PulteGroup, Inc. (PHM) Stake Decreased by Amalgamated Bank
Amalgamated Bank trimmed its position in PulteGroup, Inc. (NYSE:PHM) by 6.6% in the third quarter, according to its most recent disclosure with the SEC. The institutional investor owned 55,385 shares of the construction company’s stock after selling 3,902 shares during the period. Amalgamated Bank’s holdings in PulteGroup were worth $1,514,000 at the end of the most recent reporting period.
A number of other large investors have also recently bought and sold shares of PHM. Fiera Capital Corp acquired a new position in PulteGroup in the second quarter worth about $45,333,000. LSV Asset Management grew its stake in PulteGroup by 150.9% in the second quarter. LSV Asset Management now owns 2,029,335 shares of the construction company’s stock worth $49,779,000 after purchasing an additional 1,220,579 shares in the last quarter. State of New Jersey Common Pension Fund D acquired a new position in PulteGroup in the second quarter worth about $29,436,000. Parametric Portfolio Associates LLC grew its stake in PulteGroup by 146.9% in the second quarter. Parametric Portfolio Associates LLC now owns 1,566,185 shares of the construction company’s stock worth $38,419,000 after purchasing an additional 931,971 shares in the last quarter. Finally, Todd Asset Management LLC grew its stake in PulteGroup by 117.0% in the third quarter. Todd Asset Management LLC now owns 1,680,010 shares of the construction company’s stock worth $45,915,000 after purchasing an additional 905,952 shares in the last quarter. Institutional investors and hedge funds own 85.05% of the company’s stock.
A number of brokerages have commented on PHM. Zacks Investment Research downgraded PulteGroup from a “buy” rating to a “hold” rating in a research note on Monday, October 30th. KeyCorp restated a “hold” rating on shares of PulteGroup in a research note on Wednesday, November 1st. Buckingham Research downgraded PulteGroup from a “buy” rating to a “neutral” rating and set a $33.00 target price for the company. in a research note on Tuesday, November 14th. MKM Partners restated a “neutral” rating on shares of PulteGroup in a research note on Tuesday, September 5th. Finally, Royal Bank Of Canada restated a “buy” rating and issued a $28.00 target price on shares of PulteGroup in a research note on Monday, September 25th. Two equities research analysts have rated the stock with a sell rating, eight have issued a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company. The company currently has an average rating of “Hold” and a consensus price target of $29.92.
PulteGroup, Inc. (NYSE:PHM) traded down $0.19 on Friday, hitting $33.94. The stock had a trading volume of 5,772,758 shares, compared to its average volume of 4,491,218. The company has a market capitalization of $10,033.12, a PE ratio of 16.65, a PEG ratio of 1.00 and a beta of 1.20. The company has a debt-to-equity ratio of 0.72, a quick ratio of 0.25 and a current ratio of 0.25. PulteGroup, Inc. has a 52 week low of $18.18 and a 52 week high of $34.60.
PulteGroup (NYSE:PHM) last released its quarterly earnings results on Tuesday, October 24th. The construction company reported $0.60 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.59 by $0.01. The company had revenue of $2.13 billion for the quarter, compared to analysts’ expectations of $2.30 billion. PulteGroup had a return on equity of 14.38% and a net margin of 7.77%. The business’s revenue for the quarter was up 9.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.43 earnings per share. equities analysts forecast that PulteGroup, Inc. will post 2.18 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, January 3rd. Stockholders of record on Tuesday, December 12th will be issued a dividend of $0.09 per share. This represents a $0.36 dividend on an annualized basis and a dividend yield of 1.06%. PulteGroup’s dividend payout ratio (DPR) is presently 17.91%.
In other news, insider James R. Ellinghausen sold 136,912 shares of PulteGroup stock in a transaction that occurred on Friday, October 27th. The stock was sold at an average price of $29.70, for a total transaction of $4,066,286.40. Following the sale, the insider now owns 294,369 shares of the company’s stock, valued at $8,742,759.30. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, insider James R. Ellinghausen sold 67,490 shares of PulteGroup stock in a transaction that occurred on Monday, November 20th. The shares were sold at an average price of $32.35, for a total value of $2,183,301.50. The disclosure for this sale can be found here. Insiders own 0.71% of the company’s stock.
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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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