PulteGroup, Inc. (NYSE:PHM) Shares Sold by Cambridge Investment Research Advisors Inc.

Cambridge Investment Research Advisors Inc. decreased its holdings in shares of PulteGroup, Inc. (NYSE:PHMGet Rating) by 79.6% during the 3rd quarter, HoldingsChannel.com reports. The fund owned 27,236 shares of the construction company’s stock after selling 106,551 shares during the period. Cambridge Investment Research Advisors Inc.’s holdings in PulteGroup were worth $1,021,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. Elk River Wealth Management LLC lifted its holdings in shares of PulteGroup by 5.3% during the 3rd quarter. Elk River Wealth Management LLC now owns 99,276 shares of the construction company’s stock valued at $3,738,000 after acquiring an additional 4,972 shares in the last quarter. Forsta AP Fonden acquired a new position in shares of PulteGroup during the 3rd quarter valued at $79,000. Unison Advisors LLC lifted its holdings in PulteGroup by 32.4% in the 3rd quarter. Unison Advisors LLC now owns 10,310 shares of the construction company’s stock worth $388,000 after buying an additional 2,523 shares in the last quarter. Patton Albertson Miller Group LLC lifted its holdings in PulteGroup by 4.2% in the 3rd quarter. Patton Albertson Miller Group LLC now owns 70,271 shares of the construction company’s stock worth $2,635,000 after buying an additional 2,813 shares in the last quarter. Finally, Hudson Capital Management LLC lifted its holdings in PulteGroup by 14.0% in the 3rd quarter. Hudson Capital Management LLC now owns 60,050 shares of the construction company’s stock worth $2,252,000 after buying an additional 7,369 shares in the last quarter. Institutional investors and hedge funds own 88.07% of the company’s stock.

PulteGroup Price Performance

Shares of NYSE:PHM opened at $47.67 on Friday. The company has a quick ratio of 0.26, a current ratio of 0.26 and a debt-to-equity ratio of 0.25. PulteGroup, Inc. has a fifty-two week low of $35.03 and a fifty-two week high of $58.09. The firm has a 50-day simple moving average of $43.78 and a 200 day simple moving average of $42.06. The company has a market cap of $10.86 billion, a PE ratio of 4.83, a P/E/G ratio of 3.79 and a beta of 1.24.

PulteGroup (NYSE:PHMGet Rating) last announced its quarterly earnings data on Tuesday, October 25th. The construction company reported $2.69 earnings per share for the quarter, missing analysts’ consensus estimates of $2.73 by ($0.04). PulteGroup had a net margin of 15.56% and a return on equity of 30.80%. The business had revenue of $3.94 billion for the quarter, compared to the consensus estimate of $4.04 billion. On average, sell-side analysts anticipate that PulteGroup, Inc. will post 10.14 EPS for the current year.

PulteGroup Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, January 3rd. Shareholders of record on Wednesday, December 14th were given a $0.16 dividend. This is a boost from PulteGroup’s previous quarterly dividend of $0.15. The ex-dividend date was Tuesday, December 13th. This represents a $0.64 annualized dividend and a yield of 1.34%. PulteGroup’s dividend payout ratio is 6.49%.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on the stock. Citigroup boosted their price objective on shares of PulteGroup to $51.00 in a report on Thursday, October 13th. Raymond James lowered shares of PulteGroup from a “strong-buy” rating to a “market perform” rating in a report on Friday, October 21st. KeyCorp boosted their price objective on shares of PulteGroup from $47.00 to $51.00 and gave the stock an “overweight” rating in a report on Monday, November 14th. StockNews.com lowered shares of PulteGroup from a “buy” rating to a “hold” rating in a report on Tuesday, October 11th. Finally, Barclays upgraded shares of PulteGroup from an “equal weight” rating to an “overweight” rating and upped their target price for the company from $45.00 to $58.00 in a research note on Wednesday, December 14th. Five equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $52.50.

PulteGroup Profile

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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.

Further Reading

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Institutional Ownership by Quarter for PulteGroup (NYSE:PHM)

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