Advisors Asset Management Inc. Grows Position in PulteGroup, Inc. (NYSE:PHM)

Advisors Asset Management Inc. lifted its position in shares of PulteGroup, Inc. (NYSE:PHMGet Rating) by 283.7% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 6,711 shares of the construction company’s stock after buying an additional 4,962 shares during the period. Advisors Asset Management Inc.’s holdings in PulteGroup were worth $266,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of the company. Vanguard Group Inc. raised its holdings in shares of PulteGroup by 1.0% during the 1st quarter. Vanguard Group Inc. now owns 27,748,609 shares of the construction company’s stock valued at $1,162,667,000 after buying an additional 261,934 shares in the last quarter. Dimensional Fund Advisors LP increased its stake in PulteGroup by 1.8% in the 1st quarter. Dimensional Fund Advisors LP now owns 6,510,934 shares of the construction company’s stock worth $272,892,000 after purchasing an additional 116,075 shares during the period. First Trust Advisors LP increased its stake in PulteGroup by 29.4% in the 1st quarter. First Trust Advisors LP now owns 4,850,407 shares of the construction company’s stock worth $203,232,000 after purchasing an additional 1,101,565 shares during the period. Greenhaven Associates Inc. purchased a new position in PulteGroup in the 2nd quarter worth approximately $168,140,000. Finally, Invesco Ltd. grew its position in shares of PulteGroup by 36.3% in the 1st quarter. Invesco Ltd. now owns 3,651,100 shares of the construction company’s stock worth $152,982,000 after buying an additional 972,310 shares during the last quarter. 89.34% of the stock is owned by hedge funds and other institutional investors.

PulteGroup Trading Up 0.0 %

PHM stock opened at $42.85 on Monday. The stock has a market cap of $9.76 billion, a price-to-earnings ratio of 4.35, a PEG ratio of 2.44 and a beta of 1.28. The business’s 50-day moving average is $39.67 and its 200 day moving average is $41.46. PulteGroup, Inc. has a 12-month low of $35.03 and a 12-month high of $58.09. The company has a current ratio of 0.26, a quick ratio of 0.26 and a debt-to-equity ratio of 0.25.

PulteGroup (NYSE:PHMGet Rating) last announced its earnings results on Tuesday, October 25th. The construction company reported $2.69 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.73 by ($0.04). The firm had revenue of $3.94 billion during the quarter, compared to analysts’ expectations of $4.04 billion. PulteGroup had a net margin of 15.56% and a return on equity of 30.80%. On average, sell-side analysts anticipate that PulteGroup, Inc. will post 10.15 EPS for the current fiscal year.

PulteGroup Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, October 4th. Investors of record on Thursday, September 22nd were issued a dividend of $0.15 per share. The ex-dividend date of this dividend was Wednesday, September 21st. This represents a $0.60 annualized dividend and a yield of 1.40%. PulteGroup’s dividend payout ratio is currently 6.09%.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on PHM shares. StockNews.com lowered PulteGroup from a “buy” rating to a “hold” rating in a research report on Tuesday, October 11th. Bank of America lowered PulteGroup from a “buy” rating to a “neutral” rating and lifted their price target for the company from $41.00 to $48.00 in a research report on Wednesday, July 27th. Raymond James lowered PulteGroup from a “strong-buy” rating to a “market perform” rating in a research report on Friday, October 21st. Wedbush lowered their price objective on PulteGroup to $54.00 and set an “outperform” rating for the company in a research note on Wednesday, July 27th. Finally, Barclays lowered their price objective on PulteGroup from $48.00 to $45.00 and set an “equal weight” rating for the company in a research note on Wednesday, October 26th. Six analysts have rated the stock with a hold rating and eight have assigned a 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 $49.21.

PulteGroup Profile

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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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