Blair William & Co. IL Has $3.76 Million Stock Holdings in PulteGroup, Inc. (NYSE:PHM)

Blair William & Co. IL lifted its stake in PulteGroup, Inc. (NYSE:PHM) by 25.1% in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 34,127 shares of the construction company’s stock after purchasing an additional 6,858 shares during the quarter. Blair William & Co. IL’s holdings in PulteGroup were worth $3,757,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also recently bought and sold shares of PHM. PNC Financial Services Group Inc. increased its position in shares of PulteGroup by 1.3% in the fourth quarter. PNC Financial Services Group Inc. now owns 32,649 shares of the construction company’s stock worth $3,370,000 after acquiring an additional 414 shares in the last quarter. Clearbridge Investments LLC purchased a new position in PulteGroup during the 4th quarter worth approximately $201,000. Franklin Resources Inc. grew its position in PulteGroup by 13.7% during the 4th quarter. Franklin Resources Inc. now owns 426,010 shares of the construction company’s stock worth $43,973,000 after purchasing an additional 51,277 shares in the last quarter. Cambridge Investment Research Advisors Inc. raised 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 purchasing an additional 1,762 shares during the period. Finally, TCW Group Inc. purchased a new stake in shares of PulteGroup in the fourth quarter valued at $1,118,000. Hedge funds and other institutional investors own 89.90% of the company’s stock.

Insider Buying and Selling

In other PulteGroup news, CFO Robert Oshaughnessy sold 28,993 shares of the company’s stock in a transaction dated Thursday, August 1st. The shares were 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 in the company, valued at $20,729,065.70. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other PulteGroup news, CFO Robert Oshaughnessy sold 28,993 shares of PulteGroup stock in a transaction that occurred on Thursday, August 1st. The stock was sold at an average price of $129.29, for a total value of $3,748,504.97. Following the transaction, the chief financial officer now directly owns 160,330 shares of the company’s stock, valued at approximately $20,729,065.70. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Thomas J. Folliard sold 19,000 shares of the company’s stock in a transaction that occurred on Wednesday, August 28th. The stock was sold at an average price of $131.14, for a total value of $2,491,660.00. Following the transaction, the director now owns 45,230 shares of the company’s stock, valued at $5,931,462.20. The disclosure for this sale can be found here. Insiders have sold 119,000 shares of company stock worth $15,814,039 in the last quarter. 0.83% of the stock is currently owned by company insiders.

PulteGroup Price Performance

Shares of NYSE:PHM opened at $141.86 on Friday. The stock has a market capitalization of $29.44 billion, a P/E ratio of 11.36, a P/E/G ratio of 0.57 and a beta of 1.62. The business has a 50-day moving average of $128.95 and a two-hundred day moving average of $118.55. PulteGroup, Inc. has a fifty-two week low of $68.80 and a fifty-two week high of $145.84. 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 earnings results on Tuesday, July 23rd. The construction company reported $3.83 earnings per share for the quarter, topping the consensus estimate 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 analyst estimates of $4.49 billion. During the same period in the previous year, the company earned $3.00 EPS. The company’s revenue for the quarter was up 9.8% on a year-over-year basis. On average, equities research analysts predict that PulteGroup, Inc. will post 12.9 EPS for the current fiscal year.

PulteGroup Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, October 2nd. Investors of record on Tuesday, September 17th will be paid a $0.20 dividend. The ex-dividend date of this dividend is Tuesday, September 17th. This represents a $0.80 dividend on an annualized basis and a yield of 0.56%. PulteGroup’s payout ratio is presently 6.41%.

Analyst Upgrades and Downgrades

PHM has been the topic of a number of research analyst reports. BTIG Research lifted their price target on PulteGroup from $133.00 to $139.00 and gave the company a “buy” rating in a report on Wednesday, July 24th. Barclays lifted their target price on PulteGroup from $131.00 to $150.00 and gave the company an “overweight” rating in a research note on Wednesday, July 24th. Evercore ISI increased their price target 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. JPMorgan Chase & Co. raised their price target on shares of PulteGroup from $141.00 to $152.00 and gave the stock an “overweight” rating in a report on Thursday, July 25th. Finally, Wedbush reiterated a “neutral” rating and issued a $115.00 price objective on shares of PulteGroup in a research note on Friday, August 16th. Six investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $134.71.

PulteGroup 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.