Stifel Financial Corp Has $1.92 Million Stake in PulteGroup, Inc. (PHM)
Stifel Financial Corp grew its stake in PulteGroup, Inc. (NYSE:PHM) by 103.7% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 78,286 shares of the construction company’s stock after buying an additional 39,859 shares during the quarter. Stifel Financial Corp’s holdings in PulteGroup were worth $1,923,000 as of its most recent SEC filing.
Several other hedge funds also recently modified their holdings of the company. Ameritas Investment Partners Inc. purchased a new position in shares of PulteGroup in the 1st quarter valued at about $155,000. Northwestern Mutual Wealth Management Co. increased its stake in shares of PulteGroup by 7.3% in the 2nd 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. BKS Advisors LLC purchased a new position in shares of PulteGroup in the 2nd quarter valued at about $232,000. IFP Advisors Inc increased its stake in shares of PulteGroup by 72.2% in the 2nd quarter. IFP Advisors Inc now owns 10,264 shares of the construction company’s stock valued at $252,000 after purchasing an additional 4,305 shares in the last quarter. Finally, McKinley Carter Wealth Services Inc. increased its stake in shares of PulteGroup by 1.7% in the 2nd quarter. McKinley Carter Wealth Services Inc. now owns 10,417 shares of the construction company’s stock valued at $256,000 after purchasing an additional 172 shares in the last quarter. 85.50% of the stock is owned by institutional investors and hedge funds.
Shares of PulteGroup, Inc. (PHM) opened at 27.07 on Monday. The firm’s 50-day moving average price is $26.38 and its 200 day moving average price is $24.52. The stock has a market capitalization of $8.17 billion, a price-to-earnings ratio of 14.98 and a beta of 1.06. PulteGroup, Inc. has a 1-year low of $17.69 and a 1-year high of $27.76.
PulteGroup (NYSE:PHM) last issued its quarterly earnings data on Tuesday, July 25th. The construction company reported $0.47 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.45 by $0.02. PulteGroup had a net margin of 7.35% and a return on equity of 13.43%. The business had revenue of $2.02 billion during the quarter, compared to analysts’ expectations of $2.03 billion. During the same period last year, the company posted $0.37 EPS. The company’s revenue was up 12.3% on a year-over-year basis. Equities research analysts expect that PulteGroup, Inc. will post $2.07 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, October 3rd. Stockholders of record on Tuesday, September 19th were paid a dividend of $0.09 per share. The ex-dividend date of this dividend was Monday, September 18th. This represents a $0.36 dividend on an annualized basis and a dividend yield of 1.33%. PulteGroup’s dividend payout ratio (DPR) is 20.00%.
PHM has been the subject of several recent analyst reports. BidaskClub lowered PulteGroup from a “strong-buy” rating to a “buy” rating in a research note on Thursday, July 13th. Zacks Investment Research upgraded PulteGroup from a “hold” rating to a “buy” rating and set a $27.00 price target for the company in a research note on Tuesday, July 4th. Bank of America Corporation restated a “buy” rating and issued a $30.00 price target (up previously from $29.00) on shares of PulteGroup in a research note on Tuesday, June 27th. 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. Finally, Barclays PLC lowered 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 issued a buy rating and one has assigned a strong buy rating to the company’s stock. PulteGroup currently has an average rating of “Hold” and a consensus price target of $25.45.
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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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