Shell Asset Management Co. Has $1.90 Million Stock Holdings in PulteGroup, Inc. $PHM

Shell Asset Management Co. increased its holdings in shares of PulteGroup, Inc. (NYSE:PHM - Free Report) by 55.7% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 18,052 shares of the construction company's stock after buying an additional 6,459 shares during the quarter. Shell Asset Management Co.'s holdings in PulteGroup were worth $1,904,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also modified their holdings of the company. Reyes Financial Architecture Inc. grew its holdings in shares of PulteGroup by 42.1% during the first quarter. Reyes Financial Architecture Inc. now owns 770 shares of the construction company's stock valued at $79,000 after buying an additional 228 shares in the last quarter. Xponance Inc. boosted its position in PulteGroup by 38.6% during the first quarter. Xponance Inc. now owns 38,993 shares of the construction company's stock valued at $4,008,000 after purchasing an additional 10,867 shares during the last quarter. Florida Financial Advisors LLC boosted its position in PulteGroup by 30.5% during the first quarter. Florida Financial Advisors LLC now owns 4,832 shares of the construction company's stock valued at $496,000 after purchasing an additional 1,129 shares during the last quarter. Edgestream Partners L.P. boosted its position in PulteGroup by 2,687.0% during the first quarter. Edgestream Partners L.P. now owns 77,310 shares of the construction company's stock valued at $7,947,000 after purchasing an additional 74,536 shares during the last quarter. Finally, Golden State Wealth Management LLC boosted its position in PulteGroup by 15.9% during the first quarter. Golden State Wealth Management LLC now owns 909 shares of the construction company's stock valued at $93,000 after purchasing an additional 125 shares during the last quarter. Hedge funds and other institutional investors own 89.90% of the company's stock.

PulteGroup Trading Down 1.6%

PulteGroup stock opened at $127.51 on Thursday. The company has a debt-to-equity ratio of 0.13, a quick ratio of 0.77 and a current ratio of 0.77. The business's 50-day simple moving average is $130.29 and its 200-day simple moving average is $112.72. The firm has a market capitalization of $25.16 billion, a PE ratio of 9.53, a PEG ratio of 0.38 and a beta of 1.29. PulteGroup, Inc. has a 52 week low of $88.07 and a 52 week high of $149.47.

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. The business had revenue of $4.40 billion for the quarter, compared to analyst estimates 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 in the previous year, the company posted $3.83 earnings per share. Equities research analysts forecast that PulteGroup, Inc. will post 12.32 earnings per share for the current year.

PulteGroup Dividend Announcement

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

Analyst Ratings Changes

A number of analysts recently issued reports on PHM shares. Oppenheimer lifted their price objective on PulteGroup from $132.00 to $140.00 and gave the company an "outperform" rating in a research report on Wednesday, July 23rd. Wells Fargo & Company lifted their price objective on PulteGroup from $135.00 to $150.00 and gave the company an "overweight" rating in a research report on Tuesday, September 2nd. Raymond James Financial reissued an "outperform" rating and set a $140.00 price objective (up previously from $115.00) on shares of PulteGroup in a research report on Wednesday, July 23rd. Wedbush reissued an "outperform" rating and set a $150.00 price objective on shares of PulteGroup in a research report on Wednesday, August 13th. Finally, Royal Bank Of Canada lifted their price objective on PulteGroup from $109.00 to $112.00 and gave the company a "sector perform" rating in a research report on Wednesday, July 23rd. One research 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. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $136.46.

About PulteGroup

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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