Kathmere Capital Management LLC Buys 821 Shares of PulteGroup, Inc. (NYSE:PHM)

Kathmere Capital Management LLC grew its stake in shares of PulteGroup, Inc. (NYSE:PHM) by 26.1% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 3,965 shares of the construction company’s stock after acquiring an additional 821 shares during the period. Kathmere Capital Management LLC’s holdings in PulteGroup were worth $437,000 at the end of the most recent quarter.

A number of other institutional investors also recently made changes to their positions in PHM. WR Wealth Planners LLC grew its stake in shares of PulteGroup by 54.7% in the second quarter. WR Wealth Planners LLC now owns 232 shares of the construction company’s stock valued at $26,000 after acquiring an additional 82 shares in the last quarter. Lebenthal Global Advisors LLC raised its position in shares of PulteGroup by 3.9% in the second quarter. Lebenthal Global Advisors LLC now owns 2,329 shares of the construction company’s stock valued at $256,000 after buying an additional 87 shares in the last quarter. Tocqueville Asset Management L.P. boosted its stake in shares of PulteGroup by 2.0% in the first quarter. Tocqueville Asset Management L.P. now owns 5,092 shares of the construction company’s stock valued at $614,000 after buying an additional 101 shares during the period. Patten Group Inc. grew its position in PulteGroup by 2.9% during the second quarter. Patten Group Inc. now owns 3,805 shares of the construction company’s stock worth $419,000 after buying an additional 109 shares in the last quarter. Finally, NBC Securities Inc. increased its stake in PulteGroup by 2.4% during the 1st quarter. NBC Securities Inc. now owns 4,774 shares of the construction company’s stock worth $575,000 after acquiring an additional 112 shares during the period. Institutional investors own 89.90% of the company’s stock.

PulteGroup Stock Performance

Shares of PHM stock opened at $143.17 on Friday. The firm has a market capitalization of $29.71 billion, a price-to-earnings ratio of 11.46, a PEG ratio of 0.58 and a beta of 1.62. 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 business’s 50-day moving average price is $130.92 and its 200-day moving average price is $119.55. PulteGroup, Inc. has a 12 month low of $68.80 and a 12 month high of $145.84.

PulteGroup (NYSE:PHM) last posted its earnings results on Tuesday, July 23rd. The construction company reported $3.83 earnings per share for the quarter, topping analysts’ consensus estimates of $3.27 by $0.56. The firm had revenue of $4.60 billion for the quarter, compared to analyst estimates of $4.49 billion. PulteGroup had a net margin of 16.75% and a return on equity of 25.67%. The company’s revenue for the quarter was up 9.8% compared to the same quarter last year. During the same period in the previous year, the firm posted $3.00 EPS. Equities research analysts forecast that PulteGroup, Inc. will post 12.9 EPS for the current year.

PulteGroup Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, October 2nd. Investors of record on Tuesday, September 17th will be given a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a yield of 0.56%. The ex-dividend date is 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 the 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 owns 160,330 shares of the company’s stock, valued at $20,729,065.70. The sale was disclosed in a legal filing with the SEC, which is available at this link. In other news, Director Thomas J. Folliard sold 19,000 shares of the business’s 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 transaction, the director now owns 45,230 shares in the company, valued at approximately $5,931,462.20. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Robert Oshaughnessy sold 28,993 shares of the stock in a transaction 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 sale, the chief financial officer now owns 160,330 shares of the company’s stock, valued at $20,729,065.70. 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. 0.83% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on PHM. Royal Bank of Canada upped their target price on PulteGroup from $113.00 to $120.00 and gave the company a “sector perform” rating in a research report on Wednesday, July 24th. Wolfe Research downgraded shares of PulteGroup from an “outperform” rating to a “peer perform” rating in a research note on Wednesday, August 14th. Oppenheimer boosted their target price on shares of PulteGroup from $143.00 to $151.00 and gave the company an “outperform” rating in a research report on Wednesday, July 24th. Wedbush reiterated a “neutral” rating and set a $115.00 price target on shares of PulteGroup in a research report on Friday, August 16th. Finally, Barclays boosted their price objective on shares of PulteGroup from $131.00 to $150.00 and gave the company an “overweight” rating in a research report on Wednesday, July 24th. Six equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. According to data from MarketBeat.com, PulteGroup presently has an average rating of “Moderate Buy” and an average 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.