Ritholtz Wealth Management Acquires 5,950 Shares of PulteGroup, Inc. (NYSE:PHM)

Ritholtz Wealth Management raised its stake in shares of PulteGroup, Inc. (NYSE:PHM) by 11.6% in the third quarter, according to its most recent 13F filing with the SEC. The fund owned 57,061 shares of the construction company’s stock after purchasing an additional 5,950 shares during the period. Ritholtz Wealth Management’s holdings in PulteGroup were worth $8,190,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. GLOBALT Investments LLC GA purchased a new stake in PulteGroup in the 4th quarter valued at $1,451,000. V Square Quantitative Management LLC boosted its holdings in PulteGroup by 25.2% during the fourth quarter. V Square Quantitative Management LLC now owns 4,785 shares of the construction company’s stock worth $494,000 after purchasing an additional 962 shares during the last quarter. Centaurus Financial Inc. bought a new stake in PulteGroup in the 4th quarter worth about $153,000. Syon Capital LLC increased its stake in PulteGroup by 10.5% in the 4th quarter. Syon Capital LLC now owns 5,325 shares of the construction company’s stock valued at $550,000 after buying an additional 507 shares during the last quarter. Finally, American International Group Inc. lifted its position in shares of PulteGroup by 1.8% during the 4th quarter. American International Group Inc. now owns 59,102 shares of the construction company’s stock worth $6,101,000 after buying an additional 1,048 shares in the last quarter. 89.90% of the stock is owned by institutional investors.

PulteGroup Price Performance

Shares of PulteGroup stock traded up $0.54 on Friday, reaching $139.20. The stock had a trading volume of 785,776 shares, compared to its average volume of 1,833,708. The business’s 50 day moving average is $133.46 and its two-hundred day moving average is $121.49. The company has a current ratio of 0.76, a quick ratio of 0.76 and a debt-to-equity ratio of 0.15. PulteGroup, Inc. has a 1 year low of $68.80 and a 1 year high of $145.84. The company has a market cap of $28.89 billion, a P/E ratio of 10.62, a price-to-earnings-growth ratio of 0.57 and a beta of 1.62.

PulteGroup (NYSE:PHM) last announced its quarterly earnings results on Tuesday, July 23rd. The construction company reported $3.83 EPS for the quarter, beating the consensus estimate of $3.27 by $0.56. PulteGroup had a net margin of 16.75% and a return on equity of 25.67%. The firm had revenue of $4.60 billion during the quarter, compared to the consensus estimate of $4.49 billion. During the same period last year, the firm earned $3.00 EPS. The business’s quarterly revenue was up 9.8% compared to the same quarter last year. As a group, research analysts anticipate that PulteGroup, Inc. will post 12.9 EPS for the current year.

PulteGroup Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, October 2nd. Investors of record on Tuesday, September 17th were given a $0.20 dividend. The ex-dividend date was Tuesday, September 17th. This represents a $0.80 annualized dividend and a yield of 0.57%. PulteGroup’s dividend payout ratio (DPR) is presently 6.10%.

Insider Buying and Selling at PulteGroup

In related news, Director Thomas J. Folliard sold 19,000 shares of the firm’s 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 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 sale was disclosed in a filing with the SEC, which is accessible through this link. In related news, Director Thomas J. Folliard sold 19,000 shares of the 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 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, 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 sale, 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 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 over the last 90 days. Corporate insiders own 0.83% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on PHM. Raymond James upped their price objective on PulteGroup from $135.00 to $145.00 and gave the company an “outperform” rating in a research note on Thursday, July 25th. Wolfe Research downgraded shares of PulteGroup from an “outperform” rating to a “peer perform” rating in a report on Wednesday, August 14th. Oppenheimer boosted their target price on shares of PulteGroup from $151.00 to $168.00 and gave the company an “outperform” rating in a research note on Wednesday, October 2nd. Citigroup reduced their target price on shares of PulteGroup from $129.00 to $117.00 and set a “neutral” rating for the company in a research report on Tuesday, July 2nd. Finally, Barclays upped their price objective on PulteGroup from $131.00 to $150.00 and gave the company an “overweight” rating in a research note on Wednesday, July 24th. Six equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $141.14.

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.