Fieldpoint Private Securities LLC Takes $150,000 Position in PulteGroup, Inc. (PHM)

Fieldpoint Private Securities LLC bought a new position in shares of PulteGroup, Inc. (NYSE:PHM) in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 5,504 shares of the construction company’s stock, valued at approximately $150,000.

A number of other hedge funds also recently made changes to their positions in the business. Flinton Capital Management LLC boosted its stake in shares of PulteGroup by 0.4% in the second quarter. Flinton Capital Management LLC now owns 12,288 shares of the construction company’s stock valued at $302,000 after purchasing an additional 48 shares during the period. Tower Research Capital LLC TRC boosted its stake in shares of PulteGroup by 3.8% in the second quarter. Tower Research Capital LLC TRC now owns 4,086 shares of the construction company’s stock valued at $100,000 after purchasing an additional 148 shares during the period. Riverhead Capital Management LLC boosted its stake in shares of PulteGroup by 1.2% in the second quarter. Riverhead Capital Management LLC now owns 13,673 shares of the construction company’s stock valued at $336,000 after purchasing an additional 159 shares during the period. McKinley Carter Wealth Services Inc. boosted its stake in shares of PulteGroup by 1.7% in the second quarter. McKinley Carter Wealth Services Inc. now owns 10,417 shares of the construction company’s stock valued at $256,000 after purchasing an additional 172 shares during the period. Finally, Thrivent Financial For Lutherans boosted its stake in shares of PulteGroup by 2.2% in the second quarter. Thrivent Financial For Lutherans now owns 10,722 shares of the construction company’s stock valued at $263,000 after purchasing an additional 230 shares during the period. 84.80% of the stock is owned by institutional investors.

In related news, CFO Robert Oshaughnessy sold 92,800 shares of PulteGroup stock in a transaction on Friday, December 8th. The shares were sold at an average price of $33.89, for a total value of $3,144,992.00. Following the transaction, the chief financial officer now directly owns 363,722 shares in the company, valued at approximately $12,326,538.58. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider James R. Ellinghausen sold 136,912 shares of PulteGroup stock in a transaction on Friday, October 27th. The shares were sold at an average price of $29.70, for a total transaction of $4,066,286.40. Following the completion of the transaction, the insider now owns 294,369 shares in the company, valued at $8,742,759.30. The disclosure for this sale can be found here. Insiders sold a total of 297,202 shares of company stock worth $9,394,580 over the last ninety days. Corporate insiders own 0.71% of the company’s stock.

PulteGroup, Inc. (PHM) traded down $0.27 during mid-day trading on Friday, reaching $33.05. 5,642,400 shares of the company’s stock were exchanged, compared to its average volume of 5,069,107. The firm has a market capitalization of $9,795.00, a PE ratio of 16.25, a P/E/G ratio of 0.89 and a beta of 1.21. PulteGroup, Inc. has a 12 month low of $18.18 and a 12 month high of $34.60. 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 (NYSE:PHM) last announced its earnings results on Tuesday, October 24th. The construction company reported $0.60 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 analysts’ expectations of $2.30 billion. PulteGroup had a net margin of 7.77% and a return on equity of 14.38%. The company’s quarterly revenue was up 9.6% on a year-over-year basis. During the same period in the previous year, the company posted $0.43 EPS. equities analysts predict that PulteGroup, Inc. will post 2.2 EPS for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, January 3rd. Stockholders of record on Tuesday, December 12th will be issued a $0.09 dividend. The ex-dividend date is Monday, December 11th. This represents a $0.36 dividend on an annualized basis and a dividend yield of 1.09%. PulteGroup’s payout ratio is 17.91%.

Several analysts recently weighed in on the stock. BidaskClub raised shares of PulteGroup from a “buy” rating to a “strong-buy” rating in a report on Thursday, August 17th. MKM Partners reaffirmed a “neutral” rating on shares of PulteGroup in a report on Tuesday, September 5th. Royal Bank of Canada reaffirmed a “buy” rating and issued a $28.00 target price on shares of PulteGroup in a report on Monday, September 25th. Zacks Investment Research raised shares of PulteGroup from a “hold” rating to a “buy” rating and set a $29.00 target price on the stock in a report on Tuesday, September 26th. Finally, Citigroup cut shares of PulteGroup from a “neutral” rating to a “sell” rating and set a $26.00 target price on the stock. in a report on Friday, October 20th. Two research analysts have rated the stock with a sell rating, eight have assigned a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $29.92.

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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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