PulteGroup, Inc. (PHM) Shares Bought by Baugh & Associates LLC

Baugh & Associates LLC lifted its position in shares of PulteGroup, Inc. (NYSE:PHM) by 19.7% during the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 117,485 shares of the construction company’s stock after purchasing an additional 19,341 shares during the period. PulteGroup comprises about 2.3% of Baugh & Associates LLC’s holdings, making the stock its 28th largest position. Baugh & Associates LLC’s holdings in PulteGroup were worth $2,910,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of PHM. Chicago Equity Partners LLC increased its position in PulteGroup by 34.8% in the 3rd quarter. Chicago Equity Partners LLC now owns 148,215 shares of the construction company’s stock valued at $3,671,000 after acquiring an additional 38,295 shares during the period. State Board of Administration of Florida Retirement System increased its position in PulteGroup by 3.5% in the 3rd quarter. State Board of Administration of Florida Retirement System now owns 515,951 shares of the construction company’s stock valued at $12,780,000 after acquiring an additional 17,317 shares during the period. USA Financial Portformulas Corp acquired a new position in PulteGroup in the 3rd quarter valued at about $371,000. Robeco Institutional Asset Management B.V. increased its position in PulteGroup by 51.6% in the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 366,630 shares of the construction company’s stock valued at $9,082,000 after acquiring an additional 124,806 shares during the period. Finally, Harel Insurance Investments & Financial Services Ltd. increased its position in PulteGroup by 400.0% in the 3rd quarter. Harel Insurance Investments & Financial Services Ltd. now owns 12,500 shares of the construction company’s stock valued at $310,000 after acquiring an additional 10,000 shares during the period. Institutional investors and hedge funds own 85.91% of the company’s stock.

NYSE PHM opened at $24.27 on Monday. The company has a debt-to-equity ratio of 0.64, a quick ratio of 0.56 and a current ratio of 0.56. PulteGroup, Inc. has a 12-month low of $20.64 and a 12-month high of $35.21. The company has a market cap of $6.82 billion, a price-to-earnings ratio of 7.27, a price-to-earnings-growth ratio of 0.38 and a beta of 0.92.

PulteGroup (NYSE:PHM) last released its earnings results on Tuesday, October 23rd. The construction company reported $1.01 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ 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 company had revenue of $2.65 billion for the quarter, compared to analysts’ expectations of $2.62 billion. During the same quarter in the previous year, the firm posted $0.60 EPS. The firm’s quarterly revenue was up 24.3% on a year-over-year basis. As a group, equities research analysts forecast that PulteGroup, Inc. will post 3.58 EPS for the current year.

In other PulteGroup 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 transaction of $144,800.00. Following the transaction, the director now owns 101,235 shares in the company, valued at approximately $2,931,765.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.86% of the company’s stock.

Several equities analysts recently issued reports on the company. BTIG Research cut PulteGroup from a “neutral” rating to a “sell” rating in a research report on Friday, July 27th. They noted that the move was a valuation call. Citigroup boosted their price target on PulteGroup from $30.00 to $32.00 and gave the company a “hold” rating in a research report on Monday, July 23rd. Mizuho cut PulteGroup from a “buy” rating to a “neutral” rating and set a $31.00 price target on the stock. in a research report on Tuesday, August 7th. Evercore ISI upgraded PulteGroup to an “outperform” rating and dropped their price target for the company from $29.00 to $28.00 in a research report on Thursday, October 25th. They noted that the move was a valuation call. Finally, ValuEngine cut PulteGroup from a “hold” rating to a “sell” rating in a research report on Friday, August 3rd. Three research analysts have rated the stock with a sell rating, nine have given a hold rating and seven have given a buy rating to the stock. The company has an average rating of “Hold” and a consensus target price of $31.13.

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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