PulteGroup, Inc. (PHM) Holdings Lessened by Cubist Systematic Strategies LLC

Cubist Systematic Strategies LLC reduced its holdings in PulteGroup, Inc. (NYSE:PHM) by 73.7% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 19,467 shares of the construction company’s stock after selling 54,479 shares during the quarter. Cubist Systematic Strategies LLC’s holdings in PulteGroup were worth $532,000 at the end of the most recent reporting period.

Several other institutional investors have also made changes to their positions in PHM. Achmea Investment Management B.V. bought a new position in shares of PulteGroup during the second quarter worth about $253,000. Peloton Wealth Strategists grew its holdings in shares of PulteGroup by 4.7% during the second 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 holdings in shares of PulteGroup by 9.5% during the second quarter. Aviva PLC now owns 179,277 shares of the construction company’s stock worth $4,399,000 after buying an additional 15,540 shares in the last quarter. HAP Trading LLC grew its holdings in shares of PulteGroup by 26.7% during the second quarter. HAP Trading LLC now owns 96,520 shares of the construction company’s stock worth $2,368,000 after buying an additional 20,336 shares in the last quarter. Finally, Greenwood Capital Associates LLC grew its holdings in shares of PulteGroup by 7.6% during the second quarter. Greenwood Capital Associates LLC now owns 26,945 shares of the construction company’s stock worth $661,000 after buying an additional 1,900 shares in the last quarter. Institutional investors own 84.53% of the company’s stock.

In other news, CFO Robert Oshaughnessy sold 92,800 shares of the firm’s stock in a transaction that occurred on Friday, December 8th. The stock was sold at an average price of $33.89, for a total value of $3,144,992.00. Following the completion of the sale, the chief financial officer now directly owns 363,722 shares of the company’s stock, valued at $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 the firm’s stock in a transaction that occurred on Friday, October 27th. The shares were sold at an average price of $29.70, for a total value of $4,066,286.40. Following the completion of the sale, the insider now directly owns 294,369 shares of the company’s stock, valued at $8,742,759.30. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 297,202 shares of company stock valued at $9,394,580. Insiders own 0.71% of the company’s stock.

PHM has been the subject of a number of research reports. Bank of America set a $34.00 price objective on PulteGroup and gave the stock a “buy” rating in a report on Wednesday, October 25th. FBR & Co reissued a “buy” rating and set a $31.00 price target (up from $28.00) on shares of PulteGroup in a research report on Wednesday, October 25th. Zacks Investment Research raised PulteGroup from a “hold” rating to a “buy” rating and set a $29.00 price target for the company in a research report on Tuesday, September 26th. Royal Bank of Canada reissued a “buy” rating and set a $28.00 price target on shares of PulteGroup in a research report on Monday, September 25th. Finally, UBS Group initiated coverage on PulteGroup in a research report on Wednesday, October 25th. They set a “buy” rating and a $38.00 price target for the company. Three research analysts have rated the stock with a sell rating, seven have given a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company. The company has a consensus rating of “Hold” and a consensus price target of $29.92.

PulteGroup, Inc. (NYSE:PHM) opened at $33.52 on Thursday. PulteGroup, Inc. has a 52-week low of $18.18 and a 52-week 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. The company has a market capitalization of $9,810.00, a P/E ratio of 16.43, a P/E/G ratio of 0.89 and a beta of 1.20.

PulteGroup (NYSE:PHM) last issued its quarterly earnings results on Tuesday, October 24th. The construction company reported $0.60 EPS for the quarter, beating the consensus estimate of $0.59 by $0.01. PulteGroup had a return on equity of 14.38% and a net margin of 7.77%. The firm had revenue of $2.13 billion during the quarter, compared to analysts’ expectations of $2.30 billion. During the same period in the prior year, the firm posted $0.43 earnings per share. The business’s quarterly revenue was up 9.6% compared to the same quarter last year. equities analysts predict that PulteGroup, Inc. will post 2.2 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 3rd. Stockholders of record on Tuesday, December 12th will be given a $0.09 dividend. The ex-dividend date of this dividend is Monday, December 11th. This represents a $0.36 dividend on an annualized basis and a dividend yield of 1.07%. PulteGroup’s payout ratio is 17.65%.

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PulteGroup 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.

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Institutional Ownership by Quarter for PulteGroup (NYSE:PHM)

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