Sequoia Financial Advisors LLC Has $2.82 Million Position in PulteGroup, Inc. (NYSE:PHM)

Sequoia Financial Advisors LLC increased its position in shares of PulteGroup, Inc. (NYSE:PHM) by 8.3% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 19,624 shares of the construction company’s stock after purchasing an additional 1,497 shares during the period. Sequoia Financial Advisors LLC’s holdings in PulteGroup were worth $2,817,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also added to or reduced their stakes in PHM. WR Wealth Planners LLC lifted its holdings in PulteGroup by 54.7% during the 2nd quarter. WR Wealth Planners LLC now owns 232 shares of the construction company’s stock worth $26,000 after purchasing an additional 82 shares during the last quarter. LRI Investments LLC bought a new position in PulteGroup during the 1st quarter worth $28,000. Rothschild Investment LLC bought a new position in PulteGroup during the 2nd quarter worth $31,000. Candriam S.C.A. bought a new position in PulteGroup during the 2nd quarter worth $33,000. Finally, Continuum Advisory LLC increased its stake in PulteGroup by 94.5% during the 2nd quarter. Continuum Advisory LLC now owns 317 shares of the construction company’s stock worth $35,000 after acquiring an additional 154 shares during the period. 89.90% of the stock is owned by institutional investors and hedge funds.

PulteGroup Stock Down 0.5 %

Shares of NYSE:PHM opened at $133.16 on Thursday. The business’s 50 day simple moving average is $136.67 and its two-hundred day simple moving average is $122.95. The firm has a market cap of $27.63 billion, a P/E ratio of 10.16, a PEG ratio of 0.61 and a beta of 1.62. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.76 and a current ratio of 0.76. PulteGroup, Inc. has a 52-week low of $68.80 and a 52-week high of $149.47.

PulteGroup (NYSE:PHM) last announced 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. The business had revenue of $4.48 billion for the quarter, compared to analyst estimates of $4.27 billion. PulteGroup had a return on equity of 25.67% and a net margin of 16.75%. The company’s quarterly revenue was up 11.8% on a year-over-year basis. During the same quarter in the prior year, the company earned $2.90 earnings per share. As a group, research analysts forecast that PulteGroup, Inc. will post 12.9 EPS for the current fiscal year.

PulteGroup Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, October 2nd. Stockholders of record on Tuesday, September 17th were paid a $0.20 dividend. This represents a $0.80 annualized dividend and a dividend yield of 0.60%. The ex-dividend date of this dividend was Tuesday, September 17th. PulteGroup’s dividend payout ratio (DPR) is presently 6.10%.

Analyst Ratings Changes

A number of equities analysts have recently commented on PHM shares. Oppenheimer lowered their price target on PulteGroup from $168.00 to $165.00 and set an “outperform” rating for the company in a report on Wednesday. UBS Group upped their price target on PulteGroup from $148.00 to $154.00 and gave the company a “neutral” rating in a research report on Wednesday. Bank of America upped their price target on PulteGroup from $138.00 to $160.00 and gave the company a “buy” rating in a research report on Thursday, September 19th. Barclays upped their price target on PulteGroup from $131.00 to $150.00 and gave the company an “overweight” rating in a research report on Wednesday, July 24th. Finally, Wolfe Research lowered PulteGroup from an “outperform” rating to a “peer perform” rating in a research report on Wednesday, August 14th. Six equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. Based on data from MarketBeat.com, PulteGroup has an average rating of “Moderate Buy” and an average target price of $145.00.

Insider Transactions at PulteGroup

In other news, Director Thomas J. Folliard sold 19,000 shares of the 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 completion of the sale, the director now directly owns 45,230 shares of the company’s stock, valued at $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 is available through this hyperlink. In other news, Director Thomas J. Folliard sold 19,000 shares of the 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 completion of the sale, the director now directly owns 45,230 shares of the company’s stock, valued at $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 is available through this hyperlink. Also, CFO Robert Oshaughnessy sold 28,993 shares of the stock in a transaction that occurred 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 completion of 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 ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 119,000 shares of company stock valued at $15,814,039 over the last ninety days. 0.83% of the stock is currently owned by insiders.

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.