PulteGroup, Inc. (NYSE:PHM) Shares Bought by Dumont & Blake Investment Advisors LLC

Dumont & Blake Investment Advisors LLC boosted its stake in PulteGroup, Inc. (NYSE:PHM) by 0.4% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 39,600 shares of the construction company’s stock after buying an additional 175 shares during the period. Dumont & Blake Investment Advisors LLC’s holdings in PulteGroup were worth $971,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of PHM. Trust Department MB Financial Bank N A bought a new position in shares of PulteGroup during the first quarter worth approximately $129,000. IFP Advisors Inc raised its position in shares of PulteGroup by 12.0% in the first quarter. IFP Advisors Inc now owns 5,959 shares of the construction company’s stock worth $140,000 after buying an additional 638 shares in the last quarter. Northwestern Mutual Wealth Management Co. raised its position in shares of PulteGroup by 12.4% in the first quarter. Northwestern Mutual Wealth Management Co. now owns 6,380 shares of the construction company’s stock worth $150,000 after buying an additional 702 shares in the last quarter. Ameritas Investment Partners Inc. bought a new position in shares of PulteGroup during the first quarter worth approximately $155,000. Finally, Acadian Asset Management LLC bought a new position in shares of PulteGroup during the first quarter worth approximately $197,000. 92.52% of the stock is currently owned by institutional investors.

PulteGroup, Inc. (PHM) traded up 0.24% during midday trading on Wednesday, reaching $25.37. The company had a trading volume of 1,724,114 shares. The firm has a 50-day moving average of $24.47 and a 200-day moving average of $23.05. The stock has a market cap of $7.65 billion, a P/E ratio of 14.04 and a beta of 1.14. PulteGroup, Inc. has a 12 month low of $17.69 and a 12 month high of $25.72. PulteGroup also saw some unusual options trading activity on Tuesday. Investors purchased 29,638 put options on the stock. This represents an increase of approximately 1,131% compared to the typical daily volume of 2,408 put options.

PulteGroup (NYSE:PHM) last announced its quarterly earnings results on Tuesday, July 25th. The construction company reported $0.47 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.45 by $0.02. PulteGroup had a net margin of 7.35% and a return on equity of 13.43%. The company had revenue of $2.02 billion for the quarter, compared to analysts’ expectations of $2.03 billion. During the same quarter in the previous year, the company earned $0.37 earnings per share. PulteGroup’s quarterly revenue was up 12.3% on a year-over-year basis. On average, equities analysts expect that PulteGroup, Inc. will post $2.09 EPS for the current fiscal year.

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Several analysts recently weighed in on the company. Barclays PLC downgraded PulteGroup from an “overweight” rating to an “equal weight” rating and set a $24.00 target price for the company. in a research note on Tuesday, July 11th. They noted that the move was a valuation call. Mizuho downgraded PulteGroup from a “neutral” rating to an “underperform” rating and set a $22.00 target price for the company. in a research note on Monday, July 10th. Wedbush restated a “neutral” rating and set a $22.00 target price on shares of PulteGroup in a research note on Tuesday, July 25th. UBS AG downgraded PulteGroup from a “positive” rating to a “neutral” rating in a research note on Wednesday, July 26th. Finally, Susquehanna Bancshares Inc downgraded PulteGroup from a “positive” rating to a “neutral” rating and set a $26.00 target price for the company. in a research note on Wednesday, July 26th. One equities research analyst has rated the stock with a sell rating, ten have given a hold rating and five have given a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus target price of $25.08.

In other PulteGroup news, Director Brian P. Anderson sold 14,000 shares of the company’s 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 sale, the director now owns 108,744 shares in the company, valued at $2,520,685.92. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 0.71% of the stock is currently owned by corporate 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.