Aberdeen Group plc Has $6.86 Million Stock Position in PulteGroup, Inc. $PHM

by · The Markets Daily

Aberdeen Group plc boosted its position in PulteGroup, Inc. (NYSE:PHM – Free Report) by 8.8% in the 2nd quarter, HoldingsChannel reports. The firm owned 64,998 shares of the construction company’s stock after acquiring an additional 5,253 shares during the period. Aberdeen Group plc’s holdings in PulteGroup were worth $6,855,000 as of its most recent filing with the SEC.

Several other hedge funds have also bought and sold shares of the company. Blue Trust Inc. lifted its stake in PulteGroup by 10.7% in the 2nd quarter. Blue Trust Inc. now owns 1,715 shares of the construction company’s stock valued at $181,000 after purchasing an additional 166 shares during the last quarter. Callan Family Office LLC lifted its position in PulteGroup by 96.4% during the second quarter. Callan Family Office LLC now owns 4,415 shares of the construction company’s stock worth $466,000 after acquiring an additional 2,167 shares during the last quarter. Blair William & Co. IL lifted its position in PulteGroup by 2.1% during the second quarter. Blair William & Co. IL now owns 32,963 shares of the construction company’s stock worth $3,476,000 after acquiring an additional 663 shares during the last quarter. Tectonic Advisors LLC lifted its position in PulteGroup by 14.3% during the second quarter. Tectonic Advisors LLC now owns 3,978 shares of the construction company’s stock worth $420,000 after acquiring an additional 498 shares during the last quarter. Finally, 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 worth $44,000 after acquiring an additional 105 shares during the last quarter. 89.90% of the stock is currently owned by institutional investors and hedge funds.

PulteGroup Price Performance

Shares of NYSE:PHM opened at $123.79 on Friday. The firm has a market cap of $24.42 billion, a PE ratio of 9.25, a price-to-earnings-growth ratio of 0.37 and a beta of 1.29. The company has a debt-to-equity ratio of 0.13, a quick ratio of 0.77 and a current ratio of 0.77. PulteGroup, Inc. has a 52 week low of $88.07 and a 52 week high of $149.47. The firm’s fifty day moving average is $130.76 and its 200-day moving average is $113.47.

PulteGroup (NYSE:PHM – Get Free Report) last announced its quarterly earnings data on Tuesday, July 22nd. The construction company reported $3.03 earnings per share for the quarter, beating the consensus estimate of $2.92 by $0.11. PulteGroup had a net margin of 15.50% and a return on equity of 21.01%. The firm had revenue of $4.40 billion for the quarter, compared to analyst estimates of $4.42 billion. During the same quarter in the prior year, the business earned $3.83 earnings per share. The business’s quarterly revenue was down 4.3% compared to the same quarter last year. Sell-side analysts predict that PulteGroup, Inc. will post 12.32 earnings per share for the current year.

PulteGroup Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, October 2nd. Stockholders of record on Tuesday, September 16th were issued a dividend of $0.22 per share. The ex-dividend date was Tuesday, September 16th. This represents a $0.88 annualized dividend and a dividend yield of 0.7%. PulteGroup’s dividend payout ratio is currently 6.58%.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on PHM shares. Wells Fargo & Company raised their price objective on shares of PulteGroup from $135.00 to $150.00 and gave the stock an “overweight” rating in a research report on Tuesday, September 2nd. Weiss Ratings reiterated a “hold (c+)” rating on shares of PulteGroup in a research report on Wednesday, October 8th. Raymond James Financial reiterated an “outperform” rating and issued a $140.00 price target (up from $115.00) on shares of PulteGroup in a research report on Wednesday, July 23rd. JPMorgan Chase & Co. lifted their price target on shares of PulteGroup from $121.00 to $123.00 and gave the company an “overweight” rating in a research report on Wednesday, July 23rd. Finally, Seaport Res Ptn upgraded shares of PulteGroup from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, July 22nd. One research analyst has rated the stock with a Strong Buy rating, eight have assigned 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 an average target price of $136.92.

Check Out Our Latest Stock Analysis on PHM

PulteGroup Company Profile

(Free Report)

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.

Further Reading

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