First Quadrant L P CA Purchases Shares of 5,600 PulteGroup Inc. (PHM)
First Quadrant L P CA bought a new position in PulteGroup Inc. (NYSE:PHM) during the second quarter, Holdings Channel reports. The institutional investor bought 5,600 shares of the company’s stock, valued at approximately $109,000.
Other institutional investors have also modified their holdings of the company. Norges Bank purchased a new position in PulteGroup during the fourth quarter valued at $50,019,000. BB&T Securities LLC increased its position in PulteGroup by 7,606.5% in the first quarter. BB&T Securities LLC now owns 1,917,538 shares of the company’s stock valued at $35,877,000 after buying an additional 1,892,656 shares during the last quarter. Anchor Bolt Capital LP purchased a new position in PulteGroup during the first quarter valued at $18,071,000. 1832 Asset Management L.P. purchased a new position in PulteGroup during the first quarter valued at $27,178,000. Finally, Factory Mutual Insurance Co. increased its position in PulteGroup by 18.6% in the first quarter. Factory Mutual Insurance Co. now owns 2,064,000 shares of the company’s stock valued at $38,617,000 after buying an additional 324,000 shares during the last quarter. 89.07% of the stock is owned by institutional investors and hedge funds.
Shares of PulteGroup Inc. (NYSE:PHM) traded down 1.66% on Friday, reaching $19.57. The company had a trading volume of 4,480,332 shares. The stock has a market capitalization of $6.72 billion, a PE ratio of 12.88 and a beta of 1.59. The company has a 50 day moving average price of $21.20 and a 200 day moving average price of $19.37. PulteGroup Inc. has a 52-week low of $14.61 and a 52-week high of $22.40.
PulteGroup (NYSE:PHM) last posted its quarterly earnings results on Thursday, July 21st. The company reported $0.34 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.32 by $0.02. The company had revenue of $1.80 billion for the quarter, compared to analysts’ expectations of $1.66 billion. PulteGroup had a return on equity of 11.24% and a net margin of 7.89%. The firm’s revenue was up 40.6% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.28 earnings per share. On average, equities research analysts anticipate that PulteGroup Inc. will post $1.61 earnings per share for the current year.
The business also recently declared a quarterly dividend, which will be paid on Tuesday, October 4th. Shareholders of record on Tuesday, September 20th will be issued a $0.09 dividend. The ex-dividend date of this dividend is Friday, September 16th. This represents a $0.36 annualized dividend and a dividend yield of 1.84%. PulteGroup’s dividend payout ratio is currently 23.68%.
PHM has been the subject of several research analyst reports. Deutsche Bank AG reaffirmed a “buy” rating and issued a $27.00 price objective on shares of PulteGroup in a research note on Thursday. Zacks Investment Research raised PulteGroup from a “hold” rating to a “buy” rating and set a $24.00 price objective for the company in a research note on Monday, July 25th. TheStreet raised PulteGroup from a “hold” rating to a “buy” rating in a research note on Tuesday, June 28th. MKM Partners reaffirmed a “hold” rating on shares of PulteGroup in a research note on Wednesday, June 8th. Finally, FBR & Co raised their price objective on PulteGroup from $20.00 to $24.00 and gave the company a “market perform” rating in a research note on Friday, July 22nd. Three analysts have rated the stock with a sell rating, eight have issued a hold rating and eight have assigned a buy rating to the stock. PulteGroup has an average rating of “Hold” and an average price target of C$20.39.
In other PulteGroup news, COO Harmon D. Smith sold 53,582 shares of the company’s stock in a transaction on Tuesday, July 26th. The stock was sold at an average price of C$22.05, for a total value of C$1,181,483.10. Following the transaction, the chief operating officer now owns 313,628 shares of the company’s stock, valued at C$6,915,497.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, EVP Steven M. Cook sold 20,000 shares of the company’s stock in a transaction on Tuesday, July 26th. The shares were sold at an average price of C$22.06, for a total value of C$441,200.00. Following the completion of the transaction, the executive vice president now directly owns 261,626 shares in the company, valued at approximately C$5,771,469.56. The disclosure for this sale can be found here. 1.83% of the stock is owned by company insiders.
PulteGroup Company Profile
PulteGroup, Inc is a homebuilder operating in the United States. The Company, through Pulte Mortgage LLC, is engaged in mortgage banking operations and title operations. The Company’s subsidiaries are also engaged in the homebuilding business. The Company operates through Homebuilding and Financial Services segments.
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