Sei Investments Co. Has $35.56 Million Stake in PulteGroup, Inc. (NYSE:PHM)

Sei Investments Co. raised its stake in PulteGroup, Inc. (NYSE:PHM) by 3.7% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 323,003 shares of the construction company’s stock after purchasing an additional 11,501 shares during the period. Sei Investments Co. owned 0.15% of PulteGroup worth $35,558,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. Benjamin Edwards Inc. bought a new stake in shares of PulteGroup during the first quarter worth approximately $26,000. WR Wealth Planners LLC lifted its holdings in shares of PulteGroup by 54.7% during the second quarter. WR Wealth Planners LLC now owns 232 shares of the construction company’s stock worth $26,000 after buying an additional 82 shares in the last quarter. LRI Investments LLC bought a new stake in shares of PulteGroup in the first quarter valued at about $28,000. Rothschild Investment LLC acquired a new position in shares of PulteGroup in the second quarter valued at about $31,000. Finally, Candriam S.C.A. bought a new position in PulteGroup during the second quarter worth about $33,000. Institutional investors and hedge funds own 89.90% of the company’s stock.

Insider Activity at PulteGroup

In other PulteGroup news, CFO Robert Oshaughnessy sold 28,993 shares of the business’s 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 $20,729,065.70. The sale was disclosed in a legal filing with the SEC, which is available through this link. In other 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 transaction, the chief financial officer now owns 160,330 shares in the company, valued at $20,729,065.70. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Thomas J. Folliard sold 19,000 shares of the firm’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 completion of the sale, 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 a total of 119,000 shares of company stock worth $15,814,039 in the last 90 days. Corporate insiders own 0.83% of the company’s stock.

PulteGroup Stock Up 1.2 %

Shares of PHM opened at $143.53 on Tuesday. The stock’s 50-day moving average price is $129.50 and its two-hundred day moving average price is $118.81. PulteGroup, Inc. has a 12 month low of $68.80 and a 12 month high of $145.84. The company has a market capitalization of $30.19 billion, a PE ratio of 11.49, a PEG ratio of 0.57 and a beta of 1.62. The company has a current ratio of 0.76, a quick ratio of 0.76 and a debt-to-equity ratio of 0.15.

PulteGroup (NYSE:PHM) last issued its quarterly earnings results on Tuesday, July 23rd. The construction company reported $3.83 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.27 by $0.56. PulteGroup had a net margin of 16.75% and a return on equity of 25.67%. The firm had revenue of $4.60 billion for the quarter, compared to the consensus estimate of $4.49 billion. During the same quarter 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, analysts anticipate that PulteGroup, Inc. will post 12.9 EPS for the current year.

PulteGroup Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 2nd. Stockholders of record on Tuesday, September 17th will be given a $0.20 dividend. This represents a $0.80 annualized dividend and a dividend yield of 0.56%. The ex-dividend date is Tuesday, September 17th. PulteGroup’s dividend payout ratio (DPR) is presently 6.41%.

Analyst Ratings Changes

Several brokerages have weighed in on PHM. Citigroup dropped their price objective on PulteGroup from $129.00 to $117.00 and set a “neutral” rating for the company in a report on Tuesday, July 2nd. Wolfe Research cut shares of PulteGroup from an “outperform” rating to a “peer perform” rating in a research report on Wednesday, August 14th. Raymond James increased their price target on shares of PulteGroup from $135.00 to $145.00 and gave the stock an “outperform” rating in a research report on Thursday, July 25th. Wedbush reaffirmed a “neutral” rating and issued a $115.00 target price on shares of PulteGroup in a report on Friday, August 16th. Finally, Evercore ISI raised their price objective on PulteGroup from $183.00 to $189.00 and gave the company an “outperform” rating in a research note on Monday, July 15th. Six analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus 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.