Czech National Bank Has $6.07 Million Holdings in PulteGroup, Inc. (NYSE:PHM)

Czech National Bank lifted its stake in shares of PulteGroup, Inc. (NYSE:PHM) by 5.5% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 42,274 shares of the construction company’s stock after buying an additional 2,191 shares during the quarter. Czech National Bank’s holdings in PulteGroup were worth $6,068,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors also recently modified their holdings of the company. Swedbank AB bought a new position in PulteGroup during the first quarter worth $68,985,000. Hsbc Holdings PLC boosted its position in shares of PulteGroup by 19.6% during 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 in the last quarter. Pacer Advisors Inc. grew its stake in shares of PulteGroup by 8.6% in the 2nd quarter. Pacer Advisors Inc. now owns 2,968,788 shares of the construction company’s stock valued at $326,864,000 after buying an additional 235,826 shares during the period. Janney Montgomery Scott LLC increased its position in PulteGroup by 130.2% in the 1st quarter. Janney Montgomery Scott LLC now owns 388,298 shares of the construction company’s stock valued at $46,837,000 after buying an additional 219,609 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC raised its stake in PulteGroup by 40.9% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 733,804 shares of the construction company’s stock worth $88,511,000 after buying an additional 212,837 shares during the period. Institutional investors and hedge funds own 89.90% of the company’s stock.

Analysts Set New Price Targets

Several research firms have recently commented on PHM. Oppenheimer boosted their price objective on PulteGroup from $151.00 to $168.00 and gave the company an “outperform” rating in a report on Wednesday, October 2nd. Citigroup decreased their price target 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. Barclays raised their price objective on shares of PulteGroup from $131.00 to $150.00 and gave the company an “overweight” rating in a research note on Wednesday, July 24th. Wedbush reissued a “neutral” rating and set a $115.00 target price on shares of PulteGroup in a research report on Friday, August 16th. Finally, Evercore ISI upped their target price on shares of PulteGroup from $183.00 to $189.00 and gave the stock an “outperform” rating in a report on Monday, July 15th. Six research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, PulteGroup currently has a consensus rating of “Moderate Buy” and a consensus target price of $141.14.

Insider Buying and Selling

In other PulteGroup 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 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. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In related news, CFO Robert Oshaughnessy sold 71,007 shares of the firm’s stock in a transaction that occurred 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 transaction, the chief financial officer now directly owns 89,323 shares of the company’s stock, valued at approximately $12,043,420.09. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through 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 sale, the director now directly owns 45,230 shares in the company, valued at $5,931,462.20. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 119,000 shares of company stock valued at $15,814,039. 0.83% of the stock is owned by company insiders.

PulteGroup Stock Down 0.5 %

PHM stock opened at $138.65 on Friday. The stock has a market cap of $29.16 billion, a P/E ratio of 11.10, a P/E/G 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 stock’s fifty day simple moving average is $133.04 and its two-hundred day simple moving average is $121.21. PulteGroup, Inc. has a 1-year low of $68.80 and a 1-year high of $145.84.

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

PulteGroup Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, October 2nd. Stockholders of record on Tuesday, September 17th were paid a dividend of $0.20 per share. The ex-dividend date was Tuesday, September 17th. This represents a $0.80 annualized dividend and a dividend yield of 0.58%. PulteGroup’s payout ratio is currently 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.