Alpine Woods Capital Investors LLC cut its position in PulteGroup, Inc. (NYSE:PHM) by 26.9% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 55,358 shares of the construction company’s stock after selling 20,400 shares during the period. Alpine Woods Capital Investors LLC’s holdings in PulteGroup were worth $1,513,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also recently made changes to their positions in the company. Flinton Capital Management LLC increased its stake in shares of PulteGroup by 0.4% in the second quarter. Flinton Capital Management LLC now owns 12,288 shares of the construction company’s stock worth $302,000 after purchasing an additional 48 shares in the last quarter. Tower Research Capital LLC TRC grew its stake in PulteGroup by 3.8% during the second quarter. Tower Research Capital LLC TRC now owns 4,086 shares of the construction company’s stock valued at $100,000 after acquiring an additional 148 shares in the last quarter. Riverhead Capital Management LLC grew its stake in PulteGroup by 1.2% during the second quarter. Riverhead Capital Management LLC now owns 13,673 shares of the construction company’s stock valued at $336,000 after acquiring an additional 159 shares in the last quarter. McKinley Carter Wealth Services Inc. grew its stake in PulteGroup by 1.7% during the second quarter. McKinley Carter Wealth Services Inc. now owns 10,417 shares of the construction company’s stock valued at $256,000 after acquiring an additional 172 shares in the last quarter. Finally, Dumont & Blake Investment Advisors LLC grew its stake in PulteGroup by 0.4% during the second quarter. Dumont & Blake Investment Advisors LLC now owns 39,600 shares of the construction company’s stock valued at $971,000 after acquiring an additional 175 shares in the last quarter. 84.22% of the stock is owned by hedge funds and other institutional investors.

PulteGroup, Inc. (PHM) traded up $0.20 during mid-day trading on Tuesday, reaching $32.45. 6,275,100 shares of the company’s stock traded hands, compared to its average volume of 5,086,560. PulteGroup, Inc. has a fifty-two week low of $18.18 and a fifty-two week high of $32.80. The company has a quick ratio of 0.25, a current ratio of 0.25 and a debt-to-equity ratio of 0.72. The company has a market capitalization of $9,540.00, a price-to-earnings ratio of 15.73, a P/E/G ratio of 0.94 and a beta of 1.17.

PulteGroup (NYSE:PHM) last released its quarterly earnings data on Tuesday, October 24th. The construction company reported $0.60 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.59 by $0.01. PulteGroup had a net margin of 7.77% and a return on equity of 14.38%. The business had revenue of $2.13 billion during the quarter, compared to analyst estimates of $2.30 billion. During the same quarter last year, the business earned $0.43 earnings per share. PulteGroup’s quarterly revenue was up 9.6% compared to the same quarter last year. research analysts anticipate that PulteGroup, Inc. will post 2.18 EPS for the current fiscal year.

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In other news, insider James R. Ellinghausen sold 136,912 shares of the firm’s stock in a transaction dated Friday, October 27th. The shares were sold at an average price of $29.70, for a total value of $4,066,286.40. Following the completion of the sale, the insider now owns 294,369 shares in the company, valued at approximately $8,742,759.30. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider James R. Ellinghausen sold 67,490 shares of the firm’s stock in a transaction dated Monday, November 20th. The stock was sold at an average price of $32.35, for a total transaction of $2,183,301.50. The disclosure for this sale can be found here. 0.71% of the stock is owned by company insiders.

Several equities analysts recently weighed in on the stock. Buckingham Research cut shares of PulteGroup from a “buy” rating to a “neutral” rating and set a $33.00 target price for the company. in a research note on Tuesday, November 14th. B. Riley reaffirmed a “buy” rating on shares of PulteGroup in a research note on Wednesday, November 1st. KeyCorp reaffirmed a “hold” rating on shares of PulteGroup in a research note on Wednesday, November 1st. Zacks Investment Research cut shares of PulteGroup from a “buy” rating to a “hold” rating in a research note on Monday, October 30th. Finally, Barclays PLC set a $26.00 target price on shares of PulteGroup and gave the company a “hold” rating in a research note on Wednesday, October 25th. Two research analysts have rated the stock with a sell rating, eight have issued a hold rating, six have issued a buy rating and one has issued a strong buy rating to the stock. PulteGroup currently has an average rating of “Hold” and an average price target of $29.92.

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.

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Institutional Ownership by Quarter for PulteGroup (NYSE:PHM)

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