IFM Investors Pty Ltd Acquires 2,431 Shares of PulteGroup, Inc. $PHM

Key Points

• IFM Investors Pty Ltd increased its stake in PulteGroup, Inc. by 5.0% during the second quarter, acquiring an additional 2,431 shares, bringing its total holdings to 50,988 shares valued at $5,377,000.
• PulteGroup recently reported $3.03 earnings per share for the last quarter, exceeding analysts' projections, although quarterly revenue decreased by 4.3% year-over-year.
• The company declared a quarterly dividend of $0.22 per share, providing an annual yield of 0.7%, with the payment scheduled for October 2nd.

IFM Investors Pty Ltd grew its stake in shares of PulteGroup, Inc. (NYSE:PHM - Free Report) by 5.0% in the second quarter, according to its most recent disclosure with the SEC. The fund owned 50,988 shares of the construction company's stock after buying an additional 2,431 shares during the period. IFM Investors Pty Ltd's holdings in PulteGroup were worth $5,377,000 as of its most recent filing with the SEC.

Several other large investors have also recently added to or reduced their stakes in PHM. WPG Advisers LLC acquired a new position in PulteGroup during the first quarter valued at approximately $25,000. Ameriflex Group Inc. bought a new position in PulteGroup in the 4th quarter valued at $37,000. American National Bank & Trust bought a new position in PulteGroup during the first quarter valued at approximately $39,000. Catalyst Capital Advisors LLC purchased a new stake in PulteGroup during the 1st quarter valued at $54,000. Finally, Quarry LP raised its stake in PulteGroup by 43.8% in the first quarter. Quarry LP now owns 571 shares of the construction company's stock worth $59,000 after buying an additional 174 shares in the last quarter. 89.90% of the stock is owned by institutional investors.

PulteGroup Stock Down 2.0%

PHM traded down $2.65 on Monday, reaching $129.25. The company's stock had a trading volume of 2,172,513 shares, compared to its average volume of 2,087,894. The stock has a market cap of $25.50 billion, a price-to-earnings ratio of 9.66, a price-to-earnings-growth ratio of 0.39 and a beta of 1.26. The business's 50 day moving average is $125.86 and its 200 day moving average is $110.50. PulteGroup, Inc. has a 1 year low of $88.07 and a 1 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.

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

PulteGroup Dividend Announcement

The business also recently declared 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

A number of equities research analysts have issued reports on the company. Wedbush restated an "outperform" rating and set a $150.00 price target on shares of PulteGroup in a research note on Wednesday, August 13th. Raymond James Financial reissued an "outperform" rating and set a $140.00 target price (up previously from $115.00) on shares of PulteGroup in a research report on Wednesday, July 23rd. JPMorgan Chase & Co. upped their price target on shares of PulteGroup from $121.00 to $123.00 and gave the company an "overweight" rating in a research note on Wednesday, July 23rd. Wells Fargo & Company increased their target price on shares of PulteGroup from $135.00 to $150.00 and gave the stock an "overweight" rating in a research note on Tuesday, September 2nd. Finally, Citigroup raised their price objective on shares of PulteGroup from $128.00 to $132.00 and gave the stock a "neutral" rating in a research report on Wednesday, July 23rd. One analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and five have issued a Hold rating to the company's stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $136.46.

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.