Todd Asset Management LLC Has $45.92 Million Position in PulteGroup, Inc. (PHM)

Todd Asset Management LLC increased its position in shares of PulteGroup, Inc. (NYSE:PHM) by 117.0% during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 1,680,010 shares of the construction company’s stock after purchasing an additional 905,952 shares during the quarter. PulteGroup makes up about 1.3% of Todd Asset Management LLC’s holdings, making the stock its 13th biggest position. Todd Asset Management LLC owned approximately 0.57% of PulteGroup worth $45,915,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Toronto Dominion Bank boosted its stake in PulteGroup by 12.4% in the third quarter. Toronto Dominion Bank now owns 118,323 shares of the construction company’s stock valued at $3,236,000 after acquiring an additional 13,047 shares during the last quarter. New York State Common Retirement Fund boosted its stake in PulteGroup by 1.1% in the third quarter. New York State Common Retirement Fund now owns 1,011,928 shares of the construction company’s stock valued at $27,656,000 after acquiring an additional 11,000 shares during the last quarter. Meag Munich Ergo Kapitalanlagegesellschaft MBH boosted its stake in PulteGroup by 153.4% in the third quarter. Meag Munich Ergo Kapitalanlagegesellschaft MBH now owns 277,653 shares of the construction company’s stock valued at $7,511,000 after acquiring an additional 168,079 shares during the last quarter. Sei Investments Co. raised its position in shares of PulteGroup by 19.0% in the third quarter. Sei Investments Co. now owns 79,930 shares of the construction company’s stock valued at $2,184,000 after purchasing an additional 12,771 shares during the period. Finally, Suffolk Capital Management LLC bought a new stake in shares of PulteGroup in the third quarter valued at approximately $8,521,000. Institutional investors and hedge funds own 87.54% of the company’s stock.

Shares of PulteGroup, Inc. (NYSE PHM) traded up $0.08 during trading on Monday, hitting $31.15. 5,116,500 shares of the stock were exchanged, compared to its average volume of 5,073,791. PulteGroup, Inc. has a 12 month low of $18.18 and a 12 month high of $31.36. The stock has a market cap of $9,260.00, a PE ratio of 15.19, a price-to-earnings-growth ratio of 0.91 and a beta of 1.17. The company has a quick ratio of 0.25, a current ratio of 0.25 and a debt-to-equity ratio of 0.72.

PulteGroup (NYSE:PHM) last announced its quarterly earnings data on Tuesday, October 24th. The construction company reported $0.60 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.59 by $0.01. PulteGroup had a net margin of 7.77% and a return on equity of 14.38%. The company had revenue of $2.13 billion during the quarter, compared to analysts’ expectations of $2.30 billion. During the same quarter in the prior year, the company earned $0.43 EPS. The firm’s revenue was up 9.6% on a year-over-year basis. analysts predict that PulteGroup, Inc. will post 2.18 earnings per share for the current year.

PHM has been the topic of several research reports. Wedbush reissued a “neutral” rating and issued a $22.00 price target on shares of PulteGroup in a research report on Tuesday, July 25th. UBS AG lowered shares of PulteGroup from a “positive” rating to a “neutral” rating in a research report on Wednesday, July 26th. Susquehanna Bancshares Inc lowered shares of PulteGroup from a “positive” rating to a “neutral” rating and set a $26.00 price target on the stock. in a research report on Wednesday, July 26th. FBR & Co reissued an “outperform” rating and issued a $28.00 price target (up previously from $26.00) on shares of PulteGroup in a research report on Wednesday, July 26th. Finally, Citigroup Inc. upped their target price on shares of PulteGroup from $23.00 to $26.00 and gave the stock a “neutral” rating in a report on Wednesday, July 26th. Two analysts have rated the stock with a sell rating, eight have assigned a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $28.67.

In other PulteGroup news, insider James R. Ellinghausen sold 136,912 shares of the stock in a transaction on Friday, October 27th. The shares were sold at an average price of $29.70, for a total transaction of $4,066,286.40. Following the completion of the sale, the insider now owns 294,369 shares of the company’s stock, valued at approximately $8,742,759.30. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 0.71% of the company’s stock.

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PulteGroup Company Profile

PulteGroup, Inc is a homebuilder in the United States. The Company’s segments include Homebuilding and Financial Services. Its Homebuilding operations are engaged in the acquisition and development of land primarily for residential purposes within the United States and the construction of housing on such land.

Institutional Ownership by Quarter for PulteGroup (NYSE:PHM)

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