Farther Finance Advisors LLC Purchases 2,873 Shares of PulteGroup, Inc. $PHM

Key Points

• Farther Finance Advisors LLC increased its stake in PulteGroup, Inc. by 83.8%, acquiring an additional 2,873 shares, bringing their total holdings to 6,303 shares valued at approximately $665,000.
• PulteGroup reported an earnings per share of $3.03 for the last quarter, exceeding analyst estimates of $2.92, despite a 4.3% decline in revenue year-over-year.
• The company announced a quarterly dividend of $0.22 per share, scheduled to be paid on October 2nd, representing an annualized yield of 0.7%.

Farther Finance Advisors LLC lifted its position in PulteGroup, Inc. (NYSE:PHM - Free Report) by 83.8% during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 6,303 shares of the construction company's stock after buying an additional 2,873 shares during the period. Farther Finance Advisors LLC's holdings in PulteGroup were worth $665,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently made changes to their positions in PHM. Two Sigma Investments LP bought a new position in shares of PulteGroup in the fourth quarter worth approximately $3,110,000. Two Sigma Advisers LP bought a new position in shares of PulteGroup in the fourth quarter worth approximately $915,000. Universal Beteiligungs und Servicegesellschaft mbH bought a new position in shares of PulteGroup in the fourth quarter worth approximately $16,223,000. Siemens Fonds Invest GmbH lifted its stake in shares of PulteGroup by 99.4% in the fourth quarter. Siemens Fonds Invest GmbH now owns 4,591 shares of the construction company's stock worth $500,000 after buying an additional 2,289 shares in the last quarter. Finally, 111 Capital purchased a new position in shares of PulteGroup during the fourth quarter valued at approximately $240,000. Institutional investors own 89.90% of the company's stock.

PulteGroup Stock Up 1.9%

Shares of PHM stock opened at $131.21 on Friday. PulteGroup, Inc. has a 12 month low of $88.07 and a 12 month high of $149.47. The stock has a market cap of $25.89 billion, a P/E ratio of 9.81, a P/E/G ratio of 0.38 and a beta of 1.27. The company has a current ratio of 0.77, a quick ratio of 0.77 and a debt-to-equity ratio of 0.13. The company has a 50 day simple moving average of $127.56 and a two-hundred day simple moving average of $111.09.

PulteGroup (NYSE:PHM - Get Free Report) last announced its earnings results on Tuesday, July 22nd. The construction company reported $3.03 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 analysts' expectations of $4.42 billion. During the same period in the prior year, the company earned $3.83 earnings per share. The firm's revenue was down 4.3% on a year-over-year basis. On average, research analysts expect that PulteGroup, Inc. will post 12.32 earnings per share for the current year.

PulteGroup Announces Dividend

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

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on PHM shares. Oppenheimer boosted their price objective on shares of PulteGroup from $132.00 to $140.00 and gave the company an "outperform" rating in a report on Wednesday, July 23rd. 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 report on Tuesday, September 2nd. Royal Bank Of Canada boosted their price objective on shares of PulteGroup from $109.00 to $112.00 and gave the company a "sector perform" rating in a report on Wednesday, July 23rd. UBS Group boosted their price objective on shares of PulteGroup from $141.00 to $150.00 and gave the company a "buy" rating in a report on Wednesday, July 23rd. Finally, Zacks Research raised shares of PulteGroup from a "strong sell" rating to a "hold" rating in a report on Friday, August 29th. One equities research analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and five have given a Hold rating to the company. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $136.46.

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.

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