Waterloo Capital L.P. Sells 223 Shares of PulteGroup, Inc. (NYSE:PHM)

Waterloo Capital L.P. cut its holdings in PulteGroup, Inc. (NYSE:PHM) by 8.6% during the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 2,357 shares of the construction company’s stock after selling 223 shares during the period. Waterloo Capital L.P.’s holdings in PulteGroup were worth $260,000 as of its most recent filing with the SEC.

A number of other hedge funds have also bought and sold shares of PHM. Benjamin Edwards Inc. bought a new stake in PulteGroup in the 1st quarter valued at about $26,000. WR Wealth Planners LLC boosted its stake in shares of 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 buying an additional 82 shares during the period. LRI Investments LLC acquired a new stake in PulteGroup during the first quarter worth approximately $28,000. Rothschild Investment LLC bought a new position in PulteGroup during the 2nd quarter worth $31,000. Finally, Candriam S.C.A. acquired a new position in PulteGroup in the 2nd quarter valued at $33,000. 89.90% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several analysts have recently issued reports on PHM shares. Oppenheimer increased their target price on PulteGroup from $143.00 to $151.00 and gave the stock an “outperform” rating in a report on Wednesday, July 24th. BTIG Research raised their target price on shares of PulteGroup from $133.00 to $139.00 and gave the company a “buy” rating in a report on Wednesday, July 24th. Royal Bank of Canada boosted their target price on shares of PulteGroup from $113.00 to $120.00 and gave the company a “sector perform” rating in a research report on Wednesday, July 24th. Wolfe Research lowered shares of PulteGroup from an “outperform” rating to a “peer perform” rating in a research report on Wednesday, August 14th. Finally, Wedbush restated a “neutral” rating and set a $115.00 price objective on shares of PulteGroup in a research report on Friday, August 16th. Six investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $134.71.

Insider Buying and Selling

In related news, 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 completion of the transaction, the director now directly owns 45,230 shares of the company’s stock, valued at approximately $5,931,462.20. The sale was disclosed in a 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 the company’s stock in a transaction dated Wednesday, August 28th. The stock was 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 in the company, valued at approximately $5,931,462.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CFO Robert Oshaughnessy sold 28,993 shares of the firm’s stock in a transaction dated Thursday, August 1st. The stock was sold at an average price of $129.29, for a total value of $3,748,504.97. Following the transaction, the chief financial officer now owns 160,330 shares of the company’s stock, valued at $20,729,065.70. The disclosure for this sale can be found here. Insiders have sold a total of 119,000 shares of company stock valued at $15,814,039 over the last 90 days. 0.83% of the stock is owned by insiders.

PulteGroup Price Performance

PulteGroup stock opened at $145.05 on Friday. The stock has a 50-day moving average price of $128.45 and a two-hundred day moving average price of $118.28. PulteGroup, Inc. has a 12 month low of $68.80 and a 12 month high of $145.84. The company has a market capitalization of $30.51 billion, a PE ratio of 11.61, a P/E/G 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.

PulteGroup (NYSE:PHM) last issued its quarterly earnings data on Tuesday, July 23rd. The construction company reported $3.83 earnings per share (EPS) 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 business had revenue of $4.60 billion during the quarter, compared to analyst estimates of $4.49 billion. During the same quarter last year, the business earned $3.00 EPS. The firm’s quarterly revenue was up 9.8% on a year-over-year basis. Analysts expect that PulteGroup, Inc. will post 12.9 EPS for the current year.

PulteGroup Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, October 2nd. Stockholders of record on Tuesday, September 17th will be issued a dividend of $0.20 per share. The ex-dividend date of this dividend is Tuesday, September 17th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 0.55%. PulteGroup’s dividend payout ratio (DPR) is presently 6.41%.

PulteGroup Company 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.