Rothschild & Co. Asset Management US Inc. cut its position in shares of PulteGroup, Inc. (NYSE:PHM) by 35.9% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 644,946 shares of the construction company’s stock after selling 361,088 shares during the quarter. Rothschild & Co. Asset Management US Inc. owned about 0.24% of PulteGroup worth $29,855,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also recently bought and sold shares of the company. Private Advisor Group LLC acquired a new stake in shares of PulteGroup during the second quarter worth $28,000. Sandy Spring Bank boosted its stake in PulteGroup by 172.4% during the second quarter. Sandy Spring Bank now owns 858 shares of the construction company’s stock worth $29,000 after acquiring an additional 543 shares in the last quarter. Vigilant Capital Management LLC bought a new position in PulteGroup during the third quarter worth $37,000. Smithfield Trust Co. boosted its stake in PulteGroup by 122.5% during the second quarter. Smithfield Trust Co. now owns 1,335 shares of the construction company’s stock worth $46,000 after acquiring an additional 735 shares in the last quarter. Finally, Planned Solutions Inc. bought a new position in PulteGroup during the third quarter worth $51,000. Institutional investors own 85.59% of the company’s stock.
In related news, EVP Todd N. Sheldon acquired 5,000 shares of the firm’s stock in a transaction that occurred on Tuesday, October 27th. The stock was acquired at an average price of $41.49 per share, for a total transaction of $207,450.00. Following the completion of the acquisition, the executive vice president now owns 63,313 shares of the company’s stock, valued at approximately $2,626,856.37. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 0.60% of the company’s stock.
Shares of PHM traded down $0.12 during trading hours on Tuesday, reaching $42.75. 55,471 shares of the stock traded hands, compared to its average volume of 3,793,437. The company has a current ratio of 1.13, a quick ratio of 1.13 and a debt-to-equity ratio of 0.47. The stock has a fifty day simple moving average of $45.12 and a 200 day simple moving average of $40.04. PulteGroup, Inc. has a 52 week low of $17.12 and a 52 week high of $49.70. The company has a market cap of $11.49 billion, a price-to-earnings ratio of 10.11, a PEG ratio of 0.87 and a beta of 1.37.
PulteGroup (NYSE:PHM) last released its quarterly earnings results on Thursday, October 22nd. The construction company reported $1.34 earnings per share for the quarter, beating analysts’ consensus estimates of $1.15 by $0.19. PulteGroup had a net margin of 10.94% and a return on equity of 20.10%. The company had revenue of $2.95 billion for the quarter, compared to analyst estimates of $2.78 billion. During the same period last year, the firm earned $0.99 earnings per share. The firm’s revenue was up 9.0% on a year-over-year basis. Analysts predict that PulteGroup, Inc. will post 4.19 earnings per share for the current fiscal year.
Several brokerages recently issued reports on PHM. Zelman & Associates lowered shares of PulteGroup from a “buy” rating to a “hold” rating in a research note on Tuesday, October 13th. 140166 raised shares of PulteGroup from a “neutral” rating to a “positive” rating and increased their target price for the stock from $53.00 to $54.00 in a research note on Friday, October 23rd. JPMorgan Chase & Co. raised their price objective on shares of PulteGroup from $52.00 to $70.00 and gave the company an “overweight” rating in a research note on Thursday, October 8th. Royal Bank of Canada raised shares of PulteGroup from a “sector perform” rating to an “outperform” rating and raised their price objective for the company from $52.00 to $53.00 in a research note on Friday, October 23rd. Finally, Citigroup raised their price objective on shares of PulteGroup from $43.00 to $44.00 and gave the company a “buy” rating in a research note on Wednesday, July 22nd. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus target price of $48.27.
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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