AMP Capital Investors Ltd Raises Holdings in PulteGroup, Inc. (PHM)

AMP Capital Investors Ltd raised its stake in PulteGroup, Inc. (NYSE:PHM) by 27.8% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 251,369 shares of the construction company’s stock after acquiring an additional 54,723 shares during the period. AMP Capital Investors Ltd owned 0.09% of PulteGroup worth $6,871,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. IHT Wealth Management LLC boosted its stake in PulteGroup by 68.5% in the second quarter. IHT Wealth Management LLC now owns 984 shares of the construction company’s stock valued at $1,017,000 after acquiring an additional 400 shares during the period. Tower Research Capital LLC TRC boosted its stake in PulteGroup by 3.8% in the second quarter. Tower Research Capital LLC TRC now owns 4,086 shares of the construction company’s stock valued at $100,000 after acquiring an additional 148 shares during the period. Invictus RG boosted its stake in PulteGroup by 1,473.4% in the third quarter. Invictus RG now owns 4,264 shares of the construction company’s stock valued at $117,000 after acquiring an additional 3,993 shares during the period. Northwestern Mutual Wealth Management Co. boosted its stake in PulteGroup by 7.3% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 6,845 shares of the construction company’s stock valued at $168,000 after acquiring an additional 465 shares during the period. Finally, Timber Hill LLC acquired a new position in PulteGroup in the third quarter valued at approximately $226,000. Institutional investors own 84.80% of the company’s stock.

In related news, insider James R. Ellinghausen sold 67,490 shares of the business’s stock in a transaction that occurred on Monday, November 20th. The stock was sold at an average price of $32.35, for a total transaction of $2,183,301.50. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider James R. Ellinghausen sold 136,912 shares of the business’s stock in a transaction that occurred on Friday, October 27th. The stock was sold at an average price of $29.70, for a total value of $4,066,286.40. Following the sale, the insider now directly owns 294,369 shares in the company, valued at approximately $8,742,759.30. The disclosure for this sale can be found here. In the last three months, insiders have sold 297,202 shares of company stock worth $9,394,580. 0.71% of the stock is owned by corporate insiders.

A number of brokerages have commented on PHM. B. Riley restated a “buy” rating on shares of PulteGroup in a research note on Wednesday, November 1st. BidaskClub upgraded PulteGroup from a “buy” rating to a “strong-buy” rating in a research note on Thursday, August 17th. Zacks Investment Research downgraded PulteGroup from a “buy” rating to a “hold” rating in a research report on Monday, October 30th. Barclays set a $26.00 price objective on PulteGroup and gave the stock a “hold” rating in a research report on Wednesday, October 25th. Finally, Bank of America set a $34.00 price objective on PulteGroup and gave the stock a “buy” rating in a research report on Wednesday, October 25th. 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.

Shares of PulteGroup, Inc. (NYSE:PHM) traded down $0.37 during midday trading on Thursday, hitting $33.32. The stock had a trading volume of 4,116,700 shares, compared to its average volume of 5,066,719. The company has a debt-to-equity ratio of 0.72, a quick ratio of 0.25 and a current ratio of 0.25. The firm has a market capitalization of $9,903.77, a P/E ratio of 16.43, a PEG ratio of 0.90 and a beta of 1.21. PulteGroup, Inc. has a fifty-two week low of $18.18 and a fifty-two week high of $34.60.

PulteGroup (NYSE:PHM) last issued its quarterly earnings data on Tuesday, October 24th. The construction company reported $0.60 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.59 by $0.01. PulteGroup had a return on equity of 14.38% and a net margin of 7.77%. The business had revenue of $2.13 billion during the quarter, compared to the consensus estimate of $2.30 billion. During the same period in the previous year, the firm posted $0.43 earnings per share. The business’s revenue was up 9.6% on a year-over-year basis. equities research analysts forecast that PulteGroup, Inc. will post 2.2 earnings per share for the current year.

The company also recently announced a quarterly dividend, which will be paid on Wednesday, January 3rd. Investors of record on Tuesday, December 12th will be issued a dividend of $0.09 per share. The ex-dividend date of this dividend is Monday, December 11th. This represents a $0.36 annualized dividend and a yield of 1.08%. PulteGroup’s payout ratio is 17.91%.

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About PulteGroup

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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Institutional Ownership by Quarter for PulteGroup (NYSE:PHM)

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