Korea Investment CORP lowered its position in shares of PulteGroup, Inc. (NYSE:PHM) by 16.4% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 383,800 shares of the construction company’s stock after selling 75,500 shares during the period. Korea Investment CORP owned 0.13% of PulteGroup worth $9,415,000 as of its most recent filing with the SEC.
A number of other large investors also recently made changes to their positions in PHM. Reliance Trust Co. of Delaware bought a new stake in shares of PulteGroup during the first quarter worth $351,000. Affinity Wealth Management raised its stake in shares of PulteGroup by 32.5% in the first quarter. Affinity Wealth Management now owns 15,739 shares of the construction company’s stock worth $371,000 after buying an additional 3,858 shares during the last quarter. Hartwell J M Limited Partnership bought a new stake in shares of PulteGroup during the first quarter worth $516,000. Americafirst Capital Management LLC bought a new stake in shares of PulteGroup during the first quarter worth $360,000. Finally, Capstone Asset Management Co. raised its stake in shares of PulteGroup by 13.6% in the first quarter. Capstone Asset Management Co. now owns 43,920 shares of the construction company’s stock worth $1,034,000 after buying an additional 5,250 shares during the last quarter. Institutional investors own 88.12% of the company’s stock.
Shares of PulteGroup, Inc. (NYSE PHM) traded down 0.63% during mid-day trading on Friday, reaching $25.28. 3,649,662 shares of the company’s stock traded hands. PulteGroup, Inc. has a one year low of $17.69 and a one year high of $26.00. The firm has a market cap of $7.63 billion, a price-to-earnings ratio of 13.99 and a beta of 1.14. The firm’s 50-day moving average is $24.80 and its 200 day moving average is $23.43.
PulteGroup (NYSE:PHM) last announced its quarterly earnings data on Tuesday, July 25th. The construction company reported $0.47 EPS for the quarter, topping the Zacks’ consensus estimate of $0.45 by $0.02. PulteGroup had a return on equity of 13.43% and a net margin of 7.35%. The company had revenue of $2.02 billion during the quarter, compared to the consensus estimate of $2.03 billion. During the same quarter last year, the company earned $0.37 EPS. The company’s quarterly revenue was up 12.3% on a year-over-year basis. Analysts predict that PulteGroup, Inc. will post $2.09 earnings per share for the current year.
Several equities research analysts have recently commented on the stock. Barclays PLC lowered shares of PulteGroup from an “overweight” rating to an “equal weight” rating and set a $24.00 price target for the company. in a report on Tuesday, July 11th. They noted that the move was a valuation call. Mizuho lowered shares of PulteGroup from a “neutral” rating to an “underperform” rating and set a $22.00 price target for the company. in a report on Monday, July 10th. Wedbush restated an “underperform” rating and issued a $15.00 price target on shares of PulteGroup in a report on Tuesday, April 25th. BidaskClub lowered shares of PulteGroup from a “strong-buy” rating to a “buy” rating in a report on Thursday, July 13th. Finally, Zacks Investment Research upgraded shares of PulteGroup from a “hold” rating to a “buy” rating and set a $27.00 price target for the company in a report on Tuesday, July 4th. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the company. The company has an average rating of “Hold” and an average target price of $25.08.
In other PulteGroup news, Director Brian P. Anderson sold 14,000 shares of the firm’s stock in a transaction that occurred on Tuesday, June 6th. The stock was sold at an average price of $23.18, for a total value of $324,520.00. Following the completion of the sale, the director now owns 108,744 shares in the company, valued at approximately $2,520,685.92. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.71% of the stock is currently owned by company insiders.
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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