1,860 Shares in PulteGroup, Inc. (NYSE:PHM) Bought by Brookstone Capital Management

Brookstone Capital Management purchased a new stake in PulteGroup, Inc. (NYSE:PHM) in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 1,860 shares of the construction company’s stock, valued at approximately $267,000.

Several other hedge funds and other institutional investors also recently bought and sold shares of the stock. Greenhaven Associates Inc. lifted its stake in shares of PulteGroup by 0.3% in the third quarter. Greenhaven Associates Inc. now owns 5,593,179 shares of the construction company’s stock valued at $802,789,000 after buying an additional 16,871 shares during the period. Pacer Advisors Inc. lifted its position in shares of PulteGroup by 8.6% in the 2nd quarter. Pacer Advisors Inc. now owns 2,968,788 shares of the construction company’s stock worth $326,864,000 after acquiring an additional 235,826 shares during the period. Hsbc Holdings PLC grew its holdings in shares of PulteGroup by 19.6% during the 2nd 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 increased its position 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 purchasing an additional 7,397 shares during the period. Finally, Captrust Financial Advisors raised 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 in the last quarter. 89.90% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In related news, CFO Robert Oshaughnessy sold 28,993 shares of PulteGroup 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 completion of the sale, the chief financial officer now directly owns 160,330 shares in the company, valued at $20,729,065.70. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, Director Thomas J. Folliard sold 19,000 shares of the stock in a transaction on Wednesday, August 28th. The stock was sold at an average price of $131.14, for a total value of $2,491,660.00. Following the transaction, the director now owns 45,230 shares of the company’s stock, valued at $5,931,462.20. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CFO Robert Oshaughnessy sold 28,993 shares of the firm’s stock in a transaction 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 completion of the transaction, the chief financial officer now owns 160,330 shares in the company, valued at $20,729,065.70. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 119,000 shares of company stock valued at $15,814,039 over the last 90 days. 0.83% of the stock is owned by company insiders.

PulteGroup Stock Performance

Shares of NYSE:PHM opened at $142.54 on Tuesday. The business has a fifty day moving average of $133.84 and a 200-day moving average of $121.71. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.76 and a current ratio of 0.76. PulteGroup, Inc. has a twelve month low of $68.80 and a twelve month high of $145.84. The firm has a market cap of $29.98 billion, a PE ratio of 11.41, a price-to-earnings-growth ratio of 0.57 and a beta of 1.62.

PulteGroup (NYSE:PHM) last released its quarterly earnings results on Tuesday, July 23rd. The construction company reported $3.83 EPS for the quarter, beating the consensus estimate of $3.27 by $0.56. PulteGroup had a net margin of 16.75% and a return on equity of 25.67%. The business had revenue of $4.60 billion for the quarter, compared to analysts’ expectations of $4.49 billion. During the same period in the prior year, the firm earned $3.00 earnings per share. PulteGroup’s revenue was up 9.8% compared to the same quarter last year. On average, equities research analysts predict that PulteGroup, Inc. will post 12.9 EPS for the current fiscal year.

PulteGroup Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, October 2nd. Stockholders of record on Tuesday, September 17th were given a dividend of $0.20 per share. The ex-dividend date of this dividend was Tuesday, September 17th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 0.56%. PulteGroup’s payout ratio is currently 6.41%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on the stock. Barclays lifted their price target on shares of PulteGroup from $131.00 to $150.00 and gave the stock an “overweight” rating in a research note on Wednesday, July 24th. Wells Fargo & Company upped their target price on shares of PulteGroup from $150.00 to $165.00 and gave the company an “overweight” rating in a research note on Monday, October 7th. Wedbush restated a “neutral” rating and set a $115.00 price target on shares of PulteGroup in a research note on Friday, August 16th. Raymond James lifted their price objective on PulteGroup from $135.00 to $145.00 and gave the company an “outperform” rating in a report on Thursday, July 25th. Finally, JPMorgan Chase & Co. raised 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 issued a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $141.14.

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.