Amalgamated Bank lessened its stake in shares of PulteGroup, Inc. (NYSE:PHM - Free Report) by 18.2% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 42,865 shares of the construction company's stock after selling 9,552 shares during the quarter. Amalgamated Bank's holdings in PulteGroup were worth $6,152,000 at the end of the most recent reporting period.
Other institutional investors have also modified their holdings of the company. WR Wealth Planners LLC increased its holdings in shares of PulteGroup by 54.7% in the 2nd quarter. WR Wealth Planners LLC now owns 232 shares of the construction company's stock valued at $26,000 after acquiring an additional 82 shares during the period. Fortitude Family Office LLC increased its holdings in shares of PulteGroup by 115.1% in the 3rd quarter. Fortitude Family Office LLC now owns 185 shares of the construction company's stock valued at $27,000 after acquiring an additional 99 shares during the period. LRI Investments LLC acquired a new position in shares of PulteGroup in the 1st quarter valued at $28,000. Rothschild Investment LLC acquired a new position in shares of PulteGroup in the 2nd quarter valued at $31,000. Finally, Candriam S.C.A. acquired a new position in shares of PulteGroup in the 2nd quarter valued at $33,000. Hedge funds and other institutional investors own 89.90% of the company's stock.
PulteGroup Price Performance
Shares of PulteGroup stock traded up $1.54 on Friday, hitting $132.70. The company's stock had a trading volume of 1,597,885 shares, compared to its average volume of 1,846,435. PulteGroup, Inc. has a 52-week low of $80.60 and a 52-week high of $149.47. The company has a quick ratio of 0.73, a current ratio of 0.73 and a debt-to-equity ratio of 0.14. The firm has a fifty day moving average price of $137.27 and a 200-day moving average price of $124.69. The company has a market capitalization of $27.21 billion, a P/E ratio of 9.79, a price-to-earnings-growth ratio of 0.53 and a beta of 1.63.
PulteGroup (NYSE:PHM - Get Free Report) last released its quarterly earnings data on Tuesday, October 22nd. The construction company reported $3.35 EPS for the quarter, topping the consensus estimate of $3.10 by $0.25. The business had revenue of $4.48 billion for the quarter, compared to analyst estimates of $4.27 billion. PulteGroup had a net margin of 16.64% and a return on equity of 25.30%. The business's revenue for the quarter was up 11.8% compared to the same quarter last year. During the same period in the previous year, the firm earned $2.90 EPS. On average, equities research analysts expect that PulteGroup, Inc. will post 12.92 earnings per share for the current fiscal year.
PulteGroup Announces Dividend
The company also recently announced a quarterly dividend, which was paid on Wednesday, October 2nd. Shareholders of record on Tuesday, September 17th were issued a $0.20 dividend. The ex-dividend date of this dividend was Tuesday, September 17th. This represents a $0.80 dividend on an annualized basis and a yield of 0.60%. PulteGroup's dividend payout ratio (DPR) is 5.90%.
Insider Buying and Selling at PulteGroup
In other PulteGroup news, CFO Robert Oshaughnessy sold 71,007 shares of the company's stock in a transaction dated Friday, August 23rd. The shares were sold at an average price of $134.83, for a total value of $9,573,873.81. Following the transaction, the chief financial officer now directly owns 89,323 shares in the company, valued at approximately $12,043,420.09. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other news, CFO Robert Oshaughnessy sold 71,007 shares of the company's stock in a transaction dated Friday, August 23rd. The shares were sold at an average price of $134.83, for a total transaction of $9,573,873.81. Following the completion of the transaction, the chief financial officer now owns 89,323 shares of the company's stock, valued at $12,043,420.09. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Thomas J. Folliard sold 19,000 shares of the company's stock in a transaction dated Wednesday, August 28th. The shares were sold at an average price of $131.14, for a total transaction of $2,491,660.00. Following the transaction, the director now directly owns 45,230 shares of the company's stock, valued at approximately $5,931,462.20. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. 0.83% of the stock is owned by insiders.
Analyst Ratings Changes
PHM has been the topic of several recent research reports. Royal Bank of Canada boosted their price objective on shares of PulteGroup from $113.00 to $120.00 and gave the company a "sector perform" rating in a research note on Wednesday, July 24th. Wolfe Research cut shares of PulteGroup from an "outperform" rating to a "peer perform" rating in a research note on Wednesday, August 14th. Barclays boosted their price objective on shares of PulteGroup from $131.00 to $150.00 and gave the company an "overweight" rating in a research note on Wednesday, July 24th. Wells Fargo & Company boosted their price objective on shares of PulteGroup from $150.00 to $165.00 and gave the company an "overweight" rating in a research note on Monday, October 7th. Finally, Bank of America boosted their price objective on shares of PulteGroup from $138.00 to $160.00 and gave the company a "buy" rating in a research note on Thursday, September 19th. Six analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $145.00.
View Our Latest Report on PHM
About PulteGroup
(
Free Report)
PulteGroup, Inc, through its subsidiaries, primarily engages in the homebuilding business in the United States. It acquires and develops land primarily for residential purposes; and constructs housing on such land. The company also offers various home designs, including single-family detached, townhomes, condominiums, and duplexes under the Centex, Pulte Homes, Del Webb, DiVosta Homes, John Wieland Homes and Neighborhoods, and American West brand names.
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