William B. Walkup & Associates Inc. Buys Shares of 8,276 PulteGroup, Inc. (NYSE:PHM)

William B. Walkup & Associates Inc. bought a new stake in shares of PulteGroup, Inc. (NYSE:PHM) during the 2nd quarter, Holdings Channel reports. The firm bought 8,276 shares of the construction company’s stock, valued at approximately $911,000.

Other hedge funds have also recently added to or reduced their stakes in the company. Benjamin Edwards Inc. bought a new stake in shares of PulteGroup in the 1st quarter worth $26,000. WR Wealth Planners LLC raised its stake in shares of PulteGroup by 54.7% in the 2nd 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 1st quarter worth $28,000. Rothschild Investment LLC bought a new stake in shares of PulteGroup in the 2nd quarter worth $31,000. Finally, Candriam S.C.A. bought a new stake in shares of PulteGroup in the 2nd quarter worth $33,000. Institutional investors own 89.90% of the company’s stock.

PulteGroup Stock Performance

Shares of PHM stock opened at $143.17 on Monday. PulteGroup, Inc. has a 1-year low of $68.80 and a 1-year high of $145.84. The company has a current ratio of 0.76, a quick ratio of 0.76 and a debt-to-equity ratio of 0.15. The company has a market capitalization of $29.71 billion, a price-to-earnings ratio of 11.46, a P/E/G ratio of 0.58 and a beta of 1.62. The stock’s fifty day simple moving average is $130.92 and its 200-day simple moving average is $119.64.

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, beating analysts’ consensus estimates of $3.27 by $0.56. PulteGroup had a return on equity of 25.67% and a net margin of 16.75%. The business 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 posted $3.00 earnings per share. PulteGroup’s revenue for the quarter was up 9.8% compared to the same quarter last year. On average, sell-side analysts predict that PulteGroup, Inc. will post 12.9 earnings per share for the current fiscal 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 is 6.41%.

Insider Activity

In other PulteGroup news, CFO Robert Oshaughnessy sold 28,993 shares of the business’s stock in a transaction dated 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 owns 160,330 shares in the company, valued at $20,729,065.70. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other PulteGroup news, CFO Robert Oshaughnessy sold 28,993 shares of the business’s stock in a transaction dated 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 owns 160,330 shares in the company, valued at $20,729,065.70. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Thomas J. Folliard sold 19,000 shares of the business’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 transaction, the director now owns 45,230 shares in the company, valued at approximately $5,931,462.20. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 119,000 shares of company stock worth $15,814,039. 0.83% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

A number of analysts have recently commented on PHM shares. Evercore ISI boosted their price objective on PulteGroup from $183.00 to $189.00 and gave the stock an “outperform” rating in a research note on Monday, July 15th. Barclays boosted their price objective on PulteGroup from $131.00 to $150.00 and gave the stock an “overweight” rating in a research note on Wednesday, July 24th. Wedbush reaffirmed a “neutral” rating and set a $115.00 target price on shares of PulteGroup in a research report on Friday, August 16th. Oppenheimer boosted their target price on PulteGroup from $143.00 to $151.00 and gave the stock an “outperform” rating in a research report on Wednesday, July 24th. Finally, JPMorgan Chase & Co. boosted their target price on PulteGroup from $141.00 to $152.00 and gave the stock an “overweight” rating in a research report on Thursday, July 25th. 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 data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price 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.