Edmond DE Rothschild Holding S.A. Buys 18,281 Shares of PulteGroup, Inc. $PHM

Key Points

• Edmond DE Rothschild Holding S.A. increased its stake in PulteGroup by 7.4% during the first quarter, owning approximately 0.13% of the company valued at $27.24 million.
• PulteGroup reported an earnings per share (EPS) of $3.03 for the last quarter, exceeding analysts' expectations of $2.92, despite a 4.3% year-over-year revenue decline.
• The company recently announced a quarterly dividend of $0.22 per share, with an annualized yield of 0.7%, to be paid on October 2nd.

Edmond DE Rothschild Holding S.A. grew its stake in shares of PulteGroup, Inc. (NYSE:PHM - Free Report) by 7.4% during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 265,000 shares of the construction company's stock after acquiring an additional 18,281 shares during the period. Edmond DE Rothschild Holding S.A. owned 0.13% of PulteGroup worth $27,242,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Merit Financial Group LLC grew its holdings in shares of PulteGroup by 20.5% during the 1st quarter. Merit Financial Group LLC now owns 15,388 shares of the construction company's stock valued at $1,582,000 after acquiring an additional 2,613 shares in the last quarter. Vest Financial LLC grew its position in PulteGroup by 1,311.3% in the first quarter. Vest Financial LLC now owns 312,723 shares of the construction company's stock worth $32,148,000 after acquiring an additional 290,564 shares in the last quarter. Hudson Capital Management LLC grew its position in PulteGroup by 8.6% in the first quarter. Hudson Capital Management LLC now owns 41,305 shares of the construction company's stock worth $4,246,000 after acquiring an additional 3,266 shares in the last quarter. NBC Securities Inc. grew its position in PulteGroup by 103,800.0% in the first quarter. NBC Securities Inc. now owns 5,195 shares of the construction company's stock worth $534,000 after acquiring an additional 5,190 shares in the last quarter. Finally, Reyes Financial Architecture Inc. grew its position in PulteGroup by 42.1% in the first quarter. Reyes Financial Architecture Inc. now owns 770 shares of the construction company's stock worth $79,000 after acquiring an additional 228 shares in the last quarter. 89.90% of the stock is currently owned by hedge funds and other institutional investors.

PulteGroup Stock Performance

PulteGroup stock traded up $2.92 on Friday, reaching $140.53. 2,189,499 shares of the stock were exchanged, compared to its average volume of 1,902,655. The stock has a market cap of $27.73 billion, a PE ratio of 10.50, a PEG ratio of 0.41 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. PulteGroup, Inc. has a twelve month low of $88.07 and a twelve month high of $149.47. The firm has a fifty day moving average price of $120.49 and a two-hundred day moving average price of $108.12.

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

PulteGroup Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, October 2nd. Shareholders of record on Tuesday, September 16th will be issued 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 yield of 0.6%. PulteGroup's dividend payout ratio is 6.58%.

Analyst Ratings Changes

Several analysts have commented on PHM shares. Wedbush reissued an "outperform" rating and issued a $150.00 target price on shares of PulteGroup in a research report on Wednesday, August 13th. UBS Group boosted their target price on shares of PulteGroup from $141.00 to $150.00 and gave the stock a "buy" rating in a research report on Wednesday, July 23rd. Raymond James Financial reissued an "outperform" rating and issued a $140.00 target price (up from $115.00) on shares of PulteGroup in a research report on Wednesday, July 23rd. Wells Fargo & Company boosted their target price on shares of PulteGroup from $135.00 to $150.00 and gave the stock an "overweight" rating in a research report on Tuesday, September 2nd. Finally, Royal Bank Of Canada boosted their target price on shares of PulteGroup from $109.00 to $112.00 and gave the stock a "sector perform" rating in a research report on Wednesday, July 23rd. One research analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and five have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock has an average 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.