V Square Quantitative Management LLC Boosts Stock Holdings in PulteGroup, Inc. (NYSE:PHM)

V Square Quantitative Management LLC lifted its position in shares of PulteGroup, Inc. (NYSE:PHM) by 18.3% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 6,093 shares of the construction company’s stock after buying an additional 944 shares during the period. V Square Quantitative Management LLC’s holdings in PulteGroup were worth $875,000 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in PHM. Blair William & Co. IL raised its holdings in shares of PulteGroup by 1.9% in the 1st quarter. Blair William & Co. IL now owns 27,269 shares of the construction company’s stock worth $3,289,000 after purchasing an additional 516 shares during the period. Banque Cantonale Vaudoise lifted its position in PulteGroup by 166.6% during the first quarter. Banque Cantonale Vaudoise now owns 13,146 shares of the construction company’s stock valued at $1,586,000 after buying an additional 8,215 shares in the last quarter. State Board of Administration of Florida Retirement System increased its position in shares of PulteGroup by 6.2% in the first quarter. State Board of Administration of Florida Retirement System now owns 297,544 shares of the construction company’s stock worth $35,890,000 after acquiring an additional 17,369 shares in the last quarter. Sumitomo Mitsui Trust Holdings Inc. raised its stake in shares of PulteGroup by 4.9% in the 1st quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 621,064 shares of the construction company’s stock valued at $74,913,000 after acquiring an additional 28,774 shares during the period. Finally, Lazard Asset Management LLC lifted its holdings in shares of PulteGroup by 1.1% during the 1st quarter. Lazard Asset Management LLC now owns 464,217 shares of the construction company’s stock valued at $55,993,000 after acquiring an additional 5,022 shares in the last quarter. 89.90% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other PulteGroup news, CFO Robert Oshaughnessy sold 71,007 shares of PulteGroup stock in a transaction that occurred on Friday, August 23rd. The stock was 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 in the company, valued at $12,043,420.09. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. In other PulteGroup news, CFO Robert Oshaughnessy sold 71,007 shares of the firm’s stock in a transaction on Friday, August 23rd. The stock was sold at an average price of $134.83, for a total value of $9,573,873.81. Following the sale, the chief financial officer now directly owns 89,323 shares in the company, valued at approximately $12,043,420.09. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. 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 transaction, the director now directly owns 45,230 shares of the company’s stock, valued at approximately $5,931,462.20. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 119,000 shares of company stock worth $15,814,039 over the last quarter. 0.75% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

Several research analysts have commented on PHM shares. Wells Fargo & Company raised their price objective on PulteGroup from $150.00 to $165.00 and gave the company an “overweight” rating in a research report on Monday, October 7th. Citigroup decreased their price target on PulteGroup from $129.00 to $117.00 and set a “neutral” rating for the company in a report on Tuesday, July 2nd. Evercore ISI lifted their price objective 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. BTIG Research upped their target price on shares of PulteGroup from $133.00 to $139.00 and gave the company a “buy” rating in a research note on Wednesday, July 24th. Finally, Wolfe Research downgraded shares of PulteGroup from an “outperform” rating to a “peer perform” rating in a research note on Wednesday, August 14th. Six investment 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, PulteGroup currently has an average rating of “Moderate Buy” and a consensus target price of $141.14.

PulteGroup Trading Up 2.2 %

NYSE:PHM opened at $149.14 on Friday. The company has a market cap of $30.95 billion, a PE ratio of 11.38, a P/E/G ratio of 0.58 and a beta of 1.62. The business’s 50 day moving average is $135.79 and its two-hundred day moving average is $122.43. 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 52 week low of $68.80 and a 52 week high of $149.32.

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

PulteGroup Announces Dividend

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

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.