PulteGroup, Inc. $PHM Shares Purchased by Greenfield Savings Bank

Greenfield Savings Bank raised its position in PulteGroup, Inc. (NYSE:PHM) by 9.5% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 7,997 shares of the construction company’s stock after purchasing an additional 695 shares during the quarter. Greenfield Savings Bank’s holdings in PulteGroup were worth $843,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently made changes to their positions in the business. WPG Advisers LLC bought a new position in PulteGroup in the 1st quarter worth approximately $25,000. Ameriflex Group Inc. acquired a new position in PulteGroup during the 4th quarter worth $37,000. American National Bank & Trust bought a new position in shares of PulteGroup in the first quarter worth $39,000. Catalyst Capital Advisors LLC acquired a new position in shares of PulteGroup during the first quarter valued at $54,000. Finally, Quarry LP raised its stake in shares of PulteGroup by 43.8% during the first quarter. Quarry LP now owns 571 shares of the construction company’s stock valued at $59,000 after purchasing an additional 174 shares in the last quarter. Institutional investors own 89.90% of the company’s stock.

PulteGroup Trading Down 1.1%

Shares of NYSE:PHM opened at $137.15 on Friday. The stock has a market capitalization of $27.06 billion, a price-to-earnings ratio of 10.25, a PEG ratio of 0.41 and a beta of 1.27. PulteGroup, Inc. has a 1-year low of $88.07 and a 1-year high of $149.47. The company has a debt-to-equity ratio of 0.13, a quick ratio of 0.77 and a current ratio of 0.77. The company has a 50 day moving average price of $123.37 and a 200 day moving average price of $109.28.

PulteGroup (NYSE:PHM) last announced its quarterly earnings data on Tuesday, July 22nd. The construction company reported $3.03 EPS for the quarter, beating analysts’ consensus estimates of $2.92 by $0.11. The company had revenue of $4.40 billion during the quarter, compared to the consensus estimate of $4.42 billion. PulteGroup had a return on equity of 21.01% and a net margin of 15.50%.The company’s quarterly revenue was down 4.3% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $3.83 EPS. On average, research analysts anticipate that PulteGroup, Inc. will post 12.32 EPS for the current fiscal year.

PulteGroup Announces Dividend

The business 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. The ex-dividend date is Tuesday, September 16th. This represents a $0.88 dividend on an annualized basis and a dividend yield of 0.6%. PulteGroup’s dividend payout ratio (DPR) is 6.58%.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on PHM shares. Wedbush reiterated an “outperform” rating and issued a $150.00 target price on shares of PulteGroup in a research report on Wednesday, August 13th. 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 note on Wednesday, July 23rd. Zacks Research upgraded shares of PulteGroup from a “strong sell” rating to a “hold” rating in a research note on Friday, August 29th. Raymond James Financial restated an “outperform” rating and issued a $140.00 target price (up from $115.00) on shares of PulteGroup in a research report on Wednesday, July 23rd. Finally, UBS Group increased their price target on PulteGroup from $141.00 to $150.00 and gave the company a “buy” rating in a research note on Wednesday, July 23rd. One analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and five have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $136.46.

PulteGroup 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.