Inspire Investing LLC Decreases Holdings in PulteGroup, Inc. (NYSE:PHM)

Inspire Investing LLC cut its stake in PulteGroup, Inc. (NYSE:PHM) by 78.5% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,396 shares of the construction company’s stock after selling 8,773 shares during the quarter. Inspire Investing LLC’s holdings in PulteGroup were worth $264,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Putnam Investments LLC raised its holdings in shares of PulteGroup by 1.8% during 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. Allianz Asset Management GmbH raised its stake in shares of PulteGroup by 38.3% during 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 purchasing an additional 523,623 shares during the period. Hsbc Holdings PLC lifted its position in shares of PulteGroup by 19.6% during the second quarter. Hsbc Holdings PLC now owns 1,529,698 shares of the construction company’s stock worth $168,254,000 after purchasing an additional 250,937 shares in the last quarter. Los Angeles Capital Management LLC boosted its stake in shares of PulteGroup by 0.5% in 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 purchasing an additional 7,397 shares during the period. Finally, Captrust Financial Advisors boosted its stake in shares of PulteGroup by 18.4% in the first quarter. Captrust Financial Advisors now owns 1,085,939 shares of the construction company’s stock valued at $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.

PulteGroup Trading Down 0.2 %

NYSE:PHM opened at $143.26 on Wednesday. The firm has a market capitalization of $30.13 billion, a P/E ratio of 11.47, a P/E/G ratio of 0.57 and a beta of 1.62. The business has a 50 day simple moving average of $129.87 and a 200 day simple moving average of $119.03. 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, Inc. has a 12-month low of $68.80 and a 12-month high of $145.84.

PulteGroup (NYSE:PHM) last released its quarterly earnings results on Tuesday, July 23rd. The construction company reported $3.83 EPS for the quarter, topping the consensus estimate of $3.27 by $0.56. The business 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 company’s quarterly revenue was up 9.8% on a year-over-year basis. During the same quarter in the prior year, the firm earned $3.00 earnings per share. Equities research analysts predict that PulteGroup, Inc. will post 12.9 EPS for the current year.

PulteGroup Dividend Announcement

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

Insider Transactions at PulteGroup

In related news, CFO Robert Oshaughnessy sold 71,007 shares of the firm’s 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 sale, the chief financial officer now directly owns 89,323 shares in the company, valued at approximately $12,043,420.09. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In other PulteGroup news, Director Thomas J. Folliard sold 19,000 shares of the firm’s stock in a transaction dated 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 directly owns 45,230 shares in the company, valued at approximately $5,931,462.20. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Robert Oshaughnessy sold 71,007 shares of the business’s 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 transaction, the chief financial officer now directly owns 89,323 shares in the company, valued at $12,043,420.09. The disclosure for this sale can be found here. Over the last three months, insiders sold 119,000 shares of company stock worth $15,814,039. Company insiders own 0.83% of the company’s stock.

Analyst Upgrades and Downgrades

PHM has been the topic of a number of recent analyst reports. Raymond James boosted their price objective on shares of PulteGroup from $135.00 to $145.00 and gave the stock an “outperform” rating in a report on Thursday, July 25th. Wedbush reissued a “neutral” rating and issued a $115.00 price target on shares of PulteGroup in a report on Friday, August 16th. Oppenheimer lifted their price objective on PulteGroup from $143.00 to $151.00 and gave the stock an “outperform” rating in a report on Wednesday, July 24th. BTIG Research increased their target price on PulteGroup from $133.00 to $139.00 and gave the company a “buy” rating in a research note on Wednesday, July 24th. Finally, Royal Bank of Canada lifted their price target on shares of PulteGroup from $113.00 to $120.00 and gave the stock a “sector perform” rating in a research note on Wednesday, July 24th. Six investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $134.71.

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.