Financial Strategies Group Inc. Acquires 4,395 Shares of PulteGroup, Inc. $PHM

Financial Strategies Group Inc. grew its holdings in PulteGroup, Inc. (NYSE:PHM) by 7.8% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 60,964 shares of the construction company’s stock after buying an additional 4,395 shares during the period. PulteGroup accounts for about 1.5% of Financial Strategies Group Inc.’s portfolio, making the stock its 23rd biggest holding. Financial Strategies Group Inc.’s holdings in PulteGroup were worth $6,966,000 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. WPG Advisers LLC bought a new stake in PulteGroup in the 1st quarter valued at $25,000. Twin Peaks Wealth Advisors LLC acquired a new position in shares of PulteGroup in the second quarter valued at $32,000. Hager Investment Management Services LLC raised its position in shares of PulteGroup by 33.3% in the second quarter. Hager Investment Management Services LLC now owns 420 shares of the construction company’s stock valued at $44,000 after purchasing an additional 105 shares during the period. REAP Financial Group LLC lifted its stake in shares of PulteGroup by 188.1% during the 2nd quarter. REAP Financial Group LLC now owns 533 shares of the construction company’s stock worth $56,000 after buying an additional 348 shares during the last quarter. Finally, Quarry LP boosted its holdings in shares of PulteGroup by 43.8% during the 1st quarter. Quarry LP now owns 571 shares of the construction company’s stock worth $59,000 after buying an additional 174 shares during the period. 89.90% of the stock is currently owned by institutional investors.

PulteGroup Price Performance

PulteGroup stock opened at $124.85 on Tuesday. The firm has a market cap of $24.34 billion, a PE ratio of 9.61, a price-to-earnings-growth ratio of 1.02 and a beta of 1.31. The company has a debt-to-equity ratio of 0.13, a current ratio of 0.81 and a quick ratio of 0.81. The stock’s fifty day moving average price is $123.17 and its two-hundred day moving average price is $119.41. PulteGroup, Inc. has a one year low of $88.07 and a one year high of $142.11.

PulteGroup (NYSE:PHM) last released its earnings results on Tuesday, October 21st. The construction company reported $2.96 earnings per share for the quarter, beating analysts’ consensus estimates of $2.86 by $0.10. PulteGroup had a return on equity of 19.58% and a net margin of 14.93%.The firm had revenue of $4.40 billion during the quarter, compared to the consensus estimate of $4.31 billion. During the same period in the prior year, the company posted $3.35 EPS. The company’s revenue was down 1.6% compared to the same quarter last year. As a group, research analysts expect that PulteGroup, Inc. will post 12.32 EPS for the current fiscal year.

PulteGroup Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, January 6th. Shareholders of record on Tuesday, December 16th will be issued a $0.26 dividend. The ex-dividend date of this dividend is Tuesday, December 16th. This represents a $1.04 annualized dividend and a yield of 0.8%. This is an increase from PulteGroup’s previous quarterly dividend of $0.22. PulteGroup’s payout ratio is 6.77%.

Analysts Set New Price Targets

Several research firms have weighed in on PHM. Evercore ISI lowered their price target on shares of PulteGroup from $154.00 to $134.00 and set an “in-line” rating on the stock in a report on Wednesday, October 22nd. Barclays set a $115.00 price target on PulteGroup in a report on Monday. JPMorgan Chase & Co. upped their price objective on PulteGroup from $136.00 to $149.00 and gave the company an “overweight” rating in a report on Thursday, December 4th. Wedbush reiterated an “outperform” rating and set a $150.00 price objective on shares of PulteGroup in a research report on Tuesday, October 21st. Finally, Citigroup lifted their target price on PulteGroup from $132.00 to $143.00 and gave the stock a “neutral” rating in a report on Wednesday, October 1st. One analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and eight have issued a Hold rating to the stock. Based on data from MarketBeat, PulteGroup presently has a consensus rating of “Moderate Buy” and a consensus price target of $137.25.

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.