NorthCrest Asset Manangement LLC Has $17.74 Million Stock Holdings in PulteGroup, Inc. (NYSE:PHM)

NorthCrest Asset Manangement LLC boosted its position in PulteGroup, Inc. (NYSE:PHM) by 2.3% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 123,595 shares of the construction company’s stock after buying an additional 2,780 shares during the quarter. NorthCrest Asset Manangement LLC owned approximately 0.06% of PulteGroup worth $17,740,000 at the end of the most recent reporting period.

Several other institutional investors have also recently bought and sold shares of PHM. Forsta AP Fonden boosted its position in shares of PulteGroup by 19.7% in the third quarter. Forsta AP Fonden now owns 44,300 shares of the construction company’s stock valued at $6,358,000 after acquiring an additional 7,300 shares during the period. Cromwell Holdings LLC raised its stake in PulteGroup by 17.2% during the 3rd quarter. Cromwell Holdings LLC now owns 565 shares of the construction company’s stock valued at $81,000 after purchasing an additional 83 shares during the last quarter. Heritage Oak Wealth Advisors LLC bought a new stake in PulteGroup in the 3rd quarter valued at $490,000. Assenagon Asset Management S.A. grew its position in PulteGroup by 97.3% in the 3rd quarter. Assenagon Asset Management S.A. now owns 46,603 shares of the construction company’s stock worth $6,689,000 after purchasing an additional 22,982 shares during the last quarter. Finally, Bogart Wealth LLC increased its holdings in shares of PulteGroup by 44.6% during the 3rd quarter. Bogart Wealth LLC now owns 45,813 shares of the construction company’s stock worth $6,576,000 after purchasing an additional 14,131 shares during the period. Institutional investors own 89.90% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on the company. 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. increased their price objective on shares of PulteGroup from $141.00 to $152.00 and gave the company an “overweight” rating in a research note on Thursday, July 25th. Citigroup reduced their price objective on shares of PulteGroup from $129.00 to $117.00 and set a “neutral” rating for the company in a report on Tuesday, July 2nd. BTIG Research upped their target price on shares of PulteGroup from $139.00 to $156.00 and gave the company a “buy” rating in a research note on Wednesday. Finally, Royal Bank of Canada raised their price target on shares of PulteGroup from $113.00 to $120.00 and gave the stock a “sector perform” rating in a research note on Wednesday, July 24th. Six equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $145.00.

PulteGroup Trading Down 2.5 %

Shares of NYSE PHM traded down $3.37 during midday trading on Friday, hitting $132.47. The stock had a trading volume of 1,655,389 shares, compared to its average volume of 1,837,436. The company has a debt-to-equity ratio of 0.14, a current ratio of 0.73 and a quick ratio of 0.76. PulteGroup, Inc. has a fifty-two week low of $71.20 and a fifty-two week high of $149.47. The firm has a market cap of $27.86 billion, a P/E ratio of 10.61, a price-to-earnings-growth ratio of 0.55 and a beta of 1.62. The company’s 50-day simple moving average is $137.14 and its 200 day simple moving average is $123.16.

PulteGroup (NYSE:PHM) last released its earnings results on Tuesday, October 22nd. The construction company reported $3.35 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.10 by $0.25. PulteGroup had a net margin of 16.64% and a return on equity of 25.30%. The company had revenue of $4.48 billion for the quarter, compared to the consensus estimate of $4.27 billion. During the same period in the prior year, the company posted $2.90 EPS. The company’s revenue was up 11.8% compared to the same quarter last year. Research analysts anticipate that PulteGroup, Inc. will post 12.9 EPS for the current year.

PulteGroup Dividend Announcement

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 $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a dividend yield of 0.60%. The ex-dividend date of this dividend was Tuesday, September 17th. PulteGroup’s dividend payout ratio (DPR) is currently 6.41%.

Insider Transactions at PulteGroup

In other PulteGroup news, Director Thomas J. Folliard sold 19,000 shares of the stock in a transaction dated 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 approximately $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 can be accessed through the SEC website. In other news, Director Thomas J. Folliard sold 19,000 shares of the company’s stock in a transaction dated 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 completion of the sale, the director now directly owns 45,230 shares of the company’s stock, valued at $5,931,462.20. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CFO Robert Oshaughnessy sold 71,007 shares of the stock in a transaction on 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 sale, the chief financial officer now 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 disclosure for this sale can be found here. Insiders have sold 119,000 shares of company stock worth $15,814,039 in the last three months. Insiders own 0.83% of the company’s stock.

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.