Bogart Wealth LLC Raises Holdings in PulteGroup, Inc. (NYSE:PHM)

Bogart Wealth LLC grew its position in shares of PulteGroup, Inc. (NYSE:PHM) by 44.6% in the 3rd quarter, HoldingsChannel.com reports. The fund owned 45,813 shares of the construction company’s stock after acquiring an additional 14,131 shares during the period. Bogart Wealth LLC’s holdings in PulteGroup were worth $6,576,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of PHM. WR Wealth Planners LLC lifted its holdings in shares of PulteGroup by 54.7% during the 2nd 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 in the last quarter. LRI Investments LLC acquired a new stake in shares of PulteGroup in the first quarter valued at about $28,000. Rothschild Investment LLC purchased a new stake in shares of PulteGroup during the 2nd quarter valued at about $31,000. Candriam S.C.A. acquired a new position in PulteGroup during the 2nd quarter worth approximately $33,000. Finally, Continuum Advisory LLC grew its position in PulteGroup by 94.5% in the second quarter. Continuum Advisory LLC now owns 317 shares of the construction company’s stock valued at $35,000 after acquiring an additional 154 shares in the last quarter. 89.90% of the stock is currently owned by hedge funds and other institutional investors.

PulteGroup Stock Performance

Shares of PHM traded up $2.80 during midday trading on Thursday, hitting $135.96. 485,517 shares of the stock traded hands, compared to its average volume of 1,830,843. The business’s 50 day moving average price is $136.67 and its two-hundred day moving average price is $122.95. The firm has a market capitalization of $28.21 billion, a PE ratio of 10.16, a price-to-earnings-growth ratio of 0.61 and a beta of 1.62. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.76 and a current ratio of 0.76. PulteGroup, Inc. has a 1-year low of $70.21 and a 1-year high of $149.47.

PulteGroup (NYSE:PHM) last posted its earnings results on Tuesday, October 22nd. The construction company reported $3.35 EPS for the quarter, topping the consensus estimate of $3.10 by $0.25. The firm had revenue of $4.48 billion during the quarter, compared to analysts’ expectations of $4.27 billion. PulteGroup had a net margin of 16.75% and a return on equity of 25.67%. PulteGroup’s quarterly revenue was up 11.8% on a year-over-year basis. During the same quarter in the prior year, the firm earned $2.90 EPS. Equities research analysts predict that PulteGroup, Inc. will post 12.9 EPS for the current fiscal year.

PulteGroup Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, October 2nd. Stockholders of record on Tuesday, September 17th were issued a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a dividend yield of 0.59%. The ex-dividend date of this dividend was Tuesday, September 17th. PulteGroup’s dividend payout ratio (DPR) is 6.10%.

Analysts Set New Price Targets

A number of equities analysts have commented on PHM shares. Royal Bank of Canada boosted their price objective on shares of PulteGroup from $113.00 to $120.00 and gave the stock a “sector perform” rating in a report on Wednesday, July 24th. Oppenheimer lowered their price objective on PulteGroup from $168.00 to $165.00 and set an “outperform” rating for the company in a research note on Wednesday. Bank of America lifted their price objective on PulteGroup from $138.00 to $160.00 and gave the stock a “buy” rating in a report on Thursday, September 19th. Evercore ISI reduced their target price on PulteGroup from $198.00 to $195.00 and set an “outperform” rating for the company in a research note on Wednesday. Finally, UBS Group raised their price objective on shares of PulteGroup from $148.00 to $154.00 and gave the stock a “neutral” rating in a report on Wednesday. Six equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $145.00.

Insiders Place Their Bets

In other news, Director Thomas J. Folliard sold 19,000 shares of the company’s stock in a transaction on Wednesday, August 28th. The stock was sold at an average price of $131.14, for a total value of $2,491,660.00. Following the completion of the sale, the director now owns 45,230 shares in the company, valued at $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 SEC, which is available through this link. In related news, Director Thomas J. Folliard sold 19,000 shares of PulteGroup stock in a transaction on Wednesday, August 28th. The stock was sold at an average price of $131.14, for a total value of $2,491,660.00. Following the transaction, the director now directly owns 45,230 shares in the company, valued at $5,931,462.20. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available 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 value of $9,573,873.81. Following the sale, the chief financial officer now directly owns 89,323 shares in the company, 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. In the last three months, insiders have sold 119,000 shares of company stock worth $15,814,039. 0.83% of the stock is owned by corporate insiders.

PulteGroup Company 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.