PulteGroup, Inc. (PHM) Shares Bought by BlueMountain Capital Management LLC
BlueMountain Capital Management LLC boosted its stake in shares of PulteGroup, Inc. (NYSE:PHM) by 279.4% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 105,511 shares of the construction company’s stock after purchasing an additional 77,702 shares during the quarter. BlueMountain Capital Management LLC’s holdings in PulteGroup were worth $2,588,000 at the end of the most recent quarter.
Other large investors also recently added to or reduced their stakes in the company. Northwestern Mutual Wealth Management Co. raised its stake in PulteGroup by 12.4% during the 1st quarter. Northwestern Mutual Wealth Management Co. now owns 6,380 shares of the construction company’s stock valued at $150,000 after purchasing an additional 702 shares during the last quarter. Ameritas Investment Partners Inc. acquired a new position in shares of PulteGroup in the 1st quarter valued at $155,000. Acadian Asset Management LLC acquired a new position in shares of PulteGroup in the 1st quarter valued at $197,000. Commerce Bank acquired a new position in shares of PulteGroup in the 1st quarter valued at $207,000. Finally, Chartist Inc. CA acquired a new position in shares of PulteGroup in the 1st quarter valued at $208,000. Hedge funds and other institutional investors own 85.80% of the company’s stock.
PulteGroup, Inc. (NYSE PHM) opened at 26.29 on Friday. The company has a market cap of $7.93 billion, a price-to-earnings ratio of 14.55 and a beta of 1.08. PulteGroup, Inc. has a 1-year low of $17.69 and a 1-year high of $26.64. The company’s 50-day moving average is $25.45 and its 200 day moving average is $23.99.
PulteGroup (NYSE:PHM) last announced its earnings results on Tuesday, July 25th. The construction company reported $0.47 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.45 by $0.02. PulteGroup had a return on equity of 13.43% and a net margin of 7.35%. The business had revenue of $2.02 billion for the quarter, compared to analysts’ expectations of $2.03 billion. During the same period in the prior year, the business posted $0.37 earnings per share. The firm’s revenue was up 12.3% on a year-over-year basis. On average, equities analysts predict that PulteGroup, Inc. will post $2.09 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Tuesday, October 3rd. Investors of record on Tuesday, September 19th will be issued a $0.09 dividend. This represents a $0.36 annualized dividend and a yield of 1.37%. The ex-dividend date of this dividend is Monday, September 18th. PulteGroup’s payout ratio is presently 20.00%.
A number of equities analysts have recently issued reports on the stock. BidaskClub upgraded shares of PulteGroup from a “buy” rating to a “strong-buy” rating in a research note on Thursday, August 17th. MKM Partners restated a “neutral” rating on shares of PulteGroup in a research note on Tuesday, September 5th. Barclays PLC cut shares of PulteGroup from an “overweight” rating to an “equal weight” rating and set a $24.00 price objective for the company. in a research note on Tuesday, July 11th. They noted that the move was a valuation call. Mizuho cut shares of PulteGroup from a “neutral” rating to an “underperform” rating and set a $22.00 price objective for the company. in a research note on Monday, July 10th. Finally, FBR & Co restated an “outperform” rating and issued a $28.00 price objective (up previously from $26.00) on shares of PulteGroup in a research note on Wednesday, July 26th. One investment analyst has rated the stock with a sell rating, ten have assigned a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average price target of $24.92.
ILLEGAL ACTIVITY WARNING: This article was first published by The Cerbat Gem and is owned by of The Cerbat Gem. If you are reading this article on another website, it was illegally stolen and reposted in violation of international trademark & copyright laws. The legal version of this article can be accessed at https://www.thecerbatgem.com/2017/09/17/pultegroup-inc-phm-shares-bought-by-bluemountain-capital-management-llc.html.
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.
Want to see what other hedge funds are holding PHM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for PulteGroup, Inc. (NYSE:PHM).
Receive News & Stock Ratings for PulteGroup Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for PulteGroup Inc. and related stocks with our FREE daily email newsletter.