PulteGroup, Inc. (NYSE:PHM) Shares Sold by Leuthold Group LLC

Leuthold Group LLC decreased its holdings in shares of PulteGroup, Inc. (NYSE:PHM) by 0.9% during the second quarter, according to its most recent disclosure with the SEC. The fund owned 114,618 shares of the construction company’s stock after selling 1,016 shares during the period. PulteGroup makes up approximately 1.5% of Leuthold Group LLC’s investment portfolio, making the stock its 11th largest holding. Leuthold Group LLC owned 0.05% of PulteGroup worth $12,619,000 as of its most recent SEC filing.

Other hedge funds have also recently modified their holdings of the company. Swedbank AB purchased a new stake in PulteGroup during the 1st quarter worth approximately $68,985,000. Allianz Asset Management GmbH grew its holdings in shares of PulteGroup by 38.3% during the fourth quarter. Allianz Asset Management GmbH now owns 1,892,229 shares of the construction company’s stock valued at $195,316,000 after buying an additional 523,623 shares during the last quarter. Hsbc Holdings PLC increased its position in shares of PulteGroup by 19.6% in the 2nd quarter. Hsbc Holdings PLC now owns 1,529,698 shares of the construction company’s stock valued at $168,254,000 after acquiring an additional 250,937 shares during the period. Janney Montgomery Scott LLC increased its position in shares of PulteGroup by 130.2% in the 1st quarter. Janney Montgomery Scott LLC now owns 388,298 shares of the construction company’s stock valued at $46,837,000 after acquiring an additional 219,609 shares during the period. Finally, Allspring Global Investments Holdings LLC increased its position in shares of PulteGroup by 40.9% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 733,804 shares of the construction company’s stock valued at $88,511,000 after acquiring an additional 212,837 shares during the period. Institutional investors and hedge funds own 89.90% of the company’s stock.

PulteGroup Price Performance

PulteGroup stock opened at $140.99 on Thursday. PulteGroup, Inc. has a 52-week low of $68.80 and a 52-week high of $144.18. The firm has a fifty day moving average of $127.82 and a 200-day moving average of $118.10. The firm has a market capitalization of $29.66 billion, a P/E ratio of 11.29, a PEG ratio of 0.55 and a beta of 1.62. The company has a quick ratio of 0.76, a current ratio of 0.76 and a debt-to-equity ratio of 0.15.

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. The business had revenue of $4.60 billion during the quarter, compared to analyst estimates of $4.49 billion. PulteGroup had a net margin of 16.75% and a return on equity of 25.67%. The business’s revenue was up 9.8% on a year-over-year basis. During the same period last year, the business earned $3.00 EPS. As a group, analysts predict that PulteGroup, Inc. will post 12.9 EPS for the current year.

PulteGroup Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 2nd. Shareholders of record on Tuesday, September 17th will be issued a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a yield of 0.57%. The ex-dividend date is Tuesday, September 17th. PulteGroup’s dividend payout ratio is currently 6.41%.

Insiders Place Their Bets

In other PulteGroup news, CFO Robert Oshaughnessy sold 71,007 shares of the firm’s stock in a transaction 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 completion of the transaction, 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 through this hyperlink. In other PulteGroup news, CFO Robert Oshaughnessy sold 71,007 shares of the firm’s stock in a transaction 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 completion of the transaction, 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 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 transaction of $2,491,660.00. Following the transaction, 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. Insiders sold a total of 119,000 shares of company stock valued at $15,814,039 in the last ninety days. Corporate insiders own 0.83% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts recently issued reports on the company. Evercore ISI upped their target price on PulteGroup from $183.00 to $189.00 and gave the company an “outperform” rating in a research report on Monday, July 15th. Citigroup cut their target price on PulteGroup from $129.00 to $117.00 and set a “neutral” rating on the stock in a research report on Tuesday, July 2nd. Bank of America upped their target price on PulteGroup from $135.00 to $138.00 and gave the company a “buy” rating in a research report on Monday, July 22nd. Royal Bank of Canada upped their target price on PulteGroup from $113.00 to $120.00 and gave the company a “sector perform” rating in a research report on Wednesday, July 24th. Finally, Barclays upped their target price on PulteGroup from $131.00 to $150.00 and gave the company an “overweight” rating in a research report on Wednesday, July 24th. Six research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. Based on data from MarketBeat.com, PulteGroup presently has a consensus rating of “Moderate Buy” and an average target price of $133.14.

PulteGroup 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.