Chartist Inc. CA Sells 33 Shares of PulteGroup, Inc. (PHM)
Chartist Inc. CA decreased its holdings in PulteGroup, Inc. (NYSE:PHM) by 0.4% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 8,813 shares of the construction company’s stock after selling 33 shares during the period. PulteGroup comprises approximately 0.1% of Chartist Inc. CA’s holdings, making the stock its 28th largest holding. Chartist Inc. CA’s holdings in PulteGroup were worth $216,000 as of its most recent SEC filing.
A number of other hedge funds have also added to or reduced their stakes in PHM. BlackRock Inc. increased its stake in PulteGroup by 3,521.7% in the first quarter. BlackRock Inc. now owns 22,891,339 shares of the construction company’s stock worth $539,092,000 after purchasing an additional 22,259,277 shares during the period. Renaissance Technologies LLC bought a new position in shares of PulteGroup during the 1st quarter worth $92,466,000. Fiera Capital Corp bought a new position in shares of PulteGroup during the 2nd quarter worth $45,333,000. LSV Asset Management grew its position in shares of PulteGroup by 150.9% during the 2nd quarter. LSV Asset Management now owns 2,029,335 shares of the construction company’s stock worth $49,779,000 after buying an additional 1,220,579 shares in the last quarter. Finally, State of New Jersey Common Pension Fund D bought a new position in shares of PulteGroup during the 2nd quarter worth $29,436,000. Institutional investors and hedge funds own 85.71% of the company’s stock.
Shares of PulteGroup, Inc. (PHM) traded up 0.11% during midday trading on Friday, reaching $27.23. The company’s stock had a trading volume of 3,281,150 shares. The stock’s 50-day moving average price is $26.08 and its 200-day moving average price is $24.38. PulteGroup, Inc. has a 12-month low of $17.69 and a 12-month high of $27.76. The company has a market cap of $8.22 billion, a P/E ratio of 15.07 and a beta of 1.06.
PulteGroup (NYSE:PHM) last released its quarterly earnings data on Tuesday, July 25th. The construction company reported $0.47 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.45 by $0.02. The business had revenue of $2.02 billion during the quarter, compared to analysts’ expectations of $2.03 billion. PulteGroup had a return on equity of 13.43% and a net margin of 7.35%. The business’s quarterly revenue was up 12.3% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.37 EPS. On average, analysts expect that PulteGroup, Inc. will post $2.07 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, October 3rd. Stockholders of record on Tuesday, September 19th were given a dividend of $0.09 per share. The ex-dividend date of this dividend was Monday, September 18th. This represents a $0.36 annualized dividend and a dividend yield of 1.32%. PulteGroup’s dividend payout ratio is currently 20.00%.
A number of equities analysts have recently issued reports on PHM shares. Zacks Investment Research raised PulteGroup from a “hold” rating to a “buy” rating and set a $27.00 price target on the stock in a research report on Tuesday, July 4th. Bank of America Corporation reissued a “buy” rating and set a $30.00 price target (up previously from $29.00) on shares of PulteGroup in a research report on Tuesday, June 27th. BidaskClub downgraded PulteGroup from a “strong-buy” rating to a “buy” rating in a research report on Thursday, July 13th. Royal Bank Of Canada reissued a “buy” rating and set a $28.00 price target on shares of PulteGroup in a research report on Monday, September 25th. Finally, Barclays PLC downgraded PulteGroup from an “overweight” rating to an “equal weight” rating and set a $24.00 price target on the stock. in a research report on Tuesday, July 11th. They noted that the move was a valuation call. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the company’s stock. PulteGroup currently has a consensus rating of “Hold” and a consensus price target of $25.45.
PulteGroup, Inc is a homebuilder in the United States. The Company’s segments include Homebuilding and Financial Services. Its Homebuilding operations are engaged in the acquisition and development of land primarily for residential purposes within the United States and the construction of housing on such land.
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