PulteGroup, Inc. $PHM Shares Sold by MGO One Seven LLC

MGO One Seven LLC trimmed its stake in shares of PulteGroup, Inc. (NYSE:PHM) by 7.6% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 5,880 shares of the construction company’s stock after selling 486 shares during the quarter. MGO One Seven LLC’s holdings in PulteGroup were worth $620,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also made changes to their positions in the company. Reyes Financial Architecture Inc. raised its position in shares of PulteGroup by 42.1% during the 1st quarter. Reyes Financial Architecture Inc. now owns 770 shares of the construction company’s stock worth $79,000 after purchasing an additional 228 shares during the period. Xponance Inc. grew its holdings in PulteGroup by 38.6% in the 1st quarter. Xponance Inc. now owns 38,993 shares of the construction company’s stock worth $4,008,000 after buying an additional 10,867 shares in the last quarter. Florida Financial Advisors LLC grew its holdings in PulteGroup by 30.5% in the 1st quarter. Florida Financial Advisors LLC now owns 4,832 shares of the construction company’s stock worth $496,000 after buying an additional 1,129 shares in the last quarter. Edgestream Partners L.P. grew its holdings in PulteGroup by 2,687.0% in the 1st quarter. Edgestream Partners L.P. now owns 77,310 shares of the construction company’s stock worth $7,947,000 after buying an additional 74,536 shares in the last quarter. Finally, Golden State Wealth Management LLC grew its holdings in PulteGroup by 15.9% in the 1st quarter. Golden State Wealth Management LLC now owns 909 shares of the construction company’s stock worth $93,000 after buying an additional 125 shares in the last quarter. 89.90% of the stock is currently owned by institutional investors and hedge funds.

PulteGroup Price Performance

Shares of NYSE:PHM opened at $124.29 on Friday. The company has a current ratio of 0.77, a quick ratio of 0.77 and a debt-to-equity ratio of 0.13. PulteGroup, Inc. has a 1 year low of $88.07 and a 1 year high of $149.47. The business has a fifty day simple moving average of $130.81 and a 200 day simple moving average of $113.62. The firm has a market cap of $24.52 billion, a price-to-earnings ratio of 9.29, a P/E/G ratio of 0.36 and a beta of 1.29.

PulteGroup (NYSE:PHM) last announced its quarterly earnings data on Tuesday, July 22nd. The construction company reported $3.03 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.92 by $0.11. PulteGroup had a return on equity of 21.01% and a net margin of 15.50%.The business had revenue of $4.40 billion during the quarter, compared to analyst estimates of $4.42 billion. During the same period last year, the company earned $3.83 earnings per share. PulteGroup’s quarterly revenue was down 4.3% compared to the same quarter last year. As a group, sell-side analysts predict that PulteGroup, Inc. will post 12.32 earnings per share for the current fiscal year.

PulteGroup Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, October 2nd. Shareholders of record on Tuesday, September 16th were given a dividend of $0.22 per share. This represents a $0.88 annualized dividend and a yield of 0.7%. The ex-dividend date of this dividend was Tuesday, September 16th. PulteGroup’s dividend payout ratio is presently 6.58%.

Analyst Ratings Changes

PHM has been the subject of a number of research reports. 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. JPMorgan Chase & Co. increased their price objective on PulteGroup from $121.00 to $123.00 and gave the company an “overweight” rating in a research report on Wednesday, July 23rd. Royal Bank Of Canada increased their price objective on PulteGroup from $109.00 to $112.00 and gave the company a “sector perform” rating in a research report on Wednesday, July 23rd. Raymond James Financial reiterated an “outperform” rating and set a $140.00 price objective (up previously from $115.00) on shares of PulteGroup in a research report on Wednesday, July 23rd. Finally, Wells Fargo & Company raised their target price on PulteGroup from $135.00 to $150.00 and gave the stock an “overweight” rating in a research report on Tuesday, September 2nd. One research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and seven have assigned a Hold rating to the company’s stock. According to data from MarketBeat, PulteGroup currently has an average rating of “Moderate Buy” and an average target price of $136.92.

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.