Sentry Investment Management LLC Invests $420,000 in PulteGroup, Inc. (PHM) Stock

Sentry Investment Management LLC acquired a new position in shares of PulteGroup, Inc. (NYSE:PHM) in the third quarter, according to its most recent 13F filing with the SEC. The institutional investor acquired 16,936 shares of the construction company’s stock, valued at approximately $420,000.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Bank of America Corp DE grew its stake in PulteGroup by 1.5% during the 2nd quarter. Bank of America Corp DE now owns 7,112,473 shares of the construction company’s stock worth $204,484,000 after buying an additional 106,483 shares during the last quarter. Greenhaven Associates Inc. boosted its position in PulteGroup by 7.1% during the 2nd quarter. Greenhaven Associates Inc. now owns 6,987,595 shares of the construction company’s stock worth $200,893,000 after acquiring an additional 464,700 shares during the period. American Century Companies Inc. boosted its position in PulteGroup by 53.9% during the 3rd quarter. American Century Companies Inc. now owns 6,096,979 shares of the construction company’s stock worth $151,022,000 after acquiring an additional 2,136,034 shares during the period. Janus Henderson Group PLC boosted its position in PulteGroup by 5.8% during the 2nd quarter. Janus Henderson Group PLC now owns 4,711,816 shares of the construction company’s stock worth $135,466,000 after acquiring an additional 260,199 shares during the period. Finally, Morgan Stanley boosted its position in PulteGroup by 35.9% during the 2nd quarter. Morgan Stanley now owns 3,812,643 shares of the construction company’s stock worth $109,614,000 after acquiring an additional 1,007,452 shares during the period. Hedge funds and other institutional investors own 87.23% of the company’s stock.

Shares of PulteGroup stock opened at $24.44 on Friday. The company has a quick ratio of 0.56, a current ratio of 0.56 and a debt-to-equity ratio of 0.64. The firm has a market capitalization of $7.05 billion, a PE ratio of 11.16, a PEG ratio of 0.39 and a beta of 0.92. PulteGroup, Inc. has a fifty-two week low of $20.64 and a fifty-two week high of $35.21.

PulteGroup (NYSE:PHM) last announced its quarterly earnings data on Tuesday, October 23rd. The construction company reported $1.01 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.95 by $0.06. The business had revenue of $2.65 billion during the quarter, compared to analyst estimates of $2.62 billion. PulteGroup had a return on equity of 21.98% and a net margin of 8.63%. The company’s revenue was up 24.3% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.60 earnings per share. Equities analysts anticipate that PulteGroup, Inc. will post 3.58 earnings per share for the current fiscal year.

A number of brokerages have issued reports on PHM. Mizuho lowered PulteGroup from a “buy” rating to a “neutral” rating and set a $31.00 price target for the company. in a research report on Tuesday, August 7th. ValuEngine lowered PulteGroup from a “hold” rating to a “sell” rating in a research report on Friday, August 3rd. Citigroup reduced their price target on PulteGroup from $32.00 to $26.00 and set a “hold” rating for the company in a research report on Wednesday, October 10th. Wedbush reiterated a “neutral” rating on shares of PulteGroup in a research report on Monday, July 16th. Finally, JMP Securities reiterated a “hold” rating on shares of PulteGroup in a research report on Tuesday, July 31st. Three analysts have rated the stock with a sell rating, nine have issued a hold rating and seven have assigned a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus price target of $31.13.

In other news, Director Brian P. Anderson sold 5,000 shares of the company’s stock in a transaction on Monday, August 27th. The stock was sold at an average price of $28.96, for a total value of $144,800.00. Following the completion of the sale, the director now owns 101,235 shares in the company, valued at $2,931,765.60. The sale was disclosed in a legal filing with the SEC, which is available at this link. Corporate insiders own 0.86% of the company’s stock.

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About PulteGroup

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.

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Institutional Ownership by Quarter for PulteGroup (NYSE:PHM)

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