Nisa Investment Advisors LLC maintained its stake in shares of PulteGroup, Inc. (NYSE:PHM) during the second quarter, according to its most recent filing with the SEC. The fund owned 90,284 shares of the construction company’s stock at the end of the second quarter. Nisa Investment Advisors LLC’s holdings in PulteGroup were worth $2,188,000 as of its most recent SEC filing.
A number of other institutional investors also recently bought and sold shares of the stock. Thrivent Financial for Lutherans raised its position in shares of PulteGroup by 1.1% in the fourth quarter. Thrivent Financial for Lutherans now owns 10,162 shares of the construction company’s stock worth $187,000 after buying an additional 110 shares in the last quarter. Thrivent Financial For Lutherans increased its stake in shares of PulteGroup by 3.2% in the first quarter. Thrivent Financial For Lutherans now owns 10,492 shares of the construction company’s stock worth $247,000 after buying an additional 330 shares during the last quarter. Bank of The West increased its stake in shares of PulteGroup by 2.1% in the first quarter. Bank of The West now owns 18,911 shares of the construction company’s stock worth $445,000 after buying an additional 382 shares during the last quarter. Winslow Evans & Crocker Inc. increased its stake in shares of PulteGroup by 3.6% in the second quarter. Winslow Evans & Crocker Inc. now owns 11,490 shares of the construction company’s stock worth $281,000 after buying an additional 400 shares during the last quarter. Finally, IFP Advisors Inc increased its stake in shares of PulteGroup by 12.0% in the first quarter. IFP Advisors Inc now owns 5,959 shares of the construction company’s stock worth $140,000 after buying an additional 638 shares during the last quarter. Institutional investors own 92.52% of the company’s stock.
Shares of PulteGroup, Inc. (NYSE PHM) remained flat at $25.31 on Wednesday. 3,419,089 shares of the company traded hands. PulteGroup, Inc. has a 1-year low of $17.69 and a 1-year high of $25.72. The stock has a market cap of $7.64 billion, a P/E ratio of 14.01 and a beta of 1.14. The company’s 50 day moving average price is $24.47 and its 200-day moving average price is $23.05. PulteGroup also saw some unusual options trading on Tuesday. Stock traders bought 29,638 put options on the stock. This is an increase of 1,131% compared to the typical daily volume of 2,408 put options.
PulteGroup (NYSE:PHM) last announced its earnings results on Tuesday, July 25th. The construction company reported $0.47 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.45 by $0.02. The business had revenue of $2.02 billion for the quarter, compared to analyst estimates of $2.03 billion. PulteGroup had a return on equity of 13.43% and a net margin of 7.35%. The company’s revenue for the quarter was up 12.3% compared to the same quarter last year. During the same period in the previous year, the company earned $0.37 earnings per share. Equities analysts predict that PulteGroup, Inc. will post $2.09 earnings per share for the current fiscal year.
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A number of brokerages recently weighed in on PHM. BidaskClub downgraded shares of PulteGroup from a “buy” rating to a “hold” rating in a research note on Monday, July 31st. UBS AG downgraded shares of PulteGroup from a “positive” rating to a “neutral” rating in a research note on Wednesday, July 26th. Zacks Investment Research downgraded shares of PulteGroup from a “buy” rating to a “hold” rating in a research note on Friday, July 28th. Wedbush restated a “neutral” rating and issued a $22.00 target price on shares of PulteGroup in a report on Tuesday, July 25th. Finally, Susquehanna Bancshares Inc cut shares of PulteGroup from a “positive” rating to a “neutral” rating and set a $26.00 target price on the stock. in a report on Wednesday, July 26th. One equities research analyst has rated the stock with a sell rating, ten have assigned a hold rating and five have issued a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus price target of $25.08.
In related news, Director Brian P. Anderson sold 14,000 shares of PulteGroup stock in a transaction dated Tuesday, June 6th. The stock was sold at an average price of $23.18, for a total value of $324,520.00. Following the completion of the transaction, the director now directly owns 108,744 shares in the company, valued at $2,520,685.92. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.71% of the stock is currently owned by company insiders.
PulteGroup, Inc is a homebuilder in the United States. The Company’s segments include Homebuilding and Financial Services. Its Homebuilding operations are engaged in the acquisition and development of land primarily for residential purposes within the United States and the construction of housing on such land.
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