Flagship Harbor Advisors LLC reduced its stake in shares of PulteGroup, Inc. (NYSE:PHM) by 11.4% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 2,947 shares of the construction company’s stock after selling 378 shares during the quarter. Flagship Harbor Advisors LLC’s holdings in PulteGroup were worth $76,000 as of its most recent filing with the SEC.
Other large investors also recently made changes to their positions in the company. Migdal Insurance & Financial Holdings Ltd. purchased a new stake in shares of PulteGroup during the 3rd quarter valued at about $145,000. Rehmann Capital Advisory Group raised its holdings in shares of PulteGroup by 17.3% during the 3rd quarter. Rehmann Capital Advisory Group now owns 7,256 shares of the construction company’s stock valued at $180,000 after buying an additional 1,069 shares during the period. McKinley Carter Wealth Services Inc. purchased a new stake in shares of PulteGroup during the 3rd quarter valued at about $259,000. Alambic Investment Management L.P. purchased a new stake in shares of PulteGroup during the 3rd quarter valued at about $261,000. Finally, Campbell & CO Investment Adviser LLC purchased a new stake in PulteGroup during the 3rd quarter worth approximately $280,000. Institutional investors and hedge funds own 87.75% of the company’s stock.
Several research firms have issued reports on PHM. Zacks Investment Research downgraded PulteGroup from a “hold” rating to a “sell” rating in a report on Friday. ValuEngine downgraded PulteGroup from a “hold” rating to a “sell” rating in a report on Thursday, January 17th. BTIG Research downgraded PulteGroup from a “neutral” rating to a “sell” rating and set a $23.00 price objective on the stock. in a report on Thursday, January 17th. Buckingham Research began coverage on PulteGroup in a report on Friday, January 11th. They set a “neutral” rating and a $30.00 price objective on the stock. They noted that the move was a valuation call. Finally, Royal Bank of Canada downgraded PulteGroup from a “sector perform” rating to an “underperform” rating and set a $25.00 price objective on the stock. in a report on Friday, January 11th. They noted that the move was a valuation call. Six investment analysts have rated the stock with a sell rating, eight have given a hold rating and four have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average target price of $28.36.
Shares of PHM opened at $27.35 on Monday. The company has a market capitalization of $7.68 billion, a PE ratio of 7.62, a PEG ratio of 0.47 and a beta of 0.81. The company has a quick ratio of 0.56, a current ratio of 0.77 and a debt-to-equity ratio of 0.63. PulteGroup, Inc. has a 52 week low of $20.64 and a 52 week high of $33.04.
PulteGroup (NYSE:PHM) last issued its earnings results on Tuesday, January 29th. The construction company reported $1.11 EPS for the quarter, topping the consensus estimate of $1.09 by $0.02. The company had revenue of $3 billion during the quarter, compared to analyst estimates of $2.90 billion. PulteGroup had a return on equity of 22.51% and a net margin of 10.03%. The business’s revenue was up 7.3% on a year-over-year basis. During the same quarter last year, the firm earned $0.85 EPS. Equities analysts expect that PulteGroup, Inc. will post 3.3 earnings per share for the current year.
PulteGroup, Inc, through its subsidiaries, primarily engages in the homebuilding business in the United States. The company is involved in the acquisition and development of land primarily for residential purposes; and the construction of 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 names.
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