5,500 shares of PulteGroup, Inc. (NYSE: PHM) acquired by Rothschild Investment Corp IL
Rothschild Investment Corp IL acquired a new position in PulteGroup, Inc. (New York Stock Exchange: PHM – Get a rating) in the first quarter, according to the company in its most recent filing with the SEC. The company acquired 5,500 shares of the construction company, valued at approximately $230,000.
Other institutional investors have also recently bought and sold shares of the company. LPL Financial LLC increased its equity stake in PulteGroup by 1.2% during the third quarter. LPL Financial LLC now owns 56,200 shares of the construction company valued at $2,581,000 after purchasing an additional 684 shares during the period. Wellington Management Group LLP increased its stake in PulteGroup shares by 19.4% during the 3rd quarter. Wellington Management Group LLP now owns 51,458 shares of the construction company valued at $2,364,000 after purchasing an additional 8,347 shares during the period. Bank of New York Mellon Corp increased its stake in PulteGroup shares by 44.7% during the third quarter. Bank of New York Mellon Corp now owns 3,771,204 shares of the construction company valued at $173,175,000 after purchasing an additional 1,165,839 shares during the period. Hudson Bay Capital Management LP acquired a new stake in shares of PulteGroup during Q3 valued at $918,000. Finally, Vigilare Wealth Management acquired a new equity stake in PulteGroup during the 4th quarter with a value of $302,000. 90.32% of the shares are held by hedge funds and other institutional investors.
Shares of MPS opened at $40.59 on Tuesday. The company has a debt ratio of 0.27, a current ratio of 0.68 and a quick ratio of 0.68. The company has a market capitalization of $9.65 billion, a PE ratio of 4.97, a growth price-earnings ratio of 0.63 and a beta of 1.32. The company’s fifty-day moving average price is $42.29 and its 200-day moving average price is $46.97. PulteGroup, Inc. has a one-year low of $35.03 and a one-year high of $58.09.
Pulte Group (New York Stock Exchange: PHM – Get a rating) last released its quarterly results on Thursday, April 28. The construction company reported earnings per share (EPS) of $1.83 for the quarter, beating the consensus estimate of $1.70 by $0.13. The company posted revenue of $3.19 billion for the quarter, versus analyst estimates of $3.09 billion. PulteGroup had a net margin of 14.58% and a return on equity of 27.91%. The company’s quarterly revenue increased 16.8% year over year. During the same period last year, the company posted EPS of $1.28. Analysts expect PulteGroup, Inc. to post earnings per share of 10.65 for the current year.
The company also recently declared a quarterly dividend, which will be paid on Tuesday, July 5. Shareholders of record on Friday, June 10 will receive a dividend of $0.15. The ex-date of this dividend is Thursday, June 9. This represents an annualized dividend of $0.60 and a yield of 1.48%. PulteGroup’s dividend payout rate is 7.35%.
A number of equity research analysts have published reports on PHM stocks. Bank of America downgraded PulteGroup shares from an “underperform” to a “buy” rating and set a target price of $58.00 for the company in a Monday 28 research note. february. Barclays downgraded PulteGroup shares from an “overweight” rating to an “equally weighted” rating and lowered its price target for the company from $72.00 to $49.00 in a Thursday March 31 report. Wedbush cut its price target on PulteGroup shares from $68.00 to $57.00 in a Monday, May 2 report. UBS Group cut its price target on PulteGroup shares from $73.00 to $55.00 and set a “buy” rating on the stock in a Thursday, June 16 report. Finally, Goldman Sachs Group cut its price target on PulteGroup shares from $63.00 to $48.00 and set a “neutral” rating on the stock in a Tuesday, April 12 report. Seven investment analysts gave the stock a hold rating, six gave the stock a buy rating and one gave the stock a high buy rating. According to data from MarketBeat.com, PulteGroup currently has a consensus rating of “Moderate Buy” and an average price target of $51.58.
Profile of PulteGroup (Get a rating)
PulteGroup, Inc, through its subsidiaries, is primarily engaged in the residential construction business in the United States. It acquires and develops land primarily for residential purposes; and build housing on that land. The company also offers various home designs, including single-detached homes, townhouses, condominiums and duplexes under the Centex, Pulte Homes, Del Webb, DiVosta Homes, American West and John Wieland Homes and Neighborhoods brands.
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