First Allied Advisory Services Inc. Sells 2,589 Shares of PulteGroup, Inc. (NYSE:PHM)

First Allied Advisory Services Inc. lessened its stake in shares of PulteGroup, Inc. (NYSE:PHM) by 12.3% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 18,482 shares of the construction company’s stock after selling 2,589 shares during the period. First Allied Advisory Services Inc.’s holdings in PulteGroup were worth $676,000 at the end of the most recent reporting period.

Other large investors also recently added to or reduced their stakes in the company. Charles Schwab Investment Management Inc. grew its position in PulteGroup by 17.3% during the 2nd quarter. Charles Schwab Investment Management Inc. now owns 2,408,339 shares of the construction company’s stock worth $76,152,000 after purchasing an additional 355,575 shares during the last quarter. Nuveen Asset Management LLC grew its position in PulteGroup by 416.9% during the 2nd quarter. Nuveen Asset Management LLC now owns 1,994,991 shares of the construction company’s stock worth $63,081,000 after purchasing an additional 1,609,068 shares during the last quarter. Xact Kapitalforvaltning AB grew its position in PulteGroup by 10.8% during the 2nd quarter. Xact Kapitalforvaltning AB now owns 57,928 shares of the construction company’s stock worth $1,832,000 after purchasing an additional 5,656 shares during the last quarter. Oregon Public Employees Retirement Fund grew its position in PulteGroup by 44.1% during the 2nd quarter. Oregon Public Employees Retirement Fund now owns 105,489 shares of the construction company’s stock worth $3,336,000 after purchasing an additional 32,259 shares during the last quarter. Finally, Ibex Wealth Advisors purchased a new stake in PulteGroup during the 2nd quarter worth approximately $37,000. 88.04% of the stock is currently owned by institutional investors.

PHM stock opened at $39.49 on Tuesday. The firm’s fifty day simple moving average is $38.28 and its 200-day simple moving average is $34.09. The company has a market capitalization of $10.66 billion, a P/E ratio of 11.00, a price-to-earnings-growth ratio of 1.38 and a beta of 0.64. The company has a debt-to-equity ratio of 0.53, a current ratio of 0.57 and a quick ratio of 0.57. PulteGroup, Inc. has a 12 month low of $24.45 and a 12 month high of $41.22.

PulteGroup (NYSE:PHM) last released its quarterly earnings data on Tuesday, October 22nd. The construction company reported $1.01 EPS for the quarter, beating the consensus estimate of $0.92 by $0.09. The business had revenue of $2.71 billion for the quarter, compared to the consensus estimate of $2.58 billion. PulteGroup had a net margin of 9.01% and a return on equity of 20.02%. The business’s revenue for the quarter was up 2.3% on a year-over-year basis. During the same period in the prior year, the firm earned $1.01 EPS. As a group, sell-side analysts forecast that PulteGroup, Inc. will post 3.54 earnings per share for the current year.

In other news, SVP James L. Ossowski sold 10,000 shares of the company’s stock in a transaction on Thursday, October 24th. The shares were sold at an average price of $39.95, for a total value of $399,500.00. Following the sale, the senior vice president now directly owns 25,750 shares of the company’s stock, valued at approximately $1,028,712.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.49% of the stock is owned by corporate insiders.

Several analysts have weighed in on PHM shares. Buckingham Research boosted their target price on shares of PulteGroup from $37.00 to $41.00 and gave the stock a “neutral” rating in a research report on Thursday, October 24th. Seaport Global Securities downgraded shares of PulteGroup from a “buy” rating to a “neutral” rating in a research report on Monday, November 4th. ValuEngine raised shares of PulteGroup from a “sell” rating to a “hold” rating in a research report on Friday, November 1st. Royal Bank of Canada set a $33.00 target price on shares of PulteGroup and gave the stock a “hold” rating in a research report on Monday, August 26th. Finally, Zacks Investment Research raised shares of PulteGroup from a “hold” rating to a “strong-buy” rating and set a $42.00 target price on the stock in a research report on Wednesday, October 23rd. Nine analysts have rated the stock with a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the stock. The company has an average rating of “Hold” and a consensus target price of $36.53.

PulteGroup Company 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.

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Institutional Ownership by Quarter for PulteGroup (NYSE:PHM)

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