Oakbrook Investments LLC Sells 12,650 Shares of PulteGroup, Inc. (PHM)

Oakbrook Investments LLC cut its stake in PulteGroup, Inc. (NYSE:PHM) by 48.6% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 13,400 shares of the construction company’s stock after selling 12,650 shares during the period. Oakbrook Investments LLC’s holdings in PulteGroup were worth $366,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently modified their holdings of the company. Peloton Wealth Strategists raised its holdings in shares of PulteGroup by 4.7% in the 2nd quarter. Peloton Wealth Strategists now owns 89,700 shares of the construction company’s stock worth $2,200,000 after buying an additional 4,000 shares in the last quarter. Aviva PLC grew its position in PulteGroup by 9.5% during the 2nd quarter. Aviva PLC now owns 179,277 shares of the construction company’s stock worth $4,399,000 after acquiring an additional 15,540 shares during the last quarter. Hartwell J M Limited Partnership grew its position in PulteGroup by 4.3% during the 2nd quarter. Hartwell J M Limited Partnership now owns 22,850 shares of the construction company’s stock worth $561,000 after acquiring an additional 950 shares during the last quarter. Mirador Capital Partners LP grew its position in PulteGroup by 3.7% during the 2nd quarter. Mirador Capital Partners LP now owns 48,655 shares of the construction company’s stock worth $1,246,000 after acquiring an additional 1,728 shares during the last quarter. Finally, HAP Trading LLC grew its position in PulteGroup by 26.7% during the 2nd quarter. HAP Trading LLC now owns 96,520 shares of the construction company’s stock worth $2,368,000 after acquiring an additional 20,336 shares during the last quarter. 85.34% of the stock is owned by institutional investors and hedge funds.

PulteGroup, Inc. (NYSE PHM) opened at 30.07 on Friday. The company has a market capitalization of $9.07 billion, a price-to-earnings ratio of 16.64 and a beta of 1.06. PulteGroup, Inc. has a 12 month low of $17.69 and a 12 month high of $30.16. The firm has a 50-day moving average price of $27.10 and a 200-day moving average price of $24.85.

PulteGroup (NYSE:PHM) last announced its quarterly earnings results on Tuesday, October 24th. The construction company reported $0.60 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.59 by $0.01. The company had revenue of $2.13 billion during the quarter, compared to the consensus estimate of $2.30 billion. PulteGroup had a net margin of 7.77% and a return on equity of 14.38%. The company’s revenue for the quarter was up 9.6% compared to the same quarter last year. During the same period in the prior year, the business earned $0.43 earnings per share. On average, equities analysts anticipate that PulteGroup, Inc. will post $2.08 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Tuesday, October 3rd. Stockholders of record on Tuesday, September 19th were issued a dividend of $0.09 per share. The ex-dividend date was Monday, September 18th. This represents a $0.36 annualized dividend and a dividend yield of 1.20%. PulteGroup’s dividend payout ratio (DPR) is presently 17.91%.

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A number of equities research analysts recently commented on the company. Barclays PLC lowered PulteGroup from an “overweight” rating to an “equal weight” rating and set a $24.00 price target on the stock. in a research report on Tuesday, July 11th. They noted that the move was a valuation call. Mizuho lowered PulteGroup from a “neutral” rating to an “underperform” rating and set a $22.00 price target on the stock. in a research report on Monday, July 10th. BidaskClub lowered PulteGroup from a “strong-buy” rating to a “buy” rating in a research report on Thursday, July 13th. MKM Partners restated a “neutral” rating on shares of PulteGroup in a research report on Tuesday, September 5th. Finally, Zacks Investment Research upgraded PulteGroup from a “hold” rating to a “buy” rating and set a $27.00 price target on the stock in a research report on Tuesday, July 4th. Two analysts have rated the stock with a sell rating, six have issued a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average target price of $28.67.

About PulteGroup

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.

Institutional Ownership by Quarter for PulteGroup (NYSE:PHM)

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