PulteGroup, Inc. $PHM Shares Sold by Mutual of America Capital Management LLC

Mutual of America Capital Management LLC lowered its position in shares of PulteGroup, Inc. (NYSE:PHM) by 2.5% in the second quarter, according to the company in its most recent filing with the SEC. The firm owned 22,983 shares of the construction company’s stock after selling 578 shares during the quarter. Mutual of America Capital Management LLC’s holdings in PulteGroup were worth $2,424,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in PHM. GAMMA Investing LLC lifted its position in PulteGroup by 38.9% during the 1st quarter. GAMMA Investing LLC now owns 3,043 shares of the construction company’s stock worth $313,000 after acquiring an additional 853 shares during the period. Golden State Equity Partners lifted its position in PulteGroup by 15.7% during the 1st quarter. Golden State Equity Partners now owns 2,617 shares of the construction company’s stock worth $269,000 after acquiring an additional 356 shares during the period. Spire Wealth Management lifted its position in PulteGroup by 80.9% during the 1st quarter. Spire Wealth Management now owns 2,956 shares of the construction company’s stock worth $304,000 after acquiring an additional 1,322 shares during the period. Golden State Wealth Management LLC lifted its position in PulteGroup by 136.5% during the 1st quarter. Golden State Wealth Management LLC now owns 1,854 shares of the construction company’s stock worth $191,000 after acquiring an additional 1,070 shares during the period. Finally, Sequoia Financial Advisors LLC lifted its position in PulteGroup by 11.7% during the 1st quarter. Sequoia Financial Advisors LLC now owns 22,015 shares of the construction company’s stock worth $2,263,000 after acquiring an additional 2,303 shares during the period. Institutional investors and hedge funds own 89.90% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have commented on PHM. Bank of America lowered their price target on PulteGroup from $145.00 to $140.00 and set a “buy” rating for the company in a research report on Friday, October 10th. JPMorgan Chase & Co. lifted their price objective on PulteGroup from $121.00 to $123.00 and gave the company an “overweight” rating in a research note on Wednesday, July 23rd. Zacks Research upgraded PulteGroup from a “strong sell” rating to a “hold” rating in a research note on Friday, August 29th. Seaport Res Ptn upgraded PulteGroup from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, July 22nd. Finally, Oppenheimer lifted their price objective on PulteGroup from $132.00 to $140.00 and gave the company an “outperform” rating in a research note on Wednesday, July 23rd. One equities research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and seven have issued a Hold rating to the company. According to MarketBeat.com, PulteGroup has a consensus rating of “Moderate Buy” and an average price target of $133.67.

PulteGroup Price Performance

Shares of PulteGroup stock opened at $120.60 on Friday. The firm has a market cap of $23.51 billion, a PE ratio of 9.28, a P/E/G ratio of 0.97 and a beta of 1.29. PulteGroup, Inc. has a twelve month low of $88.07 and a twelve month high of $142.11. The company has a quick ratio of 0.77, a current ratio of 0.81 and a debt-to-equity ratio of 0.13. The business has a 50-day moving average price of $130.35 and a 200 day moving average price of $114.43.

PulteGroup (NYSE:PHM) last released its quarterly earnings results on Tuesday, October 21st. The construction company reported $2.96 earnings per share for the quarter, topping analysts’ consensus estimates of $2.86 by $0.10. The company had revenue of $4.40 billion during the quarter, compared to analysts’ expectations of $4.31 billion. PulteGroup had a return on equity of 19.58% and a net margin of 14.93%.PulteGroup’s quarterly revenue was down 1.6% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $3.35 EPS. Sell-side analysts predict that PulteGroup, Inc. will post 12.32 earnings per share for the current fiscal year.

PulteGroup Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, October 2nd. Investors of record on Tuesday, September 16th were issued a $0.22 dividend. The ex-dividend date of this dividend was Tuesday, September 16th. This represents a $0.88 dividend on an annualized basis and a yield of 0.7%. PulteGroup’s dividend payout ratio is presently 6.58%.

About PulteGroup

PulteGroup, Inc, through its subsidiaries, primarily engages in the homebuilding business in the United States. It acquires and develops land primarily for residential purposes; and constructs housing on such land. The company also offers various home designs, including single-family detached, townhomes, condominiums, and duplexes under the Centex, Pulte Homes, Del Webb, DiVosta Homes, John Wieland Homes and Neighborhoods, and American West brand names.