Commons Capital LLC Has $1.28 Million Stock Holdings in PulteGroup, Inc. $PHM

Key Points

• Commons Capital LLC has reduced its holdings in PulteGroup, Inc. by 31.6%, owning now 12,140 shares valued at approximately $1.28 million.
• PulteGroup's latest quarterly earnings report showed an EPS of $3.03, exceeding analysts' expectations of $2.92, despite a 4.3% year-over-year revenue decline.
• Several brokerages have upgraded their price targets for PulteGroup, with Wells Fargo raising their target to $150.00 and maintaining an "overweight" rating.

Commons Capital LLC lessened its holdings in shares of PulteGroup, Inc. (NYSE:PHM - Free Report) by 31.6% in the second quarter, according to its most recent filing with the SEC. The firm owned 12,140 shares of the construction company's stock after selling 5,620 shares during the period. PulteGroup accounts for 1.0% of Commons Capital LLC's portfolio, making the stock its 23rd largest position. Commons Capital LLC's holdings in PulteGroup were worth $1,280,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. JPMorgan Chase & Co. grew its holdings in shares of PulteGroup by 40.3% in the 1st quarter. JPMorgan Chase & Co. now owns 3,486,330 shares of the construction company's stock valued at $358,395,000 after buying an additional 1,001,290 shares during the period. Ameriprise Financial Inc. grew its holdings in shares of PulteGroup by 11.8% in the 1st quarter. Ameriprise Financial Inc. now owns 2,570,022 shares of the construction company's stock valued at $264,216,000 after buying an additional 271,917 shares during the period. Nuveen LLC acquired a new position in shares of PulteGroup in the 1st quarter valued at $213,092,000. Price T Rowe Associates Inc. MD grew its holdings in shares of PulteGroup by 21.2% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 1,579,792 shares of the construction company's stock valued at $162,403,000 after buying an additional 276,077 shares during the period. Finally, Victory Capital Management Inc. grew its holdings in shares of PulteGroup by 25.6% in the 1st quarter. Victory Capital Management Inc. now owns 1,397,409 shares of the construction company's stock valued at $143,654,000 after buying an additional 284,627 shares during the period. Institutional investors and hedge funds own 89.90% of the company's stock.

PulteGroup Trading Down 0.1%

PulteGroup stock opened at $124.73 on Thursday. The firm has a 50-day moving average of $130.70 and a 200-day moving average of $113.33. PulteGroup, Inc. has a one year low of $88.07 and a one year high of $149.47. The company has a debt-to-equity ratio of 0.13, a current ratio of 0.77 and a quick ratio of 0.77. The company has a market cap of $24.61 billion, a price-to-earnings ratio of 9.32, a P/E/G ratio of 0.37 and a beta of 1.29.

PulteGroup (NYSE:PHM - Get Free Report) last posted its quarterly earnings data on Tuesday, July 22nd. The construction company reported $3.03 EPS for the quarter, topping 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 company had revenue of $4.40 billion during the quarter, compared to the consensus estimate of $4.42 billion. During the same period in the prior year, the business posted $3.83 EPS. The company's quarterly 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 Dividend Announcement

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

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on PHM. Wells Fargo & Company boosted their price objective on shares of PulteGroup from $135.00 to $150.00 and gave the company an "overweight" rating in a research report on Tuesday, September 2nd. Citigroup boosted their price objective on shares of PulteGroup from $132.00 to $143.00 and gave the company a "neutral" rating in a research report on Wednesday, October 1st. Zacks Research raised shares of PulteGroup from a "strong sell" rating to a "hold" rating in a research report on Friday, August 29th. JPMorgan Chase & Co. boosted their price objective on shares of PulteGroup from $121.00 to $123.00 and gave the company an "overweight" rating in a research report on Wednesday, July 23rd. Finally, Wedbush reaffirmed an "outperform" rating and issued a $150.00 price objective on shares of PulteGroup in a research report on Wednesday, August 13th. One investment analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and seven have given a Hold rating to the stock. Based on data from MarketBeat, PulteGroup currently has an average rating of "Moderate Buy" and an average price target of $136.92.

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.

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