PulteGroup, Inc. (NYSE:PHM) Stake Lessened by Private Advisory Group LLC

Private Advisory Group LLC decreased its position in shares of PulteGroup, Inc. (NYSE:PHM) by 11.0% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 7,684 shares of the construction company’s stock after selling 950 shares during the period. Private Advisory Group LLC’s holdings in PulteGroup were worth $1,103,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Benjamin Edwards Inc. bought a new position in shares of PulteGroup during the 1st quarter valued at about $26,000. WR Wealth Planners LLC grew its position in PulteGroup by 54.7% in the second quarter. WR Wealth Planners LLC now owns 232 shares of the construction company’s stock worth $26,000 after buying an additional 82 shares during the last quarter. LRI Investments LLC bought a new position in shares of PulteGroup in the first quarter valued at $28,000. Rothschild Investment LLC acquired a new stake in shares of PulteGroup during the 2nd quarter valued at $31,000. Finally, Candriam S.C.A. bought a new stake in shares of PulteGroup during the 2nd quarter worth $33,000. Institutional investors own 89.90% of the company’s stock.

PulteGroup Trading Down 0.5 %

PHM opened at $138.65 on Friday. The stock has a market capitalization of $28.77 billion, a P/E ratio of 10.58, a P/E/G ratio of 0.57 and a beta of 1.62. The firm’s fifty day simple moving average is $133.04 and its 200 day simple moving average is $121.21. PulteGroup, Inc. has a 12 month low of $68.80 and a 12 month high of $145.84. The company has a current ratio of 0.76, a quick ratio of 0.76 and a debt-to-equity ratio of 0.15.

PulteGroup (NYSE:PHM) last issued its earnings results on Tuesday, July 23rd. The construction company reported $3.83 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.27 by $0.56. The company had revenue of $4.60 billion for the quarter, compared to analysts’ expectations of $4.49 billion. PulteGroup had a net margin of 16.75% and a return on equity of 25.67%. PulteGroup’s quarterly revenue was up 9.8% compared to the same quarter last year. During the same period in the prior year, the firm earned $3.00 EPS. As a group, research analysts anticipate that PulteGroup, Inc. will post 12.9 EPS for the current fiscal year.

PulteGroup Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, October 2nd. Stockholders of record on Tuesday, September 17th were issued a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a dividend yield of 0.58%. The ex-dividend date was Tuesday, September 17th. PulteGroup’s dividend payout ratio is currently 6.10%.

Insider Activity at PulteGroup

In other news, Director Thomas J. Folliard sold 19,000 shares of the company’s stock in a transaction on Wednesday, August 28th. The stock was sold at an average price of $131.14, for a total transaction of $2,491,660.00. Following the completion of the sale, the director now directly owns 45,230 shares in the company, valued at approximately $5,931,462.20. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In related news, Director Thomas J. Folliard sold 19,000 shares of the stock in a transaction that occurred on Wednesday, August 28th. The shares were sold at an average price of $131.14, for a total transaction of $2,491,660.00. Following the sale, the director now owns 45,230 shares in the company, valued at approximately $5,931,462.20. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CFO Robert Oshaughnessy sold 28,993 shares of the business’s stock in a transaction that occurred on Thursday, August 1st. The shares were sold at an average price of $129.29, for a total transaction of $3,748,504.97. Following the transaction, the chief financial officer now owns 160,330 shares of the company’s stock, valued at approximately $20,729,065.70. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 119,000 shares of company stock worth $15,814,039. Corporate insiders own 0.83% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on the company. Citigroup cut their target price on PulteGroup from $129.00 to $117.00 and set a “neutral” rating on the stock in a research report on Tuesday, July 2nd. Oppenheimer raised their target price on shares of PulteGroup from $151.00 to $168.00 and gave the stock an “outperform” rating in a report on Wednesday, October 2nd. Royal Bank of Canada boosted their price target on shares of PulteGroup from $113.00 to $120.00 and gave the company a “sector perform” rating in a report on Wednesday, July 24th. JPMorgan Chase & Co. increased their price objective on PulteGroup from $141.00 to $152.00 and gave the stock an “overweight” rating in a report on Thursday, July 25th. Finally, Bank of America boosted their target price on PulteGroup from $138.00 to $160.00 and gave the company a “buy” rating in a research note on Thursday, September 19th. Six investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $141.14.

PulteGroup Company 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.