PulteGroup, Inc. (NYSE:PHM) Shares Sold by Louisiana State Employees Retirement System

Louisiana State Employees Retirement System cut its holdings in shares of PulteGroup, Inc. (NYSE:PHM) by 1.7% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 11,700 shares of the construction company’s stock after selling 200 shares during the quarter. Louisiana State Employees Retirement System’s holdings in PulteGroup were worth $1,679,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently bought and sold shares of the stock. Cromwell Holdings LLC lifted its holdings in shares of PulteGroup by 17.2% in the 3rd quarter. Cromwell Holdings LLC now owns 565 shares of the construction company’s stock worth $81,000 after acquiring an additional 83 shares during the last quarter. Heritage Oak Wealth Advisors LLC acquired a new position in PulteGroup during the third quarter worth $490,000. Assenagon Asset Management S.A. boosted its position in shares of PulteGroup by 97.3% during the third quarter. Assenagon Asset Management S.A. now owns 46,603 shares of the construction company’s stock worth $6,689,000 after buying an additional 22,982 shares during the period. Bogart Wealth LLC grew its stake in shares of PulteGroup by 44.6% in the third quarter. Bogart Wealth LLC now owns 45,813 shares of the construction company’s stock valued at $6,576,000 after buying an additional 14,131 shares in the last quarter. Finally, American Institute for Advanced Investment Management LLP raised its holdings in shares of PulteGroup by 15.9% in the 3rd quarter. American Institute for Advanced Investment Management LLP now owns 2,290 shares of the construction company’s stock valued at $329,000 after buying an additional 315 shares during the period. Hedge funds and other institutional investors own 89.90% of the company’s stock.

Insider Buying and Selling at PulteGroup

In other news, Director Thomas J. Folliard sold 19,000 shares of PulteGroup stock in a transaction 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 transaction, the director now directly owns 45,230 shares of the company’s stock, valued at $5,931,462.20. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. In other PulteGroup news, Director Thomas J. Folliard sold 19,000 shares of the firm’s stock in a transaction on Wednesday, August 28th. The shares were sold at an average price of $131.14, for a total transaction of $2,491,660.00. Following the transaction, the director now directly owns 45,230 shares of the company’s stock, valued at approximately $5,931,462.20. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CFO Robert Oshaughnessy sold 71,007 shares of PulteGroup stock in a transaction 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 completion of the transaction, the chief financial officer now owns 89,323 shares in the company, valued at approximately $12,043,420.09. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.83% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on PHM shares. Wedbush reaffirmed a “neutral” rating and issued a $115.00 target price on shares of PulteGroup in a research report on Tuesday, October 22nd. UBS Group upped their target price on shares of PulteGroup from $148.00 to $154.00 and gave the stock a “neutral” rating in a research note on Wednesday, October 23rd. Oppenheimer decreased their price target on shares of PulteGroup from $168.00 to $165.00 and set an “outperform” rating for the company in a research report on Wednesday, October 23rd. Bank of America boosted their price target on shares of PulteGroup from $138.00 to $160.00 and gave the stock a “buy” rating in a research note on Thursday, September 19th. Finally, Wolfe Research lowered PulteGroup from an “outperform” rating to a “peer perform” rating in a report on Wednesday, August 14th. Six investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. Based on data from MarketBeat, PulteGroup presently has an average rating of “Moderate Buy” and a consensus target price of $145.00.

PulteGroup Trading Up 0.6 %

Shares of PulteGroup stock opened at $130.30 on Thursday. The company has a current ratio of 0.73, a quick ratio of 0.73 and a debt-to-equity ratio of 0.14. The company has a fifty day simple moving average of $137.44 and a 200-day simple moving average of $123.65. The stock has a market cap of $26.72 billion, a price-to-earnings ratio of 10.43, a PEG ratio of 0.54 and a beta of 1.62. PulteGroup, Inc. has a 12-month low of $72.45 and a 12-month high of $149.47.

PulteGroup (NYSE:PHM) last released its quarterly earnings data on Tuesday, October 22nd. The construction company reported $3.35 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.10 by $0.25. PulteGroup had a net margin of 16.64% and a return on equity of 25.30%. The company had revenue of $4.48 billion during the quarter, compared to the consensus estimate of $4.27 billion. During the same quarter in the prior year, the firm posted $2.90 earnings per share. PulteGroup’s revenue for the quarter was up 11.8% on a year-over-year basis. On average, equities analysts forecast that PulteGroup, Inc. will post 12.98 EPS for the current fiscal year.

PulteGroup Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, October 2nd. Shareholders of record on Tuesday, September 17th were paid a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a yield of 0.61%. The ex-dividend date of this dividend was Tuesday, September 17th. PulteGroup’s dividend payout ratio is currently 6.41%.

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.