DekaBank Deutsche Girozentrale Has $13.32 Million Stock Position in PulteGroup, Inc. (NYSE:PHM)

DekaBank Deutsche Girozentrale increased its position in shares of PulteGroup, Inc. (NYSE:PHM) by 25.8% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 121,316 shares of the construction company’s stock after buying an additional 24,889 shares during the period. DekaBank Deutsche Girozentrale owned 0.06% of PulteGroup worth $13,323,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in PHM. Foundations Investment Advisors LLC acquired a new stake in PulteGroup in the 4th quarter valued at about $275,000. Meridian Wealth Management LLC acquired a new stake in PulteGroup during the 4th quarter valued at $278,000. Financial Advocates Investment Management bought a new position in PulteGroup during the fourth quarter worth $291,000. Independent Advisor Alliance bought a new position in PulteGroup during the fourth quarter worth $243,000. Finally, AMG National Trust Bank acquired a new position in shares of PulteGroup in the fourth quarter valued at $219,000. 89.90% of the stock is owned by institutional investors.

PulteGroup Price Performance

PulteGroup stock opened at $139.54 on Monday. The stock has a fifty day moving average of $125.73 and a 200-day moving average of $117.51. The stock has a market capitalization of $29.35 billion, a P/E ratio of 11.17, a price-to-earnings-growth ratio of 0.54 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 $140.77.

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

PulteGroup Announces Dividend

The company also recently announced 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 is Tuesday, September 17th. This represents a $0.80 dividend on an annualized basis and a yield of 0.57%. PulteGroup’s payout ratio is presently 6.41%.

Analyst Ratings Changes

PHM has been the subject of several research analyst reports. Barclays lifted their target price on shares of PulteGroup from $131.00 to $150.00 and gave the stock an “overweight” rating in a report on Wednesday, July 24th. BTIG Research increased their target price on PulteGroup from $133.00 to $139.00 and gave the stock a “buy” rating in a research note on Wednesday, July 24th. Oppenheimer increased their price objective on PulteGroup from $143.00 to $151.00 and gave the stock an “outperform” rating in a research report on Wednesday, July 24th. Wolfe Research downgraded PulteGroup from an “outperform” rating to a “peer perform” rating in a report on Wednesday, August 14th. Finally, Royal Bank of Canada upped 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. Six investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. According to MarketBeat, PulteGroup presently has a consensus rating of “Moderate Buy” and a consensus price target of $133.14.

Insider Buying and Selling at PulteGroup

In other news, CFO Robert Oshaughnessy sold 71,007 shares of the company’s stock in a transaction that occurred on Friday, August 23rd. The stock was sold at an average price of $134.83, for a total value of $9,573,873.81. Following the completion of the transaction, the chief financial officer now owns 89,323 shares of the company’s stock, valued at $12,043,420.09. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. In other PulteGroup news, Director Thomas J. Folliard sold 19,000 shares of the stock in a transaction that occurred on Wednesday, August 28th. The shares were 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 owns 45,230 shares of the company’s stock, valued at approximately $5,931,462.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, 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 owns 89,323 shares of the company’s stock, valued at $12,043,420.09. The disclosure for this sale can be found here. Over the last three months, insiders sold 119,000 shares of company stock worth $15,814,039. 0.83% of the stock is currently owned by insiders.

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.