Allworth Financial LP Sells 142 Shares of PulteGroup, Inc. (NYSE:PHM)

Allworth Financial LP lessened its position in shares of PulteGroup, Inc. (NYSE:PHM) by 9.6% in the third quarter, Holdings Channel.com reports. The firm owned 1,335 shares of the construction company’s stock after selling 142 shares during the period. Allworth Financial LP’s holdings in PulteGroup were worth $192,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. WR Wealth Planners LLC grew its holdings in shares of PulteGroup by 54.7% during the second quarter. WR Wealth Planners LLC now owns 232 shares of the construction company’s stock worth $26,000 after buying an additional 82 shares in the last quarter. LRI Investments LLC bought a new position in shares of PulteGroup during the 1st quarter worth approximately $28,000. Rothschild Investment LLC acquired a new stake in shares of PulteGroup in the second quarter valued at approximately $31,000. Candriam S.C.A. bought a new stake in shares of PulteGroup in the second quarter worth $33,000. Finally, Continuum Advisory LLC boosted its holdings in PulteGroup by 94.5% during the second quarter. Continuum Advisory LLC now owns 317 shares of the construction company’s stock worth $35,000 after purchasing an additional 154 shares during the last quarter. Institutional investors and hedge funds own 89.90% of the company’s stock.

Wall Street Analyst Weigh In

PHM has been the topic of several recent research reports. Royal Bank of Canada lifted their price target on shares of PulteGroup from $113.00 to $120.00 and gave the company a “sector perform” rating in a research note on Wednesday, July 24th. Evercore ISI dropped their target price on PulteGroup from $198.00 to $195.00 and set an “outperform” rating on the stock in a report on Wednesday, October 23rd. JPMorgan Chase & Co. raised their price target on PulteGroup from $141.00 to $152.00 and gave the company an “overweight” rating in a research note on Thursday, July 25th. Wedbush reiterated a “neutral” rating and set a $115.00 price objective on shares of PulteGroup in a research note on Tuesday, October 22nd. Finally, Wolfe Research cut shares of PulteGroup from an “outperform” rating to a “peer perform” rating in a research note on Wednesday, August 14th. Six investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. According to MarketBeat, PulteGroup presently has an average rating of “Moderate Buy” and a consensus target price of $145.00.

PulteGroup Trading Up 0.6 %

Shares of PHM stock opened at $130.30 on Thursday. PulteGroup, Inc. has a 12-month low of $72.45 and a 12-month high of $149.47. The company has a market capitalization of $26.72 billion, a PE ratio of 10.43, a price-to-earnings-growth ratio of 0.54 and a beta of 1.62. The firm has a 50 day moving average price of $137.44 and a two-hundred day moving average price of $123.65. The company has a quick ratio of 0.73, a current ratio of 0.73 and a debt-to-equity ratio of 0.14.

PulteGroup (NYSE:PHM) last released its quarterly earnings results on Tuesday, October 22nd. The construction company reported $3.35 earnings per share for the quarter, topping the consensus estimate of $3.10 by $0.25. PulteGroup had a return on equity of 25.30% and a net margin of 16.64%. The business had revenue of $4.48 billion during the quarter, compared to analysts’ expectations of $4.27 billion. During the same period last year, the firm posted $2.90 EPS. The firm’s revenue for the quarter was up 11.8% compared to the same quarter last year. As a group, analysts predict that PulteGroup, Inc. will post 12.98 earnings per share for the current year.

PulteGroup Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, October 2nd. Investors of record on Tuesday, September 17th were paid a $0.20 dividend. The ex-dividend date of this dividend was Tuesday, September 17th. This represents a $0.80 annualized dividend and a dividend yield of 0.61%. PulteGroup’s dividend payout ratio (DPR) is presently 6.41%.

Insider Buying and Selling

In other PulteGroup news, Director Thomas J. Folliard sold 19,000 shares of the business’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 $5,931,462.20. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. In other news, CFO Robert Oshaughnessy sold 71,007 shares of the stock in a transaction on Friday, August 23rd. The stock was sold at an average price of $134.83, for a total transaction of $9,573,873.81. Following the sale, the chief financial officer now directly owns 89,323 shares of the company’s stock, valued at approximately $12,043,420.09. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Thomas J. Folliard sold 19,000 shares of the firm’s stock in a transaction 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 transaction, the director now owns 45,230 shares in the company, valued at $5,931,462.20. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. 0.83% of the stock is owned by insiders.

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.