Inspire Advisors LLC Has $955,000 Stock Position in PulteGroup, Inc. (NYSE:PHM)

Inspire Advisors LLC raised its stake in PulteGroup, Inc. (NYSE:PHM) by 199.6% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 6,655 shares of the construction company’s stock after acquiring an additional 4,434 shares during the quarter. Inspire Advisors LLC’s holdings in PulteGroup were worth $955,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in the stock. Swedbank AB acquired a new stake in shares of PulteGroup during the 1st quarter valued at $68,985,000. Hsbc Holdings PLC boosted its stake in shares of PulteGroup by 19.6% during the second quarter. Hsbc Holdings PLC now owns 1,529,698 shares of the construction company’s stock valued at $168,254,000 after purchasing an additional 250,937 shares in the last quarter. Pacer Advisors Inc. grew its holdings in shares of PulteGroup by 8.6% during the second quarter. Pacer Advisors Inc. now owns 2,968,788 shares of the construction company’s stock worth $326,864,000 after purchasing an additional 235,826 shares during the last quarter. Janney Montgomery Scott LLC increased its stake in shares of PulteGroup by 130.2% in the first quarter. Janney Montgomery Scott LLC now owns 388,298 shares of the construction company’s stock valued at $46,837,000 after buying an additional 219,609 shares during the period. Finally, Allspring Global Investments Holdings LLC raised its holdings in PulteGroup by 40.9% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 733,804 shares of the construction company’s stock valued at $88,511,000 after buying an additional 212,837 shares during the last quarter. Institutional investors and hedge funds own 89.90% of the company’s stock.

Insider Buying and Selling

In other PulteGroup news, Director Thomas J. Folliard sold 19,000 shares of PulteGroup 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 transaction, the director now directly owns 45,230 shares of the company’s stock, valued at $5,931,462.20. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other PulteGroup 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 transaction, the director now owns 45,230 shares in the company, valued at $5,931,462.20. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Robert Oshaughnessy sold 71,007 shares of the business’s stock in a transaction dated Friday, August 23rd. The shares were sold at an average price of $134.83, for a total value of $9,573,873.81. Following the completion of the sale, the chief financial officer now owns 89,323 shares in the company, valued at $12,043,420.09. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 119,000 shares of company stock worth $15,814,039 in the last quarter. Insiders own 0.75% of the company’s stock.

PulteGroup Stock Up 0.7 %

Shares of PHM traded up $1.00 during trading hours on Friday, hitting $146.96. The stock had a trading volume of 468,072 shares, compared to its average volume of 1,815,974. The firm has a 50 day simple moving average of $135.27 and a 200-day simple moving average of $122.22. PulteGroup, Inc. has a 1-year low of $68.80 and a 1-year high of $147.46. The company has a debt-to-equity ratio of 0.15, a current ratio of 0.76 and a quick ratio of 0.76. The firm has a market capitalization of $30.50 billion, a P/E ratio of 11.13, a price-to-earnings-growth ratio of 0.58 and a beta of 1.62.

PulteGroup (NYSE:PHM) last released its quarterly earnings data on Tuesday, July 23rd. The construction company reported $3.83 EPS for the quarter, beating the consensus estimate of $3.27 by $0.56. PulteGroup had a return on equity of 25.67% and a net margin of 16.75%. The firm had revenue of $4.60 billion during the quarter, compared to the consensus estimate of $4.49 billion. During the same quarter in the previous year, the company posted $3.00 earnings per share. The company’s quarterly revenue was up 9.8% on a year-over-year basis. Sell-side analysts predict that PulteGroup, Inc. will post 12.9 EPS for the current fiscal year.

PulteGroup Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, October 2nd. Stockholders of record on Tuesday, September 17th were given a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a dividend yield of 0.54%. The ex-dividend date of this dividend was Tuesday, September 17th. PulteGroup’s payout ratio is presently 6.10%.

Analysts Set New Price Targets

PHM has been the subject of several recent research reports. Oppenheimer upped their price target on shares of PulteGroup from $151.00 to $168.00 and gave the company an “outperform” rating in a research report on Wednesday, October 2nd. Raymond James raised their target price on PulteGroup from $135.00 to $145.00 and gave the stock an “outperform” rating in a research report on Thursday, July 25th. Bank of America upped their price target on PulteGroup from $138.00 to $160.00 and gave the company a “buy” rating in a research report on Thursday, September 19th. Citigroup lowered their price objective on PulteGroup from $129.00 to $117.00 and set a “neutral” rating for the company in a research report on Tuesday, July 2nd. Finally, JPMorgan Chase & Co. upped their target price on PulteGroup from $141.00 to $152.00 and gave the company an “overweight” rating in a report on Thursday, July 25th. Six investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. According to MarketBeat, PulteGroup presently has a consensus rating of “Moderate Buy” and a consensus target price of $141.14.

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.