Park Avenue Securities LLC Has $4.65 Million Position in PulteGroup, Inc. (NYSE:PHM)

Park Avenue Securities LLC decreased its position in shares of PulteGroup, Inc. (NYSE:PHM) by 8.5% during the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 32,402 shares of the construction company’s stock after selling 3,021 shares during the quarter. Park Avenue Securities LLC’s holdings in PulteGroup were worth $4,651,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. Blair William & Co. IL boosted its holdings in PulteGroup by 1.9% in the first quarter. Blair William & Co. IL now owns 27,269 shares of the construction company’s stock valued at $3,289,000 after acquiring an additional 516 shares during the last quarter. Banque Cantonale Vaudoise boosted its stake in shares of PulteGroup by 166.6% in the 1st quarter. Banque Cantonale Vaudoise now owns 13,146 shares of the construction company’s stock valued at $1,586,000 after purchasing an additional 8,215 shares during the last quarter. State Board of Administration of Florida Retirement System grew its position in shares of PulteGroup by 6.2% during the 1st quarter. State Board of Administration of Florida Retirement System now owns 297,544 shares of the construction company’s stock worth $35,890,000 after buying an additional 17,369 shares during the period. Personal CFO Solutions LLC bought a new stake in shares of PulteGroup during the fourth quarter worth approximately $719,000. Finally, Sumitomo Mitsui Trust Holdings Inc. lifted its holdings in PulteGroup by 4.9% in the first quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 621,064 shares of the construction company’s stock valued at $74,913,000 after buying an additional 28,774 shares during the period. 89.90% of the stock is currently owned by institutional investors.

Insider Transactions at PulteGroup

In related news, Director Thomas J. Folliard sold 19,000 shares of the firm’s stock in a transaction on Wednesday, August 28th. The shares were sold at an average price of $131.14, for a total value of $2,491,660.00. Following the completion of the transaction, the director now owns 45,230 shares of the company’s stock, valued at approximately $5,931,462.20. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, 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 value 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 transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Thomas J. Folliard sold 19,000 shares of the firm’s stock in a transaction 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 $5,931,462.20. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 119,000 shares of company stock valued at $15,814,039 over the last 90 days. 0.83% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

Several brokerages have commented on PHM. BTIG Research upped their target price on shares of PulteGroup from $133.00 to $139.00 and gave the company a “buy” rating in a research report on Wednesday, July 24th. JPMorgan Chase & Co. increased their target price on PulteGroup from $141.00 to $152.00 and gave the company an “overweight” rating in a research note on Thursday, July 25th. Raymond James raised their target price on PulteGroup from $135.00 to $145.00 and gave the stock an “outperform” rating in a report on Thursday, July 25th. Citigroup lowered their price target on PulteGroup from $129.00 to $117.00 and set a “neutral” rating for the company in a research note on Tuesday, July 2nd. Finally, Wolfe Research lowered shares of PulteGroup from an “outperform” rating to a “peer perform” rating in a research note on Wednesday, August 14th. Six investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. Based on data from MarketBeat.com, PulteGroup has a consensus rating of “Moderate Buy” and a consensus target price of $135.93.

PulteGroup Stock Down 2.5 %

PHM traded down $3.53 during trading on Friday, hitting $139.44. The company had a trading volume of 1,457,686 shares, compared to its average volume of 1,851,521. The firm’s 50-day moving average price is $132.62 and its 200 day moving average price is $120.64. The company has a market capitalization of $28.94 billion, a PE ratio of 11.16, a PEG ratio of 0.58 and a beta of 1.62. 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 one year low of $68.80 and a one year high of $145.84.

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 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 company had revenue of $4.60 billion during the quarter, compared to analysts’ expectations of $4.49 billion. During the same period in the prior year, the firm earned $3.00 earnings per share. PulteGroup’s revenue for the quarter was up 9.8% compared to the same quarter last year. As a group, equities analysts expect that PulteGroup, Inc. will post 12.9 earnings per share for the current year.

PulteGroup Announces Dividend

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

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.