87,827 Shares in PulteGroup, Inc. (NYSE:PHM) Purchased by Sanctuary Advisors LLC

Sanctuary Advisors LLC bought a new stake in shares of PulteGroup, Inc. (NYSE:PHM) in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 87,827 shares of the construction company’s stock, valued at approximately $9,995,000.

A number of other hedge funds have also recently modified their holdings of PHM. Putnam Investments LLC boosted its holdings in PulteGroup by 1.8% during the 4th quarter. Putnam Investments LLC now owns 11,008,695 shares of the construction company’s stock valued at $1,136,318,000 after acquiring an additional 197,656 shares during the period. Pacer Advisors Inc. boosted its stake in shares of PulteGroup by 8.6% during the second quarter. Pacer Advisors Inc. now owns 2,968,788 shares of the construction company’s stock valued at $326,864,000 after purchasing an additional 235,826 shares during the period. Hsbc Holdings PLC grew its holdings 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 worth $168,254,000 after purchasing an additional 250,937 shares during the last quarter. Los Angeles Capital Management LLC increased its stake in PulteGroup by 0.5% in the 1st quarter. Los Angeles Capital Management LLC now owns 1,434,016 shares of the construction company’s stock worth $172,971,000 after buying an additional 7,397 shares during the period. Finally, Captrust Financial Advisors lifted its holdings in PulteGroup by 18.4% during the 1st quarter. Captrust Financial Advisors now owns 1,085,939 shares of the construction company’s stock valued at $130,986,000 after buying an additional 168,746 shares in the last quarter. Institutional investors own 89.90% of the company’s stock.

Analyst Ratings Changes

PHM has been the topic of a number of research analyst reports. JPMorgan Chase & Co. upped their target price on shares of PulteGroup from $141.00 to $152.00 and gave the stock an “overweight” rating in a research note on Thursday, July 25th. BTIG Research raised their price objective on PulteGroup from $133.00 to $139.00 and gave the stock a “buy” rating in a report on Wednesday, July 24th. Oppenheimer lifted their target price on PulteGroup from $151.00 to $168.00 and gave the company an “outperform” rating in a research report on Wednesday. Citigroup dropped their price target on PulteGroup from $129.00 to $117.00 and set a “neutral” rating on the stock in a research report on Tuesday, July 2nd. Finally, Wolfe Research downgraded PulteGroup from an “outperform” rating to a “peer perform” rating in a report on Wednesday, August 14th. Six research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $135.93.

Insider Activity at PulteGroup

In other PulteGroup news, CFO Robert Oshaughnessy sold 71,007 shares of the business’s stock in a transaction that occurred 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 sale, the chief financial officer now 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 SEC, which can be accessed through the SEC website. In related news, Director Thomas J. Folliard sold 19,000 shares of PulteGroup stock in a transaction dated 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 sale, the director now owns 45,230 shares of the company’s stock, valued at $5,931,462.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Robert Oshaughnessy sold 71,007 shares of the stock in a transaction that occurred 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 owns 89,323 shares in the company, valued at approximately $12,043,420.09. The disclosure for this sale can be found here. Insiders sold 119,000 shares of company stock valued at $15,814,039 in the last three months. 0.83% of the stock is owned by insiders.

PulteGroup Price Performance

Shares of PHM opened at $142.97 on Friday. The company has a 50 day moving average of $132.43 and a two-hundred day moving average of $120.43. 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, Inc. has a twelve month low of $68.80 and a twelve month high of $145.84. The company has a market cap of $29.67 billion, a price-to-earnings ratio of 11.45, a price-to-earnings-growth ratio of 0.58 and a beta of 1.62.

PulteGroup (NYSE:PHM) last posted its quarterly earnings data on Tuesday, July 23rd. The construction company reported $3.83 earnings per share for the quarter, topping analysts’ consensus estimates of $3.27 by $0.56. PulteGroup had a return on equity of 25.67% and a net margin of 16.75%. The firm had revenue of $4.60 billion during the quarter, compared to analysts’ expectations of $4.49 billion. During the same quarter last year, the firm earned $3.00 EPS. The business’s quarterly revenue was up 9.8% on a year-over-year basis. As a group, analysts predict that PulteGroup, Inc. will post 12.9 earnings per share for the current fiscal year.

PulteGroup Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, October 2nd. Stockholders of record on Tuesday, September 17th were issued a dividend of $0.20 per share. The ex-dividend date of this dividend was Tuesday, September 17th. This represents a $0.80 annualized dividend and a dividend yield of 0.56%. PulteGroup’s dividend payout ratio (DPR) is currently 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.