13,013 Shares in PulteGroup, Inc. $PHM Acquired by MOKAN Wealth Management Inc.

Key Points

• MOKAN Wealth Management Inc. has acquired 13,013 shares of PulteGroup, Inc., valued at approximately $1,372,000, marking a significant investment in the construction company.
• PulteGroup reported earnings of $3.03 per share for the last quarter, exceeding estimates, despite a 4.3% decrease in revenue compared to the previous year.
• The company recently announced a quarterly dividend of $0.22 per share, with an annualized yield of 0.7% and a dividend payout ratio of 6.58%.

MOKAN Wealth Management Inc. purchased a new position in shares of PulteGroup, Inc. (NYSE:PHM - Free Report) in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 13,013 shares of the construction company's stock, valued at approximately $1,372,000.

Other large investors have also recently made changes to their positions in the company. Reyes Financial Architecture Inc. increased its position in shares of PulteGroup by 42.1% during the first quarter. Reyes Financial Architecture Inc. now owns 770 shares of the construction company's stock worth $79,000 after purchasing an additional 228 shares in the last quarter. Xponance Inc. increased its position in shares of PulteGroup by 38.6% during the first quarter. Xponance Inc. now owns 38,993 shares of the construction company's stock worth $4,008,000 after purchasing an additional 10,867 shares in the last quarter. Florida Financial Advisors LLC increased its position in shares of PulteGroup by 30.5% during the first quarter. Florida Financial Advisors LLC now owns 4,832 shares of the construction company's stock worth $496,000 after purchasing an additional 1,129 shares in the last quarter. Edgestream Partners L.P. increased its position in shares of PulteGroup by 2,687.0% during the first quarter. Edgestream Partners L.P. now owns 77,310 shares of the construction company's stock worth $7,947,000 after purchasing an additional 74,536 shares in the last quarter. Finally, Golden State Wealth Management LLC increased its position in shares of PulteGroup by 15.9% during the first quarter. Golden State Wealth Management LLC now owns 909 shares of the construction company's stock worth $93,000 after purchasing an additional 125 shares in the last quarter. 89.90% of the stock is currently owned by hedge funds and other institutional investors.

PulteGroup Stock Performance

NYSE PHM opened at $119.92 on Monday. The stock has a market cap of $23.66 billion, a PE ratio of 8.96, a P/E/G ratio of 0.35 and a beta of 1.29. The company has a current ratio of 0.77, a quick ratio of 0.77 and a debt-to-equity ratio of 0.13. PulteGroup, Inc. has a twelve month low of $88.07 and a twelve month high of $149.47. The stock has a fifty day simple moving average of $130.52 and a 200-day simple moving average of $113.04.

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

PulteGroup Dividend Announcement

The company 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. The ex-dividend date of this dividend was Tuesday, September 16th. This represents a $0.88 annualized dividend and a yield of 0.7%. PulteGroup's dividend payout ratio is presently 6.58%.

Analyst Ratings Changes

Several analysts have issued reports on the company. Seaport Res Ptn upgraded PulteGroup from a "hold" rating to a "strong-buy" rating in a report on Tuesday, July 22nd. Oppenheimer upped their target price on PulteGroup from $132.00 to $140.00 and gave the company an "outperform" rating in a report on Wednesday, July 23rd. Raymond James Financial restated an "outperform" rating and issued a $140.00 target price (up from $115.00) on shares of PulteGroup in a report on Wednesday, July 23rd. Bank of America dropped their target price on PulteGroup from $145.00 to $140.00 and set a "buy" rating for the company in a report on Friday. Finally, JPMorgan Chase & Co. upped their target price on PulteGroup from $121.00 to $123.00 and gave the company an "overweight" rating in a report on Wednesday, July 23rd. One equities research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and seven have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $136.92.

About PulteGroup

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.

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