Global Retirement Partners LLC Buys 405 Shares of PulteGroup, Inc. (NYSE:PHM)

Global Retirement Partners LLC grew its holdings in shares of PulteGroup, Inc. (NYSE:PHM) by 17.4% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,732 shares of the construction company’s stock after buying an additional 405 shares during the quarter. Global Retirement Partners LLC’s holdings in PulteGroup were worth $392,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in PHM. Wellington Management Group LLP bought a new stake in PulteGroup during the 4th quarter worth about $5,731,000. Ballentine Partners LLC lifted its position in PulteGroup by 4.2% during the 1st quarter. Ballentine Partners LLC now owns 3,757 shares of the construction company’s stock worth $453,000 after buying an additional 151 shares in the last quarter. Gateway Investment Advisers LLC lifted its position in PulteGroup by 14.1% during the 1st quarter. Gateway Investment Advisers LLC now owns 8,613 shares of the construction company’s stock worth $1,039,000 after buying an additional 1,064 shares in the last quarter. Atlas Capital Advisors LLC lifted its position in PulteGroup by 2.3% during the 1st quarter. Atlas Capital Advisors LLC now owns 9,962 shares of the construction company’s stock worth $1,202,000 after buying an additional 225 shares in the last quarter. Finally, DGS Capital Management LLC bought a new stake in PulteGroup during the 1st quarter worth about $251,000. 89.90% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on PHM. Bank of America boosted their price objective 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. Wedbush restated a “neutral” rating and set a $115.00 price objective on shares of PulteGroup in a research note on Friday, August 16th. Evercore ISI boosted their price objective on shares of PulteGroup from $183.00 to $189.00 and gave the stock an “outperform” rating in a research note on Monday, July 15th. Wells Fargo & Company boosted their price objective on shares of PulteGroup from $150.00 to $165.00 and gave the stock an “overweight” rating in a research note on Monday, October 7th. Finally, Royal Bank of Canada boosted their price objective on shares of PulteGroup from $113.00 to $120.00 and gave the stock a “sector perform” rating in a research note on Wednesday, July 24th. Six equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $141.14.

PulteGroup Stock Performance

Shares of NYSE:PHM opened at $144.26 on Tuesday. The company’s 50 day moving average price is $136.24 and its two-hundred day moving average price is $122.75. PulteGroup, Inc. has a 12-month low of $68.80 and a 12-month high of $149.47. 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 $30.34 billion, a PE ratio of 11.55, a PEG ratio of 0.58 and a beta of 1.62.

PulteGroup (NYSE:PHM) last issued its quarterly earnings results 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 net margin of 16.75% and a return on equity of 25.67%. The company had revenue of $4.60 billion during the quarter, compared to the consensus estimate of $4.49 billion. During the same quarter in the prior year, the firm posted $3.00 EPS. The firm’s quarterly revenue was up 9.8% on a year-over-year basis. Equities research analysts predict that PulteGroup, Inc. will post 12.9 earnings per share for the current year.

PulteGroup Dividend Announcement

The company also recently declared 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. This represents a $0.80 dividend on an annualized basis and a dividend yield of 0.55%. The ex-dividend date was Tuesday, September 17th. PulteGroup’s dividend payout ratio (DPR) is presently 6.41%.

Insider Transactions at PulteGroup

In other news, CFO Robert Oshaughnessy sold 71,007 shares of the company’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 completion of the sale, the chief financial officer now owns 89,323 shares of the company’s stock, valued at approximately $12,043,420.09. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In related news, CFO Robert Oshaughnessy sold 71,007 shares of the 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 of the company’s stock, valued at $12,043,420.09. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 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 transaction, the director now directly owns 45,230 shares of the company’s stock, valued at approximately $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 sold 119,000 shares of company stock valued at $15,814,039. Company insiders own 0.83% of the company’s stock.

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.