Pulte Group INC (PHM) Holder Brandywine Global Investment Management LLC Lowered Its Position by $4.38 Million as Stock Price Rose

PulteGroup, Inc. (NYSE:PHM) LogoInvestors sentiment increased to 1.03 in Q2 2019. Its up 0.15, from 0.88 in 2019Q1. It is positive, as 33 investors sold PHM shares while 166 reduced holdings. 75 funds opened positions while 129 raised stakes. 224.91 million shares or 0.65% more from 223.45 million shares in 2019Q1 were reported. 1.23 million are held by Bridgeway Capital Mngmt. Btc Cap invested in 108,066 shares. Janney Montgomery Scott Lc holds 37,511 shares. 66,370 are held by Gulf Interest Bank (Uk) Limited. Leuthold Ltd owns 0.8% invested in PulteGroup, Inc. (NYSE:PHM) for 196,361 shares. Sta Wealth Management Lc holds 0.2% in PulteGroup, Inc. (NYSE:PHM) or 26,991 shares. Cornerstone Advsrs Incorporated holds 114 shares or 0% of its portfolio. Camarda Financial Advsrs Ltd Company has invested 0.04% in PulteGroup, Inc. (NYSE:PHM). Wellington Group Llp reported 0% in PulteGroup, Inc. (NYSE:PHM). 9,543 were accumulated by Gateway Investment Advisers Ltd. Livforsakringsbolaget Skandia Omsesidigt holds 0.07% of its portfolio in PulteGroup, Inc. (NYSE:PHM) for 18,748 shares. Moreover, Louisiana State Employees Retirement Sys has 0.02% invested in PulteGroup, Inc. (NYSE:PHM). Bradley Foster Sargent Ct has invested 0.01% in PulteGroup, Inc. (NYSE:PHM). Voya Inv Mngmt Ltd owns 274,357 shares for 0.02% of their portfolio. Coldstream has invested 0.08% in PulteGroup, Inc. (NYSE:PHM).

Brandywine Global Investment Management Llc decreased its stake in Pulte Group Inc (PHM) by 5.44% based on its latest 2019Q2 regulatory filing with the SEC. Brandywine Global Investment Management Llc sold 141,266 shares as the company’s stock rose 0.70% . The institutional investor held 2.46 million shares of the capital goods company at the end of 2019Q2, valued at $77.66M, down from 2.60M at the end of the previous reported quarter. Brandywine Global Investment Management Llc who had been investing in Pulte Group Inc for a number of months, seems to be less bullish one the $9.64 billion market cap company. The stock increased 0.21% or $0.08 during the last trading session, reaching $35.15. About 4.34 million shares traded or 24.00% up from the average. PulteGroup, Inc. (NYSE:PHM) has risen 11.98% since September 13, 2018 and is uptrending. It has outperformed by 11.98% the S&P500.

Brandywine Global Investment Management Llc, which manages about $52.46B and $14.47B US Long portfolio, upped its stake in American Woodmark Corporatio (NASDAQ:AMWD) by 39,048 shares to 148,299 shares, valued at $12.55 million in 2019Q2, according to the filing. It also increased its holding in Illinois Tool Wks Inc (NYSE:ITW) by 21,089 shares in the quarter, for a total of 103,642 shares, and has risen its stake in Berkley W R Corp (NYSE:WRB).

Analysts await PulteGroup, Inc. (NYSE:PHM) to report earnings on October, 22. They expect $0.92 earnings per share, down 8.91 % or $0.09 from last year’s $1.01 per share. PHM’s profit will be $252.23 million for 9.55 P/E if the $0.92 EPS becomes a reality. After $0.86 actual earnings per share reported by PulteGroup, Inc. for the previous quarter, Wall Street now forecasts 6.98 % EPS growth.

More important recent PulteGroup, Inc. (NYSE:PHM) news were published by: Finance.Yahoo.com which released: “Is PulteGroup, Inc.’s (NYSE:PHM) P/E Ratio Really That Good? – Yahoo Finance” on September 10, 2019, also Businesswire.com published article titled: “Del Webb Unveils New Consumer Inspired Home Designs – Business Wire”, Benzinga.com published: “Stocks That Hit 52-Week Highs On Friday – Benzinga” on September 06, 2019. More interesting news about PulteGroup, Inc. (NYSE:PHM) was released by: Seekingalpha.com and their article: “Pulte Trust cuts PulteGroup stake to 4.8% – Seeking Alpha” with publication date: August 26, 2019.

PulteGroup, Inc. (NYSE:PHM) Ratings Coverage

Among 4 analysts covering PulteGroup (NYSE:PHM), 2 have Buy rating, 0 Sell and 2 Hold. Therefore 50% are positive. PulteGroup has $4400 highest and $25.5 lowest target. $34.63’s average target is -1.48% below currents $35.15 stock price. PulteGroup had 9 analyst reports since March 19, 2019 according to SRatingsIntel. As per Tuesday, April 16, the company rating was maintained by Buckingham Research. The rating was upgraded by JP Morgan to “Neutral” on Wednesday, April 10.

PulteGroup, Inc. (NYSE:PHM) Institutional Positions Chart

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