Private Advisor Group LLC Purchases 924 Shares of PulteGroup, Inc. (NYSE:PHM)

Private Advisor Group LLC lifted its position in shares of PulteGroup, Inc. (NYSE:PHM) by 9.2% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 10,943 shares of the construction company’s stock after purchasing an additional 924 shares during the period. Private Advisor Group LLC’s holdings in PulteGroup were worth $1,571,000 at the end of the most recent quarter.

Other large investors also recently made changes to their positions in the company. Blair William & Co. IL lifted its position in shares of PulteGroup by 1.9% during the first quarter. Blair William & Co. IL now owns 27,269 shares of the construction company’s stock valued at $3,289,000 after purchasing an additional 516 shares in the last quarter. State Board of Administration of Florida Retirement System lifted its position in shares of PulteGroup by 6.2% during the first quarter. State Board of Administration of Florida Retirement System now owns 297,544 shares of the construction company’s stock valued at $35,890,000 after purchasing an additional 17,369 shares in the last quarter. Sumitomo Mitsui Trust Holdings Inc. lifted its position in shares of PulteGroup by 4.9% during 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 purchasing an additional 28,774 shares in the last quarter. Lazard Asset Management LLC lifted its position in shares of PulteGroup by 1.1% during the first quarter. Lazard Asset Management LLC now owns 464,217 shares of the construction company’s stock valued at $55,993,000 after purchasing an additional 5,022 shares in the last quarter. Finally, Russell Investments Group Ltd. lifted its position in shares of PulteGroup by 34.4% during the first quarter. Russell Investments Group Ltd. now owns 679,940 shares of the construction company’s stock valued at $81,901,000 after purchasing an additional 173,914 shares in the last quarter. 89.90% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on the stock. Wolfe Research downgraded shares of PulteGroup from an “outperform” rating to a “peer perform” rating in a report on Wednesday, August 14th. UBS Group raised their price objective on shares of PulteGroup from $148.00 to $154.00 and gave the stock a “neutral” rating in a report on Wednesday, October 23rd. Oppenheimer decreased their price objective on shares of PulteGroup from $168.00 to $165.00 and set an “outperform” rating for the company in a report on Wednesday, October 23rd. Barclays raised their price objective on shares of PulteGroup from $131.00 to $150.00 and gave the stock an “overweight” rating in a report on Wednesday, July 24th. Finally, Wells Fargo & Company raised their price objective on shares of PulteGroup from $150.00 to $165.00 and gave the stock an “overweight” rating in a report on Monday, October 7th. Six equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $145.00.

PulteGroup Price Performance

Shares of NYSE:PHM opened at $130.30 on Thursday. The company has a 50 day moving average of $137.44 and a 200 day moving average of $123.65. The stock has a market cap of $26.72 billion, a P/E ratio of 10.43, a P/E/G ratio of 0.54 and a beta of 1.62. PulteGroup, Inc. has a 12 month low of $72.45 and a 12 month high of $149.47. The company has a current ratio of 0.73, a quick ratio of 0.73 and a debt-to-equity ratio of 0.14.

PulteGroup (NYSE:PHM) last issued its quarterly earnings data on Tuesday, October 22nd. The construction company reported $3.35 EPS for the quarter, beating the consensus estimate of $3.10 by $0.25. PulteGroup had a net margin of 16.64% and a return on equity of 25.30%. The company had revenue of $4.48 billion during the quarter, compared to analysts’ expectations of $4.27 billion. During the same quarter in the previous year, the company earned $2.90 earnings per share. PulteGroup’s revenue for the quarter was up 11.8% on a year-over-year basis. As a group, sell-side analysts forecast that PulteGroup, Inc. will post 12.98 EPS for the current fiscal year.

PulteGroup Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, October 2nd. Shareholders of record on Tuesday, September 17th were given a dividend of $0.20 per share. The ex-dividend date of this dividend was Tuesday, September 17th. This represents a $0.80 annualized dividend and a yield of 0.61%. PulteGroup’s payout ratio is presently 6.41%.

Insider Buying and Selling at PulteGroup

In other PulteGroup news, CFO Robert Oshaughnessy sold 71,007 shares of PulteGroup 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 directly owns 89,323 shares in the company, valued at $12,043,420.09. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. In other PulteGroup news, CFO Robert Oshaughnessy sold 71,007 shares of PulteGroup 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 directly owns 89,323 shares in the company, valued at $12,043,420.09. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Thomas J. Folliard sold 19,000 shares of the business’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 transaction of $2,491,660.00. Following the completion of the sale, the director now 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 ownership of the stock. The disclosure for this sale can be found here. 0.83% of the stock is currently owned by company insiders.

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.