MassMutual Private Wealth & Trust FSB Lowers Stock Position in PulteGroup, Inc. $PHM

MassMutual Private Wealth & Trust FSB cut its stake in shares of PulteGroup, Inc. (NYSE:PHM) by 23.9% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 1,272 shares of the construction company’s stock after selling 400 shares during the period. MassMutual Private Wealth & Trust FSB’s holdings in PulteGroup were worth $134,000 as of its most recent SEC filing.

Several other institutional investors also recently made changes to their positions in PHM. Two Sigma Investments LP purchased a new stake in shares of PulteGroup during the 4th quarter valued at $3,110,000. Two Sigma Advisers LP purchased a new stake in PulteGroup during the 4th quarter worth $915,000. Vident Advisory LLC boosted its position in PulteGroup by 3.1% during the 4th quarter. Vident Advisory LLC now owns 15,916 shares of the construction company’s stock worth $1,733,000 after purchasing an additional 472 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its position in PulteGroup by 9.1% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 2,033,776 shares of the construction company’s stock worth $221,478,000 after purchasing an additional 169,736 shares during the period. Finally, Focus Partners Advisor Solutions LLC boosted its position in PulteGroup by 30.2% during the 4th quarter. Focus Partners Advisor Solutions LLC now owns 3,027 shares of the construction company’s stock worth $330,000 after purchasing an additional 702 shares during the period. 89.90% of the stock is owned by hedge funds and other institutional investors.

PulteGroup Trading Down 1.6%

PulteGroup stock opened at $131.95 on Friday. The firm has a 50 day simple moving average of $125.53 and a 200-day simple moving average of $110.31. The company has a debt-to-equity ratio of 0.13, a current ratio of 0.77 and a quick ratio of 0.77. The stock has a market capitalization of $26.03 billion, a PE ratio of 9.86, a price-to-earnings-growth ratio of 0.39 and a beta of 1.27. PulteGroup, Inc. has a 12-month low of $88.07 and a 12-month high of $149.47.

PulteGroup (NYSE:PHM) last released its earnings results on Tuesday, July 22nd. The construction company reported $3.03 EPS 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 business had revenue of $4.40 billion during the quarter, compared to analyst estimates of $4.42 billion. During the same period in the prior year, the business earned $3.83 earnings per share. The business’s quarterly revenue was down 4.3% on a year-over-year basis. As a group, equities research analysts expect that PulteGroup, Inc. will post 12.32 EPS for the current fiscal year.

PulteGroup Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, October 2nd. Investors of record on Tuesday, September 16th will be given a $0.22 dividend. This represents a $0.88 annualized dividend and a dividend yield of 0.7%. The ex-dividend date is Tuesday, September 16th. PulteGroup’s dividend payout ratio is 6.58%.

Wall Street Analyst Weigh In

PHM has been the subject of a number of research reports. JPMorgan Chase & Co. upped their price target on shares of PulteGroup from $121.00 to $123.00 and gave the stock an “overweight” rating in a research report on Wednesday, July 23rd. Raymond James Financial reaffirmed an “outperform” rating and set a $140.00 price target (up from $115.00) on shares of PulteGroup in a research report on Wednesday, July 23rd. Zacks Research raised shares of PulteGroup from a “strong sell” rating to a “hold” rating in a research report on Friday, August 29th. Wedbush reaffirmed an “outperform” rating and set a $150.00 price target on shares of PulteGroup in a research report on Wednesday, August 13th. Finally, Seaport Res Ptn raised 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, nine have assigned a Buy rating and five have issued a Hold rating to the stock. According to MarketBeat, PulteGroup currently has a consensus rating of “Moderate Buy” and an average target price of $136.46.

About PulteGroup

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.