Wafra Investment Advisory Group Inc. NY Acquires 50,127 Shares of PulteGroup, Inc. (PHM)

Wafra Investment Advisory Group Inc. NY lifted its holdings in shares of PulteGroup, Inc. (NYSE:PHM) by 7.9% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 685,902 shares of the construction company’s stock after purchasing an additional 50,127 shares during the period. PulteGroup comprises approximately 0.9% of Wafra Investment Advisory Group Inc. NY’s holdings, making the stock its 21st biggest holding. Wafra Investment Advisory Group Inc. NY owned 0.23% of PulteGroup worth $16,825,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of PHM. Tower Research Capital LLC TRC grew its stake in PulteGroup by 3.8% in the 2nd quarter. Tower Research Capital LLC TRC now owns 4,086 shares of the construction company’s stock worth $100,000 after acquiring an additional 148 shares during the period. Ameritas Investment Partners Inc. purchased a new stake in PulteGroup in the 1st quarter worth approximately $155,000. Northwestern Mutual Wealth Management Co. grew its stake in PulteGroup by 7.3% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 6,845 shares of the construction company’s stock worth $168,000 after acquiring an additional 465 shares during the period. QCM Cayman Ltd. purchased a new stake in PulteGroup in the 2nd quarter worth approximately $223,000. Finally, Clinton Group Inc. purchased a new stake in PulteGroup in the 1st quarter worth approximately $232,000. 85.71% of the stock is owned by institutional investors and hedge funds.

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Shares of PulteGroup, Inc. (PHM) traded down 1.58% during mid-day trading on Tuesday, hitting $26.72. 1,875,733 shares of the stock traded hands. The company has a market cap of $8.06 billion, a price-to-earnings ratio of 14.79 and a beta of 1.06. The stock has a 50-day moving average of $26.14 and a 200-day moving average of $24.42. PulteGroup, Inc. has a 52 week low of $17.69 and a 52 week high of $27.76.

PulteGroup (NYSE:PHM) last released its quarterly earnings data on Tuesday, July 25th. The construction company reported $0.47 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.45 by $0.02. The firm had revenue of $2.02 billion for the quarter, compared to analyst estimates of $2.03 billion. PulteGroup had a net margin of 7.35% and a return on equity of 13.43%. The company’s revenue for the quarter was up 12.3% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.37 EPS. Analysts anticipate that PulteGroup, Inc. will post $2.07 EPS for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, October 3rd. Shareholders of record on Tuesday, September 19th were paid a $0.09 dividend. The ex-dividend date of this dividend was Monday, September 18th. This represents a $0.36 annualized dividend and a yield of 1.33%. PulteGroup’s dividend payout ratio is presently 20.00%.

PHM has been the subject of several recent analyst reports. Zacks Investment Research raised shares of PulteGroup from a “hold” rating to a “buy” rating and set a $27.00 target price for the company in a research note on Tuesday, July 4th. Bank of America Corporation reaffirmed a “buy” rating and issued a $30.00 target price (up from $29.00) on shares of PulteGroup in a research note on Tuesday, June 27th. BidaskClub cut shares of PulteGroup from a “strong-buy” rating to a “buy” rating in a research note on Thursday, July 13th. Royal Bank Of Canada reaffirmed a “buy” rating and issued a $28.00 target price on shares of PulteGroup in a research note on Monday, September 25th. Finally, Barclays PLC cut shares of PulteGroup from an “overweight” rating to an “equal weight” rating and set a $24.00 target price for the company. in a research note on Tuesday, July 11th. They noted that the move was a valuation call. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average target price of $25.45.

PulteGroup Company Profile

PulteGroup, Inc is a homebuilder in the United States. The Company’s segments include Homebuilding and Financial Services. Its Homebuilding operations are engaged in the acquisition and development of land primarily for residential purposes within the United States and the construction of housing on such land.

Institutional Ownership by Quarter for PulteGroup (NYSE:PHM)

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