PulteGroup, Inc. (PHM) Shares Sold by Trust Co. of Virginia VA
Trust Co. of Virginia VA reduced its stake in shares of PulteGroup, Inc. (NYSE:PHM) by 0.3% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 286,846 shares of the construction company’s stock after selling 884 shares during the quarter. Trust Co. of Virginia VA owned about 0.10% of PulteGroup worth $7,036,000 at the end of the most recent quarter.
A number of other large investors also recently made changes to their positions in PHM. BlackRock Inc. raised its stake in PulteGroup by 3,521.7% during the 1st quarter. BlackRock Inc. now owns 22,891,339 shares of the construction company’s stock worth $539,092,000 after acquiring an additional 22,259,277 shares in the last quarter. Renaissance Technologies LLC acquired a new stake in PulteGroup during the 1st quarter worth $92,466,000. LSV Asset Management raised its stake in PulteGroup by 150.9% during the 2nd quarter. LSV Asset Management now owns 2,029,335 shares of the construction company’s stock worth $49,779,000 after acquiring an additional 1,220,579 shares in the last quarter. State of New Jersey Common Pension Fund D acquired a new stake in PulteGroup during the 2nd quarter worth $29,436,000. Finally, Nomura Holdings Inc. raised its stake in PulteGroup by 685.3% during the 1st quarter. Nomura Holdings Inc. now owns 840,453 shares of the construction company’s stock worth $19,798,000 after acquiring an additional 733,435 shares in the last quarter. Hedge funds and other institutional investors own 85.80% of the company’s stock.
A number of research firms have commented on PHM. BidaskClub upgraded shares of PulteGroup from a “buy” rating to a “strong-buy” rating in a research note on Thursday, August 17th. Zacks Investment Research lowered shares of PulteGroup from a “buy” rating to a “hold” rating in a research note on Friday, July 28th. MKM Partners restated a “neutral” rating on shares of PulteGroup in a research note on Tuesday, September 5th. Wedbush restated a “neutral” rating and issued a $22.00 price objective on shares of PulteGroup in a research note on Tuesday, July 25th. Finally, UBS AG lowered shares of PulteGroup from a “positive” rating to a “neutral” rating in a research note on Wednesday, July 26th. One analyst has rated the stock with a sell rating, ten have assigned a hold rating, five have assigned a buy rating and one has given a strong buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average target price of $25.08.
PulteGroup, Inc. (NYSE PHM) traded up 1.34% during trading on Friday, hitting $25.76. 2,569,564 shares of the stock were exchanged. The firm has a market cap of $7.77 billion, a PE ratio of 14.26 and a beta of 1.08. PulteGroup, Inc. has a 12-month low of $17.69 and a 12-month high of $26.05. The stock’s 50-day moving average price is $25.17 and its 200-day moving average price is $23.83.
PulteGroup (NYSE:PHM) last posted its quarterly earnings data on Tuesday, July 25th. The construction company reported $0.47 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.45 by $0.02. PulteGroup had a net margin of 7.35% and a return on equity of 13.43%. The company had revenue of $2.02 billion during the quarter, compared to analyst estimates of $2.03 billion. During the same quarter last year, the firm posted $0.37 EPS. The business’s revenue for the quarter was up 12.3% on a year-over-year basis. On average, equities analysts expect that PulteGroup, Inc. will post $2.09 EPS for the current year.
The company also recently announced a quarterly dividend, which will be paid on Tuesday, October 3rd. Shareholders of record on Tuesday, September 19th will be issued a $0.09 dividend. This represents a $0.36 annualized dividend and a dividend yield of 1.40%. The ex-dividend date of this dividend is Monday, September 18th. PulteGroup’s payout ratio is 20.00%.
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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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