PulteGroup, Inc. (NYSE:PHM) Shares Acquired by Ensign Peak Advisors Inc

Ensign Peak Advisors Inc lifted its position in PulteGroup, Inc. (NYSE:PHM) by 7.7% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 103,233 shares of the construction company’s stock after acquiring an additional 7,405 shares during the period. Ensign Peak Advisors Inc’s holdings in PulteGroup were worth $11,366,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also recently made changes to their positions in the company. Clearbridge Investments LLC purchased a new stake in shares of PulteGroup during the fourth quarter worth $201,000. Cambridge Investment Research Advisors Inc. grew its stake in PulteGroup by 10.8% during the 4th quarter. Cambridge Investment Research Advisors Inc. now owns 18,049 shares of the construction company’s stock valued at $1,863,000 after acquiring an additional 1,762 shares in the last quarter. Evermay Wealth Management LLC raised its holdings in PulteGroup by 9,060.0% in the 4th quarter. Evermay Wealth Management LLC now owns 458 shares of the construction company’s stock valued at $47,000 after acquiring an additional 453 shares during the last quarter. 3Chopt Investment Partners LLC purchased a new position in PulteGroup in the 4th quarter worth approximately $1,932,000. Finally, Steward Partners Investment Advisory LLC boosted its holdings in shares of PulteGroup by 11.8% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 5,683 shares of the construction company’s stock worth $587,000 after purchasing an additional 601 shares during the last quarter. 89.90% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at PulteGroup

In related 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 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, CFO Robert Oshaughnessy sold 71,007 shares of PulteGroup 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 transaction, the chief financial officer now owns 89,323 shares in the company, valued at $12,043,420.09. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 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 completion of the sale, the director now directly owns 45,230 shares in the company, valued at $5,931,462.20. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 119,000 shares of company stock valued at $15,814,039. 0.83% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

PHM has been the topic of a number of analyst reports. Bank of America lifted their price objective on PulteGroup from $138.00 to $160.00 and gave the stock a “buy” rating in a research report on Thursday, September 19th. JPMorgan Chase & Co. boosted their price target on shares of PulteGroup from $141.00 to $152.00 and gave the company an “overweight” rating in a research report on Thursday, July 25th. Evercore ISI raised their price objective on shares of PulteGroup from $183.00 to $189.00 and gave the stock an “outperform” rating in a research report on Monday, July 15th. 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 report on Wednesday, July 24th. Finally, Wedbush restated a “neutral” rating and set a $115.00 price target on shares of PulteGroup in a report on Friday, August 16th. Six investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $134.71.

PulteGroup Trading Up 1.2 %

PHM opened at $143.53 on Tuesday. The company has a quick ratio of 0.76, a current ratio of 0.76 and a debt-to-equity ratio of 0.15. The firm has a market cap of $30.19 billion, a P/E ratio of 11.49, a P/E/G ratio of 0.57 and a beta of 1.62. PulteGroup, Inc. has a 52 week low of $68.80 and a 52 week high of $145.84. The business has a fifty day simple moving average of $129.50 and a 200-day simple moving average of $118.81.

PulteGroup (NYSE:PHM) last issued its quarterly earnings results on Tuesday, July 23rd. The construction company reported $3.83 earnings per share (EPS) for the quarter, topping 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 company had revenue of $4.60 billion for the quarter, compared to analyst estimates of $4.49 billion. During the same period in the prior year, the firm earned $3.00 earnings per share. The business’s revenue for the quarter was up 9.8% compared to the same quarter last year. On average, equities analysts expect that PulteGroup, Inc. will post 12.9 earnings per share for the current year.

PulteGroup Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, October 2nd. Shareholders of record on Tuesday, September 17th will be paid a $0.20 dividend. The ex-dividend date is Tuesday, September 17th. This represents a $0.80 annualized dividend and a dividend yield of 0.56%. PulteGroup’s dividend payout ratio (DPR) is 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.