Prime Capital Investment Advisors LLC Has $207,000 Holdings in PulteGroup, Inc. (NYSE:PHM)

Prime Capital Investment Advisors LLC cut its holdings in PulteGroup, Inc. (NYSE:PHM) by 85.8% during the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 1,443 shares of the construction company’s stock after selling 8,700 shares during the period. Prime Capital Investment Advisors LLC’s holdings in PulteGroup were worth $207,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also modified their holdings of the business. Greenhaven Associates Inc. grew its stake in shares of PulteGroup by 0.3% in the third quarter. Greenhaven Associates Inc. now owns 5,593,179 shares of the construction company’s stock valued at $802,789,000 after acquiring an additional 16,871 shares in the last quarter. Pacer Advisors Inc. grew its stake in PulteGroup by 8.6% during the second quarter. Pacer Advisors Inc. now owns 2,968,788 shares of the construction company’s stock worth $326,864,000 after buying an additional 235,826 shares in the last quarter. Hsbc Holdings PLC grew its stake in PulteGroup by 19.6% during the second quarter. Hsbc Holdings PLC now owns 1,529,698 shares of the construction company’s stock worth $168,254,000 after buying an additional 250,937 shares in the last quarter. Captrust Financial Advisors grew its stake in PulteGroup by 18.4% during the first quarter. Captrust Financial Advisors now owns 1,085,939 shares of the construction company’s stock worth $130,986,000 after buying an additional 168,746 shares in the last quarter. Finally, Victory Capital Management Inc. grew its stake in PulteGroup by 5.9% during the second quarter. Victory Capital Management Inc. now owns 964,422 shares of the construction company’s stock worth $106,183,000 after buying an additional 53,924 shares in the last quarter. 89.90% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

PHM has been the topic of a number of analyst reports. Oppenheimer reduced their price objective on shares of PulteGroup from $168.00 to $165.00 and set an “outperform” rating on the stock in a research note on Wednesday, October 23rd. Evercore ISI reduced their price objective on shares of PulteGroup from $198.00 to $195.00 and set an “outperform” rating on the stock in a research note on Wednesday, October 23rd. Bank of America increased their price objective on shares of PulteGroup from $138.00 to $160.00 and gave the stock a “buy” rating in a research note on Thursday, September 19th. Raymond James raised their price target on shares of PulteGroup from $135.00 to $145.00 and gave the company an “outperform” rating in a research note on Thursday, July 25th. Finally, Wells Fargo & Company raised their price target on shares of PulteGroup from $150.00 to $165.00 and gave the company an “overweight” rating in a research note on Monday, October 7th. Six investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. According to data from MarketBeat.com, PulteGroup presently has a consensus rating of “Moderate Buy” and a consensus price target of $145.00.

Insiders Place Their Bets

In other news, CFO Robert Oshaughnessy sold 71,007 shares of the firm’s stock in a transaction that occurred on Friday, August 23rd. The shares were sold at an average price of $134.83, for a total transaction of $9,573,873.81. Following the completion of the sale, the chief financial officer now owns 89,323 shares of the company’s stock, valued at $12,043,420.09. This trade represents a 44.29 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. Also, Director Thomas J. Folliard sold 19,000 shares of the firm’s stock in a transaction that occurred 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 sale, the director now directly owns 45,230 shares of the company’s stock, valued at approximately $5,931,462.20. This trade represents a 29.58 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 0.83% of the company’s stock.

PulteGroup Stock Down 0.4 %

Shares of NYSE PHM opened at $128.89 on Monday. The company has a 50 day simple moving average of $137.29 and a 200 day simple moving average of $125.37. The firm has a market cap of $26.43 billion, a PE ratio of 9.51, a price-to-earnings-growth ratio of 0.52 and a beta of 1.63. PulteGroup, Inc. has a 1 year low of $86.59 and a 1 year high of $149.47. The company has a debt-to-equity ratio of 0.14, a current ratio of 0.73 and a quick ratio of 0.73.

PulteGroup (NYSE:PHM) last released its quarterly earnings results on Tuesday, October 22nd. The construction company reported $3.35 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.10 by $0.25. PulteGroup had a net margin of 16.64% and a return on equity of 25.30%. The firm had revenue of $4.48 billion during the quarter, compared to analyst estimates of $4.27 billion. During the same quarter last year, the business earned $2.90 EPS. The company’s revenue was up 11.8% compared to the same quarter last year. On average, research analysts forecast that PulteGroup, Inc. will post 12.94 EPS for the current year.

PulteGroup Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, January 3rd. Shareholders of record on Tuesday, December 17th will be issued a dividend of $0.22 per share. This is a positive change from PulteGroup’s previous quarterly dividend of $0.20. The ex-dividend date of this dividend is Tuesday, December 17th. This represents a $0.88 annualized dividend and a yield of 0.68%. PulteGroup’s dividend payout ratio (DPR) is presently 5.90%.

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.