PulteGroup, Inc. (PHM) Holdings Maintained by Icon Advisers Inc. Co.
Icon Advisers Inc. Co. continued to hold its position in shares of PulteGroup, Inc. (NYSE:PHM) during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 244,390 shares of the construction company’s stock at the end of the second quarter. Icon Advisers Inc. Co. owned 0.08% of PulteGroup worth $5,995,000 as of its most recent filing with the Securities & Exchange Commission.
Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. HAP Trading LLC lifted its stake in shares of PulteGroup by 26.7% in the 2nd quarter. HAP Trading LLC now owns 96,520 shares of the construction company’s stock valued at $2,368,000 after purchasing an additional 20,336 shares in the last quarter. Peloton Wealth Strategists lifted its stake in shares of PulteGroup by 4.7% in the 2nd quarter. Peloton Wealth Strategists now owns 89,700 shares of the construction company’s stock valued at $2,200,000 after purchasing an additional 4,000 shares in the last quarter. Fiera Capital Corp acquired a new position in shares of PulteGroup in the 2nd quarter valued at about $45,333,000. Stephens Inc. AR lifted its stake in shares of PulteGroup by 78.4% in the 2nd quarter. Stephens Inc. AR now owns 21,934 shares of the construction company’s stock valued at $538,000 after purchasing an additional 9,640 shares in the last quarter. Finally, Riverhead Capital Management LLC lifted its stake in shares of PulteGroup by 1.2% in the 2nd quarter. Riverhead Capital Management LLC now owns 13,673 shares of the construction company’s stock valued at $336,000 after purchasing an additional 159 shares in the last quarter. 85.80% of the stock is currently owned by institutional investors and hedge funds.
Shares of PulteGroup, Inc. (NYSE PHM) traded up 0.11% during trading on Thursday, hitting $26.22. The company’s stock had a trading volume of 494,036 shares. The company has a market capitalization of $7.91 billion, a P/E ratio of 14.51 and a beta of 1.08. The firm’s 50 day moving average is $25.28 and its 200-day moving average is $23.93. PulteGroup, Inc. has a 1-year low of $17.69 and a 1-year high of $26.50.
PulteGroup (NYSE:PHM) last announced its earnings results on Tuesday, July 25th. The construction company reported $0.47 earnings per share for the quarter, beating the consensus estimate of $0.45 by $0.02. PulteGroup had a return on equity of 13.43% and a net margin of 7.35%. The firm had revenue of $2.02 billion during the quarter, compared to the consensus estimate of $2.03 billion. During the same quarter in the prior year, the company earned $0.37 EPS. The firm’s revenue for the quarter was up 12.3% compared to the same quarter last year. Analysts forecast that PulteGroup, Inc. will post $2.09 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, October 3rd. Investors of record on Tuesday, September 19th will be paid a dividend of $0.09 per share. The ex-dividend date of this dividend is Monday, September 18th. This represents a $0.36 annualized dividend and a yield of 1.37%. PulteGroup’s payout ratio is 20.00%.
Several equities analysts recently commented on PHM shares. FBR & Co reissued an “outperform” rating and set a $28.00 price target (up from $26.00) on shares of PulteGroup in a research report on Wednesday, July 26th. 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. MKM Partners reissued a “neutral” rating on shares of PulteGroup in a research report on Tuesday, September 5th. Wedbush reissued a “neutral” rating and set a $22.00 price target on shares of PulteGroup in a research report on Tuesday, July 25th. Finally, Susquehanna Bancshares Inc lowered PulteGroup from a “positive” rating to a “neutral” rating and set a $26.00 price target on the stock. in a research report on Wednesday, July 26th. One research analyst has rated the stock with a sell rating, ten have given a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus price target of $25.08.
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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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