Meeder Advisory Services Inc. Has $367,000 Holdings in PulteGroup, Inc. (NYSE:PHM)

Meeder Advisory Services Inc. grew its position in shares of PulteGroup, Inc. (NYSE:PHM) by 41.4% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 3,337 shares of the construction company’s stock after purchasing an additional 977 shares during the quarter. Meeder Advisory Services Inc.’s holdings in PulteGroup were worth $367,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of PHM. Blair William & Co. IL raised its stake in PulteGroup by 1.9% during the first quarter. Blair William & Co. IL now owns 27,269 shares of the construction company’s stock worth $3,289,000 after buying an additional 516 shares during the last quarter. Banque Cantonale Vaudoise boosted its position in shares of PulteGroup by 166.6% during the 1st quarter. Banque Cantonale Vaudoise now owns 13,146 shares of the construction company’s stock valued at $1,586,000 after purchasing an additional 8,215 shares in the last quarter. State Board of Administration of Florida Retirement System grew its stake in PulteGroup by 6.2% during the first quarter. State Board of Administration of Florida Retirement System now owns 297,544 shares of the construction company’s stock worth $35,890,000 after purchasing an additional 17,369 shares during the period. Personal CFO Solutions LLC acquired a new stake in PulteGroup during the fourth quarter worth approximately $719,000. Finally, Sumitomo Mitsui Trust Holdings Inc. increased its holdings in 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 purchasing an additional 28,774 shares in the last quarter. Institutional investors and hedge funds own 89.90% of the company’s stock.

Insider Activity

In other PulteGroup news, CFO Robert Oshaughnessy sold 71,007 shares of the business’s stock in a transaction 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 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 SEC, which can be accessed through the SEC website. In other PulteGroup news, Director Thomas J. Folliard sold 19,000 shares of PulteGroup 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 sale, the director now owns 45,230 shares of the company’s stock, valued at $5,931,462.20. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CFO Robert Oshaughnessy sold 71,007 shares of the stock in a transaction that occurred on Friday, August 23rd. The shares were sold at an average price of $134.83, for a total transaction of $9,573,873.81. Following the transaction, the chief financial officer now directly owns 89,323 shares of the company’s stock, valued at $12,043,420.09. 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 three months. Corporate insiders own 0.83% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on PHM shares. Royal Bank of Canada increased their price target on PulteGroup from $113.00 to $120.00 and gave the stock a “sector perform” rating in a report on Wednesday, July 24th. Wedbush reissued a “neutral” rating and set a $115.00 target price on shares of PulteGroup in a research note on Friday, August 16th. Raymond James lifted their price target 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. Evercore ISI increased their price objective on shares of PulteGroup from $183.00 to $189.00 and gave the stock an “outperform” rating in a research report on Monday, July 15th. Finally, Citigroup decreased their target price on PulteGroup from $129.00 to $117.00 and set a “neutral” rating for the company in a research report on Tuesday, July 2nd. Six analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $133.14.

PulteGroup Trading Up 3.1 %

Shares of PulteGroup stock opened at $139.54 on Monday. 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 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 stock has a fifty day simple moving average of $125.73 and a 200 day simple moving average of $117.51. PulteGroup, Inc. has a 12-month low of $68.80 and a 12-month high of $140.77.

PulteGroup (NYSE:PHM) last released its quarterly 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 company had revenue of $4.60 billion for the quarter, compared to analyst estimates of $4.49 billion. During the same period last year, the firm earned $3.00 earnings per share. The firm’s revenue was up 9.8% on a year-over-year basis. On average, sell-side analysts anticipate that PulteGroup, Inc. will post 12.9 earnings per share for the current fiscal year.

PulteGroup Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, October 2nd. Stockholders of record on Tuesday, September 17th will be paid a $0.20 dividend. The ex-dividend date is Tuesday, September 17th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 0.57%. PulteGroup’s payout ratio is presently 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.