Fox Run Management L.L.C. Invests $830,000 in PulteGroup, Inc. $PHM

Fox Run Management L.L.C. bought a new stake in shares of PulteGroup, Inc. (NYSE:PHM) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 7,868 shares of the construction company’s stock, valued at approximately $830,000.

A number of other hedge funds have also added to or reduced their stakes in PHM. WPG Advisers LLC acquired a new position in PulteGroup in the first quarter valued at approximately $25,000. Hager Investment Management Services LLC lifted its position in shares of PulteGroup by 33.3% during the 2nd quarter. Hager Investment Management Services LLC now owns 420 shares of the construction company’s stock valued at $44,000 after acquiring an additional 105 shares during the period. REAP Financial Group LLC lifted its position in shares of PulteGroup by 188.1% during the 2nd 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. Quarry LP boosted its holdings 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 acquiring an additional 174 shares in the last quarter. Finally, Reyes Financial Architecture Inc. grew 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 acquiring an additional 228 shares during the period. 89.90% of the stock is currently owned by institutional investors.

PulteGroup Trading Up 0.5%

Shares of PHM stock opened at $119.52 on Monday. 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 company has a market capitalization of $23.30 billion, a price-to-earnings ratio of 9.20, a PEG ratio of 0.95 and a beta of 1.25. PulteGroup, Inc. has a 52-week low of $88.07 and a 52-week high of $142.11. The company has a 50-day simple moving average of $128.22 and a two-hundred day simple moving average of $116.51.

PulteGroup (NYSE:PHM) last announced its earnings results on Tuesday, October 21st. The construction company reported $2.96 earnings per share for the quarter, topping analysts’ consensus estimates of $2.86 by $0.10. The firm had revenue of $4.40 billion for the quarter, compared to the consensus estimate of $4.31 billion. PulteGroup had a return on equity of 19.58% and a net margin of 14.93%.The company’s revenue was down 1.6% compared to the same quarter last year. During the same quarter in the previous year, the business earned $3.35 EPS. Research analysts anticipate that PulteGroup, Inc. will post 12.32 EPS for the current fiscal year.

PulteGroup Announces Dividend

The firm also recently announced 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. This represents a $0.88 dividend on an annualized basis and a dividend yield of 0.7%. The ex-dividend date was Tuesday, September 16th. PulteGroup’s payout ratio is presently 6.77%.

Analyst Ratings Changes

A number of brokerages have commented on PHM. Raymond James Financial restated an “outperform” rating and set a $140.00 price target (up previously from $115.00) on shares of PulteGroup in a research note on Wednesday, July 23rd. Citigroup boosted their target price 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. Seaport Res Ptn raised shares of PulteGroup from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, July 22nd. Wells Fargo & Company lifted their price target on PulteGroup from $135.00 to $150.00 and gave the company an “overweight” rating in a research note on Tuesday, September 2nd. Finally, Evercore ISI lowered their price objective on PulteGroup from $154.00 to $134.00 and set an “in-line” rating for the company in a research note on Wednesday, October 22nd. One equities research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and seven have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company has an average 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.