PulteGroup, Inc. (NYSE:PHM) Stock Holdings Increased by Vanguard Personalized Indexing Management LLC

Vanguard Personalized Indexing Management LLC raised its holdings in shares of PulteGroup, Inc. (NYSE:PHM) by 5.5% in the second quarter, HoldingsChannel reports. The institutional investor owned 39,159 shares of the construction company’s stock after purchasing an additional 2,050 shares during the quarter. Vanguard Personalized Indexing Management LLC’s holdings in PulteGroup were worth $4,306,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in the business. Mercer Global Advisors Inc. ADV grew its holdings in shares of PulteGroup by 3.6% in the 2nd quarter. Mercer Global Advisors Inc. ADV now owns 307,123 shares of the construction company’s stock worth $34,013,000 after acquiring an additional 10,626 shares during the last quarter. Virtu Financial LLC purchased a new position in PulteGroup in the 2nd quarter worth about $1,145,000. Menard Financial Group LLC raised its holdings in PulteGroup by 23.9% during the 2nd quarter. Menard Financial Group LLC now owns 4,280 shares of the construction company’s stock worth $471,000 after buying an additional 826 shares during the period. Inspire Advisors LLC purchased a new stake in PulteGroup during the second quarter valued at about $245,000. Finally, Westover Capital Advisors LLC lifted its stake in PulteGroup by 17.7% during the second quarter. Westover Capital Advisors LLC now owns 7,253 shares of the construction company’s stock valued at $799,000 after buying an additional 1,091 shares in the last quarter. Institutional investors and hedge funds own 89.90% of the company’s stock.

Analysts Set New Price Targets

PHM has been the topic of several analyst reports. Wedbush reissued a “neutral” rating and issued a $115.00 target price on shares of PulteGroup in a research report on Friday, August 16th. Raymond James boosted their target price on shares of PulteGroup from $135.00 to $145.00 and gave the company an “outperform” rating in a research note on Thursday, July 25th. Barclays increased their target price on PulteGroup from $131.00 to $150.00 and gave the company an “overweight” rating in a report on Wednesday, July 24th. Royal Bank of Canada lifted their price target on PulteGroup from $113.00 to $120.00 and gave the company a “sector perform” rating in a report on Wednesday, July 24th. Finally, Citigroup reduced their price objective on PulteGroup from $129.00 to $117.00 and set a “neutral” rating for the company in a research note on Tuesday, July 2nd. Six analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. According to data from MarketBeat.com, PulteGroup currently has an average rating of “Moderate Buy” and an average target price of $134.71.

Insider Activity at PulteGroup

In other PulteGroup news, CFO Robert Oshaughnessy sold 28,993 shares of the business’s stock in a transaction on Thursday, August 1st. The shares were 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 owns 160,330 shares of the company’s stock, valued at approximately $20,729,065.70. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. 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 stock was sold at an average price of $131.14, for a total value of $2,491,660.00. Following the sale, the director now directly owns 45,230 shares in the company, valued at $5,931,462.20. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Robert Oshaughnessy sold 28,993 shares of the business’s stock in a transaction on Thursday, August 1st. The shares were sold at an average price of $129.29, for a total transaction of $3,748,504.97. Following the completion of the sale, the chief financial officer now owns 160,330 shares in the company, valued at approximately $20,729,065.70. 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. 0.83% of the stock is owned by corporate insiders.

PulteGroup Price Performance

NYSE PHM opened at $145.05 on Friday. PulteGroup, Inc. has a 1 year low of $68.80 and a 1 year high of $145.84. The company has a fifty day simple moving average of $128.45 and a 200 day simple moving average of $118.28. The company has a current ratio of 0.76, a quick ratio of 0.76 and a debt-to-equity ratio of 0.15. The company has a market cap of $30.51 billion, a P/E ratio of 11.61, a P/E/G ratio of 0.55 and a beta of 1.62.

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

PulteGroup Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, October 2nd. Shareholders of record on Tuesday, September 17th will be issued a $0.20 dividend. The ex-dividend date of this dividend is Tuesday, September 17th. This represents a $0.80 annualized dividend and a yield of 0.55%. PulteGroup’s dividend payout ratio (DPR) is 6.41%.

About PulteGroup

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.