PulteGroup, Inc. (NYSE:PHM) Shares Sold by Sentry Investment Management LLC

Sentry Investment Management LLC lowered its holdings in shares of PulteGroup, Inc. (NYSE:PHMFree Report) by 15.8% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 1,281 shares of the construction company’s stock after selling 240 shares during the quarter. Sentry Investment Management LLC’s holdings in PulteGroup were worth $95,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Clear Street Markets LLC raised its stake in shares of PulteGroup by 90.9% during the 1st quarter. Clear Street Markets LLC now owns 441 shares of the construction company’s stock worth $26,000 after buying an additional 210 shares in the last quarter. Coppell Advisory Solutions Corp. purchased a new stake in shares of PulteGroup during the fourth quarter worth about $26,000. Coppell Advisory Solutions LLC acquired a new position in PulteGroup in the second quarter worth about $29,000. West Tower Group LLC acquired a new position in PulteGroup in the second quarter valued at approximately $30,000. Finally, Grove Bank & Trust boosted its position in shares of PulteGroup by 98.1% during the second quarter. Grove Bank & Trust now owns 410 shares of the construction company’s stock worth $32,000 after buying an additional 203 shares during the period. Hedge funds and other institutional investors own 89.84% of the company’s stock.

PulteGroup Stock Down 0.3 %

Shares of PHM traded down $0.34 during mid-day trading on Friday, hitting $104.79. The company’s stock had a trading volume of 1,109,184 shares, compared to its average volume of 1,792,228. The company has a current ratio of 0.88, a quick ratio of 0.88 and a debt-to-equity ratio of 0.20. The firm has a market capitalization of $22.59 billion, a price-to-earnings ratio of 8.54, a PEG ratio of 0.30 and a beta of 1.54. The company’s 50-day moving average is $98.70 and its 200-day moving average is $85.54. PulteGroup, Inc. has a 52-week low of $51.93 and a 52-week high of $109.26.

PulteGroup (NYSE:PHMGet Free Report) last posted its quarterly earnings data on Tuesday, October 24th. The construction company reported $2.90 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.83 by $0.07. PulteGroup had a net margin of 16.37% and a return on equity of 28.25%. The business had revenue of $4 billion for the quarter, compared to the consensus estimate of $4.05 billion. During the same period last year, the firm posted $2.69 earnings per share. The company’s revenue was up 2.8% compared to the same quarter last year. On average, equities research analysts forecast that PulteGroup, Inc. will post 11.49 EPS for the current fiscal year.

PulteGroup Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, January 3rd. Stockholders of record on Tuesday, December 19th were issued a $0.20 dividend. This is a boost from PulteGroup’s previous quarterly dividend of $0.16. The ex-dividend date was Monday, December 18th. This represents a $0.80 annualized dividend and a dividend yield of 0.76%. PulteGroup’s dividend payout ratio is presently 6.50%.

Analyst Ratings Changes

Several equities analysts have weighed in on PHM shares. Raymond James lowered their price objective on shares of PulteGroup from $105.00 to $100.00 and set an “outperform” rating on the stock in a research report on Thursday, October 26th. JPMorgan Chase & Co. reduced their price objective on shares of PulteGroup from $120.00 to $117.00 and set an “overweight” rating on the stock in a research note on Wednesday, October 25th. StockNews.com downgraded shares of PulteGroup from a “buy” rating to a “hold” rating in a research report on Tuesday. Royal Bank of Canada reduced their target price on shares of PulteGroup from $90.00 to $81.00 and set a “sector perform” rating for the company in a report on Wednesday, October 25th. Finally, Wedbush reaffirmed a “neutral” rating and set a $85.00 price target on shares of PulteGroup in a report on Tuesday, October 24th. Six equities research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $97.18.

View Our Latest Stock Analysis on PHM

PulteGroup Company Profile

(Free Report)

PulteGroup, Inc, through its subsidiaries, primarily engages in the homebuilding business in the United States. It acquires and develops land primarily for residential purposes; and constructs housing on such land. The company also offers various home designs, including single-family detached, townhomes, condominiums, and duplexes under the Centex, Pulte Homes, Del Webb, DiVosta Homes, American West, and John Wieland Homes and Neighborhoods brand names.

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Institutional Ownership by Quarter for PulteGroup (NYSE:PHM)

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