Wedge Capital Management L L P NC lessened its position in shares of PulteGroup, Inc. (NYSE:PHM) by 22.9% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 799,023 shares of the construction company’s stock after selling 236,901 shares during the quarter. Wedge Capital Management L L P NC’s holdings in PulteGroup were worth $31,002,000 at the end of the most recent quarter.
A number of other institutional investors have also recently added to or reduced their stakes in the business. Marshall Wace LLP bought a new position in shares of PulteGroup in the first quarter valued at approximately $111,000. Schroder Investment Management Group increased its holdings in PulteGroup by 28.4% during the 2nd quarter. Schroder Investment Management Group now owns 528,176 shares of the construction company’s stock valued at $16,700,000 after purchasing an additional 116,877 shares in the last quarter. LPL Financial LLC increased its holdings in PulteGroup by 6.6% during the 2nd quarter. LPL Financial LLC now owns 36,143 shares of the construction company’s stock valued at $1,143,000 after purchasing an additional 2,240 shares in the last quarter. United Capital Financial Advisers LLC increased its holdings in PulteGroup by 14.9% during the 2nd quarter. United Capital Financial Advisers LLC now owns 9,865 shares of the construction company’s stock valued at $312,000 after purchasing an additional 1,276 shares in the last quarter. Finally, AXA bought a new position in PulteGroup in the 2nd quarter valued at $4,911,000. Hedge funds and other institutional investors own 86.02% of the company’s stock.
In related news, SVP James L. Ossowski sold 10,000 shares of PulteGroup stock in a transaction dated Thursday, October 24th. The stock was sold at an average price of $39.95, for a total value of $399,500.00. Following the completion of the sale, the senior vice president now directly owns 25,750 shares in the company, valued at $1,028,712.50. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 0.49% of the stock is owned by company insiders.
Shares of PHM opened at $41.31 on Thursday. The business’s fifty day moving average price is $39.61 and its two-hundred day moving average price is $36.30. The firm has a market capitalization of $11.09 billion, a price-to-earnings ratio of 11.51, a PEG ratio of 1.27 and a beta of 0.60. PulteGroup, Inc. has a 52 week low of $25.10 and a 52 week high of $41.60. The company has a debt-to-equity ratio of 0.53, a quick ratio of 0.57 and a current ratio of 0.57.
PulteGroup (NYSE:PHM) last released its earnings results on Tuesday, October 22nd. The construction company reported $1.01 earnings per share for the quarter, topping analysts’ consensus estimates of $0.92 by $0.09. PulteGroup had a return on equity of 20.02% and a net margin of 9.01%. The company had revenue of $2.71 billion during the quarter, compared to the consensus estimate of $2.58 billion. During the same quarter in the previous year, the company posted $1.01 earnings per share. The firm’s quarterly revenue was up 2.3% on a year-over-year basis. As a group, research analysts forecast that PulteGroup, Inc. will post 3.55 EPS for the current year.
The company also recently declared a quarterly dividend, which was paid on Friday, January 3rd. Investors of record on Wednesday, December 18th were issued a $0.12 dividend. This is a boost from PulteGroup’s previous quarterly dividend of $0.11. The ex-dividend date was Tuesday, December 17th. This represents a $0.48 annualized dividend and a yield of 1.16%. PulteGroup’s dividend payout ratio (DPR) is currently 13.37%.
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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