PulteGroup, Inc. (PHM) Stake Decreased by Mutual of America Capital Management LLC
Mutual of America Capital Management LLC reduced its position in PulteGroup, Inc. (NYSE:PHM) by 14.2% during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 30,040 shares of the construction company’s stock after selling 4,990 shares during the period. Mutual of America Capital Management LLC’s holdings in PulteGroup were worth $821,000 at the end of the most recent quarter.
Other large investors have also recently added to or reduced their stakes in the company. IHT Wealth Management LLC boosted its stake in PulteGroup by 68.5% in the 2nd quarter. IHT Wealth Management LLC now owns 984 shares of the construction company’s stock worth $1,017,000 after purchasing an additional 400 shares in the last quarter. Tower Research Capital LLC TRC boosted its stake in PulteGroup by 3.8% in 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 in the last quarter. Northwestern Mutual Wealth Management Co. boosted its stake in PulteGroup by 7.3% in 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 in the last quarter. QCM Cayman Ltd. acquired a new stake in PulteGroup in the 2nd quarter worth approximately $223,000. Finally, BKS Advisors LLC acquired a new stake in PulteGroup in the 2nd quarter worth approximately $232,000. Institutional investors and hedge funds own 85.39% of the company’s stock.
A number of equities analysts have issued reports on the stock. MKM Partners reissued a “neutral” rating on shares of PulteGroup in a research report on Tuesday, September 5th. Susquehanna Bancshares Inc lowered shares of PulteGroup from a “positive” rating to a “neutral” rating and set a $26.00 price target for the company. in a research report on Wednesday, July 26th. Mizuho lowered shares of PulteGroup from a “neutral” rating to an “underperform” rating and set a $22.00 price target for the company. in a research report on Monday, July 10th. Citigroup Inc. lowered shares of PulteGroup from a “neutral” rating to a “sell” rating and set a $26.00 price target for the company. in a research report on Friday, October 20th. Finally, Barclays PLC lowered shares of PulteGroup from an “overweight” rating to an “equal weight” rating and set a $24.00 price target for the company. in a research report on Tuesday, July 11th. They noted that the move was a valuation call. Two equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating, five have issued a buy rating and one has given a strong buy rating to the company. The stock has an average rating of “Hold” and an average price target of $28.67.
In related news, insider James R. Ellinghausen sold 136,912 shares of PulteGroup stock in a transaction 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 sale, the insider now owns 294,369 shares of the company’s stock, valued at approximately $8,742,759.30. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.71% of the stock is currently owned by company insiders.
PulteGroup, Inc. (NYSE PHM) opened at $30.31 on Friday. The company has a current ratio of 0.25, a quick ratio of 0.25 and a debt-to-equity ratio of 0.72. The firm has a market cap of $8,910.17, a price-to-earnings ratio of 14.79, a P/E/G ratio of 0.87 and a beta of 1.18.
PulteGroup (NYSE:PHM) last released its quarterly earnings results on Tuesday, October 24th. The construction company reported $0.60 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.59 by $0.01. PulteGroup had a net margin of 7.77% and a return on equity of 14.38%. The firm had revenue of $2.13 billion for the quarter, compared to analysts’ expectations of $2.30 billion. During the same quarter last year, the company earned $0.43 EPS. The firm’s revenue for the quarter was up 9.6% compared to the same quarter last year. analysts predict that PulteGroup, Inc. will post 2.21 EPS for the current year.
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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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