Dynamic Technology Lab Private Ltd Takes $581,000 Position in PulteGroup, Inc. (PHM)

Dynamic Technology Lab Private Ltd purchased a new stake in shares of PulteGroup, Inc. (NYSE:PHM) during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm purchased 20,215 shares of the construction company’s stock, valued at approximately $581,000.

A number of other hedge funds also recently made changes to their positions in the business. Tocqueville Asset Management L.P. grew its holdings in PulteGroup by 32.6% during the second quarter. Tocqueville Asset Management L.P. now owns 25,687 shares of the construction company’s stock valued at $739,000 after purchasing an additional 6,322 shares during the last quarter. AMP Capital Investors Ltd grew its stake in shares of PulteGroup by 18.2% in the second quarter. AMP Capital Investors Ltd now owns 289,600 shares of the construction company’s stock worth $8,326,000 after acquiring an additional 44,639 shares during the last quarter. Flinton Capital Management LLC grew its stake in shares of PulteGroup by 83.7% in the second quarter. Flinton Capital Management LLC now owns 331,104 shares of the construction company’s stock worth $9,519,000 after acquiring an additional 150,864 shares during the last quarter. Glen Harbor Capital Management LLC grew its stake in shares of PulteGroup by 83.7% in the second quarter. Glen Harbor Capital Management LLC now owns 579,432 shares of the construction company’s stock worth $16,659,000 after acquiring an additional 264,012 shares during the last quarter. Finally, Sustainable Insight Capital Management LLC grew its stake in shares of PulteGroup by 139.0% in the second quarter. Sustainable Insight Capital Management LLC now owns 17,928 shares of the construction company’s stock worth $515,000 after acquiring an additional 10,428 shares during the last quarter. Institutional investors own 87.12% of the company’s stock.

In other PulteGroup news, Director Brian P. Anderson sold 5,000 shares of PulteGroup stock in a transaction on Monday, August 27th. The shares were sold at an average price of $28.96, for a total transaction of $144,800.00. Following the sale, the director now owns 101,235 shares in the company, valued at $2,931,765.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 0.86% of the stock is owned by insiders.



Shares of PulteGroup stock opened at $27.02 on Friday. PulteGroup, Inc. has a 1 year low of $25.49 and a 1 year high of $35.21. The company has a debt-to-equity ratio of 0.66, a quick ratio of 0.40 and a current ratio of 0.40. The firm has a market capitalization of $7.80 billion, a PE ratio of 12.34, a P/E/G ratio of 0.40 and a beta of 1.04.

PulteGroup (NYSE:PHM) last posted its quarterly earnings results on Thursday, July 26th. The construction company reported $0.89 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.74 by $0.15. PulteGroup had a net margin of 7.92% and a return on equity of 19.95%. The firm had revenue of $2.57 billion for the quarter, compared to the consensus estimate of $2.38 billion. During the same quarter in the previous year, the company earned $0.47 earnings per share. The business’s revenue was up 27.1% compared to the same quarter last year. sell-side analysts anticipate that PulteGroup, Inc. will post 3.51 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, October 3rd. Shareholders of record on Tuesday, September 18th will be paid a dividend of $0.09 per share. The ex-dividend date of this dividend is Monday, September 17th. This represents a $0.36 dividend on an annualized basis and a yield of 1.33%. PulteGroup’s dividend payout ratio is currently 16.44%.

Several equities research analysts have recently issued reports on the stock. Barclays set a $30.00 price objective on shares of PulteGroup and gave the stock a “hold” rating in a research note on Friday. ValuEngine downgraded shares of PulteGroup from a “hold” rating to a “sell” rating in a research note on Friday, August 3rd. Susquehanna Bancshares set a $32.00 price objective on shares of PulteGroup and gave the stock a “hold” rating in a research note on Friday, July 27th. Citigroup upgraded shares of PulteGroup from a “sell” rating to a “neutral” rating in a research note on Tuesday, June 19th. Finally, Wedbush restated a “neutral” rating on shares of PulteGroup in a research note on Monday, July 16th. Two analysts have rated the stock with a sell rating, seven have assigned a hold rating, nine have issued a buy rating and one has given a strong buy rating to the stock. The stock currently has an average rating of “Hold” and an average target price of $34.93.

PulteGroup Company Profile

PulteGroup, Inc, through its subsidiaries, primarily engages in the homebuilding business in the United States. The company is involved in the acquisition and development of land primarily for residential purposes; and the construction of 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 names.

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Institutional Ownership by Quarter for PulteGroup (NYSE:PHM)

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