Financial Strategies Group Inc. Takes $5.36 Million Position in PulteGroup, Inc. $PHM

Financial Strategies Group Inc. purchased a new stake in shares of PulteGroup, Inc. (NYSE:PHM) in the 1st quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 56,569 shares of the construction company’s stock, valued at approximately $5,362,000. PulteGroup comprises about 1.3% of Financial Strategies Group Inc.’s investment portfolio, making the stock its 26th biggest holding.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the business. Tocqueville Asset Management L.P. increased its position in shares of PulteGroup by 2.0% during the 1st quarter. Tocqueville Asset Management L.P. now owns 5,062 shares of the construction company’s stock valued at $520,000 after purchasing an additional 100 shares during the last quarter. NDVR Inc. increased its position in shares of PulteGroup by 6.0% during the 4th quarter. NDVR Inc. now owns 1,984 shares of the construction company’s stock valued at $216,000 after purchasing an additional 112 shares during the last quarter. Golden State Wealth Management LLC increased its position in shares of PulteGroup by 15.9% during the 1st quarter. Golden State Wealth Management LLC now owns 909 shares of the construction company’s stock valued at $93,000 after purchasing an additional 125 shares during the last quarter. Signaturefd LLC increased its position in shares of PulteGroup by 1.9% during the 1st quarter. Signaturefd LLC now owns 6,644 shares of the construction company’s stock valued at $683,000 after purchasing an additional 127 shares during the last quarter. Finally, McGlone Suttner Wealth Management Inc. increased its holdings in PulteGroup by 6.3% in the 1st quarter. McGlone Suttner Wealth Management Inc. now owns 2,234 shares of the construction company’s stock worth $230,000 after acquiring an additional 133 shares in the last quarter. Hedge funds and other institutional investors own 89.90% of the company’s stock.

PulteGroup Trading Up 2.1%

Shares of PHM opened at $140.53 on Friday. 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, Inc. has a 1 year low of $88.07 and a 1 year high of $149.47. The company has a 50 day simple moving average of $120.49 and a two-hundred day simple moving average of $108.12. The firm has a market cap of $27.73 billion, a P/E ratio of 10.50, a price-to-earnings-growth ratio of 0.41 and a beta of 1.27.

PulteGroup (NYSE:PHM) last announced its quarterly earnings data on Tuesday, July 22nd. The construction company reported $3.03 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.92 by $0.11. PulteGroup had a net margin of 15.50% and a return on equity of 21.01%. The business had revenue of $4.40 billion during the quarter, compared to analyst estimates of $4.42 billion. During the same period last year, the firm posted $3.83 EPS. The company’s revenue was down 4.3% on a year-over-year basis. On average, equities analysts expect that PulteGroup, Inc. will post 12.32 earnings per share for the current fiscal year.

PulteGroup Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, October 2nd. Shareholders of record on Tuesday, September 16th will be issued a dividend of $0.22 per share. This represents a $0.88 dividend on an annualized basis and a yield of 0.6%. The ex-dividend date of this dividend is Tuesday, September 16th. PulteGroup’s dividend payout ratio (DPR) is 6.58%.

Analyst Ratings Changes

Several research firms recently issued reports on PHM. UBS Group increased their target price on shares of PulteGroup from $141.00 to $150.00 and gave the stock a “buy” rating in a report on Wednesday, July 23rd. Seaport Res Ptn raised shares of PulteGroup from a “hold” rating to a “strong-buy” rating in a report on Tuesday, July 22nd. Wedbush reissued an “outperform” rating and issued a $150.00 target price on shares of PulteGroup in a report on Wednesday, August 13th. Citigroup increased their target price on shares of PulteGroup from $128.00 to $132.00 and gave the stock a “neutral” rating in a report on Wednesday, July 23rd. Finally, JPMorgan Chase & Co. increased their target price on shares of PulteGroup from $121.00 to $123.00 and gave the stock an “overweight” rating in a report on Wednesday, July 23rd. One equities research analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and five have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $136.46.

PulteGroup Company Profile

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.