Sanctuary Advisors LLC Acquires Shares of 87,827 PulteGroup, Inc. (NYSE:PHM)

Sanctuary Advisors LLC bought a new position in PulteGroup, Inc. (NYSE:PHM) during the second quarter, Holdings Channel reports. The firm bought 87,827 shares of the construction company’s stock, valued at approximately $9,995,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Benjamin Edwards Inc. acquired a new position in PulteGroup in the first quarter valued at approximately $26,000. WR Wealth Planners LLC lifted its stake in shares of 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 purchasing an additional 82 shares during the period. LRI Investments LLC purchased a new stake in PulteGroup during the first quarter worth $28,000. Rothschild Investment LLC acquired a new stake in PulteGroup during the second quarter valued at $31,000. Finally, Candriam S.C.A. purchased a new position in PulteGroup in the second quarter valued at $33,000. 89.90% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other PulteGroup news, CFO Robert Oshaughnessy sold 71,007 shares of the business’s stock in a transaction dated Friday, August 23rd. The shares were sold at an average price of $134.83, for a total value of $9,573,873.81. Following the transaction, the chief financial officer now directly owns 89,323 shares in the company, valued at approximately $12,043,420.09. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, Director Thomas J. Folliard sold 19,000 shares of the firm’s stock in a transaction dated 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 of the company’s stock, valued at approximately $5,931,462.20. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Robert Oshaughnessy sold 71,007 shares of the business’s stock in a transaction dated 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 in the company, valued at $12,043,420.09. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 119,000 shares of company stock worth $15,814,039. Insiders own 0.83% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on the stock. Evercore ISI increased their target price on shares of PulteGroup from $183.00 to $189.00 and gave the stock an “outperform” rating in a research note on Monday, July 15th. Barclays raised their price objective on PulteGroup from $131.00 to $150.00 and gave the company an “overweight” rating in a report on Wednesday, July 24th. JPMorgan Chase & Co. upped their target price on PulteGroup from $141.00 to $152.00 and gave the stock an “overweight” rating in a research note on Thursday, July 25th. Wedbush reissued a “neutral” rating and issued a $115.00 price target on shares of PulteGroup in a research note on Friday, August 16th. Finally, Royal Bank of Canada boosted their price target on shares of PulteGroup from $113.00 to $120.00 and gave the stock a “sector perform” rating in a report on Wednesday, July 24th. Six investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $135.93.

PulteGroup Trading Down 0.2 %

PHM opened at $142.97 on Friday. The firm has a market capitalization of $29.67 billion, a price-to-earnings ratio of 11.45, a price-to-earnings-growth ratio of 0.58 and a beta of 1.62. The company’s 50 day simple moving average is $132.43 and its two-hundred day simple moving average is $120.43. PulteGroup, Inc. has a 1-year low of $68.80 and a 1-year high of $145.84. The company has a debt-to-equity ratio of 0.15, a current ratio of 0.76 and a quick ratio of 0.76.

PulteGroup (NYSE:PHM) last announced its quarterly earnings data on Tuesday, July 23rd. The construction company reported $3.83 EPS for the quarter, topping analysts’ consensus estimates of $3.27 by $0.56. The firm had revenue of $4.60 billion for the quarter, compared to the consensus estimate of $4.49 billion. PulteGroup had a return on equity of 25.67% and a net margin of 16.75%. The firm’s revenue was up 9.8% compared to the same quarter last year. During the same quarter last year, the business posted $3.00 earnings per share. Analysts expect that PulteGroup, Inc. will post 12.9 EPS for the current fiscal year.

PulteGroup Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, October 2nd. Investors of record on Tuesday, September 17th were issued a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a dividend yield of 0.56%. The ex-dividend date of this dividend was Tuesday, September 17th. PulteGroup’s dividend payout ratio is currently 6.41%.

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.