OneDigital Investment Advisors LLC Has $415,000 Holdings in PulteGroup, Inc. (NYSE:PHM)

OneDigital Investment Advisors LLC decreased its holdings in PulteGroup, Inc. (NYSE:PHM) by 38.8% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 2,891 shares of the construction company’s stock after selling 1,833 shares during the quarter. OneDigital Investment Advisors LLC’s holdings in PulteGroup were worth $415,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of PHM. WR Wealth Planners LLC raised its holdings in PulteGroup by 54.7% in the 2nd quarter. WR Wealth Planners LLC now owns 232 shares of the construction company’s stock valued at $26,000 after acquiring an additional 82 shares in the last quarter. Fortitude Family Office LLC increased its position in shares of PulteGroup by 115.1% in the third quarter. Fortitude Family Office LLC now owns 185 shares of the construction company’s stock worth $27,000 after purchasing an additional 99 shares during the period. LRI Investments LLC acquired a new position in PulteGroup in the first quarter valued at about $28,000. Transcendent Capital Group LLC bought a new stake in PulteGroup during the third quarter worth about $29,000. Finally, Rothschild Investment LLC acquired a new stake in PulteGroup during the second quarter worth about $31,000. Institutional investors own 89.90% of the company’s stock.

Insider Activity

In other PulteGroup news, Director Thomas J. Folliard sold 19,000 shares of the company’s stock in a transaction 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 of the company’s stock, valued at approximately $5,931,462.20. This represents a 29.58 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Insiders own 0.83% of the company’s stock.

PulteGroup Price Performance

PHM stock opened at $128.49 on Friday. The company has a debt-to-equity ratio of 0.14, a quick ratio of 0.73 and a current ratio of 0.73. PulteGroup, Inc. has a 52-week low of $86.59 and a 52-week high of $149.47. The company has a market capitalization of $26.35 billion, a P/E ratio of 9.48, a PEG ratio of 0.52 and a beta of 1.63. The company has a fifty day moving average price of $136.94 and a 200-day moving average price of $125.69.

PulteGroup (NYSE:PHM) last announced its earnings results on Tuesday, October 22nd. The construction company reported $3.35 EPS for the quarter, topping the consensus estimate of $3.10 by $0.25. The firm had revenue of $4.48 billion for the quarter, compared to the consensus estimate of $4.27 billion. PulteGroup had a return on equity of 25.30% and a net margin of 16.64%. The business’s quarterly revenue was up 11.8% compared to the same quarter last year. During the same period in the previous year, the business earned $2.90 EPS. As a group, equities analysts expect 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. Stockholders of record on Tuesday, December 17th will be given a $0.22 dividend. The ex-dividend date of this dividend is Tuesday, December 17th. This represents a $0.88 dividend on an annualized basis and a dividend yield of 0.68%. This is an increase from PulteGroup’s previous quarterly dividend of $0.20. PulteGroup’s payout ratio is 5.90%.

Analysts Set New Price Targets

Several brokerages have recently commented on PHM. Oppenheimer dropped their target price on shares of PulteGroup from $168.00 to $165.00 and set an “outperform” rating for the company in a research report on Wednesday, October 23rd. Wedbush reaffirmed a “neutral” rating and issued a $115.00 target price on shares of PulteGroup in a report on Tuesday, October 22nd. UBS Group lifted their price target on PulteGroup from $148.00 to $154.00 and gave the company a “neutral” rating in a research note on Wednesday, October 23rd. JPMorgan Chase & Co. upped their price objective on PulteGroup from $141.00 to $152.00 and gave the stock an “overweight” rating in a research report on Thursday, July 25th. Finally, Evercore ISI reduced their price objective on PulteGroup from $198.00 to $195.00 and set an “outperform” rating on the stock in a research note on Wednesday, October 23rd. Six equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $145.00.

PulteGroup 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.