Advisors Asset Management Inc. Decreases Position in PulteGroup, Inc. (PHM)

Advisors Asset Management Inc. reduced its position in PulteGroup, Inc. (NYSE:PHM) by 13.5% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 11,792 shares of the construction company’s stock after selling 1,844 shares during the period. Advisors Asset Management Inc.’s holdings in PulteGroup were worth $322,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of the business. Commerce Bank purchased a new position in PulteGroup in the 3rd quarter valued at about $238,000. Russell Investments Group Ltd. boosted its position in PulteGroup by 136.9% in the 3rd quarter. Russell Investments Group Ltd. now owns 763,556 shares of the construction company’s stock valued at $20,866,000 after buying an additional 441,215 shares during the last quarter. Signature Estate & Investment Advisors LLC boosted its position in PulteGroup by 15.8% in the 3rd quarter. Signature Estate & Investment Advisors LLC now owns 25,882 shares of the construction company’s stock valued at $707,000 after buying an additional 3,536 shares during the last quarter. CI Global Investments Inc. purchased a new position in PulteGroup in the 3rd quarter valued at about $378,000. Finally, River Wealth Advisors LLC boosted its position in PulteGroup by 2.8% in the 3rd quarter. River Wealth Advisors LLC now owns 102,561 shares of the construction company’s stock valued at $2,803,000 after buying an additional 2,754 shares during the last quarter. 84.80% of the stock is owned by institutional investors.

A number of equities analysts have weighed in on PHM shares. UBS started coverage on shares of PulteGroup in a research report on Wednesday, October 25th. They issued a “buy” rating and a $38.00 price objective for the company. Zacks Investment Research cut shares of PulteGroup from a “buy” rating to a “hold” rating in a research report on Tuesday, October 3rd. Citigroup cut shares of PulteGroup from a “neutral” rating to a “sell” rating and set a $26.00 price objective for the company. in a research report on Friday, October 20th. 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 research analysts have rated the stock with a sell rating, eight have given a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus target price of $29.92.

In related news, insider James R. Ellinghausen sold 67,490 shares of the stock in a transaction dated Monday, November 20th. The shares were sold at an average price of $32.35, for a total transaction of $2,183,301.50. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider James R. Ellinghausen sold 136,912 shares of the stock in a transaction dated 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 in the company, valued at approximately $8,742,759.30. The disclosure for this sale can be found here. 0.71% of the stock is owned by corporate insiders.

Shares of PulteGroup, Inc. (PHM) traded down $0.39 during trading on Thursday, hitting $33.10. 4,990,100 shares of the stock were exchanged, compared to its average volume of 5,086,797. The firm has a market cap of $9,844.98, a price-to-earnings ratio of 16.34, a PEG ratio of 0.89 and a beta of 1.21. The company has a current ratio of 0.25, a quick ratio of 0.25 and a debt-to-equity ratio of 0.72. PulteGroup, Inc. has a 1-year low of $18.18 and a 1-year high of $34.60.

PulteGroup (NYSE:PHM) last issued its earnings results on Tuesday, October 24th. The construction company reported $0.60 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.59 by $0.01. The business had revenue of $2.13 billion for the quarter, compared to analyst estimates 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% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.43 EPS. equities analysts expect that PulteGroup, Inc. will post 2.2 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 3rd. Investors of record on Tuesday, December 12th will be paid a dividend of $0.09 per share. The ex-dividend date of this dividend is Monday, December 11th. This represents a $0.36 annualized dividend and a yield of 1.09%. PulteGroup’s dividend payout ratio (DPR) is 17.91%.

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PulteGroup Company Profile

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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