Hager Investment Management Services LLC Has $44,000 Stock Position in PulteGroup, Inc. $PHM

Hager Investment Management Services LLC grew its position in PulteGroup, Inc. (NYSE:PHM) by 33.3% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 420 shares of the construction company’s stock after buying an additional 105 shares during the quarter. Hager Investment Management Services LLC’s holdings in PulteGroup were worth $44,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in PHM. Nuveen LLC acquired a new position in shares of PulteGroup in the first quarter worth about $213,092,000. Pacer Advisors Inc. boosted its holdings in shares of PulteGroup by 2,586.8% in the first quarter. Pacer Advisors Inc. now owns 1,166,902 shares of the construction company’s stock worth $119,958,000 after buying an additional 1,123,471 shares during the period. JPMorgan Chase & Co. boosted its holdings in shares of PulteGroup by 40.3% in the first quarter. JPMorgan Chase & Co. now owns 3,486,330 shares of the construction company’s stock worth $358,395,000 after buying an additional 1,001,290 shares during the period. AustralianSuper Pty Ltd boosted its holdings in shares of PulteGroup by 219.2% in the first quarter. AustralianSuper Pty Ltd now owns 1,039,107 shares of the construction company’s stock worth $106,820,000 after buying an additional 713,534 shares during the period. Finally, Alyeska Investment Group L.P. acquired a new position in shares of PulteGroup in the first quarter worth about $53,262,000. 89.90% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several brokerages have commented on PHM. Zacks Research upgraded shares of PulteGroup from a “strong sell” rating to a “hold” rating in a report on Friday, August 29th. JPMorgan Chase & Co. raised their price target on shares of PulteGroup from $121.00 to $123.00 and gave the stock an “overweight” rating in a report on Wednesday, July 23rd. Seaport Res Ptn upgraded shares of PulteGroup from a “hold” rating to a “strong-buy” rating in a report on Tuesday, July 22nd. UBS Group raised their price target on shares of PulteGroup from $141.00 to $150.00 and gave the stock a “buy” rating in a report on Wednesday, July 23rd. Finally, Raymond James Financial restated an “outperform” rating and set a $140.00 price target (up from $115.00) on shares of PulteGroup in a report on Wednesday, July 23rd. One investment analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and seven have issued a Hold rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $136.46.

PulteGroup Trading Down 1.6%

NYSE:PHM opened at $127.51 on Thursday. PulteGroup, Inc. has a 12 month low of $88.07 and a 12 month high of $149.47. The firm has a market cap of $25.16 billion, a price-to-earnings ratio of 9.53, a P/E/G ratio of 0.38 and a beta of 1.29. The company has a quick ratio of 0.77, a current ratio of 0.77 and a debt-to-equity ratio of 0.13. The company’s 50 day moving average is $130.29 and its 200-day moving average is $112.72.

PulteGroup (NYSE:PHM) last released its quarterly earnings results on Tuesday, July 22nd. The construction company reported $3.03 EPS for the quarter, beating analysts’ consensus estimates of $2.92 by $0.11. PulteGroup had a net margin of 15.50% and a return on equity of 21.01%. The company had revenue of $4.40 billion for the quarter, compared to analyst estimates of $4.42 billion. During the same quarter last year, the firm posted $3.83 earnings per share. The company’s quarterly revenue was down 4.3% compared to the same quarter last year. Equities analysts anticipate that PulteGroup, Inc. will post 12.32 EPS for the current year.

PulteGroup Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, October 2nd. Stockholders of record on Tuesday, September 16th were given a $0.22 dividend. The ex-dividend date of this dividend was Tuesday, September 16th. This represents a $0.88 dividend on an annualized basis and a dividend yield of 0.7%. PulteGroup’s dividend payout ratio (DPR) is currently 6.58%.

PulteGroup Company 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.