Oliver Luxxe Assets LLC Has $6.86 Million Holdings in PulteGroup, Inc. (NYSE:PHM)

Oliver Luxxe Assets LLC reduced its position in PulteGroup, Inc. (NYSE:PHM) by 10.9% during the 3rd quarter, HoldingsChannel.com reports. The firm owned 47,820 shares of the construction company’s stock after selling 5,859 shares during the quarter. PulteGroup makes up about 1.2% of Oliver Luxxe Assets LLC’s investment portfolio, making the stock its 16th largest holding. Oliver Luxxe Assets LLC’s holdings in PulteGroup were worth $6,864,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of the company. V Square Quantitative Management LLC increased its holdings in shares of PulteGroup by 25.2% during the 4th quarter. V Square Quantitative Management LLC now owns 4,785 shares of the construction company’s stock valued at $494,000 after acquiring an additional 962 shares during the last quarter. Centaurus Financial Inc. acquired a new position in shares of PulteGroup during the 4th quarter valued at about $153,000. Syon Capital LLC increased its holdings in shares of PulteGroup by 10.5% during the 4th quarter. Syon Capital LLC now owns 5,325 shares of the construction company’s stock valued at $550,000 after acquiring an additional 507 shares during the last quarter. American International Group Inc. increased its holdings 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 valued at $6,101,000 after acquiring an additional 1,048 shares during the last quarter. Finally, Scarborough Advisors LLC acquired a new position in shares of PulteGroup during the 4th quarter valued at about $44,000. 89.90% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at PulteGroup

In other news, CFO Robert Oshaughnessy sold 28,993 shares of the stock in a transaction that occurred on Thursday, August 1st. The stock was sold at an average price of $129.29, for a total value of $3,748,504.97. Following the completion of the transaction, the chief financial officer now directly owns 160,330 shares of the company’s stock, valued at approximately $20,729,065.70. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. In related news, CFO Robert Oshaughnessy sold 28,993 shares of the firm’s stock in a transaction on Thursday, August 1st. The stock was sold at an average price of $129.29, for a total transaction of $3,748,504.97. Following the completion of the sale, the chief financial officer now directly owns 160,330 shares of the company’s stock, valued at $20,729,065.70. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Thomas J. Folliard sold 19,000 shares of the firm’s stock in a transaction on Wednesday, August 28th. The shares were sold at an average price of $131.14, for a total value of $2,491,660.00. Following 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 ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 119,000 shares of company stock valued at $15,814,039. Corporate insiders own 0.83% of the company’s stock.

Analyst Ratings Changes

Several brokerages recently weighed in on PHM. Citigroup decreased their target price on PulteGroup from $129.00 to $117.00 and set a “neutral” rating for the company in a research note on Tuesday, July 2nd. Bank of America increased their target price on PulteGroup from $138.00 to $160.00 and gave the company a “buy” rating in a research note on Thursday, September 19th. Wolfe Research downgraded PulteGroup from an “outperform” rating to a “peer perform” rating in a research note on Wednesday, August 14th. BTIG Research increased their target price on PulteGroup from $133.00 to $139.00 and gave the company a “buy” rating in a research note on Wednesday, July 24th. Finally, Wedbush restated a “neutral” rating and set a $115.00 target price on shares of PulteGroup in a research note on Friday, August 16th. Six analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. According to MarketBeat, PulteGroup has an average rating of “Moderate Buy” and an average target price of $141.14.

PulteGroup Trading Up 0.4 %

Shares of PHM opened at $139.20 on Monday. PulteGroup, Inc. has a 1 year low of $68.80 and a 1 year high of $145.84. The company has a current ratio of 0.76, a quick ratio of 0.76 and a debt-to-equity ratio of 0.15. The stock has a 50 day simple moving average of $133.46 and a 200-day simple moving average of $121.55. The stock has a market cap of $29.28 billion, a PE ratio of 11.14, a PEG ratio of 0.57 and a beta of 1.62.

PulteGroup (NYSE:PHM) last issued its earnings results on Tuesday, July 23rd. The construction company reported $3.83 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.27 by $0.56. PulteGroup had a return on equity of 25.67% and a net margin of 16.75%. The business had revenue of $4.60 billion during the quarter, compared to analysts’ expectations of $4.49 billion. During the same period in the prior year, the firm posted $3.00 EPS. PulteGroup’s quarterly revenue was up 9.8% compared to the same quarter last year. On average, sell-side analysts predict that PulteGroup, Inc. will post 12.9 EPS for the current fiscal year.

PulteGroup Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, October 2nd. Stockholders of record on Tuesday, September 17th were issued a $0.20 dividend. The ex-dividend date of this dividend was Tuesday, September 17th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 0.57%. PulteGroup’s payout ratio is presently 6.41%.

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.