Mitsubishi UFJ Trust & Banking Corp Decreases Stock Holdings in PulteGroup, Inc. $PHM

Mitsubishi UFJ Trust & Banking Corp lessened its holdings in PulteGroup, Inc. (NYSE:PHM) by 11.2% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 225,063 shares of the construction company’s stock after selling 28,396 shares during the period. Mitsubishi UFJ Trust & Banking Corp’s holdings in PulteGroup were worth $23,735,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. WPG Advisers LLC purchased a new stake in PulteGroup during the 1st quarter worth $25,000. Hager Investment Management Services LLC lifted its stake in shares of PulteGroup by 33.3% during the second quarter. Hager Investment Management Services LLC now owns 420 shares of the construction company’s stock worth $44,000 after purchasing an additional 105 shares in the last quarter. REAP Financial Group LLC boosted its position in shares of PulteGroup by 188.1% in the second quarter. REAP Financial Group LLC now owns 533 shares of the construction company’s stock worth $56,000 after buying an additional 348 shares during the period. Quarry LP grew its stake in shares of PulteGroup by 43.8% in the first quarter. Quarry LP now owns 571 shares of the construction company’s stock valued at $59,000 after buying an additional 174 shares in the last quarter. Finally, Hantz Financial Services Inc. raised its holdings in shares of PulteGroup by 102.2% during the 2nd quarter. Hantz Financial Services Inc. now owns 922 shares of the construction company’s stock valued at $97,000 after buying an additional 466 shares during the period. Institutional investors and hedge funds own 89.90% of the company’s stock.

PulteGroup Stock Down 0.2%

PHM stock opened at $118.21 on Friday. The company has a current ratio of 0.81, a quick ratio of 0.81 and a debt-to-equity ratio of 0.13. The firm has a 50 day simple moving average of $126.67 and a 200-day simple moving average of $116.92. The company has a market capitalization of $23.04 billion, a P/E ratio of 9.10, a PEG ratio of 0.95 and a beta of 1.25. PulteGroup, Inc. has a twelve month low of $88.07 and a twelve month high of $142.11.

PulteGroup (NYSE:PHM) last posted its quarterly earnings data on Tuesday, October 21st. The construction company reported $2.96 EPS for the quarter, beating analysts’ consensus estimates of $2.86 by $0.10. The firm had revenue of $4.40 billion for the quarter, compared to the consensus estimate of $4.31 billion. PulteGroup had a net margin of 14.93% and a return on equity of 19.58%. The firm’s revenue was down 1.6% compared to the same quarter last year. During the same period in the prior year, the firm posted $3.35 EPS. On average, equities research analysts predict that PulteGroup, Inc. will post 12.32 earnings per share for the current fiscal 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 $0.22 dividend. This represents a $0.88 dividend on an annualized basis and a yield of 0.7%. The ex-dividend date was Tuesday, September 16th. PulteGroup’s dividend payout ratio (DPR) is 6.77%.

Analyst Ratings Changes

A number of equities analysts have weighed in on the company. Weiss Ratings restated a “hold (c+)” rating on shares of PulteGroup in a report on Thursday. 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. JPMorgan Chase & Co. upped their target price 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. Royal Bank Of Canada lifted their price target on shares of PulteGroup from $109.00 to $112.00 and gave the stock a “sector perform” rating in a research note on Wednesday, July 23rd. Finally, Oppenheimer boosted their price objective on shares of PulteGroup from $132.00 to $140.00 and gave the stock an “outperform” rating in a report on Wednesday, July 23rd. One equities research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and seven have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $133.67.

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.