PulteGroup, Inc. (PHM) Holdings Trimmed by Chartwell Investment Partners LLC
Chartwell Investment Partners LLC reduced its stake in shares of PulteGroup, Inc. (NYSE:PHM) by 43.8% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 17,975 shares of the construction company’s stock after selling 13,995 shares during the quarter. Chartwell Investment Partners LLC’s holdings in PulteGroup were worth $491,000 as of its most recent filing with the Securities and Exchange Commission.
Other institutional investors and hedge funds also recently modified their holdings of the company. Achmea Investment Management B.V. acquired a new position in PulteGroup during the second quarter worth about $253,000. Peloton Wealth Strategists grew its position in PulteGroup by 4.7% during the second quarter. Peloton Wealth Strategists now owns 89,700 shares of the construction company’s stock worth $2,200,000 after buying an additional 4,000 shares during the period. Aviva PLC grew its position in PulteGroup by 9.5% during the second quarter. Aviva PLC now owns 179,277 shares of the construction company’s stock worth $4,399,000 after buying an additional 15,540 shares during the period. Mirador Capital Partners LP grew its position in PulteGroup by 3.7% during the second quarter. Mirador Capital Partners LP now owns 48,655 shares of the construction company’s stock worth $1,246,000 after buying an additional 1,728 shares during the period. Finally, HAP Trading LLC grew its position in PulteGroup by 26.7% during the second quarter. HAP Trading LLC now owns 96,520 shares of the construction company’s stock worth $2,368,000 after buying an additional 20,336 shares during the period. Institutional investors own 84.22% of the company’s stock.
PulteGroup, Inc. (PHM) traded up $0.31 during mid-day trading on Monday, hitting $33.15. 1,626,500 shares of the stock traded hands, compared to its average volume of 5,067,067. The firm has a market capitalization of $9,745.04, a price-to-earnings ratio of 16.17, a PEG ratio of 0.97 and a beta of 1.18. PulteGroup, Inc. has a twelve month low of $18.18 and a twelve month high of $33.25. 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 (NYSE:PHM) last announced its quarterly earnings data on Tuesday, October 24th. The construction company reported $0.60 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.59 by $0.01. The business had revenue of $2.13 billion for the quarter, compared to the consensus estimate of $2.30 billion. PulteGroup had a net margin of 7.77% and a return on equity of 14.38%. The company’s quarterly 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 earnings per share. sell-side analysts expect that PulteGroup, Inc. will post 2.18 EPS for the current year.
Several brokerages have weighed in on PHM. Buckingham Research lowered shares of PulteGroup from a “buy” rating to a “neutral” rating and increased their price target for the company from $31.00 to $33.00 in a research report on Sunday. B. Riley reiterated a “buy” rating on shares of PulteGroup in a research report on Wednesday, November 1st. KeyCorp reiterated a “hold” rating on shares of PulteGroup in a research report on Wednesday, November 1st. Zacks Investment Research lowered shares of PulteGroup from a “buy” rating to a “hold” rating in a research report on Monday, October 30th. Finally, Barclays PLC set a $26.00 price target on shares of PulteGroup and gave the company a “hold” rating in a research report on Wednesday, October 25th. Two equities 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 a consensus rating of “Hold” and a consensus price target of $29.92.
In related news, 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 transaction of $4,066,286.40. Following the transaction, the insider now owns 294,369 shares of the company’s stock, valued at $8,742,759.30. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider James R. Ellinghausen sold 67,490 shares of the company’s stock in a transaction that occurred on Monday, November 20th. The shares were 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. Corporate insiders own 0.71% of the company’s stock.
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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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