PulteGroup, Inc. (NYSE:PHM) Stock Position Lifted by McGlone Suttner Wealth Management Inc.

McGlone Suttner Wealth Management Inc. raised its holdings in PulteGroup, Inc. (NYSE:PHM) by 63.7% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 3,197 shares of the construction company’s stock after acquiring an additional 1,244 shares during the quarter. McGlone Suttner Wealth Management Inc.’s holdings in PulteGroup were worth $459,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Benjamin Edwards Inc. acquired a new stake in PulteGroup in the first quarter valued at approximately $26,000. WR Wealth Planners LLC lifted its stake in shares of PulteGroup by 54.7% in the second quarter. WR Wealth Planners LLC now owns 232 shares of the construction company’s stock worth $26,000 after buying an additional 82 shares during the last quarter. LRI Investments LLC acquired a new stake in shares of PulteGroup in the first quarter worth $28,000. Rothschild Investment LLC acquired a new stake in shares of PulteGroup in the second quarter worth $31,000. Finally, Candriam S.C.A. acquired a new stake in shares of PulteGroup in the second quarter worth $33,000. 89.90% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on PHM. Citigroup reduced their price objective on shares of PulteGroup from $129.00 to $117.00 and set a “neutral” rating for the company in a research note on Tuesday, July 2nd. Evercore ISI boosted their target price on shares of PulteGroup from $183.00 to $189.00 and gave the stock an “outperform” rating in a research report on Monday, July 15th. Raymond James boosted their target price on shares of PulteGroup from $135.00 to $145.00 and gave the stock an “outperform” rating in a research report on Thursday, July 25th. Bank of America boosted their target price on shares of PulteGroup from $138.00 to $160.00 and gave the stock a “buy” rating in a research report on Thursday, September 19th. Finally, Wedbush reaffirmed a “neutral” rating and set a $115.00 target price on shares of PulteGroup in a research report on Friday, August 16th. Six investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $141.14.

PulteGroup Price Performance

Shares of PHM traded up $0.54 during trading hours on Friday, hitting $139.20. The stock had a trading volume of 785,776 shares, compared to its average volume of 1,833,708. The company’s fifty day moving average is $133.46 and its two-hundred day moving average is $121.53. The company has a debt-to-equity ratio of 0.15, a current ratio of 0.76 and a quick ratio of 0.76. PulteGroup, Inc. has a 52 week low of $68.80 and a 52 week high of $145.84. The stock has a market capitalization of $28.89 billion, a price-to-earnings ratio of 10.62, a P/E/G 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 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.27 by $0.56. The business had revenue of $4.60 billion for the quarter, compared to the consensus estimate of $4.49 billion. PulteGroup had a net margin of 16.75% and a return on equity of 25.67%. The firm’s quarterly revenue was up 9.8% on a year-over-year basis. During the same quarter in the prior year, the company earned $3.00 EPS. On average, analysts anticipate that PulteGroup, Inc. will post 12.9 EPS for the current year.

PulteGroup Dividend Announcement

The firm also recently announced 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. The ex-dividend date was Tuesday, September 17th. This represents a $0.80 dividend on an annualized basis and a yield of 0.57%. PulteGroup’s payout ratio is presently 6.10%.

Insider Buying and Selling at PulteGroup

In other PulteGroup news, CFO Robert Oshaughnessy sold 71,007 shares of the company’s 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 transaction, the chief financial officer now directly owns 89,323 shares in the company, valued at approximately $12,043,420.09. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In related news, CFO Robert Oshaughnessy sold 71,007 shares of the stock in a transaction that occurred on Friday, August 23rd. The stock was 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 directly owns 89,323 shares of the company’s stock, valued at approximately $12,043,420.09. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Thomas J. Folliard sold 19,000 shares of the stock in a transaction that occurred 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 directly owns 45,230 shares of the company’s stock, valued at approximately $5,931,462.20. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 119,000 shares of company stock worth $15,814,039. Company 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.