PulteGroup, Inc. (NYSE:PHM) Holdings Raised by Cetera Investment Advisers

Cetera Investment Advisers increased its stake in PulteGroup, Inc. (NYSE:PHM) by 6.1% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 100,382 shares of the construction company’s stock after purchasing an additional 5,794 shares during the quarter. Cetera Investment Advisers’ holdings in PulteGroup were worth $11,052,000 as of its most recent filing with the Securities and Exchange Commission.

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

Analyst Upgrades and Downgrades

Several analysts have recently commented on PHM shares. Bank of America increased their price objective on PulteGroup from $138.00 to $160.00 and gave the stock a “buy” rating in a research note on Thursday, September 19th. Evercore ISI boosted their price target on PulteGroup from $183.00 to $189.00 and gave the company an “outperform” rating in a report on Monday, July 15th. Oppenheimer boosted their price target on PulteGroup from $151.00 to $168.00 and gave the stock an “outperform” rating in a research report on Wednesday. Wedbush reissued a “neutral” rating and set a $115.00 price target on shares of PulteGroup in a report on Friday, August 16th. Finally, JPMorgan Chase & Co. raised their price objective on PulteGroup from $141.00 to $152.00 and gave the company an “overweight” rating in a research report on Thursday, July 25th. Six analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. Based on data from MarketBeat.com, PulteGroup presently has a consensus rating of “Moderate Buy” and an average price target of $135.93.

PulteGroup Stock Performance

PHM stock opened at $139.44 on Friday. PulteGroup, Inc. has a one year low of $68.80 and a one year high of $145.84. The firm has a 50-day simple moving average of $132.62 and a two-hundred day simple moving average of $120.70. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.76 and a current ratio of 0.76. The firm has a market cap of $29.33 billion, a price-to-earnings ratio of 11.16, a PEG ratio of 0.58 and a beta of 1.62.

PulteGroup (NYSE:PHM) last announced its quarterly earnings data on Tuesday, July 23rd. The construction company reported $3.83 EPS 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 business had revenue of $4.60 billion during the quarter, compared to the consensus estimate of $4.49 billion. During the same period in the previous year, the company posted $3.00 earnings per share. The business’s revenue for the quarter was up 9.8% on a year-over-year basis. On average, equities analysts forecast that PulteGroup, Inc. will post 12.9 EPS for the current fiscal year.

PulteGroup Announces Dividend

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

Insider Activity

In related news, CFO Robert Oshaughnessy sold 28,993 shares of the firm’s stock in a transaction on Thursday, August 1st. The stock was sold at an average price of $129.29, for a total transaction of $3,748,504.97. Following the completion of the sale, the chief financial officer now directly owns 160,330 shares of the company’s stock, valued at $20,729,065.70. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. In other PulteGroup news, CFO Robert Oshaughnessy sold 28,993 shares of the business’s stock in a transaction dated Thursday, August 1st. The stock was 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 of the company’s stock, valued at approximately $20,729,065.70. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 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 sale, the director now directly owns 45,230 shares of the company’s stock, valued at $5,931,462.20. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 119,000 shares of company stock worth $15,814,039. 0.83% of the stock is owned by company insiders.

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.