Jennison Associates LLC acquired a new stake in shares of PulteGroup, Inc. (NYSE:PHM) during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 33,378 shares of the construction company’s stock, valued at approximately $912,000.
Other hedge funds and other institutional investors also recently made changes to their positions in the company. Tower Research Capital LLC TRC raised its holdings in shares of PulteGroup by 3.8% during the second quarter. Tower Research Capital LLC TRC now owns 4,086 shares of the construction company’s stock valued at $100,000 after purchasing an additional 148 shares during the period. Northwestern Mutual Wealth Management Co. raised its holdings in shares of PulteGroup by 7.3% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 6,845 shares of the construction company’s stock valued at $168,000 after purchasing an additional 465 shares during the period. Koch Industries Inc. acquired a new position in shares of PulteGroup during the second quarter valued at about $220,000. QCM Cayman Ltd. acquired a new position in shares of PulteGroup during the second quarter valued at about $223,000. Finally, BKS Advisors LLC acquired a new position in shares of PulteGroup during the second quarter valued at about $232,000. Hedge funds and other institutional investors own 84.22% of the company’s stock.
A number of research firms recently weighed in on PHM. Buckingham Research lowered shares of PulteGroup from a “buy” rating to a “neutral” rating and set a $33.00 target price on the stock. in a report on Tuesday, November 14th. B. Riley restated a “buy” rating on shares of PulteGroup in a report on Wednesday, November 1st. KeyCorp restated a “hold” rating on shares of PulteGroup in a report on Wednesday, November 1st. Zacks Investment Research lowered shares of PulteGroup from a “buy” rating to a “hold” rating in a report on Monday, October 30th. Finally, Barclays PLC set a $26.00 target price on shares of PulteGroup and gave the stock a “hold” rating in a report on Wednesday, October 25th. Two research analysts have rated the stock with a sell rating, eight have given a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company. PulteGroup has an average rating of “Hold” and a consensus target price of $29.92.
Shares of PulteGroup, Inc. (NYSE:PHM) opened at $32.25 on Monday. PulteGroup, Inc. has a 52-week low of $18.18 and a 52-week high of $32.45. The company has a debt-to-equity ratio of 0.72, a current ratio of 0.25 and a quick ratio of 0.25. The stock has a market cap of $9,480.46, a PE ratio of 15.73, a price-to-earnings-growth ratio of 0.94 and a beta of 1.18.
PulteGroup (NYSE:PHM) last issued its quarterly earnings data on Tuesday, October 24th. The construction company reported $0.60 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.59 by $0.01. PulteGroup had a net margin of 7.77% and a return on equity of 14.38%. The business had revenue of $2.13 billion during the quarter, compared to the consensus estimate of $2.30 billion. During the same period in the prior year, the firm posted $0.43 EPS. The firm’s quarterly revenue was up 9.6% compared to the same quarter last year. equities analysts predict that PulteGroup, Inc. will post 2.18 earnings per share for the current fiscal year.
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In other PulteGroup news, insider James R. Ellinghausen sold 136,912 shares of the company’s stock in a transaction dated Friday, October 27th. The shares were sold at an average price of $29.70, for a total value of $4,066,286.40. Following the completion of the sale, 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 Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 0.71% of the company’s stock.
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.
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