Tyler Stone Wealth Management Has $1.66 Million Position in PulteGroup, Inc. (NYSE:PHM)

Tyler Stone Wealth Management increased its position in shares of PulteGroup, Inc. (NYSE:PHM) by 115.6% in the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 11,534 shares of the construction company’s stock after buying an additional 6,184 shares during the quarter. Tyler Stone Wealth Management’s holdings in PulteGroup were worth $1,655,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. WR Wealth Planners LLC raised its holdings in PulteGroup by 54.7% during the second quarter. WR Wealth Planners LLC now owns 232 shares of the construction company’s stock worth $26,000 after acquiring an additional 82 shares in the last quarter. Fortitude Family Office LLC raised its stake in shares of PulteGroup by 115.1% during the 3rd quarter. Fortitude Family Office LLC now owns 185 shares of the construction company’s stock worth $27,000 after purchasing an additional 99 shares in the last quarter. LRI Investments LLC acquired a new stake in shares of PulteGroup in the 1st quarter valued at approximately $28,000. Transcendent Capital Group LLC bought a new position in shares of PulteGroup in the third quarter valued at $29,000. Finally, Rothschild Investment LLC acquired a new position in PulteGroup during the second quarter worth $31,000. Institutional investors and hedge funds own 89.90% of the company’s stock.

Insider Buying and Selling at PulteGroup

In other news, CFO Robert Oshaughnessy sold 71,007 shares of the business’s 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 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 position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, CFO Robert Oshaughnessy sold 71,007 shares of PulteGroup 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 sale, the chief financial officer now directly 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 position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Thomas J. Folliard sold 19,000 shares of the company’s stock in a transaction that occurred 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 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 disclosure for this sale can be found here. Company insiders own 0.83% of the company’s stock.

PulteGroup Price Performance

Shares of PHM traded up $1.54 during trading hours on Friday, hitting $132.70. 1,599,269 shares of the company were exchanged, compared to its average volume of 1,846,435. The company has a quick ratio of 0.73, a current ratio of 0.73 and a debt-to-equity ratio of 0.14. PulteGroup, Inc. has a fifty-two week low of $80.60 and a fifty-two week high of $149.47. The company has a market cap of $27.21 billion, a price-to-earnings ratio of 9.79, a P/E/G ratio of 0.53 and a beta of 1.63. The firm’s fifty day moving average is $137.27 and its 200 day moving average is $124.69.

PulteGroup (NYSE:PHM) last announced its quarterly earnings data on Tuesday, October 22nd. The construction company reported $3.35 earnings per share (EPS) for the quarter, topping 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 firm 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 earnings per share. The business’s revenue for the quarter was up 11.8% on a year-over-year basis. On average, equities analysts anticipate that PulteGroup, Inc. will post 12.92 earnings per share for the current fiscal year.

PulteGroup Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, October 2nd. Shareholders of record on Tuesday, September 17th were paid a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a yield of 0.60%. The ex-dividend date of this dividend was Tuesday, September 17th. PulteGroup’s payout ratio is presently 5.90%.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on PHM. Wells Fargo & Company lifted their price objective on shares of PulteGroup from $150.00 to $165.00 and gave the company an “overweight” rating in a research report on Monday, October 7th. Evercore ISI lowered their price target on PulteGroup from $198.00 to $195.00 and set an “outperform” rating on the stock in a research report on Wednesday, October 23rd. Bank of America upped their price objective on PulteGroup from $138.00 to $160.00 and gave the company a “buy” rating in a research note on Thursday, September 19th. Wedbush reiterated a “neutral” rating and set a $115.00 target price on shares of PulteGroup in a research note on Tuesday, October 22nd. Finally, UBS Group increased their price target on PulteGroup from $148.00 to $154.00 and gave the company a “neutral” rating in a research note on Wednesday, October 23rd. Six analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $145.00.

About PulteGroup

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.