PulteGroup, Inc. (NYSE:PHM) Shares Acquired by QRG Capital Management Inc.

QRG Capital Management Inc. increased its position in shares of PulteGroup, Inc. (NYSE:PHM) by 2.6% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 412,723 shares of the construction company’s stock after purchasing an additional 10,356 shares during the period. PulteGroup accounts for approximately 0.6% of QRG Capital Management Inc.’s portfolio, making the stock its 26th largest position. QRG Capital Management Inc. owned 0.20% of PulteGroup worth $59,238,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. Swedbank AB purchased a new stake in shares of PulteGroup in the first quarter valued at about $68,985,000. Hsbc Holdings PLC lifted its stake in PulteGroup by 19.6% in the 2nd quarter. Hsbc Holdings PLC now owns 1,529,698 shares of the construction company’s stock valued at $168,254,000 after buying an additional 250,937 shares in the last quarter. Pacer Advisors Inc. boosted its stake in shares of PulteGroup by 8.6% during the second quarter. Pacer Advisors Inc. now owns 2,968,788 shares of the construction company’s stock valued at $326,864,000 after acquiring an additional 235,826 shares during the last quarter. Allspring Global Investments Holdings LLC grew its holdings in shares of PulteGroup by 35.1% during the third quarter. Allspring Global Investments Holdings LLC now owns 861,487 shares of the construction company’s stock worth $123,649,000 after buying an additional 223,841 shares in the last quarter. Finally, Homestead Advisers Corp raised its holdings in PulteGroup by 89.8% in the 1st quarter. Homestead Advisers Corp now owns 375,500 shares of the construction company’s stock valued at $45,122,000 after acquiring an additional 177,700 shares during the last quarter. Hedge funds and other institutional investors own 89.90% of the company’s stock.

PulteGroup Trading Up 1.3 %

Shares of NYSE:PHM opened at $130.00 on Monday. 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 stock has a market capitalization of $26.66 billion, a price-to-earnings ratio of 9.47, a PEG ratio of 0.53 and a beta of 1.63. PulteGroup, Inc. has a 1-year low of $80.60 and a 1-year high of $149.47. The company has a 50 day moving average price of $137.31 and a 200 day moving average price of $124.07.

PulteGroup (NYSE:PHM) last released its quarterly earnings data on Tuesday, October 22nd. The construction company reported $3.35 earnings per share for the quarter, beating 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 firm had revenue of $4.48 billion for the quarter, compared to analyst estimates of $4.27 billion. During the same quarter in the prior year, the business earned $2.90 EPS. The company’s revenue for the quarter was up 11.8% compared to the same quarter last year. On average, research analysts anticipate that PulteGroup, Inc. will post 12.92 EPS for the current fiscal year.

PulteGroup Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, October 2nd. Stockholders of record on Tuesday, September 17th were paid a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a dividend yield of 0.62%. The ex-dividend date of this dividend was Tuesday, September 17th. PulteGroup’s payout ratio is 5.90%.

Analyst Upgrades and Downgrades

Several research firms recently commented on PHM. Evercore ISI cut their price target on shares of PulteGroup from $198.00 to $195.00 and set an “outperform” rating on the stock in a report on Wednesday, October 23rd. Royal Bank of Canada lifted 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. Oppenheimer cut their price objective on PulteGroup from $168.00 to $165.00 and set an “outperform” rating on the stock in a research report on Wednesday, October 23rd. Bank of America upped their target price on PulteGroup from $138.00 to $160.00 and gave the stock a “buy” rating in a research report on Thursday, September 19th. Finally, Wedbush reiterated a “neutral” rating and issued a $115.00 target price on shares of PulteGroup in a research note on Tuesday, October 22nd. Six analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. Based on data from MarketBeat.com, PulteGroup presently has a consensus rating of “Moderate Buy” and a consensus target price of $145.00.

Insiders Place Their Bets

In other news, CFO Robert Oshaughnessy sold 71,007 shares of the company’s 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 transaction, the chief financial officer now directly owns 89,323 shares in the company, 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 filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other PulteGroup news, CFO Robert Oshaughnessy sold 71,007 shares of the firm’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 completion of the transaction, the chief financial officer now owns 89,323 shares in the company, valued at $12,043,420.09. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at 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 owns 45,230 shares in the company, valued at approximately $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. Company insiders own 0.83% of the company’s stock.

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.