Hager Investment Management Services LLC Has $44,000 Holdings in PulteGroup, Inc. $PHM

Hager Investment Management Services LLC boosted its stake in shares of PulteGroup, Inc. (NYSE:PHM) by 33.3% in the 2nd quarter, Holdings Channel.com reports. The firm owned 420 shares of the construction company’s stock after buying an additional 105 shares during the quarter. Hager Investment Management Services LLC’s holdings in PulteGroup were worth $44,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently bought and sold shares of the stock. Cooper Financial Group lifted its position in PulteGroup by 1.4% during the 2nd quarter. Cooper Financial Group now owns 6,697 shares of the construction company’s stock valued at $706,000 after purchasing an additional 92 shares during the period. Tocqueville Asset Management L.P. lifted its position in 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 period. Ballentine Partners LLC lifted its position in PulteGroup by 3.2% during the 2nd quarter. Ballentine Partners LLC now owns 3,630 shares of the construction company’s stock valued at $383,000 after purchasing an additional 112 shares during the period. Golden State Wealth Management LLC lifted its position in 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 period. Finally, Signaturefd LLC lifted its position in 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 period. 89.90% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research analysts have issued reports on the stock. UBS Group upped their target price on shares of PulteGroup from $141.00 to $150.00 and gave the company a “buy” rating in a research report on Wednesday, July 23rd. Seaport Res Ptn raised PulteGroup from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, July 22nd. Zacks Research raised PulteGroup from a “strong sell” rating to a “hold” rating in a research note on Friday, August 29th. Citigroup upped their price target on PulteGroup from $132.00 to $143.00 and gave the company a “neutral” rating in a research note on Wednesday, October 1st. Finally, Wells Fargo & Company upped their price target on PulteGroup from $135.00 to $150.00 and gave the company an “overweight” rating in a research note on Tuesday, September 2nd. One investment analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and seven have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $136.46.

PulteGroup Price Performance

NYSE PHM opened at $127.51 on Thursday. The business has a 50 day simple moving average of $130.29 and a 200 day simple moving average of $112.72. PulteGroup, Inc. has a 52-week low of $88.07 and a 52-week high of $149.47. The company has a debt-to-equity ratio of 0.13, a quick ratio of 0.77 and a current ratio of 0.77. The stock has a market cap of $25.16 billion, a price-to-earnings ratio of 9.53, a PEG ratio of 0.38 and a beta of 1.29.

PulteGroup (NYSE:PHM) last posted its earnings results on Tuesday, July 22nd. The construction company reported $3.03 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.92 by $0.11. PulteGroup had a return on equity of 21.01% and a net margin of 15.50%.The business had revenue of $4.40 billion during the quarter, compared to analysts’ expectations of $4.42 billion. During the same period in the prior year, the business earned $3.83 EPS. PulteGroup’s revenue for the quarter was down 4.3% compared to the same quarter last year. Analysts anticipate that PulteGroup, Inc. will post 12.32 earnings per share for the current fiscal year.

PulteGroup Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, October 2nd. Investors of record on Tuesday, September 16th were paid a dividend of $0.22 per share. This represents a $0.88 dividend on an annualized basis and a yield of 0.7%. The ex-dividend date of this dividend was Tuesday, September 16th. PulteGroup’s dividend payout ratio is presently 6.58%.

PulteGroup 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.