Pendal Group Ltd Takes Position in PulteGroup, Inc. (NYSE:PHM)

Pendal Group Ltd purchased a new stake in PulteGroup, Inc. (NYSE:PHM) in the 2nd quarter, according to its most recent disclosure with the SEC. The fund purchased 2,291 shares of the construction company’s stock, valued at approximately $72,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. BlackRock Inc. lifted its position in PulteGroup by 3.5% in the 1st quarter. BlackRock Inc. now owns 20,802,851 shares of the construction company’s stock valued at $581,647,000 after purchasing an additional 695,085 shares during the last quarter. Dimensional Fund Advisors LP lifted its position in PulteGroup by 4.4% in the 4th quarter. Dimensional Fund Advisors LP now owns 8,530,759 shares of the construction company’s stock valued at $221,724,000 after purchasing an additional 361,635 shares during the last quarter. Northern Trust Corp lifted its position in PulteGroup by 6.7% in the 1st quarter. Northern Trust Corp now owns 3,738,682 shares of the construction company’s stock valued at $104,533,000 after purchasing an additional 234,028 shares during the last quarter. Geode Capital Management LLC lifted its position in PulteGroup by 4.1% in the 4th quarter. Geode Capital Management LLC now owns 3,726,118 shares of the construction company’s stock valued at $96,689,000 after purchasing an additional 145,187 shares during the last quarter. Finally, Janus Henderson Group PLC lifted its position in PulteGroup by 15.6% in the 2nd quarter. Janus Henderson Group PLC now owns 2,088,316 shares of the construction company’s stock valued at $66,033,000 after purchasing an additional 281,443 shares during the last quarter. 87.07% of the stock is owned by institutional investors and hedge funds.

In other PulteGroup news, insider Michelle H. Hairston sold 10,000 shares of the business’s stock in a transaction dated Friday, May 31st. The shares were sold at an average price of $31.25, for a total transaction of $312,500.00. Following the sale, the insider now directly owns 62,933 shares in the company, valued at approximately $1,966,656.25. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider James L. Ossowski sold 5,000 shares of the business’s stock in a transaction dated Monday, July 22nd. The stock was sold at an average price of $34.00, for a total transaction of $170,000.00. Following the sale, the insider now owns 25,750 shares in the company, valued at $875,500. The disclosure for this sale can be found here. Insiders have sold a total of 54,957 shares of company stock worth $1,788,205 over the last 90 days. 0.49% of the stock is owned by insiders.



Several analysts recently weighed in on PHM shares. SunTrust Banks started coverage on shares of PulteGroup in a research report on Monday, August 12th. They issued a “buy” rating and a $38.00 price objective on the stock. Royal Bank of Canada upgraded shares of PulteGroup from an “underperform” rating to a “sector perform” rating and lifted their price objective for the company from $29.00 to $33.00 in a research report on Wednesday, July 24th. Zacks Investment Research upgraded shares of PulteGroup from a “sell” rating to a “buy” rating and set a $35.00 price objective on the stock in a research report on Thursday, April 25th. Finally, BTIG Research upgraded shares of PulteGroup from a “sell” rating to a “neutral” rating and set a $31.35 price objective on the stock in a research report on Wednesday, April 24th. One investment analyst has rated the stock with a sell rating, ten have given a hold rating and four have issued a buy rating to the company. PulteGroup has a consensus rating of “Hold” and a consensus target price of $29.60.

Shares of PHM stock traded up $0.67 during midday trading on Friday, reaching $32.07. 2,448,600 shares of the company were exchanged, compared to its average volume of 4,040,359. PulteGroup, Inc. has a 12 month low of $20.64 and a 12 month high of $34.03. The company has a market cap of $8.61 billion, a P/E ratio of 8.93, a PEG ratio of 1.24 and a beta of 0.72. The company’s 50 day moving average price is $32.18 and its two-hundred day moving average price is $30.25. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.51 and a current ratio of 0.51.

PulteGroup (NYSE:PHM) last released 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. PulteGroup had a net margin of 9.23% and a return on equity of 20.68%. The company had revenue of $2.49 billion for the quarter, compared to the consensus estimate of $2.47 billion. During the same period in the previous year, the firm earned $0.89 EPS. PulteGroup’s revenue was down 3.1% on a year-over-year basis. As a group, sell-side analysts predict that PulteGroup, Inc. will post 3.42 earnings per share for the current year.

About PulteGroup

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.

Featured Article: What are the most popular ETFs

Institutional Ownership by Quarter for PulteGroup (NYSE:PHM)

Receive News & Ratings for PulteGroup Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for PulteGroup and related companies with MarketBeat.com's FREE daily email newsletter.