Intech Investment Management LLC Has $30.10 Million Stock Holdings in PulteGroup, Inc. (NYSE:PHM)

Intech Investment Management LLC increased its holdings in shares of PulteGroup, Inc. (NYSE:PHM) by 95.2% during the 2nd quarter, Holdings Channel reports. The institutional investor owned 273,345 shares of the construction company’s stock after acquiring an additional 133,283 shares during the quarter. Intech Investment Management LLC’s holdings in PulteGroup were worth $30,095,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in the company. WR Wealth Planners LLC raised its holdings in PulteGroup by 54.7% during the 2nd quarter. WR Wealth Planners LLC now owns 232 shares of the construction company’s stock worth $26,000 after purchasing an additional 82 shares during the last quarter. Lebenthal Global Advisors LLC raised its holdings in PulteGroup by 3.9% during the 2nd quarter. Lebenthal Global Advisors LLC now owns 2,329 shares of the construction company’s stock worth $256,000 after purchasing an additional 87 shares during the last quarter. Tocqueville Asset Management L.P. raised its holdings in PulteGroup by 2.0% during the 1st quarter. Tocqueville Asset Management L.P. now owns 5,092 shares of the construction company’s stock worth $614,000 after purchasing an additional 101 shares during the last quarter. Patten Group Inc. raised its holdings in PulteGroup by 2.9% during the 2nd quarter. Patten Group Inc. now owns 3,805 shares of the construction company’s stock worth $419,000 after purchasing an additional 109 shares during the last quarter. Finally, NBC Securities Inc. raised its holdings in PulteGroup by 2.4% during the 1st quarter. NBC Securities Inc. now owns 4,774 shares of the construction company’s stock worth $575,000 after purchasing an additional 112 shares during the last quarter. Institutional investors own 89.90% of the company’s stock.

Insider Buying and Selling at PulteGroup

In other PulteGroup news, CFO Robert Oshaughnessy sold 71,007 shares of the company’s stock in a transaction dated 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 sale, the chief financial officer now directly owns 89,323 shares of the company’s stock, valued at $12,043,420.09. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. In other PulteGroup news, CFO Robert Oshaughnessy sold 71,007 shares of the company’s stock in a transaction dated 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 sale, the chief financial officer now directly owns 89,323 shares of the company’s stock, valued at $12,043,420.09. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Thomas J. Folliard sold 19,000 shares of the company’s stock in a transaction dated 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 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. Insiders have sold a total of 119,000 shares of company stock valued at $15,814,039 over the last three months. 0.83% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

PHM has been the subject of several analyst reports. Wedbush restated a “neutral” rating and set a $115.00 price target on shares of PulteGroup in a report on Friday, August 16th. Royal Bank of Canada lifted their price objective on shares of PulteGroup from $113.00 to $120.00 and gave the company a “sector perform” rating in a research note on Wednesday, July 24th. Citigroup lowered their price objective on shares of PulteGroup from $129.00 to $117.00 and set a “neutral” rating for the company in a research note on Tuesday, July 2nd. Raymond James lifted their price objective on shares of PulteGroup from $135.00 to $145.00 and gave the company an “outperform” rating in a research note on Thursday, July 25th. Finally, JPMorgan Chase & Co. lifted their price objective on shares of PulteGroup from $141.00 to $152.00 and gave the company an “overweight” rating in a research note on Thursday, July 25th. Six research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $134.71.

PulteGroup Price Performance

Shares of NYSE:PHM opened at $145.05 on Friday. The company’s 50-day moving average is $128.45 and its 200 day moving average is $118.28. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.76 and a current ratio of 0.76. The company has a market capitalization of $30.51 billion, a P/E ratio of 11.61, a price-to-earnings-growth ratio of 0.55 and a beta of 1.62. PulteGroup, Inc. has a fifty-two week low of $68.80 and a fifty-two week high of $145.84.

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. The company had revenue of $4.60 billion for the quarter, compared to the consensus estimate of $4.49 billion. PulteGroup had a net margin of 16.75% and a return on equity of 25.67%. The firm’s quarterly revenue was up 9.8% on a year-over-year basis. During the same period in the previous year, the firm earned $3.00 EPS. On average, equities research analysts forecast 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 will be paid on Wednesday, October 2nd. Shareholders of record on Tuesday, September 17th will be issued a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a yield of 0.55%. The ex-dividend date of this dividend is Tuesday, September 17th. PulteGroup’s dividend payout ratio (DPR) is presently 6.41%.

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.