EP Wealth Advisors LLC Boosts Position in PulteGroup, Inc. (NYSE:PHM)

EP Wealth Advisors LLC raised its holdings in shares of PulteGroup, Inc. (NYSE:PHM) by 20.4% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,452 shares of the construction company’s stock after buying an additional 415 shares during the period. EP Wealth Advisors LLC’s holdings in PulteGroup were worth $270,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of PHM. WR Wealth Planners LLC boosted its position in PulteGroup by 54.7% during the 2nd quarter. WR Wealth Planners LLC now owns 232 shares of the construction company’s stock worth $26,000 after purchasing an additional 82 shares during the period. Lebenthal Global Advisors LLC boosted its position in shares of PulteGroup by 3.9% in the second quarter. Lebenthal Global Advisors LLC now owns 2,329 shares of the construction company’s stock worth $256,000 after buying an additional 87 shares during the period. Tocqueville Asset Management L.P. grew its stake in shares of PulteGroup by 2.0% in the first quarter. Tocqueville Asset Management L.P. now owns 5,092 shares of the construction company’s stock valued at $614,000 after buying an additional 101 shares in the last quarter. Patten Group Inc. raised its holdings in shares of PulteGroup by 2.9% during the 2nd quarter. Patten Group Inc. now owns 3,805 shares of the construction company’s stock valued at $419,000 after buying an additional 109 shares during the period. Finally, NBC Securities Inc. raised its holdings in shares of PulteGroup by 2.4% during the 1st quarter. NBC Securities Inc. now owns 4,774 shares of the construction company’s stock valued at $575,000 after buying an additional 112 shares during the period. 89.90% of the stock is currently owned by hedge funds and other institutional investors.

PulteGroup Stock Down 2.5 %

PHM stock opened at $139.44 on Friday. The firm has a market cap of $28.94 billion, a price-to-earnings ratio of 11.16, a PEG ratio of 0.58 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 firm has a fifty day moving average price of $132.62 and a two-hundred day moving average price of $120.64. 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 posted its quarterly earnings results on Tuesday, July 23rd. The construction company reported $3.83 EPS for the quarter, beating the consensus estimate 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 company’s quarterly revenue was up 9.8% on a year-over-year basis. During the same period in the previous year, the business posted $3.00 EPS. Research analysts predict that PulteGroup, Inc. will post 12.9 EPS for the current year.

PulteGroup Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, October 2nd. Stockholders of record on Tuesday, September 17th were given a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a dividend yield of 0.57%. The ex-dividend date of this dividend was Tuesday, September 17th. PulteGroup’s payout ratio is 6.41%.

Insider Buying and Selling

In other PulteGroup news, CFO Robert Oshaughnessy sold 71,007 shares of the stock in a transaction on Friday, August 23rd. The stock was sold at an average price of $134.83, for a total value of $9,573,873.81. Following the sale, the chief financial officer now directly owns 89,323 shares of the company’s stock, valued at $12,043,420.09. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In other PulteGroup news, CFO Robert Oshaughnessy sold 71,007 shares of the business’s stock in a transaction dated 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 completion of the transaction, the chief financial officer now directly owns 89,323 shares of the company’s stock, valued at $12,043,420.09. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, 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 sale, the director now owns 45,230 shares in the company, valued at $5,931,462.20. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 119,000 shares of company stock valued at $15,814,039. Insiders own 0.83% of the company’s stock.

Analysts Set New Price Targets

Several analysts have issued reports on the stock. Raymond James increased their price objective on shares of PulteGroup from $135.00 to $145.00 and gave the company an “outperform” rating in a research report on Thursday, July 25th. Wolfe Research lowered shares of PulteGroup from an “outperform” rating to a “peer perform” rating in a report on Wednesday, August 14th. Bank of America lifted their price target on shares of PulteGroup from $138.00 to $160.00 and gave the stock a “buy” rating in a research note on Thursday, September 19th. Oppenheimer upped their price objective on shares of PulteGroup from $151.00 to $168.00 and gave the company an “outperform” rating in a research report on Wednesday. Finally, BTIG Research lifted their target price on PulteGroup from $133.00 to $139.00 and gave the stock a “buy” rating in a research report on Wednesday, July 24th. Six research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $135.93.

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.