PulteGroup, Inc. (NYSE:PHM) Shares Purchased by Westover Capital Advisors LLC

Westover Capital Advisors LLC boosted its position in shares of PulteGroup, Inc. (NYSE:PHM) by 17.7% in the second quarter, according to the company in its most recent filing with the SEC. The firm owned 7,253 shares of the construction company’s stock after acquiring an additional 1,091 shares during the quarter. Westover Capital Advisors LLC’s holdings in PulteGroup were worth $799,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in PHM. Envestnet Portfolio Solutions Inc. increased its holdings in PulteGroup by 86.2% in the 4th quarter. Envestnet Portfolio Solutions Inc. now owns 15,122 shares of the construction company’s stock worth $1,561,000 after buying an additional 6,999 shares during the period. Principal Financial Group Inc. raised its holdings in shares of PulteGroup by 35.1% during the fourth quarter. Principal Financial Group Inc. now owns 395,702 shares of the construction company’s stock worth $40,844,000 after purchasing an additional 102,775 shares during the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. lifted its position in PulteGroup by 1.5% during the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 209,506 shares of the construction company’s stock valued at $21,049,000 after purchasing an additional 3,137 shares during the period. Janney Montgomery Scott LLC boosted its holdings in PulteGroup by 381.3% in the fourth quarter. Janney Montgomery Scott LLC now owns 168,689 shares of the construction company’s stock valued at $17,412,000 after purchasing an additional 133,638 shares during the last quarter. Finally, Foundations Investment Advisors LLC acquired a new stake in PulteGroup during the 4th quarter worth about $275,000. Hedge funds and other institutional investors own 89.90% of the company’s stock.

Insider Transactions at PulteGroup

In related news, CFO Robert Oshaughnessy sold 28,993 shares of PulteGroup stock in a transaction that occurred on Thursday, August 1st. The stock was sold at an average price of $129.29, for a total transaction of $3,748,504.97. Following the transaction, the chief financial officer now owns 160,330 shares in the company, valued at $20,729,065.70. The sale was disclosed in a document filed with the SEC, which is accessible through this link. In other news, CFO Robert Oshaughnessy sold 28,993 shares of the firm’s stock in a transaction that occurred on Thursday, August 1st. The shares were sold at an average price of $129.29, for a total transaction of $3,748,504.97. Following the completion of the sale, the chief financial officer now owns 160,330 shares in the company, valued at approximately $20,729,065.70. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, 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 value of $2,491,660.00. Following the completion of the sale, the director now owns 45,230 shares in the company, valued at approximately $5,931,462.20. The disclosure for this sale can be found here. Insiders have sold a total of 119,000 shares of company stock worth $15,814,039 in the last ninety days. Insiders own 0.83% of the company’s stock.

Analyst Ratings Changes

Several research analysts recently weighed in on the company. Evercore ISI lifted their price target on PulteGroup from $183.00 to $189.00 and gave the company an “outperform” rating in a research report on Monday, July 15th. Bank of America boosted 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. JPMorgan Chase & Co. raised their price target on shares of PulteGroup from $141.00 to $152.00 and gave the company an “overweight” rating in a research report on Thursday, July 25th. Royal Bank of Canada upped their price objective on shares of PulteGroup from $113.00 to $120.00 and gave the stock a “sector perform” rating in a research report on Wednesday, July 24th. Finally, Raymond James raised their target price on PulteGroup from $135.00 to $145.00 and gave the company an “outperform” rating in a research report on Thursday, July 25th. Six analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. According to MarketBeat.com, PulteGroup has a consensus rating of “Moderate Buy” and an average price target of $133.14.

PulteGroup Stock Up 3.1 %

Shares of PHM opened at $139.54 on Friday. The stock has a 50 day moving average price of $125.73 and a 200 day moving average price of $117.35. PulteGroup, Inc. has a one year low of $68.80 and a one year high of $140.77. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.76 and a current ratio of 0.76. The stock has a market capitalization of $29.35 billion, a price-to-earnings ratio of 11.17, a PEG ratio of 0.54 and a beta of 1.62.

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

PulteGroup Announces Dividend

The firm also recently announced 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 0.57%. The ex-dividend date of this dividend is Tuesday, September 17th. PulteGroup’s dividend payout ratio (DPR) is 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.