1 week Ago By ABMN Staff
National Bank of Canada FI lifted its position in PulteGroup, Inc. ( NYSE:PHM – Free Report ) by 9.5% during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC.
The firm owned 134,717 shares of the construction company’s stock after purchasing an additional 11,677 shares during the quarter. National Bank of Canada FI’s holdings in PulteGroup were worth $14,283,000 at the end of the most recent quarter. Several other institutional investors have also recently made changes to their positions in PHM.
E Fund Management Hong Kong Co. Ltd. bought a new position in PulteGroup in the first quarter valued at $26,000.
Benjamin Edwards Inc. bought a new position in PulteGroup in the first quarter valued at $26,000. WR Wealth Planners LLC increased its stake in PulteGroup by 54.
7% in the second quarter. WR Wealth Planners LLC now owns 232 shares of the construction company’s stock valued at $26,000 after acquiring an additional 82 shares during the last quarter. LRI Investments LLC bought a new position in PulteGroup in the first quarter valued at $28,000.
Finally, Rothschild Investment LLC bought a new position in shares of PulteGroup during the second quarter valued at about $31,000. Institutional investors own 89.90% of the company’s stock.
Wall Street Analyst Weigh In PHM has been the topic of a number of recent research reports. Barclays raised 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. Citigroup lowered their price objective on shares of PulteGroup from $129.00 to $117.
00 and set a “neutral” rating for the company in a report on Tuesday, July 2nd. Bank of America raised their target price on shares of PulteGroup from $135.00 to $138.
00 and gave the company a “buy” rating in a research note on Monday, July 22nd. Wedbush reaffirmed a “neutral” rating and set a $115.00 target price on shares of PulteGroup in a research note on Friday, August 16th.
Finally, Wolfe Research downgraded shares of PulteGroup from an “outperform” rating to a “peer perform” rating in a research note on Wednesday, August 14th. Six equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. According to data from MarketBeat.
com, PulteGroup has an average rating of “Moderate Buy” and a consensus target price of $133.14. Insider Activity at PulteGroup In other PulteGroup 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 transaction, the chief financial officer now owns 89,323 shares of the company’s stock, valued at $12,043,420.09. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website .
In other news, CFO Robert Oshaughnessy sold 71,007 shares of the firm’s stock in a transaction 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 in the company, valued at approximately $12,043,420.09.
The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website . 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 transaction of $2,491,660.00.
Following the sale, the director now owns 45,230 shares in the company, valued at $5,931,462.20. The disclosure for this sale can be found here .
Over the last three months, insiders have sold 119,000 shares of company stock worth $15,814,039. Corporate insiders own 0.83% of the company’s stock.
PulteGroup Trading Up 1.5 % NYSE:PHM opened at $130.20 on Friday.
The company has a market cap of $27.39 billion, a PE ratio of 10.42, a price-to-earnings-growth ratio of 0.
54 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.
The company has a 50 day simple moving average of $122.82 and a two-hundred day simple moving average of $116.42.
PulteGroup, Inc. has a 12 month low of $68.80 and a 12 month high of $136.
47. PulteGroup ( NYSE:PHM – Get Free Report ) last announced its earnings results on Tuesday, July 23rd. The construction company reported $3.
83 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.27 by $0.56.
The business had revenue of $4.60 billion for the quarter, compared to analysts’ expectations of $4.49 billion.
PulteGroup had a return on equity of 25.67% and a net margin of 16.75%.
The business’s revenue for the quarter was up 9.8% on a year-over-year basis. During the same period last year, the firm posted $3.
00 earnings per share. Research analysts forecast that PulteGroup, Inc. will post 12.
9 earnings per share for the current year. PulteGroup Announces Dividend The business also recently announced a quarterly dividend, which will be paid on Wednesday, October 2nd. Investors of record on Tuesday, September 17th will be issued a $0.
20 dividend. The ex-dividend date of this dividend is Tuesday, September 17th. This represents a $0.
80 dividend on an annualized basis and a yield of 0.61%. PulteGroup’s dividend payout ratio is currently 6.
41%. PulteGroup Profile ( Free Report ) 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. Featured Stories Want to see what other hedge funds are holding PHM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for PulteGroup, Inc.
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