Private Advisor Group LLC trimmed its stake in shares of PulteGroup, Inc. (NYSE:PHM) by 24.5% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 11,401 shares of the construction company’s stock after selling 3,703 shares during the quarter. Private Advisor Group LLC’s holdings in PulteGroup were worth $310,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other institutional investors also recently bought and sold shares of the business. Invictus RG raised its stake in shares of PulteGroup by 1,473.4% during the 3rd quarter. Invictus RG now owns 4,264 shares of the construction company’s stock worth $117,000 after buying an additional 3,993 shares in the last quarter. Catamount Wealth Management raised its stake in shares of PulteGroup by 2.8% during the 3rd quarter. Catamount Wealth Management now owns 78,501 shares of the construction company’s stock worth $2,145,000 after buying an additional 2,101 shares in the last quarter. Dimensional Fund Advisors LP raised its stake in shares of PulteGroup by 0.6% during the 3rd quarter. Dimensional Fund Advisors LP now owns 10,574,407 shares of the construction company’s stock worth $288,984,000 after buying an additional 67,782 shares in the last quarter. Schwab Charles Investment Management Inc. raised its stake in shares of PulteGroup by 4.6% during the 3rd quarter. Schwab Charles Investment Management Inc. now owns 1,394,856 shares of the construction company’s stock worth $38,122,000 after buying an additional 61,038 shares in the last quarter. Finally, WINTON GROUP Ltd raised its stake in shares of PulteGroup by 71.6% during the 3rd quarter. WINTON GROUP Ltd now owns 25,268 shares of the construction company’s stock worth $691,000 after buying an additional 10,544 shares in the last quarter. 84.80% of the stock is owned by institutional investors.
In other 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 transaction of $4,066,286.40. Following the sale, the insider now owns 294,369 shares in the company, valued at $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, CFO Robert Oshaughnessy sold 92,800 shares of the firm’s stock in a transaction on Friday, December 8th. The stock was sold at an average price of $33.89, for a total value of $3,144,992.00. Following the sale, the chief financial officer now owns 363,722 shares in the company, valued at approximately $12,326,538.58. The disclosure for this sale can be found here. In the last quarter, insiders have sold 297,202 shares of company stock worth $9,394,580. 0.71% of the stock is owned by insiders.
Shares of PulteGroup, Inc. (PHM) traded down $0.37 during trading hours on Thursday, reaching $33.32. The company’s stock had a trading volume of 4,116,700 shares, compared to its average volume of 5,066,719. The firm has a market cap of $9,903.77, a PE ratio of 16.43, a PEG ratio of 0.90 and a beta of 1.21. 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 52-week low of $18.18 and a 52-week high of $34.60.
PulteGroup (NYSE:PHM) last announced its earnings results on Tuesday, October 24th. The construction company reported $0.60 EPS for the quarter, beating analysts’ consensus estimates of $0.59 by $0.01. The firm 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 quarterly revenue was up 9.6% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.43 EPS. equities analysts anticipate that PulteGroup, Inc. will post 2.2 EPS for the current year.
The business also recently announced a quarterly dividend, which will be paid on Wednesday, January 3rd. Shareholders of record on Tuesday, December 12th will be issued a dividend of $0.09 per share. This represents a $0.36 dividend on an annualized basis and a yield of 1.08%. The ex-dividend date is Monday, December 11th. PulteGroup’s dividend payout ratio (DPR) is presently 17.91%.
A number of equities analysts have recently issued reports on the company. Buckingham Research downgraded PulteGroup from a “buy” rating to a “neutral” rating and increased their target price for the stock from $31.00 to $33.00 in a research note on Sunday, November 26th. B. Riley reissued a “buy” rating on shares of PulteGroup in a research note on Wednesday, November 1st. KeyCorp reaffirmed a “hold” rating on shares of PulteGroup in a research note on Wednesday, November 1st. Zacks Investment Research downgraded PulteGroup from a “buy” rating to a “hold” rating in a research note on Monday, October 30th. Finally, Barclays set a $26.00 price objective on PulteGroup and gave the company a “hold” rating in a research note on Wednesday, October 25th. Two research analysts have rated the stock with a sell rating, eight have issued a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus price target of $29.92.
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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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