Cubist Systematic Strategies LLC raised its stake in PulteGroup, Inc. (NYSE:PHM) by 152.4% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 73,946 shares of the construction company’s stock after purchasing an additional 44,652 shares during the quarter. Cubist Systematic Strategies LLC’s holdings in PulteGroup were worth $1,814,000 at the end of the most recent reporting period.
Other hedge funds also recently bought and sold shares of the company. Ameritas Investment Partners Inc. bought a new position in PulteGroup in the first quarter valued at approximately $155,000. Northwestern Mutual Wealth Management Co. grew its stake in PulteGroup by 7.3% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 6,845 shares of the construction company’s stock valued at $168,000 after purchasing an additional 465 shares in the last quarter. QCM Cayman Ltd. bought a new position in PulteGroup in the second quarter valued at approximately $223,000. BKS Advisors LLC bought a new position in PulteGroup in the second quarter valued at approximately $232,000. Finally, Clinton Group Inc. bought a new position in PulteGroup in the first quarter valued at approximately $232,000. Hedge funds and other institutional investors own 85.71% of the company’s stock.
PulteGroup, Inc. (PHM) remained flat at $26.85 on Wednesday. 198,301 shares of the company were exchanged. The company has a 50-day moving average price of $26.18 and a 200-day moving average price of $24.45. PulteGroup, Inc. has a 1-year low of $17.69 and a 1-year high of $27.76. The firm has a market capitalization of $8.10 billion, a P/E ratio of 14.86 and a beta of 1.06.
PulteGroup (NYSE:PHM) last issued its quarterly earnings data on Tuesday, July 25th. The construction company reported $0.47 EPS for the quarter, topping analysts’ consensus estimates of $0.45 by $0.02. The firm had revenue of $2.02 billion during the quarter, compared to analyst estimates of $2.03 billion. PulteGroup had a return on equity of 13.43% and a net margin of 7.35%. The company’s revenue for the quarter was up 12.3% on a year-over-year basis. During the same period in the previous year, the company posted $0.37 EPS. Equities research analysts anticipate that PulteGroup, Inc. will post $2.07 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Tuesday, October 3rd. Shareholders of record on Tuesday, September 19th were issued a dividend of $0.09 per share. This represents a $0.36 dividend on an annualized basis and a yield of 1.34%. The ex-dividend date was Monday, September 18th. PulteGroup’s dividend payout ratio is currently 20.00%.
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A number of research analysts have weighed in on the company. Zacks Investment Research downgraded PulteGroup from a “buy” rating to a “hold” rating in a research note on Tuesday, October 3rd. BidaskClub upgraded PulteGroup from a “buy” rating to a “strong-buy” rating in a research note on Thursday, August 17th. Royal Bank Of Canada restated a “buy” rating and issued a $28.00 price target on shares of PulteGroup in a research note on Monday, September 25th. MKM Partners restated a “neutral” rating on shares of PulteGroup in a research note on Tuesday, September 5th. Finally, Barclays PLC downgraded PulteGroup from an “overweight” rating to an “equal weight” rating and set a $24.00 price target for the company. in a research note on Tuesday, July 11th. They noted that the move was a valuation call. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating, four have given a buy rating and one has given a strong buy rating to the company’s stock. PulteGroup has a consensus rating of “Hold” and a consensus target price of $25.45.
PulteGroup Company Profile
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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