16,936 Shares in PulteGroup, Inc. (PHM) Acquired by Sentry Investment Management LLC

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Sentry Investment Management LLC acquired a new stake in PulteGroup, Inc. (NYSE:PHM) during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund acquired 16,936 shares of the construction company’s stock, valued at approximately $420,000.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Flagship Harbor Advisors LLC acquired a new position in PulteGroup during the 2nd quarter worth approximately $112,000. Rehmann Capital Advisory Group lifted its position in PulteGroup by 54.9% during the 2nd quarter. Rehmann Capital Advisory Group now owns 6,187 shares of the construction company’s stock worth $178,000 after acquiring an additional 2,193 shares in the last quarter. Raymond James Trust N.A. acquired a new position in PulteGroup during the 2nd quarter worth approximately $232,000. Segall Bryant & Hamill LLC purchased a new stake in PulteGroup during the 2nd quarter worth approximately $232,000. Finally, We Are One Seven LLC purchased a new stake in PulteGroup during the 3rd quarter worth approximately $284,000. 87.23% of the stock is currently owned by institutional investors and hedge funds.

In other news, Director Brian P. Anderson sold 5,000 shares of the business’s stock in a transaction that occurred on Monday, August 27th. The stock was sold at an average price of $28.96, for a total value of $144,800.00. Following the completion of the sale, the director now directly owns 101,235 shares in the company, valued at approximately $2,931,765.60. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 0.86% of the stock is currently owned by insiders.

Shares of NYSE PHM opened at $24.44 on Friday. PulteGroup, Inc. has a twelve month low of $20.64 and a twelve month high of $35.21. The company has a quick ratio of 0.56, a current ratio of 0.56 and a debt-to-equity ratio of 0.64. The company has a market capitalization of $7.05 billion, a PE ratio of 11.16, a PEG ratio of 0.39 and a beta of 0.92.

PulteGroup (NYSE:PHM) last issued its quarterly earnings results on Tuesday, October 23rd. The construction company reported $1.01 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.95 by $0.06. PulteGroup had a return on equity of 21.98% and a net margin of 8.63%. The business had revenue of $2.65 billion during the quarter, compared to the consensus estimate of $2.62 billion. During the same period in the previous year, the business earned $0.60 EPS. The business’s quarterly revenue was up 24.3% on a year-over-year basis. On average, equities analysts forecast that PulteGroup, Inc. will post 3.58 EPS for the current year.

Several research firms have issued reports on PHM. ValuEngine downgraded PulteGroup from a “hold” rating to a “sell” rating in a report on Friday, August 3rd. Susquehanna Bancshares set a $32.00 price objective on PulteGroup and gave the stock a “hold” rating in a report on Friday, July 27th. Citigroup lifted their price objective on PulteGroup from $30.00 to $32.00 and gave the stock a “hold” rating in a report on Monday, July 23rd. Wedbush restated a “neutral” rating on shares of PulteGroup in a report on Monday, July 16th. Finally, JMP Securities restated a “hold” rating on shares of PulteGroup in a report on Tuesday, July 31st. Three research analysts have rated the stock with a sell rating, nine have assigned a hold rating and seven have assigned a buy rating to the stock. PulteGroup currently has a consensus rating of “Hold” and a consensus target price of $31.13.

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PulteGroup Company Profile

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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Institutional Ownership by Quarter for PulteGroup (NYSE:PHM)

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