Swedbank AB Acquires 30,990 Shares of PulteGroup, Inc. $PHM

Key Points

• Swedbank AB increased its stake in PulteGroup, Inc. by 5.5% in the second quarter, owning a total of 590,327 shares valued at approximately $62.26 million.
• PulteGroup reported an EPS of $3.03 in its latest quarterly earnings, surpassing analyst expectations, though its revenue was down 4.3% year-over-year at $4.40 billion.
• The company declared a quarterly dividend of $0.22 to be paid on October 2nd, representing an annual yield of 0.7% and a dividend payout ratio of 6.58%.

Swedbank AB lifted its position in PulteGroup, Inc. (NYSE:PHM - Free Report) by 5.5% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 590,327 shares of the construction company's stock after purchasing an additional 30,990 shares during the quarter. Swedbank AB owned about 0.29% of PulteGroup worth $62,256,000 at the end of the most recent reporting period.

Other hedge funds also recently added to or reduced their stakes in the company. Merit Financial Group LLC increased its stake 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 during the last quarter. Vest Financial LLC grew its holdings in shares of PulteGroup by 1,311.3% during the 1st quarter. Vest Financial LLC now owns 312,723 shares of the construction company's stock worth $32,148,000 after purchasing an additional 290,564 shares in the last quarter. Hudson Capital Management LLC raised its position in PulteGroup by 8.6% in the 1st quarter. Hudson Capital Management LLC now owns 41,305 shares of the construction company's stock valued at $4,246,000 after purchasing an additional 3,266 shares during the last quarter. NBC Securities Inc. grew its stake in PulteGroup by 103,800.0% in the first quarter. NBC Securities Inc. now owns 5,195 shares of the construction company's stock valued at $534,000 after acquiring an additional 5,190 shares during the period. Finally, Reyes Financial Architecture Inc. raised its holdings in PulteGroup by 42.1% during 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 Price Performance

PHM stock traded down $3.11 during trading on Monday, reaching $128.79. The company's stock had a trading volume of 606,168 shares, compared to its average volume of 2,163,467. 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 company has a market capitalization of $25.41 billion, a P/E ratio of 9.61, a price-to-earnings-growth ratio of 0.39 and a beta of 1.27. PulteGroup, Inc. has a 1 year low of $88.07 and a 1 year high of $149.47. The company's fifty day moving average is $125.53 and its 200-day moving average is $110.35.

PulteGroup (NYSE:PHM - Get Free Report) last issued its quarterly earnings data 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 business had revenue of $4.40 billion during the quarter, compared to the consensus estimate of $4.42 billion. PulteGroup had a net margin of 15.50% and a return on equity of 21.01%. The company's revenue was down 4.3% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $3.83 earnings per share. On average, research analysts expect that PulteGroup, Inc. will post 12.32 earnings per share for the current fiscal year.

PulteGroup Dividend Announcement

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

Analysts Set New Price Targets

PHM has been the subject of a number of research reports. Raymond James Financial reiterated an "outperform" rating and issued a $140.00 price target (up from $115.00) on shares of PulteGroup in a research note on Wednesday, July 23rd. Wedbush restated an "outperform" rating and set a $150.00 price objective on shares of PulteGroup in a research report on Wednesday, August 13th. Royal Bank Of Canada boosted their price objective on shares of PulteGroup from $109.00 to $112.00 and gave the company a "sector perform" rating in a research report on Wednesday, July 23rd. Oppenheimer upped their price target on shares of PulteGroup from $132.00 to $140.00 and gave the company an "outperform" rating in a research note on Wednesday, July 23rd. Finally, JPMorgan Chase & Co. raised their price objective on shares of PulteGroup from $121.00 to $123.00 and gave the stock an "overweight" rating in a research report on Wednesday, July 23rd. One equities research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and five have given a Hold rating to the stock. Based on data from MarketBeat.com, PulteGroup currently has a consensus rating of "Moderate Buy" and a consensus price target 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.