Campbell & CO Investment Adviser LLC lowered its stake in shares of PulteGroup, Inc. (NYSE:PHM) by 50.7% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 9,611 shares of the construction company’s stock after selling 9,899 shares during the quarter. Campbell & CO Investment Adviser LLC’s holdings in PulteGroup were worth $445,000 at the end of the most recent quarter.
Other institutional investors also recently bought and sold shares of the company. Private Advisor Group LLC purchased a new stake in shares of PulteGroup during the 2nd quarter valued at $28,000. Sandy Spring Bank raised its position in PulteGroup by 172.4% in the 2nd quarter. Sandy Spring Bank now owns 858 shares of the construction company’s stock worth $29,000 after purchasing an additional 543 shares during the period. Patriot Financial Group Insurance Agency LLC raised its position in PulteGroup by 77.9% in the 2nd quarter. Patriot Financial Group Insurance Agency LLC now owns 886 shares of the construction company’s stock worth $30,000 after purchasing an additional 388 shares during the period. FinTrust Capital Advisors LLC raised its position in PulteGroup by 110.1% in the 1st quarter. FinTrust Capital Advisors LLC now owns 1,645 shares of the construction company’s stock worth $37,000 after purchasing an additional 862 shares during the period. Finally, Vigilant Capital Management LLC purchased a new position in PulteGroup in the 3rd quarter worth $37,000. Hedge funds and other institutional investors own 85.59% of the company’s stock.
In related news, CFO Robert Oshaughnessy sold 54,774 shares of the business’s stock in a transaction dated Tuesday, August 4th. The shares were sold at an average price of $44.08, for a total transaction of $2,414,437.92. Following the sale, the chief financial officer now owns 244,743 shares of the company’s stock, valued at $10,788,271.44. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 0.60% of the company’s stock.
PulteGroup (NYSE:PHM) last announced its earnings results on Thursday, July 23rd. The construction company reported $1.15 earnings per share for the quarter, beating analysts’ consensus estimates of $0.84 by $0.31. The firm had revenue of $2.59 billion for the quarter, compared to analyst estimates of $2.53 billion. PulteGroup had a net margin of 10.94% and a return on equity of 20.10%. The company’s revenue for the quarter was up 3.8% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.86 EPS. On average, research analysts forecast that PulteGroup, Inc. will post 4.14 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which was paid on Tuesday, October 6th. Stockholders of record on Monday, September 21st were paid a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a dividend yield of 1.01%. The ex-dividend date was Friday, September 18th. PulteGroup’s payout ratio is 13.75%.
A number of equities analysts recently commented on the stock. Zacks Investment Research cut shares of PulteGroup from a “buy” rating to a “hold” rating and set a $46.00 target price on the stock. in a research report on Monday, September 28th. Citigroup lifted their target price on shares of PulteGroup from $43.00 to $44.00 and gave the stock a “buy” rating in a research report on Wednesday, July 22nd. Credit Suisse Group lifted their target price on shares of PulteGroup from $38.00 to $45.00 and gave the stock a “neutral” rating in a research report on Friday, July 24th. Royal Bank of Canada restated a “hold” rating on shares of PulteGroup in a research report on Thursday, July 30th. Finally, Raymond James upgraded shares of PulteGroup from a “market perform” rating to an “outperform” rating and set a $48.00 price objective on the stock in a research report on Friday, July 24th. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating and eight have assigned a buy rating to the stock. The company presently has an average rating of “Hold” and an average target price of $45.40.
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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