Distillate Capital Partners LLC Has $15.58 Million Stock Position in PulteGroup, Inc. $PHM

Distillate Capital Partners LLC lowered its holdings in shares of PulteGroup, Inc. (NYSE:PHM) by 4.9% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 147,724 shares of the construction company’s stock after selling 7,590 shares during the quarter. Distillate Capital Partners LLC owned about 0.07% of PulteGroup worth $15,579,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently bought and sold shares of the company. WPG Advisers LLC acquired a new position in PulteGroup during the first quarter worth $25,000. Hager Investment Management Services LLC lifted 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 worth $44,000 after buying an additional 105 shares during the last quarter. REAP Financial Group LLC boosted 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 acquiring an additional 348 shares in the last quarter. Quarry LP boosted its stake 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 acquiring an additional 174 shares in the last quarter. Finally, Johnson Financial Group Inc. acquired a new position in shares of PulteGroup during the 2nd quarter valued at about $64,000. 89.90% of the stock is currently owned by institutional investors.

PulteGroup Stock Down 0.0%

Shares of PHM stock opened at $127.18 on Tuesday. PulteGroup, Inc. has a 12 month low of $88.07 and a 12 month high of $142.11. The company has a quick ratio of 0.81, a current ratio of 0.81 and a debt-to-equity ratio of 0.13. The firm has a market cap of $24.79 billion, a PE ratio of 9.79, a price-to-earnings-growth ratio of 0.95 and a beta of 1.25. The stock has a 50 day moving average of $123.52 and a 200-day moving average of $118.49.

PulteGroup (NYSE:PHM) last announced its earnings results on Tuesday, October 21st. The construction company reported $2.96 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.86 by $0.10. The business had revenue of $4.40 billion for the quarter, compared to analyst estimates of $4.31 billion. PulteGroup had a net margin of 14.93% and a return on equity of 19.58%. PulteGroup’s revenue was down 1.6% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $3.35 earnings per share. On average, equities analysts predict that PulteGroup, Inc. will post 12.32 EPS for the current year.

PulteGroup Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 6th. Stockholders of record on Tuesday, December 16th will be given a dividend of $0.26 per share. This is an increase from PulteGroup’s previous quarterly dividend of $0.22. This represents a $1.04 dividend on an annualized basis and a dividend yield of 0.8%. The ex-dividend date of this dividend is Tuesday, December 16th. PulteGroup’s dividend payout ratio (DPR) is currently 8.01%.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on PHM shares. Evercore ISI reduced their target price on PulteGroup from $154.00 to $134.00 and set an “in-line” rating for the company in a report on Wednesday, October 22nd. BTIG Research started coverage on shares of PulteGroup in a research report on Monday. They issued a “neutral” rating on the stock. Bank of America reduced their price objective on shares of PulteGroup from $145.00 to $140.00 and set a “buy” rating for the company in a research note on Friday, October 10th. Citigroup upped their price objective on shares of PulteGroup from $132.00 to $143.00 and gave the stock a “neutral” rating in a report on Wednesday, October 1st. Finally, Wells Fargo & Company raised their target price on shares of PulteGroup from $135.00 to $150.00 and gave the company an “overweight” rating in a research note on Tuesday, September 2nd. 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 company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $133.67.

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.