Sienna Gestion Has $229,000 Position in PulteGroup, Inc. (NYSE:PHM)

Sienna Gestion decreased its holdings in shares of PulteGroup, Inc. (NYSE:PHM) by 28.2% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,082 shares of the construction company’s stock after selling 819 shares during the quarter. Sienna Gestion’s holdings in PulteGroup were worth $229,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Benjamin Edwards Inc. acquired a new position in shares of PulteGroup in the first quarter valued at approximately $26,000. WR Wealth Planners LLC boosted its stake in PulteGroup by 54.7% in the 2nd quarter. WR Wealth Planners LLC now owns 232 shares of the construction company’s stock valued at $26,000 after purchasing an additional 82 shares during the period. LRI Investments LLC bought a new stake in PulteGroup in the 1st quarter valued at $28,000. Rothschild Investment LLC acquired a new position in PulteGroup in the 2nd quarter valued at $31,000. Finally, Candriam S.C.A. bought a new position in PulteGroup during the 2nd quarter worth $33,000. 89.90% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of brokerages have recently issued reports on PHM. BTIG Research boosted their target price on shares of PulteGroup from $133.00 to $139.00 and gave the company a “buy” rating in a research report on Wednesday, July 24th. Wolfe Research cut shares of PulteGroup from an “outperform” rating to a “peer perform” rating in a report on Wednesday, August 14th. Evercore ISI lifted their price target on shares of PulteGroup from $183.00 to $189.00 and gave the company an “outperform” rating in a research report on Monday, July 15th. Raymond James increased their price target on PulteGroup from $135.00 to $145.00 and gave the stock an “outperform” rating in a research report on Thursday, July 25th. Finally, Bank of America lifted their price objective on PulteGroup from $138.00 to $160.00 and gave the company a “buy” rating in a report on Thursday. Six analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $134.71.

PulteGroup Trading Up 2.9 %

PHM opened at $145.05 on Friday. The company has a market cap of $30.51 billion, a P/E ratio of 11.61, a PEG ratio of 0.55 and a beta of 1.62. 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’s 50 day moving average is $128.45 and its 200-day moving average is $118.28. PulteGroup, Inc. has a 1-year low of $68.80 and a 1-year high of $145.84.

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. The firm had revenue of $4.60 billion for 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 company’s quarterly revenue was up 9.8% on a year-over-year basis. During the same quarter last year, the business posted $3.00 earnings per share. Equities research analysts predict that PulteGroup, Inc. will post 12.9 earnings per share for the current fiscal year.

PulteGroup Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 2nd. Investors of record on Tuesday, September 17th will be given a dividend of $0.20 per share. The ex-dividend date is Tuesday, September 17th. This represents a $0.80 dividend on an annualized basis and a yield of 0.55%. PulteGroup’s dividend payout ratio is currently 6.41%.

Insiders Place Their Bets

In other news, CFO Robert Oshaughnessy sold 28,993 shares of PulteGroup stock in a transaction dated Thursday, August 1st. The stock was sold at an average price of $129.29, for a total transaction of $3,748,504.97. Following the sale, the chief financial officer now directly owns 160,330 shares of the company’s stock, valued at $20,729,065.70. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, CFO Robert Oshaughnessy sold 28,993 shares of the firm’s stock in a transaction that occurred 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 completion of the transaction, the chief financial officer now owns 160,330 shares in the company, valued at approximately $20,729,065.70. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director Thomas J. Folliard sold 19,000 shares of PulteGroup stock in a transaction that occurred 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 sale, the director now owns 45,230 shares in the company, 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 90 days. Corporate insiders own 0.83% of the company’s stock.

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.