3Chopt Investment Partners LLC Purchases 1,514 Shares of PulteGroup, Inc. (NYSE:PHM)

3Chopt Investment Partners LLC increased its position in shares of PulteGroup, Inc. (NYSE:PHM) by 6.2% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 26,079 shares of the construction company’s stock after buying an additional 1,514 shares during the period. PulteGroup accounts for approximately 0.9% of 3Chopt Investment Partners LLC’s holdings, making the stock its 27th biggest position. 3Chopt Investment Partners LLC’s holdings in PulteGroup were worth $2,876,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Putnam Investments LLC boosted its holdings in PulteGroup by 1.8% during the fourth quarter. Putnam Investments LLC now owns 11,008,695 shares of the construction company’s stock valued at $1,136,318,000 after acquiring an additional 197,656 shares during the period. Pacer Advisors Inc. lifted its holdings in shares of PulteGroup by 8.6% during the second quarter. Pacer Advisors Inc. now owns 2,968,788 shares of the construction company’s stock worth $326,864,000 after buying an additional 235,826 shares during the last quarter. Hsbc Holdings PLC grew its position in PulteGroup by 19.6% in the 2nd quarter. Hsbc Holdings PLC now owns 1,529,698 shares of the construction company’s stock worth $168,254,000 after purchasing an additional 250,937 shares during the last quarter. Los Angeles Capital Management LLC raised its holdings in PulteGroup by 0.5% in the 1st quarter. Los Angeles Capital Management LLC now owns 1,434,016 shares of the construction company’s stock valued at $172,971,000 after acquiring an additional 7,397 shares in the last quarter. Finally, Captrust Financial Advisors lifted its position in PulteGroup by 18.4% in the first quarter. Captrust Financial Advisors now owns 1,085,939 shares of the construction company’s stock worth $130,986,000 after purchasing an additional 168,746 shares during the period. 89.90% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

PHM has been the topic of several analyst reports. Citigroup lowered their price objective on PulteGroup from $129.00 to $117.00 and set a “neutral” rating on the stock in a research note on Tuesday, July 2nd. Raymond James boosted their price objective on PulteGroup from $135.00 to $145.00 and gave the stock an “outperform” rating in a research note on Thursday, July 25th. Wedbush reissued a “neutral” rating and set a $115.00 price objective on shares of PulteGroup in a report on Friday, August 16th. Evercore ISI increased their price target on shares of PulteGroup from $183.00 to $189.00 and gave the company an “outperform” rating in a research note on Monday, July 15th. Finally, Bank of America upped their price target on PulteGroup from $138.00 to $160.00 and gave the company a “buy” rating in a research note on Thursday, September 19th. Six investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $134.71.

Insider Transactions at PulteGroup

In other PulteGroup 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 sale, the director now directly owns 45,230 shares in the company, valued at approximately $5,931,462.20. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In related 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 value of $2,491,660.00. Following the completion of the transaction, the director now directly owns 45,230 shares of the company’s stock, valued at $5,931,462.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CFO Robert Oshaughnessy sold 71,007 shares of the company’s 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 directly owns 89,323 shares in the company, valued at $12,043,420.09. The disclosure for this sale can be found here. Insiders have sold a total of 119,000 shares of company stock valued at $15,814,039 over the last 90 days. 0.83% of the stock is owned by corporate insiders.

PulteGroup Stock Up 0.2 %

PulteGroup stock opened at $143.47 on Tuesday. The company has a 50 day moving average of $131.28 and a 200-day moving average of $119.87. The stock has a market capitalization of $29.77 billion, a PE ratio of 11.49, a price-to-earnings-growth ratio of 0.58 and a beta of 1.62. The company has a quick ratio of 0.76, a current ratio of 0.76 and a debt-to-equity ratio of 0.15. PulteGroup, Inc. has a twelve month low of $68.80 and a twelve month high of $145.84.

PulteGroup (NYSE:PHM) last posted its quarterly earnings data on Tuesday, July 23rd. The construction company reported $3.83 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.27 by $0.56. PulteGroup had a return on equity of 25.67% and a net margin of 16.75%. The business had revenue of $4.60 billion during the quarter, compared to the consensus estimate of $4.49 billion. During the same period last year, the company earned $3.00 earnings per share. PulteGroup’s quarterly revenue was up 9.8% on a year-over-year basis. On average, equities research analysts anticipate that PulteGroup, Inc. will post 12.9 EPS for the current fiscal year.

PulteGroup Announces Dividend

The firm also recently disclosed 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 dividend on an annualized basis and a dividend yield of 0.56%. PulteGroup’s dividend payout ratio (DPR) is presently 6.41%.

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.