PulteGroup, Inc. (NYSE:PHM) Shares Acquired by Strategic Wealth Partners Ltd.

Strategic Wealth Partners Ltd. lifted its position in PulteGroup, Inc. (NYSE:PHM) by 9.7% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 2,552 shares of the construction company’s stock after acquiring an additional 225 shares during the period. Strategic Wealth Partners Ltd.’s holdings in PulteGroup were worth $366,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Blair William & Co. IL lifted its position in PulteGroup by 1.9% during the 1st quarter. Blair William & Co. IL now owns 27,269 shares of the construction company’s stock worth $3,289,000 after acquiring an additional 516 shares during the period. Banque Cantonale Vaudoise lifted its position in PulteGroup by 166.6% during the 1st quarter. Banque Cantonale Vaudoise now owns 13,146 shares of the construction company’s stock worth $1,586,000 after acquiring an additional 8,215 shares during the period. State Board of Administration of Florida Retirement System lifted its holdings in shares of PulteGroup by 6.2% in the 1st quarter. State Board of Administration of Florida Retirement System now owns 297,544 shares of the construction company’s stock valued at $35,890,000 after buying an additional 17,369 shares during the period. Sumitomo Mitsui Trust Holdings Inc. boosted its stake in shares of PulteGroup by 4.9% in the first quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 621,064 shares of the construction company’s stock worth $74,913,000 after buying an additional 28,774 shares during the last quarter. Finally, Lazard Asset Management LLC grew its holdings in PulteGroup by 1.1% during the first quarter. Lazard Asset Management LLC now owns 464,217 shares of the construction company’s stock worth $55,993,000 after acquiring an additional 5,022 shares during the period. Hedge funds and other institutional investors own 89.90% of the company’s stock.

Insider Transactions at PulteGroup

In related news, Director Thomas J. Folliard sold 19,000 shares of the company’s stock in a transaction dated Wednesday, August 28th. The shares were sold at an average price of $131.14, for a total value of $2,491,660.00. Following the completion of the sale, the director now owns 45,230 shares of the company’s stock, valued at approximately $5,931,462.20. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. In related news, Director Thomas J. Folliard sold 19,000 shares of the company’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 value of $2,491,660.00. Following the transaction, 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 ownership of the stock. 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 firm’s stock in a transaction on Thursday, August 1st. The stock was sold at an average price of $129.29, for a total value of $3,748,504.97. Following the sale, the chief financial officer now directly owns 160,330 shares of the company’s stock, valued at approximately $20,729,065.70. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 119,000 shares of company stock worth $15,814,039 in the last quarter. Company insiders own 0.83% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have commented on PHM shares. Wedbush restated a “neutral” rating and issued a $115.00 price objective on shares of PulteGroup in a research report on Friday, August 16th. JPMorgan Chase & Co. raised their price target on shares of PulteGroup from $141.00 to $152.00 and gave the company an “overweight” rating in a research report on Thursday, July 25th. Oppenheimer upped their price objective on shares of PulteGroup from $151.00 to $168.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 2nd. Raymond James raised their target price on PulteGroup from $135.00 to $145.00 and gave the company an “outperform” rating in a research report on Thursday, July 25th. Finally, BTIG Research upped their price target on PulteGroup from $133.00 to $139.00 and gave the stock a “buy” 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 data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $141.14.

PulteGroup Price Performance

Shares of NYSE PHM opened at $139.40 on Thursday. The stock has a market capitalization of $29.32 billion, a price-to-earnings ratio of 11.16, a price-to-earnings-growth ratio of 0.58 and a beta of 1.62. PulteGroup, Inc. has a 52 week low of $68.80 and a 52 week high of $145.84. The firm has a 50-day simple moving average of $132.89 and a 200-day simple moving average of $121.08. The company has a quick ratio of 0.76, a current ratio of 0.76 and a debt-to-equity ratio of 0.15.

PulteGroup (NYSE:PHM) last released its earnings results on Tuesday, July 23rd. The construction company reported $3.83 earnings per share for the quarter, topping analysts’ consensus estimates of $3.27 by $0.56. The business had revenue of $4.60 billion for the quarter, compared to analyst estimates of $4.49 billion. PulteGroup had a net margin of 16.75% and a return on equity of 25.67%. The business’s revenue was up 9.8% on a year-over-year basis. During the same period last year, the company posted $3.00 EPS. On average, equities analysts predict that PulteGroup, Inc. will post 12.9 earnings per share for the current fiscal year.

PulteGroup Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, October 2nd. Shareholders of record on Tuesday, September 17th were paid a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a dividend yield of 0.57%. The ex-dividend date was Tuesday, September 17th. PulteGroup’s dividend payout ratio (DPR) is presently 6.41%.

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.