River Wealth Advisors LLC Has $2.80 Million Holdings in PulteGroup, Inc. (PHM)
River Wealth Advisors LLC boosted its holdings in shares of PulteGroup, Inc. (NYSE:PHM) by 2.8% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 102,561 shares of the construction company’s stock after buying an additional 2,754 shares during the quarter. PulteGroup comprises 1.3% of River Wealth Advisors LLC’s portfolio, making the stock its 19th biggest holding. River Wealth Advisors LLC’s holdings in PulteGroup were worth $2,803,000 as of its most recent SEC filing.
A number of other institutional investors have also bought and sold shares of the business. Vanguard Group Inc. increased its position in PulteGroup by 1.5% during the second quarter. Vanguard Group Inc. now owns 27,962,696 shares of the construction company’s stock worth $685,925,000 after buying an additional 403,573 shares during the last quarter. Dimensional Fund Advisors LP grew its position in shares of PulteGroup by 0.8% in the second quarter. Dimensional Fund Advisors LP now owns 10,506,625 shares of the construction company’s stock valued at $257,712,000 after purchasing an additional 83,336 shares during the last quarter. Royal Bank of Canada grew its position in shares of PulteGroup by 3.0% in the second quarter. Royal Bank of Canada now owns 4,813,036 shares of the construction company’s stock valued at $118,064,000 after purchasing an additional 141,369 shares during the last quarter. American Century Companies Inc. grew its position in shares of PulteGroup by 1.0% in the third quarter. American Century Companies Inc. now owns 4,774,847 shares of the construction company’s stock valued at $130,497,000 after purchasing an additional 45,977 shares during the last quarter. Finally, LSV Asset Management grew its position in shares of PulteGroup by 150.9% in the second quarter. LSV Asset Management now owns 2,029,335 shares of the construction company’s stock valued at $49,779,000 after purchasing an additional 1,220,579 shares during the last quarter. 87.54% of the stock is currently owned by hedge funds and other institutional investors.
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In other PulteGroup 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 transaction of $4,066,286.40. Following the completion of the transaction, the insider now owns 294,369 shares in the company, valued at $8,742,759.30. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 0.71% of the stock is owned by company insiders.
Several equities research analysts have recently issued reports on PHM shares. MKM Partners reaffirmed a “neutral” rating on shares of PulteGroup in a research report on Tuesday, September 5th. Zacks Investment Research raised PulteGroup from a “hold” rating to a “buy” rating and set a $33.00 price target on the stock in a research report on Friday, October 27th. Citigroup Inc. downgraded PulteGroup from a “neutral” rating to a “sell” rating and set a $26.00 price target on the stock. in a research report on Friday, October 20th. Susquehanna Bancshares Inc downgraded PulteGroup from a “positive” rating to a “neutral” rating and set a $26.00 price target on the stock. in a research report on Wednesday, July 26th. Finally, Credit Suisse Group set a $35.00 price target on PulteGroup and gave the company a “buy” rating in a research report on Tuesday, October 24th. Two equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus price target of $28.67.
PulteGroup, Inc. (PHM) traded up $0.42 during midday trading on Tuesday, hitting $31.57. 4,867,200 shares of the company traded hands, compared to its average volume of 5,072,853. The company has a current ratio of 0.25, a quick ratio of 0.25 and a debt-to-equity ratio of 0.72. PulteGroup, Inc. has a twelve month low of $18.18 and a twelve month high of $31.67. The company has a market capitalization of $9,280.00, a PE ratio of 15.19, a PEG ratio of 0.91 and a beta of 1.17.
PulteGroup (NYSE:PHM) last released its earnings results on Tuesday, October 24th. The construction company reported $0.60 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.59 by $0.01. The business had revenue of $2.13 billion during the quarter, compared to analysts’ expectations of $2.30 billion. PulteGroup had a net margin of 7.77% and a return on equity of 14.38%. The firm’s revenue was up 9.6% on a year-over-year basis. During the same quarter last year, the company earned $0.43 earnings per share. sell-side analysts predict that PulteGroup, Inc. will post 2.18 earnings per share for the current year.
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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