Trivant Custom Portfolio Group LLC Raises Position in PulteGroup, Inc. (NYSE:PHM)

Trivant Custom Portfolio Group LLC boosted its position in shares of PulteGroup, Inc. (NYSE:PHM) by 2.7% in the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 15,319 shares of the construction company’s stock after buying an additional 401 shares during the period. PulteGroup comprises 1.3% of Trivant Custom Portfolio Group LLC’s portfolio, making the stock its 28th biggest holding. Trivant Custom Portfolio Group LLC’s holdings in PulteGroup were worth $2,199,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in PHM. Stifel Financial Corp raised its stake in PulteGroup by 19.0% in the 4th quarter. Stifel Financial Corp now owns 62,706 shares of the construction company’s stock valued at $6,473,000 after purchasing an additional 10,014 shares during the last quarter. KBC Group NV boosted its stake in PulteGroup by 70.7% during the 4th quarter. KBC Group NV now owns 36,425 shares of the construction company’s stock worth $3,760,000 after purchasing an additional 15,084 shares during the last quarter. Royal London Asset Management Ltd. grew its holdings in shares of PulteGroup by 2.1% during the fourth quarter. Royal London Asset Management Ltd. now owns 96,709 shares of the construction company’s stock worth $9,982,000 after buying an additional 2,022 shares in the last quarter. Tower Research Capital LLC TRC raised its position in shares of PulteGroup by 478.1% in the fourth quarter. Tower Research Capital LLC TRC now owns 30,287 shares of the construction company’s stock valued at $3,126,000 after buying an additional 25,048 shares during the last quarter. Finally, Public Employees Retirement Association of Colorado lifted its stake in shares of PulteGroup by 161.7% in the fourth quarter. Public Employees Retirement Association of Colorado now owns 27,882 shares of the construction company’s stock worth $2,878,000 after buying an additional 17,229 shares in the last quarter. Hedge funds and other institutional investors own 89.90% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on PHM shares. Oppenheimer upped their price objective on shares of PulteGroup from $151.00 to $168.00 and gave the company an “outperform” rating in a research note on Wednesday. Raymond James boosted their price target on shares of PulteGroup from $135.00 to $145.00 and gave the company an “outperform” rating in a research report on Thursday, July 25th. Wedbush reissued a “neutral” rating and issued a $115.00 price target on shares of PulteGroup in a research note on Friday, August 16th. Evercore ISI lifted their price target on shares of PulteGroup from $183.00 to $189.00 and gave the company an “outperform” rating in a research report on Monday, July 15th. Finally, Citigroup lowered their price objective on PulteGroup from $129.00 to $117.00 and set a “neutral” rating for the company in a research report on Tuesday, July 2nd. Six equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $135.93.

Insider Buying and Selling at PulteGroup

In other news, Director Thomas J. Folliard sold 19,000 shares of the business’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 directly owns 45,230 shares of the company’s stock, valued at approximately $5,931,462.20. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. In related news, Director Thomas J. Folliard sold 19,000 shares of the stock in a transaction on Wednesday, August 28th. The stock was 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 of the company’s stock, valued at $5,931,462.20. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CFO Robert Oshaughnessy sold 71,007 shares of the firm’s stock in a transaction on Friday, August 23rd. The shares were sold at an average price of $134.83, for a total value 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. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 119,000 shares of company stock valued at $15,814,039 in the last quarter. Corporate insiders own 0.83% of the company’s stock.

PulteGroup Trading Down 2.5 %

PulteGroup stock traded down $3.53 during midday trading on Friday, reaching $139.44. 1,457,686 shares of the stock traded hands, compared to its average volume of 1,851,521. The firm has a market cap of $28.94 billion, a PE ratio of 11.16, a price-to-earnings-growth 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 company has a 50-day simple moving average of $132.62 and a two-hundred day simple moving average of $120.64. PulteGroup, Inc. has a 12-month low of $68.80 and a 12-month high of $145.84.

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

PulteGroup Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, October 2nd. Investors of record on Tuesday, September 17th were issued a $0.20 dividend. The ex-dividend date was Tuesday, September 17th. This represents a $0.80 dividend on an annualized basis and a yield of 0.57%. PulteGroup’s dividend payout ratio (DPR) is presently 6.41%.

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.