Vanguard Personalized Indexing Management LLC Has $4.95 Million Position in PulteGroup, Inc. $PHM

Vanguard Personalized Indexing Management LLC grew its holdings in PulteGroup, Inc. (NYSE:PHMFree Report) by 11.1% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 46,949 shares of the construction company’s stock after purchasing an additional 4,677 shares during the quarter. Vanguard Personalized Indexing Management LLC’s holdings in PulteGroup were worth $4,951,000 as of its most recent filing with the SEC.

Several other large investors have also made changes to their positions in the company. Drucker Wealth 3.0 LLC acquired a new position in shares of PulteGroup during the second quarter valued at $746,000. Aberdeen Group plc lifted its stake in shares of PulteGroup by 8.8% during the second quarter. Aberdeen Group plc now owns 64,998 shares of the construction company’s stock valued at $6,855,000 after acquiring an additional 5,253 shares during the period. Blue Trust Inc. lifted its stake in shares of PulteGroup by 10.7% during the second quarter. Blue Trust Inc. now owns 1,715 shares of the construction company’s stock valued at $181,000 after acquiring an additional 166 shares during the period. Callan Family Office LLC lifted its stake in shares of PulteGroup by 96.4% during the second quarter. Callan Family Office LLC now owns 4,415 shares of the construction company’s stock valued at $466,000 after acquiring an additional 2,167 shares during the period. Finally, Blair William & Co. IL lifted its stake in shares of PulteGroup by 2.1% during the second quarter. Blair William & Co. IL now owns 32,963 shares of the construction company’s stock valued at $3,476,000 after acquiring an additional 663 shares during the period. Institutional investors and hedge funds own 89.90% of the company’s stock.

PulteGroup Stock Up 0.1%

Shares of PulteGroup stock opened at $120.21 on Tuesday. PulteGroup, Inc. has a 1 year low of $88.07 and a 1 year high of $149.47. The business has a 50-day moving average of $130.53 and a two-hundred day moving average of $113.17. The company has a market capitalization of $23.72 billion, a P/E ratio of 8.98, a price-to-earnings-growth ratio of 0.35 and a beta of 1.29. The company has a debt-to-equity ratio of 0.13, a current ratio of 0.77 and a quick ratio of 0.77.

PulteGroup (NYSE:PHMGet Free Report) last announced its quarterly earnings results 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 company had revenue of $4.40 billion during the quarter, compared to the consensus estimate of $4.42 billion. During the same period in the prior year, the company earned $3.83 earnings per share. The company’s revenue for the quarter was down 4.3% compared to the same quarter last year. As a group, equities analysts predict that PulteGroup, Inc. will post 12.32 EPS for the current year.

PulteGroup Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, October 2nd. Investors of record on Tuesday, September 16th were issued a dividend of $0.22 per share. The ex-dividend date was Tuesday, September 16th. This represents a $0.88 dividend on an annualized basis and a dividend yield of 0.7%. PulteGroup’s dividend payout ratio (DPR) is presently 6.58%.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on the company. JPMorgan Chase & Co. upped their price target on PulteGroup from $121.00 to $123.00 and gave the company an “overweight” rating in a research note on Wednesday, July 23rd. Seaport Res Ptn raised PulteGroup from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, July 22nd. Evercore ISI set a $154.00 price target on PulteGroup and gave the company an “in-line” rating in a research note on Tuesday, October 7th. UBS Group upped their price objective on PulteGroup from $141.00 to $150.00 and gave the company a “buy” rating in a report on Wednesday, July 23rd. Finally, Zacks Research upgraded PulteGroup from a “strong sell” rating to a “hold” rating in a report on Friday, August 29th. One equities research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and seven have given a Hold rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $136.92.

View Our Latest Report on PulteGroup

About PulteGroup

(Free Report)

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.

See Also

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Institutional Ownership by Quarter for PulteGroup (NYSE:PHM)

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