Junto Capital Management LP Sells 68,901 Shares of PulteGroup, Inc. $PHM

Junto Capital Management LP decreased its stake in PulteGroup, Inc. (NYSE:PHM) by 12.0% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 503,167 shares of the construction company’s stock after selling 68,901 shares during the period. Junto Capital Management LP owned 0.26% of PulteGroup worth $66,483,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently made changes to their positions in the company. Twin Peaks Wealth Advisors LLC bought a new stake in PulteGroup in the second quarter valued at approximately $32,000. Rexford Capital Inc. bought a new position in PulteGroup during the 2nd quarter worth approximately $35,000. Private Wealth Management Group LLC raised its holdings in PulteGroup by 281.7% during the 3rd quarter. Private Wealth Management Group LLC now owns 271 shares of the construction company’s stock worth $36,000 after purchasing an additional 200 shares during the last quarter. True Wealth Design LLC lifted its position in shares of PulteGroup by 229.6% in the 3rd quarter. True Wealth Design LLC now owns 356 shares of the construction company’s stock worth $47,000 after purchasing an additional 248 shares during the period. Finally, SJS Investment Consulting Inc. lifted its position in shares of PulteGroup by 1,423.1% in the 3rd quarter. SJS Investment Consulting Inc. now owns 396 shares of the construction company’s stock worth $52,000 after purchasing an additional 370 shares during the period. 89.90% of the stock is currently owned by institutional investors.

Insider Activity

In related news, insider Ryan Marshall sold 111,250 shares of the stock in a transaction on Thursday, February 5th. The stock was sold at an average price of $133.86, for a total value of $14,891,925.00. Following the transaction, the insider directly owned 659,392 shares in the company, valued at $88,266,213.12. This trade represents a 14.44% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP Todd N. Sheldon sold 14,220 shares of PulteGroup stock in a transaction on Friday, February 6th. The shares were sold at an average price of $135.01, for a total transaction of $1,919,842.20. Following the completion of the sale, the executive vice president directly owned 69,753 shares of the company’s stock, valued at approximately $9,417,352.53. The trade was a 16.93% decrease in their position. The SEC filing for this sale provides additional information. Over the last 90 days, insiders have sold 149,952 shares of company stock valued at $20,162,165. Corporate insiders own 0.76% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on PHM. Barclays set a $115.00 price objective on shares of PulteGroup in a research report on Monday, December 8th. JPMorgan Chase & Co. dropped their target price on shares of PulteGroup from $149.00 to $131.00 and set an “overweight” rating on the stock in a report on Tuesday, February 3rd. BTIG Research began coverage on shares of PulteGroup in a research report on Monday, December 1st. They set a “neutral” rating on the stock. Wells Fargo & Company lifted their price objective on PulteGroup from $132.00 to $150.00 and gave the stock an “overweight” rating in a research report on Wednesday, January 14th. Finally, Raymond James Financial reissued an “outperform” rating and issued a $145.00 price objective on shares of PulteGroup in a research note on Wednesday, February 4th. One equities research analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating, six have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, PulteGroup currently has an average rating of “Moderate Buy” and an average target price of $142.71.

PulteGroup Price Performance

Shares of NYSE PHM opened at $119.14 on Monday. The firm has a market capitalization of $22.91 billion, a P/E ratio of 10.71, a P/E/G ratio of 1.38 and a beta of 1.32. The firm’s 50-day moving average price is $131.06 and its 200-day moving average price is $127.45. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 0.13. PulteGroup, Inc. has a 1-year low of $88.07 and a 1-year high of $144.49.

PulteGroup Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, April 2nd. Shareholders of record on Tuesday, March 17th will be paid a $0.26 dividend. This represents a $1.04 dividend on an annualized basis and a yield of 0.9%. The ex-dividend date of this dividend is Tuesday, March 17th. PulteGroup’s dividend payout ratio (DPR) is 9.35%.

PulteGroup Profile

PulteGroup, Inc (NYSE: PHM) is a U.S.-based residential homebuilder that designs, constructs and sells single-family homes and develops master-planned communities. The company operates multiple national and regional brands that target different buyer segments, including first-time buyers, move-up buyers and active-adult customers. Its operations encompass land acquisition and development, home design and construction, community amenities and ongoing customer service and warranty programs.

PulteGroup markets homes under several well-known brands, such as Pulte Homes, Centex and Del Webb, among others, offering a range of product types from entry-level detached homes to larger, higher-end residences and age-restricted active-adult communities.