Securian Asset Management Inc. Has $1.10 Million Position in PulteGroup, Inc. $PHM

Securian Asset Management Inc. reduced its stake in shares of PulteGroup, Inc. (NYSE:PHM) by 1.9% in the 2nd quarter, Holdings Channel.com reports. The institutional investor owned 10,433 shares of the construction company’s stock after selling 200 shares during the quarter. Securian Asset Management Inc.’s holdings in PulteGroup were worth $1,100,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also modified their holdings of the company. WPG Advisers LLC acquired a new position in shares of PulteGroup in the 1st quarter valued at approximately $25,000. Hager Investment Management Services LLC grew its position in shares of PulteGroup by 33.3% in the 2nd quarter. Hager Investment Management Services LLC now owns 420 shares of the construction company’s stock valued at $44,000 after purchasing an additional 105 shares during the period. Catalyst Capital Advisors LLC acquired a new position in shares of PulteGroup in the 1st quarter valued at approximately $54,000. REAP Financial Group LLC grew its position in shares of PulteGroup by 188.1% in the 2nd quarter. REAP Financial Group LLC now owns 533 shares of the construction company’s stock valued at $56,000 after purchasing an additional 348 shares during the period. Finally, Quarry LP grew its position in shares of PulteGroup by 43.8% in the 1st 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 period. 89.90% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on PHM shares. Evercore ISI decreased their price objective on PulteGroup from $154.00 to $134.00 and set an “in-line” rating for the company in a research report on Wednesday. Wedbush reiterated an “outperform” rating and issued a $150.00 price objective on shares of PulteGroup in a research report on Tuesday. Zacks Research upgraded PulteGroup from a “strong sell” rating to a “hold” rating in a research note on Friday, August 29th. Royal Bank Of Canada boosted their target price on PulteGroup from $109.00 to $112.00 and gave the company a “sector perform” rating in a research note on Wednesday, July 23rd. Finally, Bank of America cut their target price on PulteGroup from $145.00 to $140.00 and set a “buy” rating on the stock in a research note on Friday, October 10th. One investment analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and seven have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $133.67.

PulteGroup Trading Up 0.6%

NYSE PHM opened at $120.95 on Friday. The stock has a market capitalization of $23.58 billion, a price-to-earnings ratio of 9.31, a PEG ratio of 0.35 and a beta of 1.29. The stock’s 50 day moving average price is $130.51 and its two-hundred day moving average price is $114.23. The company has a debt-to-equity ratio of 0.13, a quick ratio of 0.77 and a current ratio of 0.81. PulteGroup, Inc. has a 52 week low of $88.07 and a 52 week high of $142.11.

PulteGroup (NYSE:PHM) last released its earnings results on Tuesday, October 21st. The construction company reported $2.96 EPS for the quarter, beating the consensus estimate of $2.86 by $0.10. PulteGroup had a return on equity of 19.58% and a net margin of 14.93%.The firm had revenue of $4.40 billion for the quarter, compared to analysts’ expectations of $4.31 billion. During the same quarter in the previous year, the business posted $3.35 EPS. The business’s quarterly revenue was down 1.6% 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 fiscal year.

PulteGroup Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, October 2nd. Stockholders of record on Tuesday, September 16th were paid a dividend of $0.22 per share. 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 currently 6.58%.

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.