PulteGroup, Inc. (NYSE:PHM) Shares Purchased by Mercer Global Advisors Inc. ADV

Mercer Global Advisors Inc. ADV grew its holdings in PulteGroup, Inc. (NYSE:PHM) by 3.6% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 307,123 shares of the construction company’s stock after acquiring an additional 10,626 shares during the period. Mercer Global Advisors Inc. ADV owned about 0.15% of PulteGroup worth $34,013,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in PHM. WR Wealth Planners LLC grew its position in PulteGroup by 54.7% in the second quarter. WR Wealth Planners LLC now owns 232 shares of the construction company’s stock valued at $26,000 after acquiring an additional 82 shares in the last quarter. Lebenthal Global Advisors LLC grew its holdings in PulteGroup by 3.9% during the 2nd quarter. Lebenthal Global Advisors LLC now owns 2,329 shares of the construction company’s stock valued at $256,000 after purchasing an additional 87 shares in the last quarter. Tocqueville Asset Management L.P. increased its stake in PulteGroup by 2.0% during the 1st quarter. Tocqueville Asset Management L.P. now owns 5,092 shares of the construction company’s stock worth $614,000 after buying an additional 101 shares during the period. Patten Group Inc. lifted its holdings in PulteGroup by 2.9% in the 2nd quarter. Patten Group Inc. now owns 3,805 shares of the construction company’s stock worth $419,000 after buying an additional 109 shares in the last quarter. Finally, NBC Securities Inc. boosted its position in PulteGroup by 2.4% in the 1st quarter. NBC Securities Inc. now owns 4,774 shares of the construction company’s stock valued at $575,000 after buying an additional 112 shares during the last quarter. Institutional investors and hedge funds own 89.90% of the company’s stock.

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 shares were sold at an average price of $134.83, for a total value of $9,573,873.81. Following the completion of the sale, the chief financial officer now directly owns 89,323 shares of the company’s stock, valued at approximately $12,043,420.09. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. In other 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 sale, the chief financial officer now owns 89,323 shares of the company’s stock, valued at approximately $12,043,420.09. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, 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 sale, the director now directly owns 45,230 shares of the company’s stock, valued at $5,931,462.20. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 119,000 shares of company stock valued at $15,814,039. Company insiders own 0.83% of the company’s stock.

Analyst Upgrades and Downgrades

PHM has been the topic of several recent analyst reports. Wolfe Research cut PulteGroup from an “outperform” rating to a “peer perform” rating in a research note on Wednesday, August 14th. Oppenheimer upped their target price on PulteGroup from $143.00 to $151.00 and gave the company an “outperform” rating in a research report on Wednesday, July 24th. Evercore ISI lifted their price target on shares of PulteGroup from $183.00 to $189.00 and gave the stock an “outperform” rating in a research note on Monday, July 15th. Citigroup reduced their price objective on shares of PulteGroup from $129.00 to $117.00 and set a “neutral” rating on the stock in a research note on Tuesday, July 2nd. Finally, BTIG Research boosted their target price on shares of PulteGroup from $133.00 to $139.00 and gave the stock a “buy” rating in a research report on Wednesday, July 24th. Six equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $133.14.

PulteGroup Stock Performance

PHM opened at $140.99 on Thursday. 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 business’s 50 day moving average is $127.82 and its 200-day moving average is $118.10. The stock has a market cap of $29.66 billion, a PE ratio of 11.29, a price-to-earnings-growth ratio of 0.55 and a beta of 1.62. PulteGroup, Inc. has a twelve month low of $68.80 and a twelve month high of $144.18.

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

PulteGroup Dividend Announcement

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