Mn Services Vermogensbeheer B.V. Lowers Stake in PulteGroup, Inc. (NYSE:PHM)

Mn Services Vermogensbeheer B.V. lessened its holdings in PulteGroup, Inc. (NYSE:PHM) by 2.4% in the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 82,700 shares of the construction company’s stock after selling 2,000 shares during the quarter. Mn Services Vermogensbeheer B.V.’s holdings in PulteGroup were worth $11,870,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in PHM. Private Advisor Group LLC boosted its position in PulteGroup by 36.5% in the 1st quarter. Private Advisor Group LLC now owns 12,948 shares of the construction company’s stock valued at $1,562,000 after buying an additional 3,462 shares during the period. W.H. Cornerstone Investments Inc. boosted its position in PulteGroup by 20.4% in the 1st quarter. W.H. Cornerstone Investments Inc. now owns 3,840 shares of the construction company’s stock valued at $463,000 after buying an additional 650 shares during the period. Empirical Finance LLC boosted its position in PulteGroup by 1.8% in the 1st quarter. Empirical Finance LLC now owns 14,811 shares of the construction company’s stock valued at $1,787,000 after buying an additional 260 shares during the period. Envestnet Portfolio Solutions Inc. boosted its position in PulteGroup by 9.0% in the 1st quarter. Envestnet Portfolio Solutions Inc. now owns 16,479 shares of the construction company’s stock valued at $1,988,000 after buying an additional 1,357 shares during the period. Finally, SG Americas Securities LLC boosted its position in PulteGroup by 291.1% in the 1st quarter. SG Americas Securities LLC now owns 31,824 shares of the construction company’s stock valued at $3,839,000 after buying an additional 23,687 shares during the period. Hedge funds and other institutional investors own 89.90% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on the stock. Bank of America raised their price objective on shares of PulteGroup from $138.00 to $160.00 and gave the company a “buy” rating in a report on Thursday, September 19th. Wolfe Research lowered shares of PulteGroup from an “outperform” rating to a “peer perform” rating in a report on Wednesday, August 14th. Raymond James raised 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. UBS Group raised their price objective on shares of PulteGroup from $148.00 to $154.00 and gave the company a “neutral” rating in a report on Wednesday, October 23rd. Finally, Barclays raised their price objective on shares of PulteGroup from $131.00 to $150.00 and gave the company an “overweight” rating in a report on Wednesday, July 24th. Six equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. Based on data from MarketBeat, PulteGroup presently has an average rating of “Moderate Buy” and a consensus target price of $145.00.

PulteGroup Trading Up 2.9 %

Shares of PulteGroup stock opened at $133.30 on Wednesday. PulteGroup, Inc. has a 1 year low of $80.60 and a 1 year high of $149.47. The company has a debt-to-equity ratio of 0.14, a quick ratio of 0.73 and a current ratio of 0.73. The company has a market capitalization of $27.34 billion, a P/E ratio of 9.83, a PEG ratio of 0.52 and a beta of 1.63. The company’s fifty day moving average is $137.27 and its two-hundred day moving average is $124.43.

PulteGroup (NYSE:PHM) last issued its quarterly earnings data on Tuesday, October 22nd. The construction company reported $3.35 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.10 by $0.25. PulteGroup had a net margin of 16.64% and a return on equity of 25.30%. The company had revenue of $4.48 billion for the quarter, compared to the consensus estimate of $4.27 billion. During the same period last year, the firm posted $2.90 EPS. PulteGroup’s revenue for the quarter was up 11.8% on a year-over-year basis. Analysts forecast that PulteGroup, Inc. will post 12.92 earnings per share for the current year.

PulteGroup Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, October 2nd. Shareholders of record on Tuesday, September 17th were given a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a yield of 0.60%. The ex-dividend date was Tuesday, September 17th. PulteGroup’s payout ratio is currently 5.90%.

Insiders Place Their Bets

In other PulteGroup news, CFO Robert Oshaughnessy sold 71,007 shares of the firm’s stock in a transaction on 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 transaction, the chief financial officer now directly owns 89,323 shares of the company’s stock, valued at approximately $12,043,420.09. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. In other 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 value of $9,573,873.81. Following the sale, the chief financial officer now owns 89,323 shares of the company’s stock, valued at $12,043,420.09. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Thomas J. Folliard sold 19,000 shares of PulteGroup stock in a transaction dated 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 sale, the director now directly owns 45,230 shares in the company, valued at approximately $5,931,462.20. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. 0.75% of the stock is currently owned by insiders.

PulteGroup Company 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.