Kowal Investment Group LLC Takes Position in PulteGroup, Inc. (NYSE:PHM)

Kowal Investment Group LLC acquired a new stake in PulteGroup, Inc. (NYSE:PHM) in the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor acquired 1,807 shares of the construction company’s stock, valued at approximately $259,000.

A number of other large investors have also made changes to their positions in PHM. Benjamin Edwards Inc. bought a new stake in shares of PulteGroup in the 1st quarter valued at $26,000. WR Wealth Planners LLC increased its position in shares of PulteGroup by 54.7% in the 2nd 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 bought a new position in PulteGroup during the 1st quarter worth about $28,000. Rothschild Investment LLC bought a new position in PulteGroup during the 2nd quarter worth about $31,000. Finally, Candriam S.C.A. bought a new position in PulteGroup during the 2nd quarter worth about $33,000. Institutional investors own 89.90% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have issued reports on PHM shares. Raymond James increased their target price on PulteGroup from $135.00 to $145.00 and gave the stock an “outperform” rating in a report on Thursday, July 25th. Bank of America increased 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. Citigroup lowered their target price on PulteGroup from $129.00 to $117.00 and set a “neutral” rating for the company in a report on Tuesday, July 2nd. Oppenheimer increased their price objective on shares of PulteGroup from $151.00 to $168.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 2nd. Finally, JPMorgan Chase & Co. increased their price objective on shares of PulteGroup from $141.00 to $152.00 and gave the stock an “overweight” rating in a research note on Thursday, July 25th. Six research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $141.14.

PulteGroup Stock Down 0.6 %

Shares of PHM opened at $145.96 on Friday. PulteGroup, Inc. has a 12 month low of $68.80 and a 12 month high of $147.46. The firm’s 50 day moving average is $135.27 and its 200-day moving average is $122.22. The stock has a market capitalization of $30.70 billion, a PE ratio of 11.69, a P/E/G ratio of 0.57 and a beta of 1.62. 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 (NYSE:PHM) last announced its earnings results on Tuesday, July 23rd. The construction company reported $3.83 EPS for the quarter, topping 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 company had revenue of $4.60 billion for the quarter, compared to analysts’ expectations of $4.49 billion. During the same period last year, the firm earned $3.00 earnings per share. The business’s revenue for the quarter was up 9.8% on a year-over-year basis. Equities research analysts forecast that PulteGroup, Inc. will post 12.9 EPS for the current year.

PulteGroup Dividend Announcement

The company also recently disclosed 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 annualized dividend and a yield of 0.55%. PulteGroup’s dividend payout ratio is currently 6.41%.

Insider Buying and Selling at PulteGroup

In other PulteGroup news, CFO Robert Oshaughnessy sold 71,007 shares of the business’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 completion of the transaction, the chief financial officer now directly owns 89,323 shares in the company, valued at $12,043,420.09. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In other news, Director Thomas J. Folliard sold 19,000 shares of the company’s 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 completion of the transaction, the director now directly owns 45,230 shares in the company, valued at approximately $5,931,462.20. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Robert Oshaughnessy sold 71,007 shares of the company’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 transaction, the chief financial officer now owns 89,323 shares of the company’s stock, valued at $12,043,420.09. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 119,000 shares of company stock worth $15,814,039 over the last three months. Corporate insiders own 0.83% of the company’s stock.

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.