Achmea Investment Management B.V. bought a new position in PulteGroup, Inc. (NYSE:PHM) in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund bought 10,317 shares of the construction company’s stock, valued at approximately $253,000.
Other large investors have also modified their holdings of the company. Vanguard Group Inc. grew its stake in shares of PulteGroup by 1.5% during the 2nd quarter. Vanguard Group Inc. now owns 27,962,696 shares of the construction company’s stock valued at $685,925,000 after acquiring an additional 403,573 shares during the period. Dimensional Fund Advisors LP grew its stake in shares of PulteGroup by 0.8% during the 2nd quarter. Dimensional Fund Advisors LP now owns 10,506,625 shares of the construction company’s stock valued at $257,712,000 after acquiring an additional 83,336 shares during the period. Royal Bank of Canada boosted its stake in PulteGroup by 3.0% in the 2nd quarter. Royal Bank of Canada now owns 4,813,036 shares of the construction company’s stock worth $118,064,000 after purchasing an additional 141,369 shares during the period. LSV Asset Management boosted its stake in PulteGroup by 150.9% in the 2nd quarter. LSV Asset Management now owns 2,029,335 shares of the construction company’s stock worth $49,779,000 after purchasing an additional 1,220,579 shares during the period. Finally, Fiera Capital Corp bought a new position in PulteGroup in the 2nd quarter worth approximately $45,333,000. 87.82% of the stock is owned by institutional investors and hedge funds.
PulteGroup, Inc. (NYSE:PHM) traded up $0.08 during trading on Friday, hitting $31.15. The stock had a trading volume of 5,115,300 shares, compared to its average volume of 5,073,791. The stock has a market capitalization of $9,133.57, a PE ratio of 15.16, a PEG ratio of 0.89 and a beta of 1.18. 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, Inc. has a 1-year low of $18.18 and a 1-year high of $31.36.
PulteGroup (NYSE:PHM) last released its quarterly earnings data on Tuesday, October 24th. The construction company reported $0.60 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.59 by $0.01. PulteGroup had a return on equity of 14.38% and a net margin of 7.77%. The company had revenue of $2.13 billion for the quarter, compared to analyst estimates of $2.30 billion. During the same quarter in the previous year, the company posted $0.43 earnings per share. The firm’s revenue for the quarter was up 9.6% compared to the same quarter last year. equities analysts forecast that PulteGroup, Inc. will post 2.21 EPS for the current fiscal year.
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Several research firms have weighed in on PHM. Zacks Investment Research downgraded PulteGroup from a “buy” rating to a “hold” rating in a research note on Monday, October 30th. KeyCorp reiterated a “hold” rating on shares of PulteGroup in a research report on Wednesday, November 1st. MKM Partners restated a “neutral” rating on shares of PulteGroup in a report on Tuesday, September 5th. Royal Bank of Canada reiterated a “buy” rating and issued a $28.00 target price on shares of PulteGroup in a research note on Monday, September 25th. Finally, Barclays PLC set a $26.00 target price on PulteGroup and gave the stock a “hold” rating in a research note on Wednesday, October 25th. Two research analysts have rated the stock with a sell rating, eight have given a hold rating, six have issued a buy rating and one has given a strong buy rating to the stock. PulteGroup presently has an average rating of “Hold” and a consensus target price of $28.67.
In related news, insider James R. Ellinghausen sold 136,912 shares of the business’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 sale, the insider now owns 294,369 shares in the company, valued at approximately $8,742,759.30. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.71% of the stock is currently owned by insiders.
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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