Apollon Wealth Administration LLC lower its stake in shares of PulteGroup, Inc. (NYSE:PHM – Free Report) by 1.1% within the third quarter, in keeping with the corporate in its most up-to-date disclosure with the Securities and Alternate Fee (SEC). The fund owned 8,737 shares of the development firm’s inventory after promoting 100 shares through the interval. Apollon Wealth Administration LLC’s holdings in PulteGroup have been price $1,254,000 as of its most up-to-date SEC submitting.
A variety of different institutional buyers have additionally made modifications to their positions in PHM. US Bancorp DE elevated its place in shares of PulteGroup by 13.6% through the first quarter. US Bancorp DE now owns 13,888 shares of the development firm’s inventory valued at $1,675,000 after buying a further 1,665 shares over the last quarter. Avantax Advisory Companies Inc. acquired a brand new stake in shares of PulteGroup through the first quarter valued at about $358,000. Entropy Applied sciences LP acquired a brand new stake in shares of PulteGroup through the first quarter valued at about $419,000. Koshinski Asset Administration Inc. acquired a brand new place in shares of PulteGroup within the first quarter valued at roughly $237,000. Lastly, Mitsubishi UFJ Asset Administration Co. Ltd. grew its holdings in shares of PulteGroup by 19.1% within the first quarter. Mitsubishi UFJ Asset Administration Co. Ltd. now owns 249,558 shares of the development firm’s inventory valued at $30,102,000 after buying a further 40,052 shares within the final quarter. 89.90% of the inventory is presently owned by institutional buyers and hedge funds.
PulteGroup Inventory Up 1.6 %
Shares of NYSE:PHM opened at $129.48 on Friday. The corporate has a market capitalization of $26.55 billion, a PE ratio of 9.55, a P/E/G ratio of 0.52 and a beta of 1.63. The corporate has a present ratio of 0.73, a fast ratio of 0.73 and a debt-to-equity ratio of 0.14. PulteGroup, Inc. has a twelve month low of $86.59 and a twelve month excessive of $149.47. The agency has a 50 day easy transferring common of $137.29 and a 200-day easy transferring common of $125.14.
PulteGroup (NYSE:PHM – Get Free Report) final launched its quarterly earnings outcomes on Tuesday, October twenty second. The development firm reported $3.35 EPS for the quarter, beating the consensus estimate of $3.10 by $0.25. PulteGroup had a web margin of 16.64% and a return on fairness of 25.30%. The agency had income of $4.48 billion through the quarter, in comparison with the consensus estimate of $4.27 billion. Throughout the identical quarter within the prior yr, the agency earned $2.90 EPS. PulteGroup’s income for the quarter was up 11.8% on a year-over-year foundation. On common, equities analysts predict that PulteGroup, Inc. will submit 12.94 EPS for the present fiscal yr.
PulteGroup Will increase Dividend
The agency additionally just lately declared a quarterly dividend, which shall be paid on Friday, January third. Buyers of report on Tuesday, December seventeenth shall be given a $0.22 dividend. This is a rise from PulteGroup’s earlier quarterly dividend of $0.20. This represents a $0.88 annualized dividend and a yield of 0.68%. PulteGroup’s dividend payout ratio is 5.90%.
Analysts Set New Value Targets
PHM has been the topic of plenty of analysis studies. Oppenheimer dropped their worth goal on shares of PulteGroup from $168.00 to $165.00 and set an “outperform” score for the corporate in a report on Wednesday, October twenty third. Wedbush restated a “impartial” score and issued a $115.00 worth goal on shares of PulteGroup in a report on Tuesday, October twenty second. Wolfe Analysis lower shares of PulteGroup from an “outperform” score to a “peer carry out” score in a report on Wednesday, August 14th. Wells Fargo & Firm lifted their worth goal on shares of PulteGroup from $150.00 to $165.00 and gave the corporate an “chubby” score in a report on Monday, October seventh. Lastly, JPMorgan Chase & Co. lifted their worth goal on shares of PulteGroup from $141.00 to $152.00 and gave the corporate an “chubby” score in a report on Thursday, July twenty fifth. Six funding analysts have rated the inventory with a maintain score and eleven have assigned a purchase score to the inventory. Primarily based on knowledge from MarketBeat.com, PulteGroup has a consensus score of “Reasonable Purchase” and a consensus worth goal of $145.00.
Learn Our Newest Inventory Report on PHM
Insider Exercise at PulteGroup
In different PulteGroup information, Director Thomas J. Folliard bought 19,000 shares of the enterprise’s inventory in a transaction on Wednesday, August twenty eighth. The shares have been bought at a mean worth of $131.14, for a complete worth of $2,491,660.00. Following the transaction, the director now straight owns 45,230 shares of the corporate’s inventory, valued at roughly $5,931,462.20. The commerce was a 29.58 % lower of their place. The sale was disclosed in a submitting with the SEC, which may be accessed by way of the SEC web site. Additionally, CFO Robert Oshaughnessy bought 71,007 shares of the enterprise’s inventory in a transaction on Friday, August twenty third. The shares have been bought at a mean worth of $134.83, for a complete transaction of $9,573,873.81. Following the completion of the transaction, the chief monetary officer now straight owns 89,323 shares within the firm, valued at $12,043,420.09. This represents a 44.29 % lower of their possession of the inventory. The disclosure for this sale may be discovered right here. 0.83% of the inventory is owned by insiders.
PulteGroup Firm Profile
PulteGroup, Inc, by way of its subsidiaries, primarily engages within the homebuilding enterprise in the US. It acquires and develops land primarily for residential functions; and constructs housing on such land. The corporate additionally gives varied dwelling designs, together with single-family indifferent, townhomes, condominiums, and duplexes underneath the Centex, Pulte Properties, Del Webb, DiVosta Properties, John Wieland Properties and Neighborhoods, and American West model names.
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