First Eagle Investment Management LLC Has $227,000 Stock Position in PulteGroup, Inc. $PHM

First Eagle Investment Management LLC lifted its stake in PulteGroup, Inc. (NYSE:PHM) by 33.2% during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 2,150 shares of the construction company’s stock after purchasing an additional 536 shares during the period. First Eagle Investment Management LLC’s holdings in PulteGroup were worth $227,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in PHM. WPG Advisers LLC bought a new position in PulteGroup during the first quarter worth about $25,000. Hager Investment Management Services LLC boosted its stake in PulteGroup by 33.3% during 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 last quarter. REAP Financial Group LLC grew 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 purchasing an additional 348 shares during the period. Quarry LP increased its stake in 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 in the last quarter. Finally, Reyes Financial Architecture Inc. increased its stake in PulteGroup by 42.1% in the first quarter. Reyes Financial Architecture Inc. now owns 770 shares of the construction company’s stock valued at $79,000 after purchasing an additional 228 shares in the last quarter. 89.90% of the stock is owned by institutional investors and hedge funds.

PulteGroup Stock Performance

NYSE PHM opened at $119.52 on Monday. The stock has a market cap of $23.30 billion, a PE ratio of 9.20, a P/E/G ratio of 0.95 and a beta of 1.25. The company has a debt-to-equity ratio of 0.13, a quick ratio of 0.81 and a current ratio of 0.81. The firm has a 50-day moving average of $128.22 and a 200-day moving average of $116.51. PulteGroup, Inc. has a 52-week low of $88.07 and a 52-week high of $142.11.

PulteGroup (NYSE:PHM) last released its quarterly earnings results on Tuesday, October 21st. The construction company reported $2.96 earnings per share for the quarter, beating the consensus estimate of $2.86 by $0.10. The firm had revenue of $4.40 billion for the quarter, compared to analysts’ expectations of $4.31 billion. PulteGroup had a net margin of 14.93% and a return on equity of 19.58%. The business’s revenue was down 1.6% on a year-over-year basis. During the same period in the prior year, the firm earned $3.35 EPS. On average, sell-side analysts anticipate that PulteGroup, Inc. will post 12.32 EPS for the current year.

PulteGroup Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, October 2nd. Investors of record on Tuesday, September 16th were paid a $0.22 dividend. The ex-dividend date was Tuesday, September 16th. This represents a $0.88 annualized dividend and a yield of 0.7%. PulteGroup’s payout ratio is 6.77%.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on the stock. Raymond James Financial reissued an “outperform” rating and issued a $140.00 price target (up previously from $115.00) on shares of PulteGroup in a report on Wednesday, July 23rd. Zacks Research upgraded shares of PulteGroup from a “strong sell” rating to a “hold” rating in a report on Friday, August 29th. Bank of America cut their price target on shares of PulteGroup from $145.00 to $140.00 and set a “buy” rating on the stock in a research note on Friday, October 10th. Seaport Res Ptn raised shares of PulteGroup from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, July 22nd. Finally, Oppenheimer raised their price objective on shares of PulteGroup from $132.00 to $140.00 and gave the stock an “outperform” rating in a report on Wednesday, July 23rd. 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. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $133.67.

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.