SignalPoint Asset Management LLC reduced its holdings in PulteGroup, Inc. (NYSE:PHM) by 14.5% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 28,954 shares of the construction company’s stock after selling 4,918 shares during the quarter. SignalPoint Asset Management LLC’s holdings in PulteGroup were worth $717,000 at the end of the most recent reporting period.
A number of other large investors have also recently bought and sold shares of PHM. Harel Insurance Investments & Financial Services Ltd. increased its holdings in shares of PulteGroup by 400.0% during the third quarter. Harel Insurance Investments & Financial Services Ltd. now owns 12,500 shares of the construction company’s stock worth $310,000 after purchasing an additional 10,000 shares during the period. NN Investment Partners Holdings N.V. increased its holdings in shares of PulteGroup by 24.1% during the third quarter. NN Investment Partners Holdings N.V. now owns 28,911 shares of the construction company’s stock worth $716,000 after purchasing an additional 5,606 shares during the period. James Investment Research Inc. increased its stake in PulteGroup by 5.9% in the third quarter. James Investment Research Inc. now owns 96,853 shares of the construction company’s stock valued at $2,399,000 after acquiring an additional 5,356 shares during the last quarter. Argyle Capital Management Inc. increased its stake in PulteGroup by 11.2% in the third quarter. Argyle Capital Management Inc. now owns 93,950 shares of the construction company’s stock valued at $2,327,000 after acquiring an additional 9,500 shares during the last quarter. Finally, Alps Advisors Inc. bought a new position in PulteGroup in the third quarter valued at approximately $452,000. 90.27% of the stock is currently owned by hedge funds and other institutional investors.
PHM stock traded up $0.33 during trading on Thursday, reaching $25.66. The stock had a trading volume of 5,473,706 shares, compared to its average volume of 8,685,838. PulteGroup, Inc. has a one year low of $20.64 and a one year high of $35.21. The company has a debt-to-equity ratio of 0.64, a quick ratio of 0.56 and a current ratio of 0.56. The company has a market capitalization of $7.11 billion, a price-to-earnings ratio of 11.72, a PEG ratio of 0.42 and a beta of 0.92.
PulteGroup (NYSE:PHM) last released its earnings results on Tuesday, October 23rd. The construction company reported $1.01 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.95 by $0.06. The firm had revenue of $2.65 billion for the quarter, compared to analysts’ expectations of $2.62 billion. PulteGroup had a net margin of 8.63% and a return on equity of 21.98%. The company’s quarterly revenue was up 24.3% on a year-over-year basis. During the same period in the previous year, the company earned $0.60 earnings per share. On average, sell-side analysts forecast that PulteGroup, Inc. will post 3.58 EPS for the current fiscal year.
In related news, Director Brian P. Anderson sold 5,000 shares of the company’s stock in a transaction that occurred on Monday, August 27th. The shares were sold at an average price of $28.96, for a total transaction of $144,800.00. Following the sale, the director now owns 101,235 shares of the company’s stock, valued at approximately $2,931,765.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 0.86% of the company’s stock.
A number of equities analysts have recently commented on the stock. BTIG Research lowered shares of PulteGroup from a “neutral” rating to a “sell” rating in a report on Friday, July 27th. They noted that the move was a valuation call. Mizuho lowered shares of PulteGroup from a “buy” rating to a “neutral” rating and set a $31.00 price target on the stock. in a report on Tuesday, August 7th. ValuEngine lowered shares of PulteGroup from a “hold” rating to a “sell” rating in a report on Friday, August 3rd. Zacks Investment Research upgraded shares of PulteGroup from a “hold” rating to a “strong-buy” rating and set a $32.00 price target on the stock in a report on Monday, July 30th. Finally, JMP Securities reiterated a “hold” rating on shares of PulteGroup in a report on Tuesday, July 31st. Four equities research analysts have rated the stock with a sell rating, eight have given a hold rating and seven have given a buy rating to the company’s stock. PulteGroup presently has a consensus rating of “Hold” and a consensus price target of $31.00.
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PulteGroup, Inc, through its subsidiaries, primarily engages in the homebuilding business in the United States. The company is involved in the acquisition and development of land primarily for residential purposes; and the construction of housing on such land. It offers various home designs, including single-family detached, townhouses, condominiums, and duplexes under the Centex, Pulte Homes, Del Webb, DiVosta Homes, and John Wieland Homes and Neighborhoods names.
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