Twin Capital Management Inc. decreased its position in shares of PulteGroup, Inc. (NYSE:PHM) by 30.0% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 197,670 shares of the construction company’s stock after selling 84,760 shares during the period. Twin Capital Management Inc. owned about 0.07% of PulteGroup worth $6,250,000 as of its most recent filing with the Securities and Exchange Commission.
Other hedge funds and other institutional investors have also recently bought and sold shares of the company. DekaBank Deutsche Girozentrale lifted its stake in PulteGroup by 212.9% in the 2nd quarter. DekaBank Deutsche Girozentrale now owns 154,897 shares of the construction company’s stock valued at $4,933,000 after purchasing an additional 105,396 shares during the last quarter. Advisory Services Network LLC lifted its stake in PulteGroup by 3.9% in the 2nd quarter. Advisory Services Network LLC now owns 9,052 shares of the construction company’s stock valued at $286,000 after purchasing an additional 343 shares during the last quarter. Wedge Capital Management L L P NC bought a new position in PulteGroup in the 2nd quarter valued at approximately $842,000. Keybank National Association OH lifted its stake in PulteGroup by 16.5% in the 2nd quarter. Keybank National Association OH now owns 30,113 shares of the construction company’s stock valued at $952,000 after purchasing an additional 4,270 shares during the last quarter. Finally, Pendal Group Ltd bought a new position in PulteGroup in the 2nd quarter valued at approximately $72,000. Institutional investors and hedge funds own 87.07% of the company’s stock.
Several equities analysts have recently issued reports on PHM shares. Royal Bank of Canada raised shares of PulteGroup from an “underperform” rating to a “sector perform” rating and raised their price target for the company from $29.00 to $33.00 in a research note on Wednesday, July 24th. BTIG Research raised shares of PulteGroup from a “sell” rating to a “neutral” rating and set a $31.35 price target for the company in a research note on Wednesday, April 24th. SunTrust Banks started coverage on shares of PulteGroup in a research note on Monday. They set a “buy” rating and a $38.00 price target for the company. Finally, Zacks Investment Research raised shares of PulteGroup from a “sell” rating to a “buy” rating and set a $35.00 price target for the company in a research note on Thursday, April 25th. One analyst has rated the stock with a sell rating, ten have given a hold rating and four have assigned a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus target price of $29.60.
NYSE:PHM traded down $0.03 during trading hours on Thursday, reaching $31.63. The company had a trading volume of 46,647 shares, compared to its average volume of 4,254,143. The company has a current ratio of 0.51, a quick ratio of 0.51 and a debt-to-equity ratio of 0.54. The company has a market capitalization of $8.64 billion, a price-to-earnings ratio of 8.81, a price-to-earnings-growth ratio of 1.25 and a beta of 0.72. The stock has a 50-day moving average price of $32.16. PulteGroup, Inc. has a twelve month low of $20.64 and a twelve month high of $34.03.
PulteGroup (NYSE:PHM) last posted its quarterly earnings results on Tuesday, July 23rd. The construction company reported $0.86 EPS for the quarter, topping analysts’ consensus estimates of $0.82 by $0.04. The business had revenue of $2.49 billion during the quarter, compared to analysts’ expectations of $2.47 billion. PulteGroup had a net margin of 9.23% and a return on equity of 20.68%. The business’s quarterly revenue was down 3.1% on a year-over-year basis. During the same period last year, the company posted $0.89 earnings per share. As a group, equities analysts predict that PulteGroup, Inc. will post 3.41 EPS for the current year.
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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