Delta Investment Management LLC Acquires 183 Shares of PulteGroup, Inc. (NYSE:PHM)

Delta Investment Management LLC grew its holdings in PulteGroup, Inc. (NYSE:PHM) by 8.9% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 2,239 shares of the construction company’s stock after purchasing an additional 183 shares during the quarter. Delta Investment Management LLC’s holdings in PulteGroup were worth $247,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Blair William & Co. IL raised its holdings in shares of PulteGroup by 1.9% in the 1st quarter. Blair William & Co. IL now owns 27,269 shares of the construction company’s stock valued at $3,289,000 after purchasing an additional 516 shares in the last quarter. Banque Cantonale Vaudoise raised its holdings in shares of PulteGroup by 166.6% in the 1st quarter. Banque Cantonale Vaudoise now owns 13,146 shares of the construction company’s stock valued at $1,586,000 after purchasing an additional 8,215 shares in the last quarter. State Board of Administration of Florida Retirement System raised its holdings in shares of PulteGroup by 6.2% in the 1st quarter. State Board of Administration of Florida Retirement System now owns 297,544 shares of the construction company’s stock valued at $35,890,000 after purchasing an additional 17,369 shares in the last quarter. Personal CFO Solutions LLC bought a new stake in shares of PulteGroup in the 4th quarter valued at about $719,000. Finally, Sumitomo Mitsui Trust Holdings Inc. raised its holdings in shares of PulteGroup by 4.9% in the 1st quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 621,064 shares of the construction company’s stock valued at $74,913,000 after purchasing an additional 28,774 shares in the last quarter. Institutional investors own 89.90% of the company’s stock.

PulteGroup Stock Down 0.3 %

NYSE:PHM opened at $139.97 on Friday. The company has a market cap of $29.05 billion, a PE ratio of 11.21, a P/E/G ratio of 0.59 and a beta of 1.62. PulteGroup, Inc. has a twelve month low of $68.80 and a twelve month 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’s 50 day moving average is $130.25 and its two-hundred day moving average is $119.18.

PulteGroup (NYSE:PHM) last released its earnings results on Tuesday, July 23rd. The construction company reported $3.83 earnings per share for the quarter, topping 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%. PulteGroup’s revenue was up 9.8% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $3.00 EPS. Analysts anticipate 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. Shareholders of record on Tuesday, September 17th will be issued a $0.20 dividend. This represents a $0.80 annualized dividend and a yield of 0.57%. The ex-dividend date is Tuesday, September 17th. PulteGroup’s payout ratio is 6.41%.

Insiders Place Their Bets

In other PulteGroup news, CFO Robert Oshaughnessy sold 71,007 shares of the stock in a transaction dated Friday, August 23rd. The stock was sold at an average price of $134.83, for a total transaction of $9,573,873.81. Following the sale, the chief financial officer now directly owns 89,323 shares of the company’s stock, valued at approximately $12,043,420.09. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other PulteGroup news, CFO Robert Oshaughnessy sold 71,007 shares of the business’s stock in a transaction that occurred 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 completion of the transaction, the chief financial officer now directly owns 89,323 shares of the company’s stock, valued at $12,043,420.09. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Thomas J. Folliard sold 19,000 shares of the business’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 completion of the transaction, the director now owns 45,230 shares of the company’s stock, valued at $5,931,462.20. The disclosure for this sale can be found here. In the last three months, insiders have sold 119,000 shares of company stock valued at $15,814,039. Company insiders own 0.83% of the company’s stock.

Analysts Set New Price Targets

Several research firms have recently commented on PHM. Wedbush restated a “neutral” rating and issued a $115.00 price target on shares of PulteGroup in a report on Friday, August 16th. Wolfe Research lowered shares of PulteGroup from an “outperform” rating to a “peer perform” rating in a research note on Wednesday, August 14th. Bank of America boosted their price objective 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. BTIG Research boosted their price objective on shares of PulteGroup from $133.00 to $139.00 and gave the stock a “buy” rating in a research note on Wednesday, July 24th. Finally, Raymond James boosted their price objective on shares of PulteGroup from $135.00 to $145.00 and gave the stock an “outperform” rating in a research note on Thursday, July 25th. Six analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. According to data from MarketBeat, PulteGroup presently has a consensus rating of “Moderate Buy” and a consensus price target of $134.71.

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.