Trustcore Financial Services LLC Takes $84,000 Position in PulteGroup, Inc. (NYSE:PHM)
Trustcore Financial Services LLC purchased a new stake in shares of PulteGroup, Inc. (NYSE:PHM) during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 3,750 shares of the construction company’s stock, valued at approximately $84,000.
Several other institutional investors have also added to or reduced their stakes in the company. State Street Corp raised its holdings in shares of PulteGroup by 0.5% during the 4th quarter. State Street Corp now owns 12,341,851 shares of the construction company’s stock valued at $480,352,000 after purchasing an additional 56,571 shares in the last quarter. LSV Asset Management raised its holdings in shares of PulteGroup by 2.8% during the 4th quarter. LSV Asset Management now owns 8,426,302 shares of the construction company’s stock valued at $326,940,000 after purchasing an additional 228,272 shares in the last quarter. Geode Capital Management LLC raised its holdings in shares of PulteGroup by 5.7% during the 4th quarter. Geode Capital Management LLC now owns 5,073,915 shares of the construction company’s stock valued at $196,549,000 after purchasing an additional 273,698 shares in the last quarter. AJO LP raised its holdings in shares of PulteGroup by 1,304.6% during the 4th quarter. AJO LP now owns 4,298,928 shares of the construction company’s stock valued at $166,797,000 after purchasing an additional 3,992,869 shares in the last quarter. Finally, Robeco Institutional Asset Management B.V. raised its holdings in shares of PulteGroup by 15.0% during the 1st quarter. Robeco Institutional Asset Management B.V. now owns 4,070,860 shares of the construction company’s stock valued at $90,859,000 after purchasing an additional 529,526 shares in the last quarter. Institutional investors and hedge funds own 90.75% of the company’s stock.
In other news, VP John J. Chadwick sold 13,231 shares of PulteGroup stock in a transaction dated Thursday, February 20th. The shares were sold at an average price of $46.70, for a total transaction of $617,887.70. Following the sale, the vice president now directly owns 71,383 shares in the company, valued at approximately $3,333,586.10. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, SVP Stephen P. Schlageter sold 18,549 shares of PulteGroup stock in a transaction dated Monday, April 27th. The shares were sold at an average price of $26.13, for a total transaction of $484,685.37. Following the sale, the senior vice president now owns 86,697 shares in the company, valued at $2,265,392.61. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 51,978 shares of company stock worth $1,914,735. 0.60% of the stock is owned by company insiders.
NYSE PHM opened at $27.72 on Friday. The company has a debt-to-equity ratio of 0.50, a current ratio of 0.81 and a quick ratio of 0.81. The firm has a market capitalization of $7.40 billion, a price-to-earnings ratio of 7.28, a P/E/G ratio of 2.99 and a beta of 1.27. The company’s fifty day moving average is $25.39 and its two-hundred day moving average is $36.24. PulteGroup, Inc. has a 52-week low of $17.12 and a 52-week high of $47.37.
PulteGroup (NYSE:PHM) last posted its quarterly earnings results on Thursday, April 23rd. The construction company reported $0.74 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.70 by $0.04. The company had revenue of $2.29 billion for the quarter, compared to analyst estimates of $2.32 billion. PulteGroup had a net margin of 10.02% and a return on equity of 19.53%. The business’s quarterly revenue was up 14.7% on a year-over-year basis. During the same period last year, the business posted $0.59 EPS. As a group, sell-side analysts expect that PulteGroup, Inc. will post 3.04 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Thursday, July 2nd. Stockholders of record on Friday, June 12th will be given a dividend of $0.12 per share. The ex-dividend date is Thursday, June 11th. This represents a $0.48 annualized dividend and a dividend yield of 1.73%. PulteGroup’s dividend payout ratio (DPR) is currently 13.75%.
PulteGroup Company Profile
PulteGroup, Inc, through its subsidiaries, primarily engages in the homebuilding business in the United States. The company acquires and develops land primarily for residential purposes; and constructs housing on such land. It offers various home designs, including single-family detached, townhouses, condominiums, and duplexes under the Centex, Pulte Homes, Del Webb, DiVosta Homes, and John Wieland Homes and Neighborhoods brand names.
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