Sterling Capital Management LLC cut its position in shares of PulteGroup, Inc. (NYSE:PHM) by 93.9% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 143,096 shares of the construction company’s stock after selling 2,192,594 shares during the quarter. Sterling Capital Management LLC’s holdings in PulteGroup were worth $3,911,000 at the end of the most recent quarter.
Other large investors have also recently made changes to their positions in the company. Achmea Investment Management B.V. acquired a new stake in PulteGroup during the second quarter worth about $253,000. Peloton Wealth Strategists increased its stake in PulteGroup by 4.7% during the second quarter. Peloton Wealth Strategists now owns 89,700 shares of the construction company’s stock worth $2,200,000 after acquiring an additional 4,000 shares during the last quarter. Aviva PLC increased its stake in PulteGroup by 9.5% during the second quarter. Aviva PLC now owns 179,277 shares of the construction company’s stock worth $4,399,000 after acquiring an additional 15,540 shares during the last quarter. Mirador Capital Partners LP increased its stake in PulteGroup by 3.7% during the second quarter. Mirador Capital Partners LP now owns 48,655 shares of the construction company’s stock worth $1,246,000 after acquiring an additional 1,728 shares during the last quarter. Finally, HAP Trading LLC increased its stake in PulteGroup by 26.7% during the second quarter. HAP Trading LLC now owns 96,520 shares of the construction company’s stock worth $2,368,000 after acquiring an additional 20,336 shares during the last quarter. Institutional investors own 84.80% of the company’s stock.
Several equities research analysts have commented on the company. Buckingham Research lowered PulteGroup from a “buy” rating to a “neutral” rating and upped their price target for the stock from $31.00 to $33.00 in a research note on Sunday, November 26th. B. Riley reaffirmed a “buy” rating on shares of PulteGroup in a research report on Wednesday, November 1st. KeyCorp reaffirmed a “hold” rating on shares of PulteGroup in a research report on Wednesday, November 1st. Zacks Investment Research downgraded PulteGroup from a “buy” rating to a “hold” rating in a research report on Monday, October 30th. Finally, Barclays set a $26.00 target price on PulteGroup and gave the stock a “hold” rating in a research report on Wednesday, October 25th. Two investment analysts have rated the stock with a sell rating, eight have assigned a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus target price of $29.92.
Shares of PulteGroup, Inc. (PHM) opened at $33.43 on Friday. PulteGroup, Inc. has a 1 year low of $18.18 and a 1 year high of $34.60. The company has a quick ratio of 0.25, a current ratio of 0.25 and a debt-to-equity ratio of 0.72. The firm has a market capitalization of $9,715.63, a PE ratio of 16.12, a PEG ratio of 0.88 and a beta of 1.21.
PulteGroup (NYSE:PHM) last issued its earnings results on Tuesday, October 24th. The construction company reported $0.60 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.59 by $0.01. The company had revenue of $2.13 billion during the quarter, compared to the consensus estimate of $2.30 billion. PulteGroup had a return on equity of 14.38% and a net margin of 7.77%. The company’s revenue was up 9.6% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.43 earnings per share. research analysts expect that PulteGroup, Inc. will post 2.2 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, January 3rd. Investors of record on Tuesday, December 12th will be issued a $0.09 dividend. This represents a $0.36 dividend on an annualized basis and a yield of 1.08%. The ex-dividend date of this dividend is Monday, December 11th. PulteGroup’s dividend payout ratio is currently 17.91%.
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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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