DekaBank Deutsche Girozentrale Has $13.32 Million Holdings in PulteGroup, Inc. (NYSE:PHM)

DekaBank Deutsche Girozentrale grew its holdings in shares of PulteGroup, Inc. (NYSE:PHM) by 25.8% during the second quarter, Holdings Channel.com reports. The institutional investor owned 121,316 shares of the construction company’s stock after purchasing an additional 24,889 shares during the quarter. DekaBank Deutsche Girozentrale’s holdings in PulteGroup were worth $13,323,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of the stock. Putnam Investments LLC grew its stake in shares of PulteGroup by 1.8% in the 4th quarter. Putnam Investments LLC now owns 11,008,695 shares of the construction company’s stock valued at $1,136,318,000 after buying an additional 197,656 shares during the period. Norges Bank acquired a new stake in PulteGroup in the fourth quarter valued at approximately $381,960,000. Allianz Asset Management GmbH grew its stake in PulteGroup by 38.3% in the fourth quarter. Allianz Asset Management GmbH now owns 1,892,229 shares of the construction company’s stock valued at $195,316,000 after acquiring an additional 523,623 shares during the period. Los Angeles Capital Management LLC increased its holdings in shares of PulteGroup by 0.5% during the first quarter. Los Angeles Capital Management LLC now owns 1,434,016 shares of the construction company’s stock valued at $172,971,000 after acquiring an additional 7,397 shares in the last quarter. Finally, Captrust Financial Advisors raised its position in shares of PulteGroup by 18.4% during the first quarter. Captrust Financial Advisors now owns 1,085,939 shares of the construction company’s stock worth $130,986,000 after purchasing an additional 168,746 shares during the period. Institutional investors and hedge funds own 89.90% of the company’s stock.

Insider Buying and Selling

In other news, Director Thomas J. Folliard sold 19,000 shares of the company’s stock in a transaction 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 transaction, the director now owns 45,230 shares of the company’s stock, valued at approximately $5,931,462.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In other news, CFO Robert Oshaughnessy sold 71,007 shares of PulteGroup stock in a transaction dated 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 in the company, valued at $12,043,420.09. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Thomas J. Folliard sold 19,000 shares of the company’s 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 owns 45,230 shares in the company, valued at $5,931,462.20. The disclosure for this sale can be found here. In the last quarter, insiders have sold 119,000 shares of company stock valued at $15,814,039. 0.83% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

Several analysts recently issued reports on PHM shares. Citigroup reduced their price target on shares of PulteGroup from $129.00 to $117.00 and set a “neutral” rating for the company in a research report on Tuesday, July 2nd. Wolfe Research downgraded shares of PulteGroup from an “outperform” rating to a “peer perform” rating in a research report on Wednesday, August 14th. Raymond James upped their target price on shares of PulteGroup from $135.00 to $145.00 and gave the stock an “outperform” rating in a report on Thursday, July 25th. JPMorgan Chase & Co. lifted their price target on PulteGroup from $141.00 to $152.00 and gave the company an “overweight” rating in a research note on Thursday, July 25th. Finally, Barclays raised their target price on PulteGroup from $131.00 to $150.00 and gave the company an “overweight” rating in a report on Wednesday, July 24th. Six investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $133.14.

PulteGroup Stock Up 3.1 %

Shares of NYSE:PHM opened at $139.54 on Monday. PulteGroup, Inc. has a 1 year low of $68.80 and a 1 year high of $140.77. The company has a market capitalization of $29.35 billion, a PE ratio of 11.17, a price-to-earnings-growth ratio of 0.54 and a beta of 1.62. The business has a fifty day moving average price of $125.73 and a two-hundred day moving average price of $117.51. 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 quarterly earnings results on Tuesday, July 23rd. The construction company reported $3.83 earnings per share for the quarter, beating the consensus estimate of $3.27 by $0.56. The company had revenue of $4.60 billion during the quarter, compared to analyst estimates of $4.49 billion. PulteGroup had a net margin of 16.75% and a return on equity of 25.67%. The firm’s revenue for the quarter was up 9.8% on a year-over-year basis. During the same quarter in the prior year, the business earned $3.00 earnings per share. Analysts forecast that PulteGroup, Inc. will post 12.9 earnings per share for the current year.

PulteGroup Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, October 2nd. Stockholders of record on Tuesday, September 17th will be paid a dividend of $0.20 per share. The ex-dividend date of this dividend is Tuesday, September 17th. This represents a $0.80 annualized dividend and a dividend yield of 0.57%. PulteGroup’s payout ratio is currently 6.41%.

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.