Signature Estate & Investment Advisors LLC increased its position in shares of PulteGroup, Inc. (NYSE:PHM) by 15.8% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 25,882 shares of the construction company’s stock after buying an additional 3,536 shares during the period. Signature Estate & Investment Advisors LLC’s holdings in PulteGroup were worth $707,000 at the end of the most recent reporting period.
Other institutional investors have also recently added to or reduced their stakes in the company. Tower Research Capital LLC TRC increased its stake in PulteGroup by 3.8% during the 2nd quarter. Tower Research Capital LLC TRC now owns 4,086 shares of the construction company’s stock worth $100,000 after buying an additional 148 shares during the period. Northwestern Mutual Wealth Management Co. increased its stake in PulteGroup by 7.3% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 6,845 shares of the construction company’s stock worth $168,000 after buying an additional 465 shares during the period. Koch Industries Inc. purchased a new stake in PulteGroup during the 2nd quarter worth $220,000. QCM Cayman Ltd. purchased a new stake in PulteGroup during the 2nd quarter worth $223,000. Finally, BKS Advisors LLC purchased a new stake in PulteGroup during the 2nd quarter worth $232,000. 87.54% of the stock is currently owned by hedge funds and other institutional investors.
In other PulteGroup news, insider James R. Ellinghausen sold 136,912 shares of the business’s stock in a transaction dated Friday, October 27th. The shares were sold at an average price of $29.70, for a total transaction of $4,066,286.40. Following the completion of the transaction, the insider now directly owns 294,369 shares of the company’s stock, valued at approximately $8,742,759.30. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 0.71% of the company’s stock.
Shares of PulteGroup, Inc. (PHM) traded up $0.42 during trading hours on Tuesday, hitting $31.57. 4,867,200 shares of the company were exchanged, compared to its average volume of 5,072,853. The company has a current ratio of 0.25, a quick ratio of 0.25 and a debt-to-equity ratio of 0.72. PulteGroup, Inc. has a twelve month low of $18.18 and a twelve month high of $31.67. The company has a market cap of $9,280.00, a P/E ratio of 15.19, a PEG ratio of 0.91 and a beta of 1.17.
PulteGroup (NYSE:PHM) last announced its quarterly earnings data on Tuesday, October 24th. The construction company reported $0.60 earnings per share for the quarter, beating analysts’ consensus estimates of $0.59 by $0.01. The business had revenue of $2.13 billion during the quarter, compared to the consensus estimate of $2.30 billion. PulteGroup had a net margin of 7.77% and a return on equity of 14.38%. The company’s revenue for the quarter was up 9.6% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.43 EPS. analysts expect that PulteGroup, Inc. will post 2.18 earnings per share for the current fiscal year.
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Several equities research analysts recently issued reports on PHM shares. Zacks Investment Research downgraded shares of PulteGroup from a “buy” rating to a “hold” rating in a research note on Friday, July 28th. UBS AG downgraded shares of PulteGroup from a “positive” rating to a “neutral” rating in a research report on Wednesday, July 26th. Citigroup Inc. downgraded shares of PulteGroup from a “neutral” rating to a “sell” rating and set a $26.00 target price for the company. in a research report on Friday, October 20th. Bank of America Corporation set a $34.00 target price on shares of PulteGroup and gave the stock a “buy” rating in a research report on Wednesday, October 25th. Finally, Susquehanna Bancshares Inc downgraded shares of PulteGroup from a “positive” rating to a “neutral” rating and set a $26.00 target price for the company. in a research report on Wednesday, July 26th. Two research analysts have rated the stock with a sell rating, nine have issued a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company. PulteGroup currently has a consensus rating of “Hold” and an average target price of $28.67.
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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