During the third quarter, Toronto Dominion Bank cut its stake in PulteGroup, INC (NYSE: PHM) by 12.4%, as stated in the most recent Form 13F filing that the company made with the Securities and Exchange Commission.
The institutional investor is now the owner of 110,553 shares of the construction company’s stock due to the sale of 15,689 shares of the company’s stock during that time.
The most recent statement that was filed with the SEC revealed that Toronto Dominion Bank had invested $4,145,000 in PulteGroupcent Form 13F filing that the company made with the Securities and Exchange Commission.
The institutional investor is now the owner of 110,553 shares of the construction company’s stock due to the sale of 15,689 shares of the company’s stock during that period.
The most recent statement filed with the SEC revealed that Toronto Dominion Bank had invested $4,145,000 in PulteGroup.
This information was obtained from the filing that was made with the SEC.
Other institutional investors have also adjusted the proportion of the business they own now; these adjustments were made in light of recent events.
During the first three months of the year, Advisors Asset Management INC increased the amount of PulteGroup stock owned by 17.6%, bringing its total ownership percentage to 100%.
After making an additional purchase of 262 shares during the most recent quarter, Advisors Asset Management INC now has 1,749 shares of the construction company’s stock, which are currently valued at $73,000.
This brings the total number of shares owned by the company to 1,749.
In the third quarter, Daiwa Securities Group INC increased the number of PulteGroup shares, bringing the total to 1.7% more than it had previously owned of recent events.
During the first three months of the year, Advisors Asset Management INC increased the amount of PulteGroup stock owned by 17.6%, bringing its total ownership percentage to 100%.
After making an additional purchase of 262 shares during the most recent quarter, Advisors Asset Management INC now has 1,749 shares of the construction company’s stock, which are currently valued at $73,000.
This brings the total number of shares owned by the company to 1,749.
In the third quarter, Daiwa Securities Group INC increased the number of PulteGroup shares it owned, bringing the total to 1.7% more than it had previously owned.
Daiwa Securities Group INC now owns a total of 15,778 shares of the construction company’s stock, which has a market value of $592,000 following the acquisition of 271 additional shares during the most recent fiscal quarter. Veriti Management LLC increased the proportion of PulteGroup stock owned by 4.8% over the third quarter.
As a result of the purchase of an additional 283 shares during the most recent quarter, Veriti Management LLC now owns a total of 6,170 shares in the construction company, which gives those shares a total value of $231,000 (based on today’s closing price).
This value was reached after the company made an additional purchase of shares during the most recent quarter.
Meeder Asset Management INC increased the proportion of PulteGroup shares it owned by 3.2% during the year’s second quarter.
After making an additional purchase of 291 shares during the most recent quarter, Meeder Asset Management INC now has 9,432 shares in the construction business.
These shares are currently worth $374,000 and give the company market capitalization. Not to be outdone, Raymond James Trust N.A.
Bumped the total amount of money it had invested in PulteGroup by 3.4% during the third quarter.
After making an additional purchase of 333 shares during the most recent quarter, Raymond James Trust N.A. now has 10,181 shares in the construction business.
This results in a value for the company of $382,000 based on the price of the stock as it is currently trading on the open market. Hedge funds and other types of institutional investors own a total of 88.07% of the company’s shares.
On February 2, Vice President Brien P. O’meara sold 4,924 shares of the company’s stock.
This is another piece of news regarding PulteGroup.
These are some of the other recent developments made by PulteGroup.
It was determined that the shares were sold at an average price of $60.00 each, which resulted in a total sale volume of $295,440.00.
The price at which each share was sold was determined to be the determining factor.
After the completion of the sale, the vice president gained direct ownership of 17,308 shares of company stock.
These shares have a value of approximately $1,038,480 each.
If you follow this link, you will be taken to the filing submitted to the Securities and Exchange Commission, where the transaction was discussed, and it will take you there immediately.
The company’s management and employees collectively own 0.71% of the company’s total shares of stock.
When trading started on Monday, the price of a share of PHM stock was $55.98.
This price remained unchanged throughout the day.
The company has a P/E ratio of 5.04, a PEG ratio of 0.48, and its beta is currently at 1.33.
The company’s market capitalization is currently sitting at $12.63 billion.
The stock’s simple moving average over the past 50 days is $49.41, and its simple moving average over the past 200 days is $44.01.
The price of PulteGroup, INC, has hit a high of $60.89 and a low of the same amount over the past 52 weeks.
The debt-to-equity ratio is calculated to be 0.23, the quick ratio is calculated to be 0.62, and the current ratio is also calculated to be 0.62.
On January 31, PulteGroup, traded on the New York Stock Exchange under the ticker symbol “PHM,” disclosed its most recent quarterly earnings report.
PHM is an abbreviation for the company’s ticker symbol.
The construction company reported that it had profits of $3.63 per share for the quarter, which was $0.75 more than the consensus estimate of $2.88 per share.
The revenue for the quarter came in significantly higher than the average projection of $4.59 billion, which came in at $5.17 billion instead.
According to their financial reports, PulteGroup had a net margin of 16.13% and a return on equity of 31.85%.
The company’s quarterly sales experienced an increase of 18.7% when measured against the same quarter from the previous year’s financial year. Compared to the previous year’s results for the same quarter, the company’s earnings per share came in at $2.51. Sell-side analysts forecast PulteGroup, INC will produce earnings per share of 7.32 cents throughout the current fiscal year.
In addition, the company declared a quarterly dividend, which will be paid out on April 4 of this year.
This dividend is scheduled to be distributed.
Investors who still hold their shares after March 20 will be eligible to receive a $0.16 dividend payment on that day.
This gives us a yield of 1.14% and a dividend payment of $0.64 each year because of this situation.
The day that the dividend is no longer payable is this coming Friday, March 17. Currently, 5.77 percent of Pulte Groupe’s earnings are distributed to shareholders.
Several reports about PHM have been compiled due to significant time and energy investment from research professionals.
In a research note published on February 1, BTIG Research upgraded their previous “buy” rating for PulteGroup to a “strong buy” rating for the company.
In addition, they increased the price target they had previously set from $61.00 to $68.00. Citigroup raised its target price on PulteGroup stock from $56.00 to $68.00 and upgraded it from a “hold” rating to a “buy” rating in a research report published on February 2. Raymond James lowered their recommendation for PulteGroup from a “strong-buy” rating to a “market perform” rating in a research note published on Friday, October 21. Credit Suisse Group upgraded their rating on PulteGroup from “outperform” to “outperform,” and they raised their price target for the company’s shares from $52.00 to $61.00 in a research note published on February 1. Finally, in a research note published on January 11, Bank of America increased its price target for PulteGroup from $46.00 to $60.00.
The company’s rating was also upgraded from “neutral” to “buy.” Eleven financial market analysts have recommended that investors purchase the company’s stock, while only four have suggested that investors keep their existing holdings in the company.
The information provided by Bloomberg indicates that the price target for PulteGroup has been established at $61.69, and the average investment recommendation is a “Moderate Buy.”
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