Edmond DE Rothschild Holding S.A. Sells 13,464 Shares of PulteGroup, Inc. (NYSE:PHM)

Edmond DE Rothschild Holding S.A. reduced its holdings in shares of PulteGroup, Inc. (NYSE:PHMGet Rating) by 2.0% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 655,581 shares of the construction company’s stock after selling 13,464 shares during the quarter. Edmond DE Rothschild Holding S.A. owned approximately 0.28% of PulteGroup worth $25,981,000 as of its most recent SEC filing.

A number of other hedge funds have also bought and sold shares of the business. Vanguard Group Inc. lifted its holdings in PulteGroup by 1.0% during the first quarter. Vanguard Group Inc. now owns 27,748,609 shares of the construction company’s stock worth $1,162,667,000 after acquiring an additional 261,934 shares during the period. Dimensional Fund Advisors LP raised its stake in shares of PulteGroup by 1.8% in the first quarter. Dimensional Fund Advisors LP now owns 6,510,934 shares of the construction company’s stock valued at $272,892,000 after buying an additional 116,075 shares during the period. First Trust Advisors LP raised its stake in shares of PulteGroup by 29.4% in the first quarter. First Trust Advisors LP now owns 4,850,407 shares of the construction company’s stock valued at $203,232,000 after buying an additional 1,101,565 shares during the period. Greenhaven Associates Inc. bought a new stake in shares of PulteGroup in the second quarter valued at $168,140,000. Finally, Invesco Ltd. raised its stake in shares of PulteGroup by 36.3% in the first quarter. Invesco Ltd. now owns 3,651,100 shares of the construction company’s stock valued at $152,982,000 after buying an additional 972,310 shares during the period. 89.34% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

PHM has been the topic of several research reports. Citigroup boosted their target price on PulteGroup to $51.00 in a research note on Thursday, October 13th. Barclays lowered their target price on PulteGroup from $48.00 to $45.00 and set an “equal weight” rating on the stock in a research note on Wednesday, October 26th. JPMorgan Chase & Co. boosted their price objective on PulteGroup from $43.50 to $65.00 in a research note on Tuesday. StockNews.com lowered PulteGroup from a “buy” rating to a “hold” rating in a research note on Tuesday, October 11th. Finally, Wedbush cut their price objective on PulteGroup to $54.00 and set an “outperform” rating for the company in a report on Wednesday, July 27th. Six research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $50.50.

PulteGroup Trading Up 2.2 %

PHM stock traded up $0.97 during trading on Thursday, hitting $44.70. 1,806,771 shares of the company traded hands, compared to its average volume of 2,531,987. The firm has a market capitalization of $10.18 billion, a PE ratio of 4.53, a P/E/G ratio of 2.49 and a beta of 1.28. PulteGroup, Inc. has a 1 year low of $35.03 and a 1 year high of $58.09. The company has a 50-day moving average of $39.77 and a 200-day moving average of $41.46. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.26 and a current ratio of 0.26.

PulteGroup (NYSE:PHMGet Rating) last issued its earnings results on Tuesday, October 25th. The construction company reported $2.69 earnings per share for the quarter, missing the consensus estimate of $2.73 by ($0.04). The company had revenue of $3.94 billion for the quarter, compared to analysts’ expectations of $4.04 billion. PulteGroup had a net margin of 15.56% and a return on equity of 30.80%. Analysts predict that PulteGroup, Inc. will post 10.15 earnings per share for the current fiscal year.

PulteGroup Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, October 4th. Shareholders of record on Thursday, September 22nd were given a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a yield of 1.34%. The ex-dividend date of this dividend was Wednesday, September 21st. PulteGroup’s payout ratio is 6.09%.

PulteGroup Company Profile

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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, American West, and John Wieland Homes and Neighborhoods brand names.

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Institutional Ownership by Quarter for PulteGroup (NYSE:PHM)

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