results on Tuesday, October 21st. The construction company reported $2.96 EPS for the quarter, beating analysts’ consensus estimates of $2.86 by $0.10. PulteGroup had a net margin of 14.93% and a return on equity of 19.77%. The firm had revenue of $4.40 billion during the quarter, compared to the consensus estimate of $4.31 billion. During the same quarter last year, the firm earned $3.35 EPS. The firm’s revenue for the quarter was down 1.6% compared to the same quarter last year. As a group, equities research analysts predict that PulteGroup, Inc. will post 12.32 earnings per share for the current year.

PulteGroup Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, October 2nd. Investors of record on Tuesday, September 16th were issued a $0.22 dividend. The ex-dividend date of this dividend 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 (DPR) is presently 6.58%.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on PHM. Royal Bank Of Canada boosted 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. Evercore ISI decreased their target price on shares of PulteGroup from $154.00 to $134.00 and set an “in-line” rating for the company in a research note on Wednesday. Oppenheimer boosted their target price on shares of PulteGroup from $132.00 to $140.00 and gave the company an “outperform” rating in a research note on Wednesday, July 23rd. Bank of America decreased their target price on shares of PulteGroup from $145.00 to $140.00 and set a “buy” rating for the company in a research note on Friday, October 10th. Finally, Weiss Ratings reiterated a “hold (c+)” rating on shares of PulteGroup in a research note on Wednesday, October 8th. One investment analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and seven have given a Hold rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $133.67.

About PulteGroup

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.