PulteGroup, Inc. (NYSE:PHM) Position Lessened by BB&T Corp

BB&T Corp lowered its stake in shares of PulteGroup, Inc. (NYSE:PHM) by 36.5% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 287,553 shares of the construction company’s stock after selling 164,963 shares during the quarter. BB&T Corp owned about 0.10% of PulteGroup worth $7,859,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently bought and sold shares of PHM. Principal Financial Group Inc. increased its holdings in shares of PulteGroup by 2.7% during the first quarter. Principal Financial Group Inc. now owns 467,882 shares of the construction company’s stock valued at $11,018,000 after acquiring an additional 12,321 shares in the last quarter. PNC Financial Services Group Inc. increased its holdings in shares of PulteGroup by 7.5% during the first quarter. PNC Financial Services Group Inc. now owns 16,025 shares of the construction company’s stock valued at $377,000 after acquiring an additional 1,118 shares in the last quarter. Thrivent Financial For Lutherans increased its holdings in shares of PulteGroup by 3.2% during the first quarter. Thrivent Financial For Lutherans now owns 10,492 shares of the construction company’s stock valued at $247,000 after acquiring an additional 330 shares in the last quarter. AQR Capital Management LLC increased its holdings in shares of PulteGroup by 155.2% during the first quarter. AQR Capital Management LLC now owns 1,029,478 shares of the construction company’s stock valued at $24,244,000 after acquiring an additional 626,019 shares in the last quarter. Finally, Paloma Partners Management Co increased its holdings in shares of PulteGroup by 212.0% during the first quarter. Paloma Partners Management Co now owns 57,373 shares of the construction company’s stock valued at $1,351,000 after acquiring an additional 38,983 shares in the last quarter. Hedge funds and other institutional investors own 87.82% of the company’s stock.

Several equities analysts have recently issued reports on the stock. B. Riley restated a “buy” rating on shares of PulteGroup in a report on Wednesday, November 1st. BidaskClub upgraded shares of PulteGroup from a “buy” rating to a “strong-buy” rating in a report on Thursday, August 17th. Zacks Investment Research downgraded shares of PulteGroup from a “buy” rating to a “hold” rating in a report on Monday, October 30th. FBR & Co reiterated a “buy” rating and issued a $31.00 price target (up previously from $28.00) on shares of PulteGroup in a report on Wednesday, October 25th. Finally, Barclays PLC set a $26.00 price target on shares of PulteGroup and gave the stock a “hold” rating in a report on Wednesday, October 25th. Two equities research analysts have rated the stock with a sell rating, eight have given a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the company. PulteGroup presently has a consensus rating of “Hold” and an average price target of $28.67.

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Shares of PulteGroup, Inc. (NYSE PHM) traded up $0.08 during mid-day trading on Friday, reaching $31.15. The company’s stock had a trading volume of 5,115,300 shares, compared to its average volume of 5,073,791. The company has a quick ratio of 0.25, a current ratio of 0.25 and a debt-to-equity ratio of 0.72. The stock has a market cap of $9,133.57, a price-to-earnings ratio of 15.16, a P/E/G ratio of 0.89 and a beta of 1.18. PulteGroup, Inc. has a 12 month low of $18.18 and a 12 month high of $31.36.

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 analysts’ consensus estimates of $0.59 by $0.01. The company had revenue of $2.13 billion for the quarter, compared to analyst estimates of $2.30 billion. PulteGroup had a return on equity of 14.38% and a net margin of 7.77%. The firm’s revenue for the quarter was up 9.6% on a year-over-year basis. During the same quarter last year, the firm posted $0.43 EPS. equities research analysts predict that PulteGroup, Inc. will post 2.21 earnings per share for the current year.

In other PulteGroup news, insider James R. Ellinghausen sold 136,912 shares of the firm’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 transaction, the insider now owns 294,369 shares in the company, valued at approximately $8,742,759.30. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 0.71% of the company’s stock.

PulteGroup 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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