Ieq Capital LLC Has $2.06 Million Holdings in PulteGroup, Inc. (NYSE:PHM)

Ieq Capital LLC lifted its holdings in PulteGroup, Inc. (NYSE:PHM) by 11.9% during the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 18,687 shares of the construction company’s stock after acquiring an additional 1,985 shares during the period. Ieq Capital LLC’s holdings in PulteGroup were worth $2,057,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also modified their holdings of the business. Intech Investment Management LLC grew its stake in shares of PulteGroup by 95.2% in the second quarter. Intech Investment Management LLC now owns 273,345 shares of the construction company’s stock valued at $30,095,000 after acquiring an additional 133,283 shares in the last quarter. Hsbc Holdings PLC grew its stake in shares of PulteGroup by 19.6% in the second 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 in the last quarter. Elo Mutual Pension Insurance Co grew its stake in PulteGroup by 22.8% during the second quarter. Elo Mutual Pension Insurance Co now owns 17,303 shares of the construction company’s stock worth $1,905,000 after buying an additional 3,212 shares in the last quarter. Blair William & Co. IL grew its stake in PulteGroup by 25.1% during the second quarter. Blair William & Co. IL now owns 34,127 shares of the construction company’s stock worth $3,757,000 after buying an additional 6,858 shares in the last quarter. Finally, Vanguard Personalized Indexing Management LLC grew its stake in PulteGroup by 5.5% during the second quarter. Vanguard Personalized Indexing Management LLC now owns 39,159 shares of the construction company’s stock worth $4,306,000 after buying an additional 2,050 shares in the last quarter. 89.90% of the stock is currently owned by institutional investors and hedge funds.

PulteGroup Stock Down 2.2 %

Shares of NYSE PHM opened at $141.86 on Friday. The company has a 50 day simple moving average of $128.95 and a 200 day simple moving average of $118.55. The firm has a market cap of $29.44 billion, a PE ratio of 11.36, a price-to-earnings-growth ratio of 0.57 and a beta of 1.62. PulteGroup, Inc. has a 1 year low of $68.80 and a 1 year high of $145.84. The company has a debt-to-equity ratio of 0.15, a current ratio of 0.76 and a quick ratio of 0.76.

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. 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 firm’s quarterly revenue was up 9.8% on a year-over-year basis. During the same quarter last year, the business earned $3.00 EPS. On average, research analysts forecast that PulteGroup, Inc. will post 12.9 EPS for the current year.

PulteGroup Announces Dividend

The company also recently declared 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. The ex-dividend date of this dividend is Tuesday, September 17th. This represents a $0.80 annualized dividend and a yield of 0.56%. PulteGroup’s payout ratio is 6.41%.

Insiders Place Their Bets

In other PulteGroup news, Director Thomas J. Folliard sold 19,000 shares of the firm’s 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 completion of the transaction, the director now owns 45,230 shares in the company, valued at approximately $5,931,462.20. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In other PulteGroup 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 transaction 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 transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Thomas J. Folliard sold 19,000 shares of the firm’s 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 transaction, the director now owns 45,230 shares of the company’s stock, valued at approximately $5,931,462.20. The disclosure for this sale can be found here. In the last 90 days, insiders sold 119,000 shares of company stock worth $15,814,039. 0.83% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on PHM. Raymond James increased their price objective on shares of PulteGroup from $135.00 to $145.00 and gave the stock an “outperform” rating in a research note on Thursday, July 25th. Oppenheimer increased their price objective on shares of PulteGroup from $143.00 to $151.00 and gave the stock an “outperform” rating in a research note on Wednesday, July 24th. Wedbush reiterated a “neutral” rating and set a $115.00 price objective on shares of PulteGroup in a research note on Friday, August 16th. 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, Barclays raised their price target on shares of PulteGroup from $131.00 to $150.00 and gave the company an “overweight” rating in a research note on Wednesday, July 24th. Six analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $134.71.

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.