Swedbank AB Has $82.43 Million Stake in PulteGroup, Inc. (NYSE:PHM)

Swedbank AB lifted its position in shares of PulteGroup, Inc. (NYSE:PHM) by 1.1% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 574,274 shares of the construction company’s stock after buying an additional 6,319 shares during the quarter. Swedbank AB’s holdings in PulteGroup were worth $82,426,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of PHM. EP Wealth Advisors LLC acquired a new position in shares of PulteGroup in the 1st quarter valued at about $246,000. Price T Rowe Associates Inc. MD lifted its stake in PulteGroup by 3.8% in the first quarter. Price T Rowe Associates Inc. MD now owns 331,553 shares of the construction company’s stock valued at $39,993,000 after buying an additional 12,164 shares during the period. Ascent Group LLC boosted its holdings in shares of PulteGroup by 4.5% during the 1st quarter. Ascent Group LLC now owns 3,120 shares of the construction company’s stock worth $376,000 after buying an additional 135 shares in the last quarter. Interval Partners LP acquired a new stake in shares of PulteGroup during the 1st quarter worth approximately $1,206,000. Finally, B. Riley Wealth Advisors Inc. grew its position in shares of PulteGroup by 7.4% during the 1st quarter. B. Riley Wealth Advisors Inc. now owns 4,472 shares of the construction company’s stock worth $539,000 after buying an additional 308 shares during the period. Institutional investors own 89.90% of the company’s stock.

PulteGroup Stock Performance

NYSE PHM opened at $129.76 on Monday. The company has a fifty day moving average price of $136.74 and a 200-day moving average price of $125.90. The firm has a market cap of $26.61 billion, a price-to-earnings ratio of 9.57, a PEG ratio of 0.53 and a beta of 1.63. The company has a debt-to-equity ratio of 0.14, a current ratio of 0.73 and a quick ratio of 0.73. PulteGroup, Inc. has a 1 year low of $86.59 and a 1 year high of $149.47.

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 analysts’ consensus estimates of $3.10 by $0.25. PulteGroup had a net margin of 16.64% and a return on equity of 25.30%. The business had revenue of $4.48 billion during the quarter, compared to the consensus estimate of $4.27 billion. During the same period in the prior year, the firm posted $2.90 EPS. The firm’s quarterly revenue was up 11.8% compared to the same quarter last year. As a group, equities research analysts predict that PulteGroup, Inc. will post 12.94 EPS for the current fiscal year.

PulteGroup Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, January 3rd. Investors of record on Tuesday, December 17th will be given a dividend of $0.22 per share. This represents a $0.88 dividend on an annualized basis and a dividend yield of 0.68%. This is an increase from PulteGroup’s previous quarterly dividend of $0.20. The ex-dividend date of this dividend is Tuesday, December 17th. PulteGroup’s dividend payout ratio (DPR) is presently 5.90%.

Insider Buying and Selling

In related 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 transaction of $2,491,660.00. Following the completion of the sale, the director now owns 45,230 shares in the company, valued at approximately $5,931,462.20. This trade represents a 29.58 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. 0.75% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on PHM shares. Wolfe Research lowered shares of PulteGroup from an “outperform” rating to a “peer perform” rating in a research note on Wednesday, August 14th. Wedbush reissued a “neutral” rating and set a $115.00 price objective on shares of PulteGroup in a research report on Tuesday, October 22nd. Oppenheimer decreased their target price on PulteGroup from $168.00 to $165.00 and set an “outperform” rating for the company in a research report on Wednesday, October 23rd. Bank of America increased their price target on PulteGroup from $138.00 to $160.00 and gave the stock a “buy” rating in a report on Thursday, September 19th. Finally, UBS Group raised their price objective on PulteGroup from $148.00 to $154.00 and gave the company a “neutral” rating in a research note on Wednesday, October 23rd. Six equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. According to MarketBeat.com, the stock 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.