HM Payson & Co. Acquires 340 Shares of PulteGroup, Inc. (NYSE:PHM)

HM Payson & Co. boosted its holdings in PulteGroup, Inc. (NYSE:PHM) by 4.8% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 7,457 shares of the construction company’s stock after purchasing an additional 340 shares during the period. HM Payson & Co.’s holdings in PulteGroup were worth $1,070,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also added to or reduced their stakes in the company. Fortitude Family Office LLC grew its holdings in shares of PulteGroup by 115.1% in the 3rd quarter. Fortitude Family Office LLC now owns 185 shares of the construction company’s stock valued at $27,000 after acquiring an additional 99 shares in the last quarter. WR Wealth Planners LLC grew its stake in shares of PulteGroup by 54.7% in the second quarter. WR Wealth Planners LLC now owns 232 shares of the construction company’s stock valued at $26,000 after buying an additional 82 shares in the last quarter. LRI Investments LLC acquired a new position in PulteGroup during the first quarter worth $28,000. Rothschild Investment LLC bought a new stake in PulteGroup during the second quarter worth $31,000. Finally, Candriam S.C.A. acquired a new stake in PulteGroup in the second quarter valued at $33,000. Institutional investors own 89.90% of the company’s stock.

Insider Activity

In related news, Director Thomas J. Folliard sold 19,000 shares of the stock in a transaction that occurred 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 sale, the director now owns 45,230 shares in the company, valued at approximately $5,931,462.20. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. In other PulteGroup news, 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 approximately $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 Securities & Exchange Commission, which can be accessed through the SEC website. Also, 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 transaction of $2,491,660.00. Following the completion of the transaction, the director now directly owns 45,230 shares of the company’s stock, valued at $5,931,462.20. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 0.83% of the company’s stock.

PulteGroup Stock Down 0.6 %

NYSE PHM opened at $129.53 on Friday. The company has a current ratio of 0.73, a quick ratio of 0.73 and a debt-to-equity ratio of 0.14. The company has a market cap of $26.56 billion, a price-to-earnings ratio of 9.55, a PEG ratio of 0.53 and a beta of 1.62. The company has a 50 day moving average of $137.45 and a 200-day moving average of $123.69. PulteGroup, Inc. has a 1-year low of $72.45 and a 1-year high of $149.47.

PulteGroup (NYSE:PHM) last released its earnings results on Tuesday, October 22nd. The construction company reported $3.35 earnings per share for the quarter, beating analysts’ consensus estimates of $3.10 by $0.25. PulteGroup had a return on equity of 25.30% and a net margin of 16.64%. The firm had revenue of $4.48 billion during 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. On average, equities research analysts expect that PulteGroup, Inc. will post 12.92 earnings per share for the current fiscal year.

PulteGroup Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, October 2nd. Shareholders of record on Tuesday, September 17th were issued a $0.20 dividend. This represents a $0.80 annualized dividend and a yield of 0.62%. The ex-dividend date was Tuesday, September 17th. PulteGroup’s dividend payout ratio is currently 5.90%.

Analysts Set New Price Targets

PHM has been the topic of a number of research analyst reports. Barclays upped their target price on shares of PulteGroup from $131.00 to $150.00 and gave the company an “overweight” rating in a report on Wednesday, July 24th. JPMorgan Chase & Co. raised their price objective on PulteGroup from $141.00 to $152.00 and gave the company an “overweight” rating in a research report on Thursday, July 25th. Bank of America boosted their target price on PulteGroup from $138.00 to $160.00 and gave the stock a “buy” rating in a report on Thursday, September 19th. Oppenheimer cut their price target on PulteGroup from $168.00 to $165.00 and set an “outperform” rating for the company in a report on Wednesday, October 23rd. Finally, Wolfe Research downgraded shares of PulteGroup from an “outperform” rating to a “peer perform” rating in a report on Wednesday, August 14th. Six research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. According to data from MarketBeat, PulteGroup has a consensus rating of “Moderate Buy” and a consensus price target of $145.00.

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.