Traub Capital Management LLC Takes $809,000 Position in PulteGroup, Inc. $PHM

Traub Capital Management LLC acquired a new stake in PulteGroup, Inc. (NYSE:PHM) in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 7,672 shares of the construction company’s stock, valued at approximately $809,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of PHM. WPG Advisers LLC purchased a new position in shares of PulteGroup during the 1st quarter valued at $25,000. Hager Investment Management Services LLC lifted its position in 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 purchasing an additional 105 shares during the last quarter. REAP Financial Group LLC raised 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 buying an additional 348 shares in the last quarter. Quarry LP lifted its holdings in shares of PulteGroup by 43.8% during the 1st quarter. Quarry LP now owns 571 shares of the construction company’s stock worth $59,000 after acquiring an additional 174 shares during the last quarter. Finally, Pandora Wealth Inc. bought a new stake in PulteGroup during the first quarter worth about $97,000. Institutional investors own 89.90% of the company’s stock.

Analysts Set New Price Targets

PHM has been the topic of a number of analyst reports. UBS Group lifted their target price 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. Bank of America lowered their price objective on PulteGroup from $145.00 to $140.00 and set a “buy” rating for the company in a research report on Friday, October 10th. Evercore ISI decreased their price objective on shares of PulteGroup from $154.00 to $134.00 and set an “in-line” rating on the stock in a research report on Wednesday, October 22nd. JPMorgan Chase & Co. increased their price objective on PulteGroup from $121.00 to $123.00 and gave the stock an “overweight” rating in a report on Wednesday, July 23rd. Finally, Royal Bank Of Canada lifted their price objective on PulteGroup from $109.00 to $112.00 and gave the company a “sector perform” rating in a research report on Wednesday, July 23rd. One analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and seven have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $133.67.

PulteGroup Stock Performance

Shares of PHM stock opened at $113.44 on Wednesday. PulteGroup, Inc. has a 52 week low of $88.07 and a 52 week high of $142.11. The company has a quick ratio of 0.81, a current ratio of 0.81 and a debt-to-equity ratio of 0.13. The company has a 50 day moving average price of $125.66 and a 200-day moving average price of $117.27. The firm has a market capitalization of $22.11 billion, a PE ratio of 8.73, a P/E/G ratio of 0.95 and a beta of 1.25.

PulteGroup (NYSE:PHM) last posted its earnings results on Tuesday, October 21st. The construction company reported $2.96 earnings per share for the quarter, beating analysts’ consensus estimates of $2.86 by $0.10. PulteGroup had a return on equity of 19.58% and a net margin of 14.93%.The company had revenue of $4.40 billion for the quarter, compared to the consensus estimate of $4.31 billion. During the same quarter in the prior year, the company earned $3.35 earnings per share. PulteGroup’s revenue was down 1.6% on a year-over-year basis. As a group, equities research analysts expect that PulteGroup, Inc. will post 12.32 earnings per share for the current year.

PulteGroup Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, October 2nd. Shareholders 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 yield of 0.8%. PulteGroup’s dividend payout ratio (DPR) is presently 6.77%.

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.