AustralianSuper Pty Ltd Trims Stock Holdings in PulteGroup, Inc. (NYSE:PHM)

AustralianSuper Pty Ltd cut its holdings in shares of PulteGroup, Inc. (NYSE:PHM) by 8.8% during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 338,271 shares of the construction company’s stock after selling 32,661 shares during the quarter. AustralianSuper Pty Ltd owned approximately 0.16% of PulteGroup worth $48,552,000 at the end of the most recent quarter.

Other institutional investors also recently made changes to their positions in the company. US Bancorp DE increased its stake in shares of PulteGroup by 2.9% in the third quarter. US Bancorp DE now owns 14,746 shares of the construction company’s stock worth $2,117,000 after buying an additional 410 shares during the last quarter. HM Payson & Co. grew its holdings in PulteGroup by 4.8% during the 3rd quarter. HM Payson & Co. now owns 7,457 shares of the construction company’s stock worth $1,070,000 after acquiring an additional 340 shares in the last quarter. Measured Wealth Private Client Group LLC bought a new stake in shares of PulteGroup in the 3rd quarter worth about $244,000. Financial Advocates Investment Management acquired a new stake in shares of PulteGroup in the 3rd quarter valued at about $2,040,000. Finally, Fortitude Family Office LLC lifted its position in shares of PulteGroup by 115.1% during the third quarter. Fortitude Family Office LLC now owns 185 shares of the construction company’s stock worth $27,000 after purchasing an additional 99 shares during the last quarter. 89.90% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at PulteGroup

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 transaction of $9,573,873.81. Following the transaction, the chief financial officer now owns 89,323 shares in the company, valued at $12,043,420.09. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, Director Thomas J. Folliard sold 19,000 shares of the business’s 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 sale, the director now owns 45,230 shares of the company’s stock, valued at approximately $5,931,462.20. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Robert Oshaughnessy sold 71,007 shares of the firm’s stock in a transaction dated 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 transaction, the chief financial officer now directly owns 89,323 shares of the company’s stock, valued at $12,043,420.09. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 0.83% of the company’s stock.

PulteGroup Stock Performance

PHM stock traded down $0.94 on Thursday, reaching $129.32. The company’s stock had a trading volume of 430,579 shares, compared to its average volume of 1,835,215. The firm has a fifty day moving average of $137.44 and a two-hundred day moving average of $123.65. The company has a debt-to-equity ratio of 0.14, a current ratio of 0.73 and a quick ratio of 0.73. The company has a market capitalization of $26.52 billion, a P/E ratio of 10.43, a price-to-earnings-growth ratio of 0.54 and a beta of 1.62. PulteGroup, Inc. has a 52 week low of $72.45 and a 52 week high of $149.47.

PulteGroup (NYSE:PHM) last released its quarterly earnings results on Tuesday, October 22nd. The construction company reported $3.35 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.10 by $0.25. PulteGroup had a return on equity of 25.30% and a net margin of 16.64%. The company had revenue of $4.48 billion during the quarter, compared to analysts’ expectations of $4.27 billion. During the same quarter in the prior year, the business posted $2.90 earnings per share. The company’s revenue for the quarter was up 11.8% compared to the same quarter last year. As a group, analysts predict that PulteGroup, Inc. will post 12.98 EPS for the current fiscal year.

PulteGroup Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, October 2nd. Shareholders of record on Tuesday, September 17th were given a dividend of $0.20 per share. The ex-dividend date was Tuesday, September 17th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 0.62%. PulteGroup’s dividend payout ratio (DPR) is 6.41%.

Analysts Set New Price Targets

Several analysts recently weighed in on PHM shares. Oppenheimer lowered their price objective on PulteGroup from $168.00 to $165.00 and set an “outperform” rating for the company in a report on Wednesday, October 23rd. BTIG Research raised their price objective on PulteGroup from $139.00 to $156.00 and gave the stock a “buy” rating in a research note on Wednesday, October 23rd. Barclays boosted their target price 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. JPMorgan Chase & Co. raised their price target on shares of PulteGroup from $141.00 to $152.00 and gave the stock an “overweight” rating in a research report on Thursday, July 25th. Finally, Wolfe Research lowered shares of PulteGroup from an “outperform” rating to a “peer perform” rating in a report 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. Based on data from MarketBeat.com, PulteGroup presently has an average rating of “Moderate Buy” and a consensus price target of $145.00.

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.