PulteGroup, Inc. $PHM Shares Sold by Mutual of America Capital Management LLC

Mutual of America Capital Management LLC reduced its position in shares of PulteGroup, Inc. (NYSE:PHM) by 2.5% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 22,983 shares of the construction company’s stock after selling 578 shares during the period. Mutual of America Capital Management LLC’s holdings in PulteGroup were worth $2,424,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of the company. VIRGINIA RETIREMENT SYSTEMS ET Al purchased a new stake in PulteGroup during the 2nd quarter worth approximately $39,709,000. Nordea Investment Management AB increased its stake in PulteGroup by 2.8% during the 2nd quarter. Nordea Investment Management AB now owns 897,079 shares of the construction company’s stock worth $94,014,000 after buying an additional 24,236 shares in the last quarter. Praxis Investment Management Inc. purchased a new stake in PulteGroup during the 2nd quarter worth approximately $478,000. Harbor Asset Planning Inc. purchased a new stake in PulteGroup during the 2nd quarter worth approximately $199,000. Finally, Ritholtz Wealth Management increased its stake in PulteGroup by 29.7% during the 2nd quarter. Ritholtz Wealth Management now owns 61,294 shares of the construction company’s stock worth $6,464,000 after buying an additional 14,031 shares in the last quarter. 89.90% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research firms have commented on PHM. Royal Bank Of Canada boosted their price objective on PulteGroup from $109.00 to $112.00 and gave the stock a “sector perform” rating in a research note on Wednesday, July 23rd. Raymond James Financial reiterated an “outperform” rating and set a $140.00 price objective (up from $115.00) on shares of PulteGroup in a research note on Wednesday, July 23rd. Citigroup upped their price target on PulteGroup from $132.00 to $143.00 and gave the company a “neutral” rating in a research report on Wednesday, October 1st. JPMorgan Chase & Co. upped their price target on PulteGroup from $121.00 to $123.00 and gave the company an “overweight” rating in a research report on Wednesday, July 23rd. Finally, Oppenheimer upped their price target on PulteGroup from $132.00 to $140.00 and gave the company an “outperform” rating in a research report on Wednesday, July 23rd. One analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and seven have assigned a Hold rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $133.67.

PulteGroup Price Performance

PHM stock opened at $120.60 on Friday. The company has a debt-to-equity ratio of 0.13, a current ratio of 0.81 and a quick ratio of 0.77. The business has a 50 day simple moving average of $130.35 and a 200-day simple moving average of $114.43. The firm has a market capitalization of $23.51 billion, a PE ratio of 9.28, a price-to-earnings-growth ratio of 0.97 and a beta of 1.29. PulteGroup, Inc. has a 1 year low of $88.07 and a 1 year high of $142.11.

PulteGroup (NYSE:PHM) last released its quarterly earnings data on Tuesday, October 21st. The construction company reported $2.96 EPS for the quarter, beating analysts’ consensus estimates of $2.86 by $0.10. PulteGroup had a return on equity of 19.58% and a net margin of 14.93%.The firm had revenue of $4.40 billion for the quarter, compared to analysts’ expectations of $4.31 billion. During the same period in the prior year, the firm posted $3.35 earnings per share. The firm’s quarterly revenue was down 1.6% on a year-over-year basis. Equities research analysts anticipate that PulteGroup, Inc. will post 12.32 earnings per share for the current fiscal year.

PulteGroup Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, October 2nd. Investors of record on Tuesday, September 16th were issued a $0.22 dividend. The ex-dividend date was Tuesday, September 16th. This represents a $0.88 dividend on an annualized basis and a yield of 0.7%. PulteGroup’s dividend payout ratio is currently 6.58%.

PulteGroup Profile

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, John Wieland Homes and Neighborhoods, and American West brand names.