State of Alaska Department of Revenue raised its position in PulteGroup, Inc. (NYSE:PHM) by 9.8% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 57,142 shares of the construction company’s stock after buying an additional 5,102 shares during the period. State of Alaska Department of Revenue’s holdings in PulteGroup were worth $1,414,000 as of its most recent filing with the SEC.

A number of other large investors have also recently bought and sold shares of the business. Great West Life Assurance Co. Can increased its stake in PulteGroup by 0.3% in the 2nd quarter. Great West Life Assurance Co. Can now owns 722,907 shares of the construction company’s stock valued at $20,825,000 after buying an additional 2,030 shares during the last quarter. Rehmann Capital Advisory Group increased its stake in PulteGroup by 54.9% in the 2nd quarter. Rehmann Capital Advisory Group now owns 6,187 shares of the construction company’s stock valued at $178,000 after buying an additional 2,193 shares during the last quarter. Reliance Trust Co. of Delaware increased its stake in PulteGroup by 26.2% in the 2nd quarter. Reliance Trust Co. of Delaware now owns 10,777 shares of the construction company’s stock valued at $310,000 after buying an additional 2,240 shares during the last quarter. Centaurus Financial Inc. increased its stake in PulteGroup by 6.8% in the 2nd quarter. Centaurus Financial Inc. now owns 36,329 shares of the construction company’s stock valued at $1,044,000 after buying an additional 2,319 shares during the last quarter. Finally, HL Financial Services LLC increased its stake in PulteGroup by 5.6% in the 2nd quarter. HL Financial Services LLC now owns 54,022 shares of the construction company’s stock valued at $1,553,000 after buying an additional 2,884 shares during the last quarter. Hedge funds and other institutional investors own 86.54% of the company’s stock.

PHM has been the subject of several analyst reports. JPMorgan Chase & Co. lowered shares of PulteGroup from an “overweight” rating to an “underweight” rating and decreased their price objective for the company from $37.50 to $28.00 in a research note on Friday, September 21st. ValuEngine lowered shares of PulteGroup from a “sell” rating to a “strong sell” rating in a research note on Thursday, September 27th. Barclays set a $30.00 price objective on shares of PulteGroup and gave the company a “hold” rating in a research note on Friday, September 14th. Mizuho lowered shares of PulteGroup from a “buy” rating to a “neutral” rating and set a $31.00 price target for the company. in a research note on Tuesday, August 7th. Finally, BTIG Research lowered shares of PulteGroup from a “neutral” rating to a “sell” rating in a research note on Friday, July 27th. They noted that the move was a valuation call. Four research analysts have rated the stock with a sell rating, eight have issued a hold rating and seven have assigned a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus target price of $33.21.

In related news, Director Brian P. Anderson sold 5,000 shares of the firm’s stock in a transaction that occurred on Monday, August 27th. The shares were sold at an average price of $28.96, for a total value of $144,800.00. Following the completion of the transaction, the director now directly owns 101,235 shares of the company’s stock, valued at approximately $2,931,765.60. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 0.86% of the stock is currently owned by company insiders.

Shares of PHM stock opened at $21.58 on Friday. The company has a quick ratio of 0.40, a current ratio of 0.40 and a debt-to-equity ratio of 0.66. PulteGroup, Inc. has a 12-month low of $21.43 and a 12-month high of $35.21. The company has a market cap of $6.37 billion, a PE ratio of 7.66, a P/E/G ratio of 0.35 and a beta of 1.03.

PulteGroup (NYSE:PHM) last issued its quarterly earnings results on Thursday, July 26th. The construction company reported $0.89 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.74 by $0.15. PulteGroup had a net margin of 7.92% and a return on equity of 19.95%. The company had revenue of $2.57 billion during the quarter, compared to analyst estimates of $2.38 billion. During the same quarter last year, the business posted $0.47 EPS. PulteGroup’s quarterly revenue was up 27.1% compared to the same quarter last year. Equities analysts forecast that PulteGroup, Inc. will post 3.51 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, October 3rd. Investors of record on Tuesday, September 18th were issued a $0.09 dividend. This represents a $0.36 annualized dividend and a yield of 1.67%. The ex-dividend date of this dividend was Monday, September 17th. PulteGroup’s dividend payout ratio (DPR) is presently 16.44%.

PulteGroup Company Profile

PulteGroup, Inc, through its subsidiaries, primarily engages in the homebuilding business in the United States. The company is involved in the acquisition and development of land primarily for residential purposes; and the construction of housing on such land. It offers various home designs, including single-family detached, townhouses, condominiums, and duplexes under the Centex, Pulte Homes, Del Webb, DiVosta Homes, and John Wieland Homes and Neighborhoods names.

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Institutional Ownership by Quarter for PulteGroup (NYSE:PHM)

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