PulteGroup, Inc. (PHM) Shares Bought by Mutual of America Capital Management LLC
Mutual of America Capital Management LLC lifted its stake in PulteGroup, Inc. (NYSE:PHM) by 12.6% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 35,030 shares of the construction company’s stock after purchasing an additional 3,913 shares during the period. Mutual of America Capital Management LLC’s holdings in PulteGroup were worth $859,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors also recently bought and sold shares of the company. BlackRock Inc. grew its holdings in shares of PulteGroup by 3,521.7% in the first quarter. BlackRock Inc. now owns 22,891,339 shares of the construction company’s stock worth $539,092,000 after purchasing an additional 22,259,277 shares during the last quarter. Renaissance Technologies LLC bought a new position in shares of PulteGroup in the first quarter worth about $92,466,000. Geode Capital Management LLC grew its holdings in shares of PulteGroup by 7.1% in the first quarter. Geode Capital Management LLC now owns 3,035,549 shares of the construction company’s stock worth $71,394,000 after purchasing an additional 201,626 shares during the last quarter. Bank of America Corp DE grew its holdings in shares of PulteGroup by 25.1% in the first quarter. Bank of America Corp DE now owns 2,170,369 shares of the construction company’s stock worth $51,113,000 after purchasing an additional 436,138 shares during the last quarter. Finally, LSV Asset Management grew its holdings in shares of PulteGroup by 150.9% in the second quarter. LSV Asset Management now owns 2,029,335 shares of the construction company’s stock worth $49,779,000 after purchasing an additional 1,220,579 shares during the last quarter. Hedge funds and other institutional investors own 85.71% of the company’s stock.
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PulteGroup, Inc. (NYSE PHM) opened at 27.15 on Tuesday. The firm’s 50-day moving average is $26.14 and its 200 day moving average is $24.42. PulteGroup, Inc. has a one year low of $17.69 and a one year high of $27.76. The company has a market capitalization of $8.19 billion, a PE ratio of 15.02 and a beta of 1.06.
PulteGroup (NYSE:PHM) last issued its quarterly earnings results on Tuesday, July 25th. The construction company reported $0.47 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.45 by $0.02. The company had revenue of $2.02 billion for the quarter, compared to analyst estimates of $2.03 billion. PulteGroup had a net margin of 7.35% and a return on equity of 13.43%. The business’s revenue for the quarter was up 12.3% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.37 earnings per share. On average, equities analysts expect that PulteGroup, Inc. will post $2.07 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which was paid on Tuesday, October 3rd. Shareholders of record on Tuesday, September 19th were paid a dividend of $0.09 per share. The ex-dividend date was Monday, September 18th. This represents a $0.36 dividend on an annualized basis and a yield of 1.33%. PulteGroup’s dividend payout ratio (DPR) is presently 20.00%.
A number of research firms have recently commented on PHM. Zacks Investment Research cut shares of PulteGroup from a “buy” rating to a “hold” rating in a report on Tuesday, October 3rd. BidaskClub upgraded shares of PulteGroup from a “buy” rating to a “strong-buy” rating in a report on Thursday, August 17th. Royal Bank Of Canada restated a “buy” rating and issued a $28.00 price target on shares of PulteGroup in a report on Monday, September 25th. MKM Partners restated a “neutral” rating on shares of PulteGroup in a report on Tuesday, September 5th. Finally, Barclays PLC cut shares of PulteGroup from an “overweight” rating to an “equal weight” rating and set a $24.00 price target on the stock. in a report on Tuesday, July 11th. They noted that the move was a valuation call. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating, four have issued a buy rating and one has given a strong buy rating to the company. The stock has a consensus rating of “Hold” and a consensus price target of $25.45.
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.
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