Versor Investments LP Lowers Stock Holdings in PulteGroup, Inc. (NYSE:PHM)

Versor Investments LP lowered its position in PulteGroup, Inc. (NYSE:PHM) by 87.4% in the 2nd quarter, according to its most recent 13F filing with the SEC. The firm owned 1,935 shares of the construction company’s stock after selling 13,465 shares during the period. Versor Investments LP’s holdings in PulteGroup were worth $213,000 at the end of the most recent quarter.

Other institutional investors have also bought and sold shares of the company. Knuff & Co LLC boosted its stake in shares of PulteGroup by 264.4% in the second quarter. Knuff & Co LLC now owns 2,915 shares of the construction company’s stock worth $321,000 after acquiring an additional 2,115 shares during the period. Ritholtz Wealth Management boosted its stake in PulteGroup by 50.5% in the 2nd quarter. Ritholtz Wealth Management now owns 51,111 shares of the construction company’s stock worth $5,627,000 after purchasing an additional 17,152 shares during the period. Hanseatic Management Services Inc. grew its holdings in PulteGroup by 2.3% during the 2nd quarter. Hanseatic Management Services Inc. now owns 6,427 shares of the construction company’s stock valued at $708,000 after buying an additional 145 shares in the last quarter. Elk River Wealth Management LLC raised its position in shares of PulteGroup by 1.9% during the second quarter. Elk River Wealth Management LLC now owns 83,262 shares of the construction company’s stock valued at $9,184,000 after buying an additional 1,527 shares during the last quarter. Finally, Aptus Capital Advisors LLC lifted its holdings in shares of PulteGroup by 28.5% in the second quarter. Aptus Capital Advisors LLC now owns 92,648 shares of the construction company’s stock worth $10,201,000 after buying an additional 20,555 shares in the last quarter. Hedge funds and other institutional investors own 89.90% of the company’s stock.

PulteGroup Stock Up 1.5 %

Shares of PHM opened at $130.20 on Friday. The company has a quick ratio of 0.76, a current ratio of 0.76 and a debt-to-equity ratio of 0.15. The business has a fifty day moving average of $122.82 and a 200 day moving average of $116.33. The company has a market cap of $27.39 billion, a PE ratio of 10.42, a P/E/G ratio of 0.54 and a beta of 1.62. PulteGroup, Inc. has a 52-week low of $68.80 and a 52-week high of $136.47.

PulteGroup (NYSE:PHM) last issued 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. The company had revenue of $4.60 billion for the quarter, compared to the consensus estimate of $4.49 billion. PulteGroup had a net margin of 16.75% and a return on equity of 25.67%. The firm’s revenue was up 9.8% compared to the same quarter last year. During the same period in the prior year, the firm posted $3.00 EPS. On average, sell-side analysts expect that PulteGroup, Inc. will post 12.9 EPS for the current year.

PulteGroup Announces Dividend

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 $0.20 dividend. The ex-dividend date of this dividend is Tuesday, September 17th. This represents a $0.80 annualized dividend and a dividend yield of 0.61%. PulteGroup’s payout ratio is 6.41%.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on the stock. Citigroup cut their target price on shares of PulteGroup from $129.00 to $117.00 and set a “neutral” rating for the company in a research note on Tuesday, July 2nd. Evercore ISI raised their price objective on PulteGroup from $183.00 to $189.00 and gave the company an “outperform” rating in a research report on Monday, July 15th. Wedbush reiterated a “neutral” rating and issued a $115.00 target price on shares of PulteGroup in a research report on Friday, August 16th. Wolfe Research cut PulteGroup from an “outperform” rating to a “peer perform” rating in a report on Wednesday, August 14th. Finally, Bank of America upped their price objective on PulteGroup from $135.00 to $138.00 and gave the stock a “buy” rating in a report on Monday, July 22nd. Six analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $133.14.

Insider Buying and Selling

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

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.