Moody National Bank Trust Division Acquires Shares of 6,306 PulteGroup, Inc. (NYSE:PHM)

Moody National Bank Trust Division acquired a new stake in PulteGroup, Inc. (NYSE:PHMGet Rating) during the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 6,306 shares of the construction company’s stock, valued at approximately $250,000.

A number of other large investors also recently modified their holdings of the company. J.W. Cole Advisors Inc. purchased a new position in shares of PulteGroup in the 1st quarter valued at $28,000. Johnson Financial Group Inc. purchased a new position in PulteGroup during the 4th quarter worth $30,000. Adirondack Trust Co. acquired a new stake in shares of PulteGroup in the 2nd quarter worth $37,000. First Command Bank lifted its stake in shares of PulteGroup by 125.0% in the 1st quarter. First Command Bank now owns 900 shares of the construction company’s stock worth $38,000 after acquiring an additional 500 shares during the period. Finally, Massmutual Trust Co. FSB ADV lifted its stake in shares of PulteGroup by 316.1% in the 1st quarter. Massmutual Trust Co. FSB ADV now owns 928 shares of the construction company’s stock worth $39,000 after acquiring an additional 705 shares during the period. 89.34% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several brokerages recently commented on PHM. UBS Group reduced their price objective on shares of PulteGroup from $73.00 to $55.00 and set a “buy” rating for the company in a research note on Thursday, June 16th. Royal Bank of Canada downgraded shares of PulteGroup from an “outperform” rating to a “sector perform” rating and dropped their target price for the company from $56.00 to $41.00 in a report on Wednesday, June 22nd. StockNews.com downgraded shares of PulteGroup from a “buy” rating to a “hold” rating in a report on Wednesday, August 31st. JPMorgan Chase & Co. dropped their target price on shares of PulteGroup from $51.00 to $49.50 and set an “overweight” rating for the company in a report on Tuesday, July 12th. Finally, Barclays dropped their target price on shares of PulteGroup from $49.00 to $48.00 and set an “equal weight” rating for the company in a report on Thursday, July 14th. Five equities research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, PulteGroup presently has an average rating of “Moderate Buy” and a consensus price target of $51.21.

PulteGroup Stock Performance

Shares of NYSE PHM opened at $39.98 on Wednesday. The company has a market cap of $9.26 billion, a PE ratio of 4.45, a price-to-earnings-growth ratio of 2.09 and a beta of 1.33. PulteGroup, Inc. has a 12 month low of $35.03 and a 12 month high of $58.09. The company has a debt-to-equity ratio of 0.26, a current ratio of 0.47 and a quick ratio of 0.47. The company has a 50-day simple moving average of $42.46 and a 200-day simple moving average of $42.80.

PulteGroup (NYSE:PHMGet Rating) last released its earnings results on Tuesday, July 26th. The construction company reported $2.73 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.58 by $0.15. PulteGroup had a net margin of 15.02% and a return on equity of 29.81%. The firm had revenue of $3.93 billion during the quarter, compared to the consensus estimate of $4.07 billion. During the same period in the previous year, the firm earned $1.72 earnings per share. PulteGroup’s revenue was up 16.9% compared to the same quarter last year. On average, equities analysts anticipate that PulteGroup, Inc. will post 11.26 earnings per share for the current year.

PulteGroup Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, October 4th. Investors of record on Thursday, September 22nd will be issued a $0.15 dividend. The ex-dividend date is Wednesday, September 21st. This represents a $0.60 dividend on an annualized basis and a yield of 1.50%. PulteGroup’s payout ratio is 6.67%.

PulteGroup Profile

(Get Rating)

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, American West, and John Wieland Homes and Neighborhoods brand names.

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Institutional Ownership by Quarter for PulteGroup (NYSE:PHM)

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