PulteGroup, Inc. (PHM) Position Trimmed by Insight Capital Research & Management Inc.
Insight Capital Research & Management Inc. trimmed its holdings in shares of PulteGroup, Inc. (NYSE:PHM) by 38.4% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 74,541 shares of the construction company’s stock after selling 46,530 shares during the period. Insight Capital Research & Management Inc.’s holdings in PulteGroup were worth $2,037,000 as of its most recent SEC filing.
A number of other hedge funds have also added to or reduced their stakes in the stock. Neuberger Berman Group LLC increased its holdings in PulteGroup by 885.5% during the 3rd quarter. Neuberger Berman Group LLC now owns 396,818 shares of the construction company’s stock valued at $10,845,000 after purchasing an additional 356,551 shares in the last quarter. Guardian Capital LP increased its holdings in PulteGroup by 46.3% during the 3rd quarter. Guardian Capital LP now owns 466,305 shares of the construction company’s stock valued at $12,744,000 after purchasing an additional 147,632 shares in the last quarter. California Public Employees Retirement System increased its holdings in PulteGroup by 5.2% during the 3rd quarter. California Public Employees Retirement System now owns 755,081 shares of the construction company’s stock valued at $20,636,000 after purchasing an additional 37,381 shares in the last quarter. Virtu Financial LLC acquired a new stake in PulteGroup during the 3rd quarter valued at $643,000. Finally, Janney Montgomery Scott LLC increased its holdings in PulteGroup by 17.8% during the 3rd quarter. Janney Montgomery Scott LLC now owns 24,428 shares of the construction company’s stock valued at $668,000 after purchasing an additional 3,691 shares in the last quarter. 84.80% of the stock is owned by hedge funds and other institutional investors.
In other news, insider James R. Ellinghausen sold 136,912 shares of the firm’s stock in a transaction on Friday, October 27th. The stock was sold at an average price of $29.70, for a total value of $4,066,286.40. Following the transaction, the insider now directly owns 294,369 shares in the company, valued at approximately $8,742,759.30. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider James R. Ellinghausen sold 67,490 shares of the firm’s stock in a transaction 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 disclosure for this sale can be found here. 0.71% of the stock is currently owned by company insiders.
PulteGroup, Inc. (NYSE:PHM) traded down $0.20 during midday trading on Tuesday, hitting $33.81. The stock had a trading volume of 4,009,300 shares, compared to its average volume of 5,077,911. The firm has a market cap of $10,024.30, a PE ratio of 16.63, a P/E/G ratio of 0.91 and a beta of 1.21. PulteGroup, Inc. has a one year low of $18.18 and a one year high of $34.60. The company has a debt-to-equity ratio of 0.72, a current ratio of 0.25 and a quick ratio of 0.25.
PulteGroup (NYSE:PHM) last released its earnings results 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. The company had revenue of $2.13 billion during 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 business’s revenue for the quarter was up 9.6% on a year-over-year basis. During the same period last year, the firm earned $0.43 EPS. equities research analysts forecast that PulteGroup, Inc. will post 2.2 earnings per share for the current year.
The company also recently announced a quarterly dividend, which will be paid on Wednesday, January 3rd. Stockholders of record on Tuesday, December 12th will be paid a $0.09 dividend. The ex-dividend date is Monday, December 11th. This represents a $0.36 annualized dividend and a dividend yield of 1.06%. PulteGroup’s dividend payout ratio (DPR) is currently 17.91%.
A number of equities research analysts recently weighed in on the company. B. Riley reaffirmed a “buy” rating on shares of PulteGroup in a report on Wednesday, November 1st. BidaskClub raised PulteGroup from a “buy” rating to a “strong-buy” rating in a report on Thursday, August 17th. Zacks Investment Research cut PulteGroup from a “buy” rating to a “hold” rating in a report on Tuesday, October 3rd. Bank of America set a $34.00 price target on PulteGroup and gave the company a “buy” rating in a report on Wednesday, October 25th. Finally, Wedbush reissued a “neutral” rating and issued a $22.00 target price (down from $27.00) on shares of PulteGroup in a research note on Tuesday, October 24th. Two research analysts have rated the stock with a sell rating, eight have assigned a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the company. PulteGroup presently has an average rating of “Hold” and a consensus target price of $29.92.
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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