Monument Capital Management Has $563,000 Holdings in PulteGroup, Inc. $PHM

Key Points

• Monument Capital Management significantly reduced its holdings in PulteGroup, Inc., cutting its shares by 87.4% to 5,339 shares worth $563,000 in the latest quarter.
• Several institutional investors, including REAP Financial Group LLC and Hager Investment Management Services LLC, have made increases in their PulteGroup stakes, indicating growing investor interest.
• PulteGroup has received favorable ratings from analysts, with a consensus rating of "Moderate Buy" and an average target price of $136.46.

Monument Capital Management cut its position in shares of PulteGroup, Inc. (NYSE:PHM - Free Report) by 87.4% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,339 shares of the construction company's stock after selling 37,013 shares during the period. Monument Capital Management's holdings in PulteGroup were worth $563,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. WPG Advisers LLC purchased a new stake in shares of PulteGroup during the 1st quarter worth about $25,000. Hager Investment Management Services LLC raised its stake in shares of PulteGroup by 33.3% during the 2nd quarter. Hager Investment Management Services LLC now owns 420 shares of the construction company's stock worth $44,000 after purchasing an additional 105 shares in the last quarter. Catalyst Capital Advisors LLC purchased a new stake in shares of PulteGroup during the 1st quarter worth about $54,000. REAP Financial Group LLC raised its stake in shares of PulteGroup by 188.1% during the 2nd quarter. REAP Financial Group LLC now owns 533 shares of the construction company's stock worth $56,000 after purchasing an additional 348 shares in the last quarter. Finally, Quarry LP raised its stake in shares of PulteGroup by 43.8% during the 1st quarter. Quarry LP now owns 571 shares of the construction company's stock worth $59,000 after purchasing an additional 174 shares in the last quarter. 89.90% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on PHM. Zacks Research raised PulteGroup from a "strong sell" rating to a "hold" rating in a research note on Friday, August 29th. UBS Group raised their price target on PulteGroup from $141.00 to $150.00 and gave the stock a "buy" rating in a research note on Wednesday, July 23rd. Raymond James Financial reissued an "outperform" rating and issued a $140.00 price objective (up from $115.00) on shares of PulteGroup in a research note on Wednesday, July 23rd. Wedbush reissued an "outperform" rating and issued a $150.00 price objective on shares of PulteGroup in a research note on Wednesday, August 13th. Finally, Seaport Res Ptn raised PulteGroup from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, July 22nd. One analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and seven have issued a Hold rating to the stock. Based on data from MarketBeat, PulteGroup presently has a consensus rating of "Moderate Buy" and an average target price of $136.46.

PulteGroup Stock Performance

Shares of NYSE PHM opened at $121.27 on Friday. The company has a quick ratio of 0.77, a current ratio of 0.77 and a debt-to-equity ratio of 0.13. The business's 50 day moving average is $130.46 and its two-hundred day moving average is $112.83. The company has a market cap of $23.93 billion, a P/E ratio of 9.06, a P/E/G ratio of 0.38 and a beta of 1.29. PulteGroup, Inc. has a 12 month low of $88.07 and a 12 month high of $149.47.

PulteGroup (NYSE:PHM - Get Free Report) last announced its quarterly earnings data on Tuesday, July 22nd. The construction company reported $3.03 earnings per share 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 company had revenue of $4.40 billion for the quarter, compared to analyst estimates of $4.42 billion. During the same quarter last year, the firm earned $3.83 EPS. PulteGroup's revenue for the quarter was down 4.3% compared to the same quarter last year. On average, equities analysts expect that PulteGroup, Inc. will post 12.32 EPS for the current year.

PulteGroup Dividend Announcement

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

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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