Winslow Asset Management Inc. Has $37.39 Million Stock Holdings in PulteGroup, Inc. (NYSE:PHM)

Winslow Asset Management Inc. lessened its holdings in PulteGroup, Inc. (NYSE:PHM) by 3.9% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 260,495 shares of the construction company’s stock after selling 10,554 shares during the quarter. PulteGroup accounts for approximately 6.9% of Winslow Asset Management Inc.’s investment portfolio, making the stock its 2nd biggest holding. Winslow Asset Management Inc.’s holdings in PulteGroup were worth $37,389,000 at the end of the most recent quarter.

Several other large investors have also added to or reduced their stakes in PHM. Blair William & Co. IL increased its position in shares of PulteGroup by 1.9% during the 1st quarter. Blair William & Co. IL now owns 27,269 shares of the construction company’s stock worth $3,289,000 after purchasing an additional 516 shares during the last quarter. State Board of Administration of Florida Retirement System raised its position in 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 in the last quarter. Lazard Asset Management LLC raised its position 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 acquiring an additional 5,022 shares in the last quarter. Shell Asset Management Co. lifted its stake in PulteGroup by 135.5% in the first quarter. Shell Asset Management Co. now owns 8,932 shares of the construction company’s stock valued at $1,077,000 after acquiring an additional 5,140 shares during the last quarter. Finally, Bessemer Group Inc. grew its position in shares of PulteGroup by 108.6% in the 1st quarter. Bessemer Group Inc. now owns 16,430 shares of the construction company’s stock valued at $1,981,000 after acquiring an additional 8,555 shares during the period. Institutional investors and hedge funds own 89.90% of the company’s stock.

Insider Transactions at PulteGroup

In other PulteGroup news, Director Thomas J. Folliard sold 19,000 shares of the firm’s stock in a transaction dated 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 transaction, the director now directly owns 45,230 shares of the company’s stock, valued at $5,931,462.20. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other PulteGroup news, Director Thomas J. Folliard sold 19,000 shares of the firm’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 sale, the director now owns 45,230 shares of the company’s stock, valued at approximately $5,931,462.20. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CFO Robert Oshaughnessy sold 71,007 shares of PulteGroup 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 in the company, valued at approximately $12,043,420.09. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. 0.83% of the stock is currently owned by insiders.

PulteGroup Price Performance

Shares of PulteGroup stock opened at $133.46 on Tuesday. The company has a quick ratio of 0.73, a current ratio of 0.73 and a debt-to-equity ratio of 0.14. The stock has a market capitalization of $27.37 billion, a price-to-earnings ratio of 9.84, a price-to-earnings-growth ratio of 0.54 and a beta of 1.63. PulteGroup, Inc. has a twelve month low of $81.00 and a twelve month high of $149.47. The company has a 50-day simple moving average of $137.30 and a two-hundred day simple moving average of $125.02.

PulteGroup (NYSE:PHM) last released its quarterly earnings results on Tuesday, October 22nd. The construction company reported $3.35 earnings per share for the quarter, beating analysts’ consensus estimates of $3.10 by $0.25. The company had revenue of $4.48 billion during the quarter, compared to the consensus estimate of $4.27 billion. PulteGroup had a net margin of 16.64% and a return on equity of 25.30%. The firm’s quarterly revenue was up 11.8% on a year-over-year basis. During the same period in the previous year, the business earned $2.90 earnings per share. Analysts forecast that PulteGroup, Inc. will post 12.94 EPS for the current year.

PulteGroup Dividend Announcement

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

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on PHM. Royal Bank of Canada upped their target price on shares of PulteGroup from $113.00 to $120.00 and gave the company a “sector perform” rating in a report on Wednesday, July 24th. Wedbush reaffirmed a “neutral” rating and issued a $115.00 price objective on shares of PulteGroup in a research report on Tuesday, October 22nd. UBS Group lifted their target price on PulteGroup from $148.00 to $154.00 and gave the stock a “neutral” rating in a research note on Wednesday, October 23rd. Bank of America increased their price target on PulteGroup from $138.00 to $160.00 and gave the company a “buy” rating in a research note on Thursday, September 19th. Finally, 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 research report on Thursday, July 25th. Six investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $145.00.

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.