Roof Eidam Maycock Peralta LLC Invests $1.54 Million in PulteGroup, Inc. (NYSE:PHM)

Roof Eidam Maycock Peralta LLC purchased a new stake in PulteGroup, Inc. (NYSE:PHM) during the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 13,980 shares of the construction company’s stock, valued at approximately $1,539,000.

Several other large investors have also recently added to or reduced their stakes in the company. E Fund Management Hong Kong Co. Ltd. bought a new position in shares of PulteGroup in the first quarter valued at about $26,000. Benjamin Edwards Inc. bought a new position in shares of PulteGroup in the first quarter worth about $26,000. WR Wealth Planners LLC lifted its position in shares of PulteGroup by 54.7% during the second quarter. WR Wealth Planners LLC now owns 232 shares of the construction company’s stock worth $26,000 after purchasing an additional 82 shares in the last quarter. LRI Investments LLC bought a new stake in shares of PulteGroup during the first quarter valued at approximately $28,000. Finally, Rothschild Investment LLC acquired a new stake in shares of PulteGroup in the second quarter valued at approximately $31,000. 89.90% of the stock is owned by institutional investors.

Insider Activity

In related news, CFO Robert Oshaughnessy sold 71,007 shares of PulteGroup 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 sale, the chief financial officer now owns 89,323 shares of the company’s stock, valued at approximately $12,043,420.09. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. 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 transaction, the director now directly owns 45,230 shares of the company’s stock, valued at approximately $5,931,462.20. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CFO Robert Oshaughnessy sold 71,007 shares of PulteGroup 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 of the company’s stock, valued at approximately $12,043,420.09. The disclosure for this sale can be found here. Insiders sold a total of 119,000 shares of company stock valued at $15,814,039 in the last quarter. Company insiders own 0.83% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have commented on the company. Wedbush reiterated a “neutral” rating and issued a $115.00 price objective on shares of PulteGroup in a research report on Friday, August 16th. Evercore ISI lifted their price objective on PulteGroup from $183.00 to $189.00 and gave the stock an “outperform” rating in a research report on Monday, July 15th. BTIG Research upped their target price on shares of PulteGroup from $133.00 to $139.00 and gave the company a “buy” rating in a research report on Wednesday, July 24th. Barclays lifted their price target on shares of PulteGroup from $131.00 to $150.00 and gave the stock an “overweight” rating in a research report on Wednesday, July 24th. Finally, Raymond James increased their price objective on shares of PulteGroup from $135.00 to $145.00 and gave the company an “outperform” rating in a report on Thursday, July 25th. Six research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $133.14.

PulteGroup Price Performance

Shares of NYSE PHM opened at $130.00 on Monday. PulteGroup, Inc. has a fifty-two week low of $68.80 and a fifty-two week high of $136.47. The stock has a market capitalization of $26.98 billion, a price-to-earnings ratio of 10.42, a PEG ratio of 0.53 and a beta of 1.62. 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 business has a 50-day moving average of $122.82 and a 200-day moving average of $116.51.

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

PulteGroup Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, October 2nd. Shareholders of record on Tuesday, September 17th will be paid a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a yield of 0.62%. The ex-dividend date is Tuesday, September 17th. PulteGroup’s dividend payout ratio is currently 6.41%.

About PulteGroup

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.