Signal Advisors Wealth LLC Buys 6,082 Shares of PulteGroup, Inc. $PHM

Key Points

• Signal Advisors Wealth LLC increased its shareholding in PulteGroup, Inc. by 194.6%, now owning 9,208 shares valued at approximately $971,000.
• Analysts have upgraded their ratings for PulteGroup, with target prices raised to as high as $150.00, indicating bullish sentiment towards the stock.
• PulteGroup recently announced a quarterly dividend of $0.22 per share, signaling continued returns to shareholders despite a 4.3% decline in revenue year-on-year.

Signal Advisors Wealth LLC boosted its stake in PulteGroup, Inc. (NYSE:PHM - Free Report) by 194.6% during the second quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 9,208 shares of the construction company's stock after buying an additional 6,082 shares during the quarter. Signal Advisors Wealth LLC's holdings in PulteGroup were worth $971,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently bought and sold shares of PHM. Tocqueville Asset Management L.P. lifted its holdings in PulteGroup by 2.0% in the first quarter. Tocqueville Asset Management L.P. now owns 5,062 shares of the construction company's stock worth $520,000 after acquiring an additional 100 shares during the last quarter. Golden State Wealth Management LLC raised its holdings in shares of 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 buying an additional 125 shares during the last quarter. Signaturefd LLC raised its holdings in shares of PulteGroup by 1.9% during the first quarter. Signaturefd LLC now owns 6,644 shares of the construction company's stock valued at $683,000 after buying an additional 127 shares during the last quarter. McGlone Suttner Wealth Management Inc. increased its stake in shares of PulteGroup by 6.3% during the first quarter. McGlone Suttner Wealth Management Inc. now owns 2,234 shares of the construction company's stock valued at $230,000 after acquiring an additional 133 shares during the period. Finally, Kathmere Capital Management LLC increased its stake in shares of PulteGroup by 2.8% during the first quarter. Kathmere Capital Management LLC now owns 5,202 shares of the construction company's stock valued at $535,000 after acquiring an additional 140 shares during the period. Hedge funds and other institutional investors own 89.90% of the company's stock.

Wall Street Analyst Weigh In

Several research analysts have issued reports on PHM shares. UBS Group lifted their price target 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. Oppenheimer boosted their price target on shares of PulteGroup from $132.00 to $140.00 and gave the company an "outperform" rating in a report on Wednesday, July 23rd. Royal Bank Of Canada lifted their price objective on shares of PulteGroup from $109.00 to $112.00 and gave the company a "sector perform" rating in a research note on Wednesday, July 23rd. Zacks Research raised shares of PulteGroup from a "strong sell" rating to a "hold" rating in a research note on Friday, August 29th. Finally, JPMorgan Chase & Co. lifted their price objective 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. One investment analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and five have given a Hold rating to the company. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $136.46.

PulteGroup Price Performance

Shares of NYSE PHM traded down $2.15 during mid-day trading on Friday, hitting $131.95. 5,783,612 shares of the stock were exchanged, compared to its average volume of 1,945,900. The company has a market cap of $26.03 billion, a P/E ratio of 9.86, a PEG ratio of 0.39 and a beta of 1.27. The stock's fifty day simple moving average is $125.53 and its two-hundred day simple moving average is $110.34. The company has a debt-to-equity ratio of 0.13, a quick ratio of 0.77 and a current ratio of 0.77. PulteGroup, Inc. has a twelve month low of $88.07 and a twelve month high of $149.47.

PulteGroup (NYSE:PHM - Get Free Report) last released its quarterly earnings results on Tuesday, July 22nd. The construction company reported $3.03 EPS for the quarter, beating the consensus estimate 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 for the quarter, compared to analysts' expectations of $4.42 billion. During the same period in the prior year, the firm earned $3.83 earnings per share. PulteGroup's revenue was down 4.3% compared to the same quarter last year. As a group, analysts forecast that PulteGroup, Inc. will post 12.32 EPS for the current fiscal year.

PulteGroup Announces Dividend

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 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 is Tuesday, September 16th. PulteGroup's dividend payout ratio is 6.58%.

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.