Fjarde AP Fonden Fourth Swedish National Pension Fund trimmed its position in shares of PulteGroup, Inc. (NYSE:PHM) by 8.4% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 67,916 shares of the construction company’s stock after selling 6,206 shares during the quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund’s holdings in PulteGroup were worth $1,856,000 at the end of the most recent quarter.

Several other institutional investors have also recently modified their holdings of the company. Flinton Capital Management LLC increased its stake in shares of PulteGroup by 0.4% during the second quarter. Flinton Capital Management LLC now owns 12,288 shares of the construction company’s stock worth $302,000 after acquiring an additional 48 shares during the period. Tower Research Capital LLC TRC increased its stake in shares of PulteGroup by 3.8% during the second quarter. Tower Research Capital LLC TRC now owns 4,086 shares of the construction company’s stock worth $100,000 after acquiring an additional 148 shares during the period. Riverhead Capital Management LLC increased its stake in shares of PulteGroup by 1.2% during the second quarter. Riverhead Capital Management LLC now owns 13,673 shares of the construction company’s stock worth $336,000 after acquiring an additional 159 shares during the period. McKinley Carter Wealth Services Inc. increased its stake in shares of PulteGroup by 1.7% during the second quarter. McKinley Carter Wealth Services Inc. now owns 10,417 shares of the construction company’s stock worth $256,000 after acquiring an additional 172 shares during the period. Finally, Dumont & Blake Investment Advisors LLC increased its stake in shares of PulteGroup by 0.4% during the second quarter. Dumont & Blake Investment Advisors LLC now owns 39,600 shares of the construction company’s stock worth $971,000 after acquiring an additional 175 shares during the period. Institutional investors and hedge funds own 84.22% of the company’s stock.

In related news, insider James R. Ellinghausen sold 67,490 shares of the company’s stock in a transaction that occurred on Monday, November 20th. The shares were sold at an average price of $32.35, for a total transaction of $2,183,301.50. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, insider James R. Ellinghausen sold 136,912 shares of the company’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 transaction of $4,066,286.40. Following the transaction, the insider now directly 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.

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Shares of PulteGroup, Inc. (NYSE PHM) opened at $32.84 on Thursday. PulteGroup, Inc. has a fifty-two week low of $18.18 and a fifty-two week high of $32.95. The stock has a market cap of $9,621.56, a PE ratio of 15.97, a price-to-earnings-growth ratio of 0.95 and a beta of 1.18. The company has a debt-to-equity ratio of 0.72, a current ratio of 0.25 and a quick ratio of 0.25.

PulteGroup (NYSE:PHM) last announced its quarterly earnings results on Tuesday, October 24th. The construction company reported $0.60 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.59 by $0.01. PulteGroup had a net margin of 7.77% and a return on equity of 14.38%. The company had revenue of $2.13 billion for the quarter, compared to the consensus estimate of $2.30 billion. During the same quarter in the prior year, the firm earned $0.43 earnings per share. The company’s revenue for the quarter was up 9.6% compared to the same quarter last year. equities research analysts expect that PulteGroup, Inc. will post 2.18 EPS for the current fiscal year.

A number of research analysts have recently issued reports on PHM shares. UBS Group AG started coverage on shares of PulteGroup in a research note on Wednesday, October 25th. They set a “buy” rating and a $38.00 price target on the stock. Zacks Investment Research lowered shares of PulteGroup from a “buy” rating to a “hold” rating in a research note on Tuesday, October 3rd. FBR & Co reiterated an “outperform” rating and set a $28.00 price target (up from $26.00) on shares of PulteGroup in a research note on Wednesday, July 26th. Citigroup Inc. lowered shares of PulteGroup from a “neutral” rating to a “sell” rating and set a $26.00 target price on the stock. in a research report on Friday, October 20th. Finally, MKM Partners restated a “neutral” rating on shares of PulteGroup in a research report on Tuesday, September 5th. Two analysts have rated the stock with a sell rating, eight have issued a hold rating, six have given a buy rating and one has given a strong buy rating to the company. The company presently has a consensus rating of “Hold” and an average price target of $29.92.

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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