State of Wisconsin Investment Board boosted its stake in PulteGroup, Inc. (NYSE:PHM) by 4.6% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 262,324 shares of the construction company’s stock after purchasing an additional 11,422 shares during the quarter. State of Wisconsin Investment Board owned approximately 0.09% of PulteGroup worth $7,169,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently modified their holdings of the business. Chicago Equity Partners LLC bought a new position in PulteGroup in the 3rd quarter worth about $465,000. Morse Asset Management Inc boosted its stake in PulteGroup by 21.2% in the 3rd quarter. Morse Asset Management Inc now owns 131,100 shares of the construction company’s stock worth $3,583,000 after purchasing an additional 22,950 shares during the period. Dupont Capital Management Corp boosted its stake in PulteGroup by 48.2% in the 3rd quarter. Dupont Capital Management Corp now owns 191,275 shares of the construction company’s stock worth $5,228,000 after purchasing an additional 62,178 shares during the period. Andra AP fonden boosted its stake in PulteGroup by 11.5% in the 3rd quarter. Andra AP fonden now owns 126,600 shares of the construction company’s stock worth $3,460,000 after purchasing an additional 13,100 shares during the period. Finally, SignalPoint Asset Management LLC boosted its stake in PulteGroup by 8.6% in the 3rd quarter. SignalPoint Asset Management LLC now owns 31,770 shares of the construction company’s stock worth $868,000 after purchasing an additional 2,517 shares during the period. Institutional investors and hedge funds own 87.54% of the company’s stock.

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In related news, insider James R. Ellinghausen sold 136,912 shares of the firm’s stock in a transaction dated Friday, October 27th. The stock was sold at an average price of $29.70, for a total transaction of $4,066,286.40. Following the transaction, the insider now directly owns 294,369 shares of the company’s stock, valued at approximately $8,742,759.30. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Company insiders own 0.71% of the company’s stock.

PHM has been the subject of several analyst reports. Zacks Investment Research downgraded PulteGroup from a “buy” rating to a “hold” rating in a research note on Friday, July 28th. UBS AG downgraded PulteGroup from a “positive” rating to a “neutral” rating in a research note on Wednesday, July 26th. Citigroup Inc. downgraded PulteGroup from a “neutral” rating to a “sell” rating and set a $26.00 target price for the company. in a research note on Friday, October 20th. Bank of America Corporation set a $34.00 target price on PulteGroup and gave the stock a “buy” rating in a research note on Wednesday, October 25th. Finally, Susquehanna Bancshares Inc downgraded 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. Two investment 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 stock. The company currently has a consensus rating of “Hold” and a consensus target price of $29.92.

PulteGroup, Inc. (NYSE PHM) opened at $32.25 on Friday. The firm has a market capitalization of $9,480.47, a PE ratio of 15.73, a P/E/G ratio of 0.94 and a beta of 1.18. 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 1-year low of $18.18 and a 1-year high of $32.45.

PulteGroup (NYSE:PHM) last announced its quarterly earnings data on Tuesday, October 24th. The construction company reported $0.60 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.59 by $0.01. The company had revenue of $2.13 billion for 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%. PulteGroup’s revenue for the quarter was up 9.6% compared to the same quarter last year. During the same period last year, the firm posted $0.43 EPS. research analysts anticipate that PulteGroup, Inc. will post 2.18 earnings per share for the current year.

PulteGroup Company Profile

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.

Institutional Ownership by Quarter for PulteGroup (NYSE:PHM)

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