Seeyond cut its holdings in shares of PulteGroup, Inc. (NYSE:PHM) by 1.9% in the 2nd quarter, HoldingsChannel.com reports. The institutional investor owned 29,779 shares of the construction company’s stock after selling 580 shares during the period. Seeyond’s holdings in PulteGroup were worth $942,000 as of its most recent filing with the Securities and Exchange Commission.
Other hedge funds and other institutional investors have also modified their holdings of the company. Ibex Wealth Advisors acquired a new position in shares of PulteGroup during the second quarter worth approximately $37,000. Pearl River Capital LLC bought a new stake in PulteGroup during the second quarter worth approximately $38,000. Rational Advisors LLC raised its holdings in PulteGroup by 2,191.7% during the second quarter. Rational Advisors LLC now owns 1,650 shares of the construction company’s stock worth $52,000 after purchasing an additional 1,578 shares in the last quarter. Penserra Capital Management LLC raised its holdings in PulteGroup by 74.9% during the first quarter. Penserra Capital Management LLC now owns 2,088 shares of the construction company’s stock worth $58,000 after purchasing an additional 894 shares in the last quarter. Finally, Pendal Group Ltd bought a new stake in PulteGroup during the second quarter worth approximately $72,000. Institutional investors and hedge funds own 86.64% of the company’s stock.
NYSE:PHM traded up $0.22 during trading hours on Friday, hitting $35.29. 198,340 shares of the stock traded hands, compared to its average volume of 2,629,347. The firm has a 50 day moving average price of $32.67 and a 200 day moving average price of $31.04. The company has a current ratio of 0.51, a quick ratio of 0.51 and a debt-to-equity ratio of 0.54. PulteGroup, Inc. has a fifty-two week low of $20.64 and a fifty-two week high of $35.29. The firm has a market cap of $9.39 billion, a price-to-earnings ratio of 9.83, a PEG ratio of 1.35 and a beta of 0.67.
PulteGroup (NYSE:PHM) last posted its quarterly earnings results on Tuesday, July 23rd. The construction company reported $0.86 EPS for the quarter, beating the consensus estimate of $0.82 by $0.04. PulteGroup had a net margin of 9.23% and a return on equity of 20.68%. The business had revenue of $2.49 billion for the quarter, compared to analysts’ expectations of $2.47 billion. During the same period in the previous year, the company posted $0.89 EPS. PulteGroup’s revenue was down 3.1% on a year-over-year basis. Research analysts predict that PulteGroup, Inc. will post 3.42 EPS for the current year.
The business also recently declared a quarterly dividend, which will be paid on Thursday, October 3rd. Stockholders of record on Wednesday, September 18th will be issued a dividend of $0.11 per share. This represents a $0.44 annualized dividend and a dividend yield of 1.25%. The ex-dividend date of this dividend is Tuesday, September 17th. PulteGroup’s dividend payout ratio is currently 12.26%.
In other news, Director Brian P. Anderson sold 18,766 shares of the business’s stock in a transaction on Monday, July 8th. The shares were sold at an average price of $32.28, for a total transaction of $605,766.48. Following the transaction, the director now directly owns 104,735 shares in the company, valued at approximately $3,380,845.80. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, insider James L. Ossowski sold 5,000 shares of the business’s stock in a transaction on Monday, July 22nd. The shares were sold at an average price of $34.00, for a total transaction of $170,000.00. Following the transaction, the insider now owns 25,750 shares in the company, valued at $875,500. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 44,957 shares of company stock worth $1,475,705. 0.49% of the stock is currently owned by corporate insiders.
Several equities research analysts recently commented on PHM shares. Seaport Global Securities started coverage on PulteGroup in a report on Friday, August 23rd. They set a “buy” rating and a $44.00 target price on the stock. Royal Bank of Canada set a $33.00 target price on PulteGroup and gave the stock a “hold” rating in a report on Monday, August 26th. JPMorgan Chase & Co. raised PulteGroup from a “neutral” rating to an “overweight” rating and boosted their target price for the stock from $30.00 to $37.50 in a report on Wednesday. Finally, SunTrust Banks started coverage on PulteGroup in a report on Monday, August 12th. They set a “buy” rating and a $38.00 target price on the stock. One analyst has rated the stock with a sell rating, nine have given a hold rating and six have issued a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average target price of $31.49.
PulteGroup, Inc, through its subsidiaries, primarily engages in the homebuilding business in the United States. The company acquires and develops land primarily for residential purposes; and constructs 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 brand names.
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