Exxonmobil Investment Management Inc. TX reduced its stake in PulteGroup, Inc. (NYSE:PHM) by 15.2% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 43,003 shares of the construction company’s stock after selling 7,686 shares during the period. Exxonmobil Investment Management Inc. TX’s holdings in PulteGroup were worth $1,430,000 at the end of the most recent quarter.
Other large investors also recently added to or reduced their stakes in the company. IHT Wealth Management LLC increased its holdings in shares of PulteGroup by 68.5% in the second quarter. IHT Wealth Management LLC now owns 984 shares of the construction company’s stock valued at $1,017,000 after purchasing an additional 400 shares during the last quarter. Tower Research Capital LLC TRC increased its holdings in shares of PulteGroup by 3.8% in 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 last quarter. Invictus RG increased its holdings in shares of PulteGroup by 1,473.4% in the third quarter. Invictus RG now owns 4,264 shares of the construction company’s stock valued at $117,000 after purchasing an additional 3,993 shares during the last quarter. Fieldpoint Private Securities LLC acquired a new position in shares of PulteGroup in the third quarter valued at $150,000. Finally, Northwestern Mutual Wealth Management Co. increased its holdings in shares of PulteGroup by 7.3% in 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 last quarter. Hedge funds and other institutional investors own 84.53% of the company’s stock.
In related news, CFO Robert Oshaughnessy sold 92,800 shares of the company’s stock in a transaction dated Friday, December 8th. The shares were sold at an average price of $33.89, for a total value of $3,144,992.00. Following the transaction, the chief financial officer now directly owns 363,722 shares in the company, valued at $12,326,538.58. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, 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 transaction, the insider now owns 294,369 shares in the company, valued at $8,742,759.30. The disclosure for this sale can be found here. Insiders sold 297,202 shares of company stock worth $9,394,580 over the last 90 days. 0.71% of the stock is currently owned by corporate insiders.
PulteGroup, Inc. (NYSE PHM) opened at $34.40 on Thursday. 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 one year low of $18.87 and a one year high of $35.01. The company has a market cap of $10,110.00, a PE ratio of 16.86, a P/E/G ratio of 0.56 and a beta of 1.21.
PulteGroup (NYSE:PHM) last released its quarterly earnings results on Tuesday, October 24th. The construction company reported $0.60 EPS for the quarter, beating the Thomson Reuters’ 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 for the quarter, compared to the consensus estimate of $2.30 billion. During the same period in the prior year, the company posted $0.43 earnings per share. PulteGroup’s revenue was up 9.6% compared to the same quarter last year. research analysts anticipate that PulteGroup, Inc. will post 2.2 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which was paid on Wednesday, January 3rd. Investors of record on Tuesday, December 12th were paid a $0.09 dividend. The ex-dividend date of this dividend was Monday, December 11th. This represents a $0.36 annualized dividend and a dividend yield of 1.05%. PulteGroup’s dividend payout ratio (DPR) is presently 17.65%.
Several equities analysts have commented on PHM shares. Royal Bank of Canada reiterated a “buy” rating and issued a $28.00 price objective on shares of PulteGroup in a report on Monday, September 25th. Zacks Investment Research upgraded shares of PulteGroup from a “hold” rating to a “buy” rating and set a $29.00 price objective on the stock in a report on Tuesday, September 26th. Citigroup downgraded shares of PulteGroup from a “neutral” rating to a “sell” rating and set a $26.00 price objective on the stock. in a report on Friday, October 20th. Wedbush reiterated a “neutral” rating and issued a $22.00 price objective (down from $27.00) on shares of PulteGroup in a report on Tuesday, October 24th. Finally, Credit Suisse Group set a $35.00 price objective on shares of PulteGroup and gave the company a “buy” rating in a report on Tuesday, October 24th. Two research analysts have rated the stock with a sell rating, nine have issued a hold rating, five have issued a buy rating and two have assigned a strong buy rating to the stock. The company currently has an average rating of “Hold” and an average price target of $32.15.
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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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