PulteGroup, Inc. (NYSE:PHM) Shares Sold by AEGON ASSET MANAGEMENT UK Plc

AEGON ASSET MANAGEMENT UK Plc lessened its holdings in PulteGroup, Inc. (NYSE:PHM) by 0.2% during the third quarter, HoldingsChannel.com reports. The fund owned 178,502 shares of the construction company’s stock after selling 432 shares during the quarter. AEGON ASSET MANAGEMENT UK Plc’s holdings in PulteGroup were worth $25,617,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. Greenhaven Associates Inc. grew its stake in shares of PulteGroup by 0.3% during the third quarter. Greenhaven Associates Inc. now owns 5,593,179 shares of the construction company’s stock valued at $802,789,000 after acquiring an additional 16,871 shares in the last quarter. Pacer Advisors Inc. grew its holdings in PulteGroup by 8.6% during the 2nd quarter. Pacer Advisors Inc. now owns 2,968,788 shares of the construction company’s stock worth $326,864,000 after acquiring an additional 235,826 shares in the last quarter. Hsbc Holdings PLC raised its stake in shares of PulteGroup by 19.6% in the 2nd 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. Captrust Financial Advisors lifted its position in shares of PulteGroup by 18.4% during the first quarter. Captrust Financial Advisors now owns 1,085,939 shares of the construction company’s stock worth $130,986,000 after purchasing an additional 168,746 shares during the last quarter. Finally, Victory Capital Management Inc. grew its stake in PulteGroup by 5.9% in the second quarter. Victory Capital Management Inc. now owns 964,422 shares of the construction company’s stock worth $106,183,000 after purchasing an additional 53,924 shares in the last quarter. Hedge funds and other institutional investors own 89.90% of the company’s stock.

Wall Street Analyst Weigh In

PHM has been the topic of a number of research analyst reports. Barclays increased their target price on PulteGroup from $131.00 to $150.00 and gave the stock an “overweight” rating in a report on Wednesday, July 24th. JPMorgan Chase & Co. lifted their price objective on shares of PulteGroup from $141.00 to $152.00 and gave the stock an “overweight” rating in a report on Thursday, July 25th. Wedbush reissued a “neutral” rating and set a $115.00 target price on shares of PulteGroup in a report on Tuesday, October 22nd. Wells Fargo & Company lifted their price target on shares of PulteGroup from $150.00 to $165.00 and gave the company an “overweight” rating in a report on Monday, October 7th. Finally, Evercore ISI cut their target price on shares of PulteGroup from $198.00 to $195.00 and set an “outperform” rating on the stock in a report on Wednesday, October 23rd. Six investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $145.00.

PulteGroup Stock Up 1.2 %

PHM stock opened at $132.70 on Friday. The firm’s 50-day moving average is $137.27 and its two-hundred day moving average is $124.69. The company has a current ratio of 0.73, a quick ratio of 0.73 and a debt-to-equity ratio of 0.14. The company has a market capitalization of $27.21 billion, a price-to-earnings ratio of 9.79, a price-to-earnings-growth ratio of 0.53 and a beta of 1.63. PulteGroup, Inc. has a 52 week low of $80.60 and a 52 week high of $149.47.

PulteGroup (NYSE:PHM) last released its earnings results on Tuesday, October 22nd. The construction company reported $3.35 earnings per share for the quarter, topping analysts’ consensus estimates of $3.10 by $0.25. PulteGroup had a return on equity of 25.30% and a net margin of 16.64%. The firm had revenue of $4.48 billion during the quarter, compared to the consensus estimate of $4.27 billion. During the same period in the prior year, the firm posted $2.90 earnings per share. The firm’s revenue for the quarter was up 11.8% compared to the same quarter last year. On average, analysts forecast that PulteGroup, Inc. will post 12.92 earnings per share for the current fiscal year.

PulteGroup Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, October 2nd. Investors 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 yield of 0.60%. The ex-dividend date of this dividend was Tuesday, September 17th. PulteGroup’s payout ratio is currently 5.90%.

Insiders Place Their Bets

In other news, CFO Robert Oshaughnessy sold 71,007 shares of the firm’s stock in a transaction dated 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 owns 89,323 shares in the company, valued at approximately $12,043,420.09. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through 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 stock was sold at an average price of $131.14, for a total transaction of $2,491,660.00. Following the completion of the sale, the director now directly owns 45,230 shares of the company’s stock, valued at $5,931,462.20. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CFO Robert Oshaughnessy sold 71,007 shares of the stock in a transaction on 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 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 position. The disclosure for this sale can be found here. 0.83% of the stock is owned by company insiders.

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.