PulteGroup, Inc. (NYSE:PHM) Shares Bought by Exchange Traded Concepts LLC

Exchange Traded Concepts LLC raised its holdings in PulteGroup, Inc. (NYSE:PHM) by 145.9% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,098 shares of the construction company’s stock after buying an additional 3,025 shares during the period. Exchange Traded Concepts LLC’s holdings in PulteGroup were worth $732,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently bought and sold shares of PHM. Benjamin Edwards Inc. acquired a new stake in PulteGroup in the first quarter valued at $26,000. WR Wealth Planners LLC increased its position in shares of PulteGroup by 54.7% during the second quarter. WR Wealth Planners LLC now owns 232 shares of the construction company’s stock worth $26,000 after purchasing an additional 82 shares in the last quarter. LRI Investments LLC acquired a new stake in shares of PulteGroup during the first quarter worth about $28,000. Rothschild Investment LLC acquired a new stake in shares of PulteGroup during the second quarter worth about $31,000. Finally, Candriam S.C.A. acquired a new stake in shares of PulteGroup during the second quarter worth about $33,000. 89.90% of the stock is currently owned by institutional investors and hedge funds.

PulteGroup Price Performance

Shares of NYSE:PHM opened at $149.14 on Friday. The business’s fifty day moving average price is $135.79 and its two-hundred day moving average price is $122.43. The stock has a market cap of $30.95 billion, a PE ratio of 11.38, a price-to-earnings-growth ratio of 0.58 and a beta of 1.62. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.76 and a current ratio of 0.76. PulteGroup, Inc. has a one year low of $68.80 and a one year high of $149.32.

PulteGroup (NYSE:PHM) last announced its earnings results on Tuesday, July 23rd. The construction company reported $3.83 EPS for the quarter, beating analysts’ consensus estimates of $3.27 by $0.56. The firm had revenue of $4.60 billion for the quarter, compared to analysts’ expectations of $4.49 billion. PulteGroup had a return on equity of 25.67% and a net margin of 16.75%. PulteGroup’s quarterly revenue was up 9.8% on a year-over-year basis. During the same quarter in the prior year, the firm earned $3.00 EPS. On average, analysts forecast that PulteGroup, Inc. will post 12.9 EPS for the current fiscal year.

PulteGroup Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, October 2nd. Shareholders of record on Tuesday, September 17th were issued a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a yield of 0.54%. The ex-dividend date was Tuesday, September 17th. PulteGroup’s dividend payout ratio (DPR) is presently 6.10%.

Analyst Ratings Changes

A number of research firms have recently commented on PHM. Royal Bank of Canada lifted their target price on PulteGroup from $113.00 to $120.00 and gave the stock a “sector perform” rating in a research report on Wednesday, July 24th. Raymond James lifted their target price on PulteGroup from $135.00 to $145.00 and gave the stock an “outperform” rating in a research report on Thursday, July 25th. JPMorgan Chase & Co. lifted their target price on PulteGroup from $141.00 to $152.00 and gave the stock an “overweight” rating in a research report on Thursday, July 25th. BTIG Research lifted their target price on PulteGroup from $133.00 to $139.00 and gave the stock a “buy” rating in a research report on Wednesday, July 24th. Finally, Oppenheimer upped their price objective on PulteGroup from $151.00 to $168.00 and gave the company an “outperform” rating in a research note on Wednesday, October 2nd. Six analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. Based on data from MarketBeat.com, PulteGroup presently has a consensus rating of “Moderate Buy” and an average price target of $141.14.

Insider Buying and Selling at PulteGroup

In other PulteGroup news, 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 in the company, valued at approximately $20,729,065.70. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In other PulteGroup news, 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 transaction, the chief financial officer now owns 160,330 shares of the company’s stock, valued at $20,729,065.70. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, 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 directly owns 45,230 shares in the company, valued at approximately $5,931,462.20. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 119,000 shares of company stock worth $15,814,039. 0.75% of the stock is owned by insiders.

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.