PulteGroup, Inc. (NYSE:PHM) Shares Sold by Cwm LLC

Cwm LLC lowered its position in shares of PulteGroup, Inc. (NYSE:PHM) by 10.0% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 16,040 shares of the construction company’s stock after selling 1,786 shares during the period. Cwm LLC’s holdings in PulteGroup were worth $2,302,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. Benjamin Edwards Inc. acquired a new position in shares of PulteGroup during the 1st quarter worth about $26,000. WR Wealth Planners LLC lifted its stake in 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 purchasing an additional 82 shares during the last quarter. LRI Investments LLC acquired a new position in PulteGroup in the first quarter valued at approximately $28,000. Rothschild Investment LLC purchased a new position in PulteGroup in the second quarter valued at approximately $31,000. Finally, Candriam S.C.A. acquired a new stake in PulteGroup during the second quarter worth approximately $33,000. Hedge funds and other institutional investors own 89.90% of the company’s stock.

Analysts Set New Price Targets

PHM has been the subject of several research analyst reports. 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 report on Monday, October 7th. Wolfe Research lowered PulteGroup from an “outperform” rating to a “peer perform” rating in a report on Wednesday, August 14th. Royal Bank of Canada boosted their target price on PulteGroup from $113.00 to $120.00 and gave the company a “sector perform” rating in a report on Wednesday, July 24th. Bank of America raised their price target on PulteGroup from $138.00 to $160.00 and gave the stock a “buy” rating in a research note on Thursday, September 19th. Finally, Citigroup reduced their price objective on PulteGroup from $129.00 to $117.00 and set a “neutral” rating for the company in a research note on Tuesday, July 2nd. 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.com, PulteGroup has a consensus rating of “Moderate Buy” and an average target price of $141.14.

PulteGroup Stock Performance

Shares of PHM stock opened at $142.54 on Tuesday. 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 stock has a 50 day simple moving average of $133.84 and a 200-day simple moving average of $121.71. The company has a market cap of $29.98 billion, a price-to-earnings ratio of 11.41, a price-to-earnings-growth ratio of 0.57 and a beta of 1.62. 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 data on Tuesday, July 23rd. The construction company reported $3.83 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.27 by $0.56. The firm had revenue of $4.60 billion during the quarter, compared to analysts’ expectations of $4.49 billion. PulteGroup had a return on equity of 25.67% and a net margin of 16.75%. PulteGroup’s revenue was up 9.8% compared to the same quarter last year. During the same quarter in the prior year, the business posted $3.00 earnings per share. On average, equities analysts forecast that PulteGroup, Inc. will post 12.9 EPS for the current year.

PulteGroup Announces Dividend

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

Insiders Place Their Bets

In other news, CFO Robert Oshaughnessy sold 28,993 shares of PulteGroup stock in a transaction that occurred on 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 completion of the sale, the chief financial officer now directly owns 160,330 shares in the company, valued at approximately $20,729,065.70. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, Director Thomas J. Folliard sold 19,000 shares of the stock in a transaction that occurred on 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 directly owns 45,230 shares in the company, valued at $5,931,462.20. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Robert Oshaughnessy sold 28,993 shares of the firm’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 transaction 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 approximately $20,729,065.70. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 119,000 shares of company stock worth $15,814,039. 0.83% of the stock is owned by company insiders.

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.