Quantinno Capital Management LP raised its holdings in shares of PulteGroup, Inc. (NYSE:PHM – Free Report) by 2.6% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 650,025 shares of the construction company’s stock after purchasing an additional 16,344 shares during the quarter. Quantinno Capital Management LP’s holdings in PulteGroup were worth $76,449,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other institutional investors and hedge funds have also made changes to their positions in PHM. Focus Partners Wealth increased its holdings in shares of PulteGroup by 20.5% in the 1st quarter. Focus Partners Wealth now owns 12,517 shares of the construction company’s stock worth $1,287,000 after buying an additional 2,128 shares during the last quarter. EverSource Wealth Advisors LLC lifted its holdings in shares of PulteGroup by 197.1% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,212 shares of the construction company’s stock valued at $128,000 after acquiring an additional 804 shares during the last quarter. Guggenheim Capital LLC grew its position in PulteGroup by 12.9% in the second quarter. Guggenheim Capital LLC now owns 8,519 shares of the construction company’s stock worth $898,000 after acquiring an additional 975 shares in the last quarter. Baird Financial Group Inc. grew its position in PulteGroup by 8.0% in the second quarter. Baird Financial Group Inc. now owns 29,060 shares of the construction company’s stock worth $3,065,000 after acquiring an additional 2,164 shares in the last quarter. Finally, Cerity Partners LLC increased its stake in PulteGroup by 17.6% during the second quarter. Cerity Partners LLC now owns 41,677 shares of the construction company’s stock worth $4,395,000 after acquiring an additional 6,240 shares during the last quarter. 89.90% of the stock is owned by hedge funds and other institutional investors.
Insider Buying and Selling at PulteGroup
In other PulteGroup news, COO Matthew William Koart sold 7,457 shares of the firm’s stock in a transaction on Wednesday, May 27th. The stock was sold at an average price of $120.00, for a total transaction of $894,840.00. Following the transaction, the chief operating officer directly owned 28,100 shares in the company, valued at $3,372,000. This trade represents a 20.97% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Lila Snyder sold 3,339 shares of PulteGroup stock in a transaction on Friday, May 8th. The shares were sold at an average price of $117.18, for a total value of $391,264.02. Following the sale, the director directly owned 3,540 shares of the company’s stock, valued at approximately $414,817.20. This trade represents a 48.54% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Company insiders own 0.75% of the company’s stock.
Analyst Ratings Changes
View Our Latest Research Report on PHM
PulteGroup Trading Up 3.2%
Shares of NYSE PHM opened at $134.81 on Wednesday. PulteGroup, Inc. has a fifty-two week low of $108.49 and a fifty-two week high of $144.49. The company has a debt-to-equity ratio of 0.14, a quick ratio of 0.78 and a current ratio of 0.78. The company has a market cap of $25.27 billion, a price-to-earnings ratio of 13.77, a PEG ratio of 1.62 and a beta of 1.18. The business’s 50 day moving average price is $124.97 and its 200-day moving average price is $125.47.
PulteGroup (NYSE:PHM – Get Free Report) last issued its earnings results on Wednesday, July 22nd. The construction company reported $2.48 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.36 by $0.12. The firm had revenue of $3.98 billion during the quarter, compared to analyst estimates of $3.94 billion. PulteGroup had a net margin of 11.62% and a return on equity of 15.21%. The business’s revenue was down 9.6% on a year-over-year basis. During the same period in the previous year, the firm earned $3.03 earnings per share. On average, sell-side analysts expect that PulteGroup, Inc. will post 10.08 earnings per share for the current year.
PulteGroup announced that its board has authorized a share buyback program on Thursday, April 23rd that allows the company to repurchase $1.50 billion in shares. This repurchase authorization allows the construction company to repurchase up to 6.1% of its shares through open market purchases. Shares repurchase programs are typically an indication that the company’s board of directors believes its shares are undervalued.
PulteGroup Company Profile
PulteGroup, Inc (NYSE: PHM) is a U.S.-based residential homebuilder that designs, constructs and sells single-family homes and develops master-planned communities. The company operates multiple national and regional brands that target different buyer segments, including first-time buyers, move-up buyers and active-adult customers. Its operations encompass land acquisition and development, home design and construction, community amenities and ongoing customer service and warranty programs.
PulteGroup markets homes under several well-known brands, such as Pulte Homes, Centex and Del Webb, among others, offering a range of product types from entry-level detached homes to larger, higher-end residences and age-restricted active-adult communities.
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