Impact Partnership Wealth LLC Increases Stock Position in PulteGroup, Inc. (NYSE:PHM)

Impact Partnership Wealth LLC grew its position in shares of PulteGroup, Inc. (NYSE:PHM) by 97.1% in the second quarter, HoldingsChannel reports. The firm owned 4,094 shares of the construction company’s stock after buying an additional 2,017 shares during the quarter. Impact Partnership Wealth LLC’s holdings in PulteGroup were worth $451,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. International Assets Investment Management LLC bought a new stake in PulteGroup in the 4th quarter worth approximately $2,103,000. Benjamin F. Edwards & Company Inc. raised its stake in PulteGroup by 4,151.3% during the fourth quarter. Benjamin F. Edwards & Company Inc. now owns 1,658 shares of the construction company’s stock valued at $171,000 after purchasing an additional 1,619 shares in the last quarter. U.S. Capital Wealth Advisors LLC bought a new position in PulteGroup during the fourth quarter valued at $213,000. Axxcess Wealth Management LLC purchased a new position in shares of PulteGroup in the 4th quarter worth $310,000. Finally, National Bank of Canada FI grew its stake in shares of PulteGroup by 5.2% in the 4th quarter. National Bank of Canada FI now owns 95,580 shares of the construction company’s stock worth $9,705,000 after buying an additional 4,729 shares in the last quarter. 89.90% of the stock is owned by institutional investors.

Analyst Ratings Changes

PHM has been the subject of a number of analyst reports. 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 report on Monday, July 15th. Citigroup lowered their price objective on PulteGroup from $129.00 to $117.00 and set a “neutral” rating for the company in a research note on Tuesday, July 2nd. Wedbush reissued a “neutral” rating and set a $115.00 target price on shares of PulteGroup in a research report on Friday, August 16th. JPMorgan Chase & Co. lifted their price objective on shares of PulteGroup from $141.00 to $152.00 and gave the stock an “overweight” rating in a research note on Thursday, July 25th. Finally, Oppenheimer increased their target price on shares of PulteGroup from $143.00 to $151.00 and gave the company an “outperform” rating in a research note on Wednesday, July 24th. Six analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $133.14.

Insider Activity

In other PulteGroup news, Director Thomas J. Folliard sold 19,000 shares of the company’s 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 sale, the director now owns 45,230 shares in the company, valued at $5,931,462.20. The transaction was disclosed in a document filed with the SEC, 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 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 sale, the director now owns 45,230 shares of the company’s stock, valued at $5,931,462.20. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CFO Robert Oshaughnessy sold 71,007 shares of the business’s stock in a transaction dated Friday, August 23rd. The stock was sold at an average price of $134.83, for a total transaction of $9,573,873.81. Following the completion of the transaction, the chief financial officer now owns 89,323 shares of the company’s stock, valued at $12,043,420.09. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 119,000 shares of company stock worth $15,814,039. Corporate insiders own 0.83% of the company’s stock.

PulteGroup Trading Down 0.5 %

Shares of NYSE PHM traded down $0.60 during trading hours on Thursday, reaching $127.69. The stock had a trading volume of 126,257 shares, compared to its average volume of 1,830,370. The business’s fifty day moving average price is $122.04 and its two-hundred day moving average price is $116.05. The firm has a market cap of $26.86 billion, a price-to-earnings ratio of 10.28, a P/E/G ratio of 0.54 and a beta of 1.62. PulteGroup, Inc. has a 52-week low of $68.80 and a 52-week high of $136.47. The company has a current ratio of 0.76, a quick ratio of 0.76 and a debt-to-equity ratio of 0.15.

PulteGroup (NYSE:PHM) last issued its earnings results on Tuesday, July 23rd. The construction company reported $3.83 earnings per share for the quarter, topping the consensus estimate of $3.27 by $0.56. The business had revenue of $4.60 billion during 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%. The business’s revenue for the quarter was up 9.8% compared to the same quarter last year. During the same period in the prior year, the business earned $3.00 EPS. Analysts expect that PulteGroup, Inc. will post 12.9 EPS for the current fiscal year.

PulteGroup Dividend Announcement

The firm also recently declared 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. This represents a $0.80 annualized dividend and a dividend yield of 0.63%. PulteGroup’s dividend payout ratio is currently 6.41%.

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.