Cim Investment Mangement Inc. Acquires 354 Shares of PulteGroup, Inc. (PHM)

Cim Investment Mangement Inc. raised its position in PulteGroup, Inc. (NYSE:PHM) by 1.2% during the fourth quarter, Holdings Channel reports. The institutional investor owned 30,840 shares of the company’s stock after buying an additional 354 shares during the period. Cim Investment Mangement Inc.’s holdings in PulteGroup were worth $567,000 as of its most recent SEC filing.

A number of other institutional investors have also modified their holdings of PHM. IFP Advisors Inc boosted its position in shares of PulteGroup by 1.6% in the second quarter. IFP Advisors Inc now owns 5,597 shares of the company’s stock worth $109,000 after buying an additional 90 shares in the last quarter. Orinda Asset Management LLC purchased a new stake in shares of PulteGroup during the third quarter valued at approximately $153,000. Advisory Services Network LLC raised its stake in shares of PulteGroup by 5.4% in the third quarter. Advisory Services Network LLC now owns 9,811 shares of the company’s stock valued at $197,000 after buying an additional 501 shares during the last quarter. Two Sigma Securities LLC purchased a new stake in shares of PulteGroup during the third quarter valued at approximately $224,000. Finally, MCF Advisors LLC raised its stake in shares of PulteGroup by 0.5% in the second quarter. MCF Advisors LLC now owns 11,803 shares of the company’s stock valued at $230,000 after buying an additional 60 shares during the last quarter. 88.78% of the stock is currently owned by hedge funds and other institutional investors.

Institutional Ownership by Quarter for PulteGroup (NYSE:PHM)

PulteGroup, Inc. (NYSE:PHM) traded down 0.14% during trading on Tuesday, reaching $21.49. 4,346,309 shares of the company were exchanged. The firm has a market cap of $6.83 billion, a price-to-earnings ratio of 12.29 and a beta of 1.24. The firm has a 50-day moving average of $19.96 and a 200-day moving average of $19.81. PulteGroup, Inc. has a 52-week low of $16.26 and a 52-week high of $22.40.

PulteGroup (NYSE:PHM) last released its quarterly earnings results on Thursday, January 26th. The company reported $0.67 EPS for the quarter, beating the Zacks’ consensus estimate of $0.59 by $0.08. The firm had revenue of $2.40 billion for the quarter, compared to analyst estimates of $2.32 billion. PulteGroup had a net margin of 7.86% and a return on equity of 12.29%. The company’s revenue for the quarter was up 20.9% compared to the same quarter last year. During the same period in the previous year, the business earned $0.57 earnings per share. On average, equities analysts forecast that PulteGroup, Inc. will post $2.23 EPS for the current year.

The business also recently announced a quarterly dividend, which will be paid on Tuesday, April 4th. Stockholders of record on Friday, March 10th will be given a dividend of $0.09 per share. The ex-dividend date is Wednesday, March 8th. This represents a $0.36 dividend on an annualized basis and a dividend yield of 1.68%. PulteGroup’s payout ratio is 20.22%.

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Several equities research analysts have commented on the stock. FBR & Co upgraded shares of PulteGroup from a “market perform” rating to an “outperform” rating and raised their price target for the company from $23.00 to $26.00 in a research note on Tuesday. Zacks Investment Research upgraded shares of PulteGroup from a “hold” rating to a “buy” rating and set a $24.00 price target on the stock in a research note on Monday, January 30th. BTIG Research assumed coverage on shares of PulteGroup in a research note on Tuesday, February 7th. They issued a “neutral” rating on the stock. Royal Bank Of Canada raised their price target on shares of PulteGroup from $22.00 to $24.00 and gave the company an “outperform” rating in a research note on Friday, January 27th. Finally, Bank of America Corporation upgraded shares of PulteGroup from an “underperform” rating to a “buy” rating and set a $25.00 price target on the stock in a research note on Friday, January 27th. Two equities research analysts have rated the stock with a sell rating, seven have given a hold rating and nine have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus price target of $22.73.

In other news, Director Richard J. Dugas, Jr. sold 341,222 shares of the company’s stock in a transaction that occurred on Thursday, January 26th. The shares were sold at an average price of $20.78, for a total transaction of $7,090,593.16. Following the transaction, the director now directly owns 1,216,348 shares in the company, valued at $25,275,711.44. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Steven M. Cook sold 20,000 shares of the company’s stock in a transaction that occurred on Friday, February 3rd. The stock was sold at an average price of $21.33, for a total transaction of $426,600.00. Following the transaction, the executive vice president now owns 235,899 shares in the company, valued at $5,031,725.67. The disclosure for this sale can be found here. Insiders have sold 456,976 shares of company stock worth $9,547,231 over the last quarter. 1.83% of the stock is owned by company insiders.

PulteGroup Company Profile

PulteGroup, Inc is a homebuilder operating in the United States. The Company, through Pulte Mortgage LLC, is engaged in mortgage banking operations and title operations. The Company’s subsidiaries are also engaged in the homebuilding business. The Company operates through Homebuilding and Financial Services segments.

5 Day Chart for NYSE:PHM

Want to see what other hedge funds are holding PHM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for PulteGroup, Inc. (NYSE:PHM).

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