PulteGroup, Inc. (NYSE:PHM) Shares Sold by Hudson Capital Management LLC

Hudson Capital Management LLC cut its holdings in PulteGroup, Inc. (NYSE:PHM) by 8.4% during the third quarter, HoldingsChannel reports. The firm owned 39,692 shares of the construction company’s stock after selling 3,623 shares during the period. PulteGroup comprises about 1.8% of Hudson Capital Management LLC’s investment portfolio, making the stock its 15th biggest holding. Hudson Capital Management LLC’s holdings in PulteGroup were worth $5,697,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Blair William & Co. IL increased its stake in shares of PulteGroup by 1.9% during the first quarter. Blair William & Co. IL now owns 27,269 shares of the construction company’s stock worth $3,289,000 after acquiring an additional 516 shares during the period. Banque Cantonale Vaudoise increased its stake in shares of PulteGroup by 166.6% during the first quarter. Banque Cantonale Vaudoise now owns 13,146 shares of the construction company’s stock worth $1,586,000 after acquiring an additional 8,215 shares during the period. State Board of Administration of Florida Retirement System increased its stake in shares of PulteGroup by 6.2% during the first quarter. State Board of Administration of Florida Retirement System now owns 297,544 shares of the construction company’s stock worth $35,890,000 after acquiring an additional 17,369 shares during the period. Sumitomo Mitsui Trust Holdings Inc. boosted its holdings in PulteGroup by 4.9% during the first quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 621,064 shares of the construction company’s stock worth $74,913,000 after buying an additional 28,774 shares in the last quarter. Finally, Lazard Asset Management LLC boosted its holdings in PulteGroup by 1.1% during the first quarter. Lazard Asset Management LLC now owns 464,217 shares of the construction company’s stock worth $55,993,000 after buying an additional 5,022 shares in the last quarter. 89.90% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research firms recently commented on PHM. BTIG Research boosted their price objective on shares of PulteGroup from $133.00 to $139.00 and gave the stock a “buy” rating in a report on Wednesday, July 24th. Citigroup decreased their price objective on shares of PulteGroup from $129.00 to $117.00 and set a “neutral” rating on the stock in a report on Tuesday, July 2nd. JPMorgan Chase & Co. boosted 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 price objective on shares of PulteGroup in a report on Friday, August 16th. Finally, Wells Fargo & Company boosted their price objective on shares of PulteGroup from $150.00 to $165.00 and gave the stock an “overweight” rating in a report on Monday. Six analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $141.14.

PulteGroup Stock Performance

Shares of PHM stock opened at $138.65 on Friday. PulteGroup, Inc. has a one year low of $68.80 and a one year high of $145.84. 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 company has a 50 day moving average price of $133.04 and a 200 day moving average price of $121.21. The firm has a market capitalization of $28.77 billion, a price-to-earnings ratio of 10.58, a price-to-earnings-growth ratio of 0.57 and a beta of 1.62.

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

PulteGroup Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, October 2nd. Stockholders of record on Tuesday, September 17th were given a $0.20 dividend. This represents a $0.80 annualized dividend and a dividend yield of 0.58%. The ex-dividend date was Tuesday, September 17th. PulteGroup’s payout ratio is currently 6.10%.

Insider Transactions at PulteGroup

In other news, 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 sale, the chief financial officer now owns 89,323 shares of the company’s stock, valued at $12,043,420.09. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In other news, 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 sale, the chief financial officer now owns 89,323 shares of the company’s stock, valued at $12,043,420.09. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Thomas J. Folliard sold 19,000 shares of the company’s 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 completion of the transaction, the director now owns 45,230 shares of the company’s stock, valued at $5,931,462.20. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 119,000 shares of company stock valued at $15,814,039 over the last 90 days. Corporate insiders own 0.83% of the company’s stock.

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.