Dimensional Fund Advisors LP Has $288.98 Million Holdings in PulteGroup, Inc. (PHM)
Dimensional Fund Advisors LP grew its holdings in shares of PulteGroup, Inc. (NYSE:PHM) by 0.6% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 10,574,407 shares of the construction company’s stock after purchasing an additional 67,782 shares during the period. Dimensional Fund Advisors LP owned approximately 3.60% of PulteGroup worth $288,984,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also added to or reduced their stakes in PHM. Tower Research Capital LLC TRC increased its position in PulteGroup by 3.8% during the 2nd quarter. Tower Research Capital LLC TRC now owns 4,086 shares of the construction company’s stock worth $100,000 after purchasing an additional 148 shares during the period. Northwestern Mutual Wealth Management Co. increased its position in PulteGroup by 7.3% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 6,845 shares of the construction company’s stock worth $168,000 after purchasing an additional 465 shares during the period. Koch Industries Inc. acquired a new position in PulteGroup during the 2nd quarter worth approximately $220,000. QCM Cayman Ltd. acquired a new position in PulteGroup during the 2nd quarter worth approximately $223,000. Finally, Timber Hill LLC acquired a new position in PulteGroup during the 3rd quarter worth approximately $226,000. Institutional investors own 84.80% of the company’s stock.
In related news, insider James R. Ellinghausen sold 67,490 shares of the company’s stock in a transaction that occurred on Monday, November 20th. The stock was sold at an average price of $32.35, for a total value of $2,183,301.50. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider James R. Ellinghausen sold 136,912 shares of the company’s stock in a transaction that occurred on 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 directly owns 294,369 shares in the company, valued at approximately $8,742,759.30. The disclosure for this sale can be found here. 0.71% of the stock is currently owned by corporate insiders.
Shares of PulteGroup, Inc. (NYSE:PHM) opened at $34.10 on Friday. The firm has a market capitalization of $10,024.31, a P/E ratio of 16.63, a P/E/G ratio of 0.91 and a beta of 1.21. The company has a quick ratio of 0.25, a current ratio of 0.25 and a debt-to-equity ratio of 0.72. PulteGroup, Inc. has a fifty-two week low of $18.18 and a fifty-two week high of $34.60.
PulteGroup (NYSE:PHM) last released its quarterly earnings results on Tuesday, October 24th. The construction company reported $0.60 earnings per share for the quarter, topping analysts’ consensus estimates of $0.59 by $0.01. The business had revenue of $2.13 billion for the quarter, compared to analysts’ expectations of $2.30 billion. PulteGroup had a return on equity of 14.38% and a net margin of 7.77%. The company’s revenue was up 9.6% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.43 EPS. analysts expect that PulteGroup, Inc. will post 2.2 earnings per share for the current year.
The company also recently declared a quarterly dividend, which will be paid on Wednesday, January 3rd. Investors of record on Tuesday, December 12th will be issued a $0.09 dividend. This represents a $0.36 dividend on an annualized basis and a dividend yield of 1.06%. The ex-dividend date is Monday, December 11th. PulteGroup’s dividend payout ratio is currently 17.91%.
Several equities analysts have issued reports on PHM shares. Zacks Investment Research upgraded PulteGroup from a “hold” rating to a “buy” rating and set a $33.00 target price on the stock in a research report on Friday, October 27th. Credit Suisse Group set a $35.00 target price on PulteGroup and gave the stock a “buy” rating in a research report on Tuesday, October 24th. Citigroup cut PulteGroup from a “neutral” rating to a “sell” rating and set a $26.00 target price on the stock. in a research report on Friday, October 20th. MKM Partners reiterated a “neutral” rating on shares of PulteGroup in a research report on Tuesday, September 5th. Finally, KeyCorp reiterated a “hold” rating on shares of PulteGroup in a research report on Wednesday, November 1st. Two investment analysts have rated the stock with a sell rating, eight have issued a hold rating, six have issued a buy rating and one has given a strong buy rating to the stock. PulteGroup currently has a consensus rating of “Hold” and a consensus price target of $29.92.
ILLEGAL ACTIVITY WARNING: This piece of content was first published by Watch List News and is the property of of Watch List News. If you are viewing this piece of content on another site, it was copied illegally and reposted in violation of US and international copyright laws. The legal version of this piece of content can be read at https://www.watchlistnews.com/dimensional-fund-advisors-lp-has-288-98-million-holdings-in-pultegroup-inc-phm/1755709.html.
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.
Receive News & Ratings for PulteGroup Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for PulteGroup Inc. and related companies with MarketBeat.com's FREE daily email newsletter.