PulteGroup, Inc. (PHM) Position Boosted by Ameriprise Financial Inc.
Ameriprise Financial Inc. increased its position in PulteGroup, Inc. (NYSE:PHM) by 200.3% in the third quarter, according to its most recent 13F filing with the SEC. The firm owned 1,032,881 shares of the construction company’s stock after purchasing an additional 688,882 shares during the period. Ameriprise Financial Inc. owned about 0.35% of PulteGroup worth $28,234,000 at the end of the most recent reporting period.
Other institutional investors have also recently bought and sold shares of the company. Achmea Investment Management B.V. acquired a new position in PulteGroup in the 2nd quarter worth approximately $253,000. Peloton Wealth Strategists boosted its stake in PulteGroup by 4.7% in the 2nd quarter. Peloton Wealth Strategists now owns 89,700 shares of the construction company’s stock worth $2,200,000 after purchasing an additional 4,000 shares during the period. Aviva PLC boosted its stake in PulteGroup by 9.5% in the 2nd quarter. Aviva PLC now owns 179,277 shares of the construction company’s stock worth $4,399,000 after purchasing an additional 15,540 shares during the period. Mirador Capital Partners LP boosted its stake in PulteGroup by 3.7% in the 2nd quarter. Mirador Capital Partners LP now owns 48,655 shares of the construction company’s stock worth $1,246,000 after purchasing an additional 1,728 shares during the period. Finally, HAP Trading LLC boosted its stake in PulteGroup by 26.7% in the 2nd quarter. HAP Trading LLC now owns 96,520 shares of the construction company’s stock worth $2,368,000 after purchasing an additional 20,336 shares during the period. 84.80% of the stock is owned by hedge funds and other institutional investors.
A number of research firms have issued reports on PHM. Zacks Investment Research upgraded shares of PulteGroup from a “hold” rating to a “buy” rating and set a $29.00 target price for the company in a research report on Tuesday, September 26th. Citigroup downgraded shares of PulteGroup from a “neutral” rating to a “sell” rating and set a $26.00 target price for the company. in a research report on Friday, October 20th. Bank of America set a $34.00 target price on shares of PulteGroup and gave the stock a “buy” rating in a research report on Wednesday, October 25th. Buckingham Research downgraded shares of PulteGroup from a “buy” rating to a “neutral” rating and increased their target price for the stock from $31.00 to $33.00 in a research report on Sunday, November 26th. Finally, B. Riley reiterated a “buy” rating on shares of PulteGroup in a research report on Wednesday, November 1st. Two research analysts have rated the stock with a sell rating, eight have issued a hold rating, six have issued a buy rating and one has given a strong buy rating to the stock. The company has an average rating of “Hold” and an average price target of $29.92.
PulteGroup, Inc. (NYSE:PHM) traded down $0.39 during trading on Thursday, hitting $33.10. 4,990,100 shares of the stock were exchanged, compared to its average volume of 5,086,797. The company has a market cap of $9,844.98, a P/E ratio of 16.34, a P/E/G ratio of 0.89 and a beta of 1.21. The company has a quick ratio of 0.25, a current ratio of 0.25 and a debt-to-equity ratio of 0.72. PulteGroup, Inc. has a fifty-two week low of $18.18 and a fifty-two week high of $34.60.
PulteGroup (NYSE:PHM) last released its quarterly earnings results on Tuesday, October 24th. The construction company reported $0.60 earnings per share for the quarter, beating analysts’ consensus estimates of $0.59 by $0.01. The business had revenue of $2.13 billion for the quarter, compared to the consensus estimate of $2.30 billion. PulteGroup had a net margin of 7.77% and a return on equity of 14.38%. PulteGroup’s revenue for the quarter was up 9.6% on a year-over-year basis. During the same quarter last year, the firm earned $0.43 EPS. equities research analysts anticipate that PulteGroup, Inc. will post 2.2 EPS for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, January 3rd. Stockholders of record on Tuesday, December 12th will be issued a dividend of $0.09 per share. The ex-dividend date is Monday, December 11th. This represents a $0.36 dividend on an annualized basis and a dividend yield of 1.09%. PulteGroup’s dividend payout ratio is currently 17.91%.
In other news, insider James R. Ellinghausen sold 67,490 shares of the firm’s stock in a transaction on Monday, November 20th. The shares were sold at an average price of $32.35, for a total transaction of $2,183,301.50. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, insider James R. Ellinghausen sold 136,912 shares of the firm’s stock in a transaction on Friday, October 27th. The shares were sold at an average price of $29.70, for a total transaction of $4,066,286.40. Following the transaction, the insider now owns 294,369 shares in the company, valued at approximately $8,742,759.30. The disclosure for this sale can be found here. 0.71% of the stock is currently owned by company insiders.
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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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