New York State Common Retirement Fund lifted its stake in PulteGroup, Inc. (NYSE:PHM) by 1.1% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,011,928 shares of the construction company’s stock after purchasing an additional 11,000 shares during the quarter. New York State Common Retirement Fund owned 0.34% of PulteGroup worth $27,656,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other institutional investors and hedge funds also recently bought and sold shares of the company. Tower Research Capital LLC TRC raised its position in shares of PulteGroup by 3.8% in the 2nd quarter. Tower Research Capital LLC TRC now owns 4,086 shares of the construction company’s stock worth $100,000 after purchasing an additional 148 shares during the last quarter. Northwestern Mutual Wealth Management Co. raised its position in shares of PulteGroup by 7.3% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 6,845 shares of the construction company’s stock worth $168,000 after purchasing an additional 465 shares during the last quarter. Koch Industries Inc. purchased a new position in shares of PulteGroup in the 2nd quarter worth about $220,000. QCM Cayman Ltd. purchased a new position in shares of PulteGroup in the 2nd quarter worth about $223,000. Finally, BKS Advisors LLC purchased a new position in shares of PulteGroup in the 2nd quarter worth about $232,000. 84.80% of the stock is owned by hedge funds and other institutional investors.
In other 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 transaction of $4,066,286.40. Following the completion of the sale, the insider now owns 294,369 shares of the company’s stock, valued at approximately $8,742,759.30. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider James R. Ellinghausen sold 67,490 shares of the company’s stock in a transaction dated Monday, November 20th. The shares were sold at an average price of $32.35, for a total transaction of $2,183,301.50. The disclosure for this sale can be found here. 0.71% of the stock is owned by corporate insiders.
Several equities analysts have recently issued reports on PHM shares. UBS started coverage on PulteGroup in a research report on Wednesday, October 25th. They issued a “buy” rating and a $38.00 price target for the company. Zacks Investment Research lowered PulteGroup from a “buy” rating to a “hold” rating in a research report on Tuesday, October 3rd. Citigroup lowered PulteGroup from a “neutral” rating to a “sell” rating and set a $26.00 target price for the company. in a research report on Friday, October 20th. MKM Partners reissued a “neutral” rating on shares of PulteGroup in a research report on Tuesday, September 5th. Finally, Royal Bank Of Canada reissued a “buy” rating and issued a $28.00 target price on shares of PulteGroup in a research report on Monday, September 25th. Two analysts have rated the stock with a sell rating, eight have issued a hold rating, six have given a buy rating and one has issued a strong buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average price target of $29.92.
Shares of PulteGroup, Inc. (NYSE PHM) traded up $0.51 during trading hours on Monday, reaching $34.10. The company’s stock had a trading volume of 3,956,000 shares, compared to its average volume of 5,082,420. PulteGroup, Inc. has a fifty-two week low of $18.18 and a fifty-two week high of $34.60. The company has a current ratio of 0.25, a quick ratio of 0.25 and a debt-to-equity ratio of 0.72. The stock has a market cap of $10,024.30, a price-to-earnings ratio of 16.63, a price-to-earnings-growth ratio of 0.91 and a beta of 1.21.
PulteGroup (NYSE:PHM) last issued its earnings results 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 business had revenue of $2.13 billion during the quarter, compared to analyst estimates of $2.30 billion. During the same quarter in the previous year, the firm earned $0.43 EPS. PulteGroup’s revenue was up 9.6% on a year-over-year basis. sell-side analysts anticipate that PulteGroup, Inc. will post 2.2 EPS for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, January 3rd. Stockholders of record on Tuesday, December 12th will be given a dividend of $0.09 per share. This represents a $0.36 annualized dividend and a dividend yield of 1.06%. The ex-dividend date of this dividend is Monday, December 11th. PulteGroup’s payout ratio is currently 17.91%.
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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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