Seeyond cut its position in PulteGroup, Inc. (NYSE:PHM) by 1.9% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund 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 (SEC).
Several other large investors have also recently modified their holdings of PHM. Cibc World Markets Corp boosted its stake in PulteGroup by 31.2% during the second quarter. Cibc World Markets Corp now owns 44,309 shares of the construction company’s stock worth $1,401,000 after buying an additional 10,545 shares during the last quarter. D.A. Davidson & CO. boosted its position in shares of PulteGroup by 28.2% during the 2nd quarter. D.A. Davidson & CO. now owns 15,943 shares of the construction company’s stock worth $504,000 after acquiring an additional 3,505 shares in the last quarter. Public Employees Retirement System of Ohio boosted its position in shares of PulteGroup by 31.2% during the 2nd quarter. Public Employees Retirement System of Ohio now owns 205,889 shares of the construction company’s stock worth $6,510,000 after acquiring an additional 49,003 shares in the last quarter. GAM Holding AG acquired a new position in shares of PulteGroup during the 2nd quarter worth about $1,715,000. Finally, Brown Advisory Inc. acquired a new position in shares of PulteGroup during the 2nd quarter worth about $206,000. 86.64% of the stock is currently owned by hedge funds and other institutional investors.
PHM has been the subject of several analyst reports. JPMorgan Chase & Co. raised PulteGroup from a “neutral” rating to an “overweight” rating and upped their price objective for the stock from $30.00 to $37.50 in a research report on Wednesday. Seaport Global Securities assumed coverage on PulteGroup in a research report on Friday, August 23rd. They issued a “buy” rating and a $44.00 target price for the company. Royal Bank of Canada set a $33.00 target price on PulteGroup and gave the company a “hold” rating in a research report on Monday, August 26th. Finally, SunTrust Banks assumed coverage on PulteGroup in a research report on Monday, August 12th. They issued a “buy” rating and a $38.00 target price for the company. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating and six have issued a buy rating to the company. The company has a consensus rating of “Hold” and a consensus target price of $31.49.
PulteGroup (NYSE:PHM) last issued its earnings results on Tuesday, July 23rd. The construction company reported $0.86 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.82 by $0.04. PulteGroup had a return on equity of 20.68% and a net margin of 9.23%. The business had revenue of $2.49 billion during the quarter, compared to the consensus estimate of $2.47 billion. During the same period in the prior year, the business posted $0.89 EPS. The company’s revenue for the quarter was down 3.1% on a year-over-year basis. As a group, analysts predict that PulteGroup, Inc. will post 3.42 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, October 3rd. Investors of record on Wednesday, September 18th will be paid a $0.11 dividend. This represents a $0.44 annualized dividend and a yield of 1.25%. The ex-dividend date of this dividend is Tuesday, September 17th. PulteGroup’s payout ratio is currently 12.26%.
In other PulteGroup news, insider James L. Ossowski sold 5,000 shares of the stock in a transaction on Monday, July 22nd. The stock was sold at an average price of $34.00, for a total transaction of $170,000.00. Following the sale, the insider now owns 25,750 shares in the company, valued at approximately $875,500. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Brian P. Anderson sold 21,191 shares of the stock in a transaction on Friday, July 12th. The shares were sold at an average price of $33.03, for a total value of $699,938.73. Following the sale, the director now owns 80,065 shares in the company, valued at approximately $2,644,546.95. The disclosure for this sale can be found here. Insiders sold a total of 44,957 shares of company stock valued at $1,475,705 over the last ninety days. 0.49% of the stock is currently owned by company insiders.
PulteGroup Company Profile
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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