PGGM Investments reduced its position in shares of PulteGroup, Inc. (NYSE:PHM) by 0.4% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 180,270 shares of the construction company’s stock after selling 699 shares during the period. PGGM Investments owned 0.06% of PulteGroup worth $4,422,000 as of its most recent filing with the SEC.
Several other hedge funds and other institutional investors also recently bought and sold shares of PHM. Thrivent Financial for Lutherans increased its position in PulteGroup by 1.1% in the fourth quarter. Thrivent Financial for Lutherans now owns 10,162 shares of the construction company’s stock worth $187,000 after buying an additional 110 shares during the period. Quadrature Capital Ltd bought a new position in PulteGroup during the fourth quarter worth approximately $587,000. RMB Capital Management LLC bought a new position in PulteGroup during the fourth quarter worth approximately $349,000. Teachers Advisors LLC increased its position in PulteGroup by 14.7% in the fourth quarter. Teachers Advisors LLC now owns 2,207,971 shares of the construction company’s stock worth $40,583,000 after buying an additional 283,598 shares during the period. Finally, Kentucky Retirement Systems bought a new position in PulteGroup during the fourth quarter worth approximately $397,000. 88.12% of the stock is currently owned by hedge funds and other institutional investors.
Shares of PulteGroup, Inc. (NYSE PHM) opened at 25.28 on Friday. The firm has a market cap of $7.63 billion, a PE ratio of 13.99 and a beta of 1.14. The stock has a 50 day moving average of $24.80 and a 200 day moving average of $23.43. PulteGroup, Inc. has a 1-year low of $17.69 and a 1-year high of $26.00.
PulteGroup (NYSE:PHM) last announced its earnings results on Tuesday, July 25th. The construction company reported $0.47 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.45 by $0.02. The firm had revenue of $2.02 billion during the quarter, compared to analyst estimates of $2.03 billion. PulteGroup had a net margin of 7.35% and a return on equity of 13.43%. PulteGroup’s revenue was up 12.3% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.37 EPS. Equities research analysts anticipate that PulteGroup, Inc. will post $2.09 earnings per share for the current fiscal year.
PHM has been the topic of a number of recent analyst reports. Zacks Investment Research downgraded shares of PulteGroup from a “buy” rating to a “hold” rating in a research report on Monday, April 24th. Wedbush reaffirmed an “underperform” rating and issued a $15.00 target price on shares of PulteGroup in a research report on Tuesday, April 25th. Mizuho assumed coverage on shares of PulteGroup in a research report on Tuesday, May 16th. They set a “neutral” rating and a $22.00 price objective on the stock. BidaskClub raised shares of PulteGroup from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, June 14th. Finally, Credit Suisse Group assumed coverage on shares of PulteGroup in a research report on Thursday, June 22nd. They set an “outperform” rating and a $27.00 price objective on the stock. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus price target of $25.08.
In related news, Director Brian P. Anderson sold 14,000 shares of the stock in a transaction dated Tuesday, June 6th. The shares were sold at an average price of $23.18, for a total value of $324,520.00. Following the completion of the transaction, the director now owns 108,744 shares in the company, valued at approximately $2,520,685.92. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 0.71% of the company’s stock.
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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