PulteGroup, Inc. (PHM) Shares Sold by Retirement Systems of Alabama

Retirement Systems of Alabama reduced its stake in shares of PulteGroup, Inc. (NYSE:PHM) by 2.3% during the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 120,499 shares of the construction company’s stock after selling 2,880 shares during the period. Retirement Systems of Alabama’s holdings in PulteGroup were worth $2,985,000 as of its most recent filing with the SEC.

A number of other hedge funds also recently made changes to their positions in the business. Great West Life Assurance Co. Can raised its holdings in shares of PulteGroup by 0.3% in the second quarter. Great West Life Assurance Co. Can now owns 722,907 shares of the construction company’s stock valued at $20,825,000 after purchasing an additional 2,030 shares during the last quarter. Rehmann Capital Advisory Group raised its holdings in shares of PulteGroup by 54.9% in the second quarter. Rehmann Capital Advisory Group now owns 6,187 shares of the construction company’s stock valued at $178,000 after purchasing an additional 2,193 shares during the last quarter. Reliance Trust Co. of Delaware raised its holdings in shares of PulteGroup by 26.2% in the second quarter. Reliance Trust Co. of Delaware now owns 10,777 shares of the construction company’s stock valued at $310,000 after purchasing an additional 2,240 shares during the last quarter. Alpha Windward LLC raised its holdings in shares of PulteGroup by 13.6% in the third quarter. Alpha Windward LLC now owns 19,080 shares of the construction company’s stock valued at $473,000 after purchasing an additional 2,280 shares during the last quarter. Finally, Centaurus Financial Inc. raised its holdings in shares of PulteGroup by 6.8% in the second quarter. Centaurus Financial Inc. now owns 36,329 shares of the construction company’s stock valued at $1,044,000 after purchasing an additional 2,319 shares during the last quarter. Hedge funds and other institutional investors own 87.23% of the company’s stock.

NYSE:PHM opened at $24.23 on Friday. PulteGroup, Inc. has a 1-year low of $20.64 and a 1-year high of $35.21. The company has a debt-to-equity ratio of 0.64, a current ratio of 0.56 and a quick ratio of 0.56. The firm has a market capitalization of $6.99 billion, a P/E ratio of 11.06, a PEG ratio of 0.39 and a beta of 0.92.

PulteGroup (NYSE:PHM) last released its earnings results on Tuesday, October 23rd. The construction company reported $1.01 earnings per share for the quarter, beating the consensus estimate of $0.95 by $0.06. PulteGroup had a net margin of 8.63% and a return on equity of 21.98%. The business had revenue of $2.65 billion during the quarter, compared to analysts’ expectations of $2.62 billion. During the same period last year, the business earned $0.60 earnings per share. The firm’s revenue was up 24.3% on a year-over-year basis. As a group, sell-side analysts anticipate that PulteGroup, Inc. will post 3.58 EPS for the current year.

In related news, Director Brian P. Anderson sold 5,000 shares of the firm’s stock in a transaction on Monday, August 27th. The shares were sold at an average price of $28.96, for a total value of $144,800.00. Following the completion of the transaction, the director now directly owns 101,235 shares of the company’s stock, valued at $2,931,765.60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.86% of the stock is currently owned by company insiders.

PHM has been the topic of a number of recent research reports. Bank of America set a $32.00 price objective on shares of PulteGroup and gave the company a “buy” rating in a report on Thursday, October 11th. Barclays set a $30.00 price objective on shares of PulteGroup and gave the company a “hold” rating in a report on Friday, September 14th. Citigroup lowered their price objective on shares of PulteGroup from $32.00 to $26.00 and set a “hold” rating on the stock in a report on Wednesday, October 10th. JMP Securities reiterated a “hold” rating on shares of PulteGroup in a report on Tuesday, July 31st. Finally, Susquehanna Bancshares set a $32.00 price objective on shares of PulteGroup and gave the company a “hold” rating in a report on Friday, July 27th. Three research analysts have rated the stock with a sell rating, nine have issued a hold rating and seven have assigned a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus target price of $31.13.

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PulteGroup Company Profile

PulteGroup, Inc, through its subsidiaries, primarily engages in the homebuilding business in the United States. The company is involved in the acquisition and development of land primarily for residential purposes; and the construction of 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 names.

See Also: Dividend Aristocrat Index

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Institutional Ownership by Quarter for PulteGroup (NYSE:PHM)

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