Vanguard Group Inc. Trims Holdings in PulteGroup, Inc. (NYSE:PHM)

Vanguard Group Inc. decreased its holdings in PulteGroup, Inc. (NYSE:PHM) by 0.1% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 29,809,640 shares of the construction company’s stock after selling 20,506 shares during the period. Vanguard Group Inc. owned about 0.11% of PulteGroup worth $942,580,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also added to or reduced their stakes in the company. Geode Capital Management LLC increased its stake in shares of PulteGroup by 4.1% during the fourth quarter. Geode Capital Management LLC now owns 3,726,118 shares of the construction company’s stock valued at $96,689,000 after buying an additional 145,187 shares during the period. Raymond James Financial Services Advisors Inc. increased its stake in shares of PulteGroup by 44.1% during the first quarter. Raymond James Financial Services Advisors Inc. now owns 53,402 shares of the construction company’s stock valued at $1,493,000 after buying an additional 16,332 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS increased its stake in shares of PulteGroup by 5.7% during the first quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 14,906 shares of the construction company’s stock valued at $417,000 after buying an additional 810 shares during the period. Keybank National Association OH increased its stake in shares of PulteGroup by 159.7% during the first quarter. Keybank National Association OH now owns 25,843 shares of the construction company’s stock valued at $723,000 after buying an additional 15,891 shares during the period. Finally, Penserra Capital Management LLC increased its stake in shares of PulteGroup by 74.9% during the first quarter. Penserra Capital Management LLC now owns 2,088 shares of the construction company’s stock valued at $58,000 after buying an additional 894 shares during the period. Institutional investors and hedge funds own 86.33% of the company’s stock.

In other news, Director Brian P. Anderson sold 21,191 shares of the firm’s stock in a transaction dated Friday, July 12th. The stock was sold at an average price of $33.03, for a total value of $699,938.73. Following the completion of the transaction, the director now directly owns 80,065 shares in the company, valued at $2,644,546.95. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Brian P. Anderson sold 18,766 shares of the firm’s stock in a transaction dated Monday, July 8th. The stock was sold at an average price of $32.28, for a total value of $605,766.48. Following the completion of the transaction, the director now owns 104,735 shares of the company’s stock, valued at $3,380,845.80. The disclosure for this sale can be found here. In the last three months, insiders sold 44,957 shares of company stock valued at $1,475,705. Corporate insiders own 0.49% of the company’s stock.



Several brokerages have recently commented on PHM. Royal Bank of Canada set a $33.00 price target on PulteGroup and gave the company a “hold” rating in a research note on Monday, August 26th. JPMorgan Chase & Co. upgraded PulteGroup from a “neutral” rating to an “overweight” rating and raised their price target for the company from $30.00 to $37.50 in a research note on Wednesday, September 11th. SunTrust Banks began coverage on PulteGroup in a research note on Monday, August 12th. They set a “buy” rating and a $38.00 price target on the stock. Finally, Seaport Global Securities began coverage on PulteGroup in a research note on Friday, August 23rd. They set a “buy” rating and a $44.00 price target on the stock. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating and six have issued a buy rating to the company. The company has an average rating of “Hold” and an average target price of $31.49.

NYSE PHM traded up $0.03 during trading on Monday, hitting $35.71. The company’s stock had a trading volume of 92,536 shares, compared to its average volume of 3,186,305. The company has a debt-to-equity ratio of 0.54, a current ratio of 0.51 and a quick ratio of 0.51. The company has a market cap of $9.72 billion, a PE ratio of 9.95, a P/E/G ratio of 1.40 and a beta of 0.67. The business’s 50 day simple moving average is $33.24 and its 200-day simple moving average is $31.36. PulteGroup, Inc. has a fifty-two week low of $20.64 and a fifty-two week high of $35.75.

PulteGroup (NYSE:PHM) last issued its quarterly earnings results on Tuesday, July 23rd. The construction company reported $0.86 earnings per share for the quarter, topping the consensus estimate of $0.82 by $0.04. The business had revenue of $2.49 billion during the quarter, compared to the consensus estimate of $2.47 billion. PulteGroup had a return on equity of 20.68% and a net margin of 9.23%. The company’s quarterly revenue was down 3.1% on a year-over-year basis. During the same quarter last year, the company earned $0.89 earnings per share. Analysts expect that PulteGroup, Inc. will post 3.42 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Thursday, October 3rd. Shareholders of record on Wednesday, September 18th will be issued a $0.11 dividend. This represents a $0.44 annualized dividend and a yield of 1.23%. The ex-dividend date of this dividend is Tuesday, September 17th. PulteGroup’s dividend payout ratio is presently 12.26%.

PulteGroup Profile

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.

Further Reading: What does a market perform rating mean?

Want to see what other hedge funds are holding PHM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for PulteGroup, Inc. (NYSE:PHM).

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.