PulteGroup, Inc. (NYSE:PHM) Stake Raised by American Institute for Advanced Investment Management LLP

American Institute for Advanced Investment Management LLP raised its holdings in shares of PulteGroup, Inc. (NYSE:PHM) by 15.9% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,290 shares of the construction company’s stock after acquiring an additional 315 shares during the quarter. American Institute for Advanced Investment Management LLP’s holdings in PulteGroup were worth $329,000 at the end of the most recent quarter.

A number of other large investors also recently made changes to their positions in PHM. Greenhaven Associates Inc. boosted its position in PulteGroup by 0.3% during the third quarter. Greenhaven Associates Inc. now owns 5,593,179 shares of the construction company’s stock valued at $802,789,000 after purchasing an additional 16,871 shares during the last quarter. Pacer Advisors Inc. raised its stake in shares of PulteGroup by 8.6% during the 2nd quarter. Pacer Advisors Inc. now owns 2,968,788 shares of the construction company’s stock worth $326,864,000 after purchasing an additional 235,826 shares in the last quarter. Hsbc Holdings PLC lifted its holdings in shares of PulteGroup by 19.6% during 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 during the last quarter. Captrust Financial Advisors grew its stake in shares of PulteGroup by 18.4% in the 1st quarter. Captrust Financial Advisors now owns 1,085,939 shares of the construction company’s stock valued at $130,986,000 after buying an additional 168,746 shares in the last quarter. Finally, Victory Capital Management Inc. increased its holdings in PulteGroup by 5.9% in the second quarter. Victory Capital Management Inc. now owns 964,422 shares of the construction company’s stock worth $106,183,000 after buying an additional 53,924 shares during the last quarter. Institutional investors and hedge funds own 89.90% of the company’s stock.

Analysts Set New Price Targets

Several research firms recently issued reports on PHM. Raymond James lifted their price objective on shares of PulteGroup from $135.00 to $145.00 and gave the company an “outperform” rating in a research note on Thursday, July 25th. JPMorgan Chase & Co. boosted their price target on PulteGroup from $141.00 to $152.00 and gave the stock an “overweight” rating in a research report on Thursday, July 25th. Evercore ISI lowered their price objective on PulteGroup from $198.00 to $195.00 and set an “outperform” rating on the stock in a report on Wednesday. Wedbush restated a “neutral” rating and issued a $115.00 target price on shares of PulteGroup in a report on Tuesday. Finally, Wolfe Research downgraded PulteGroup from an “outperform” rating to a “peer perform” rating in a report on Wednesday, August 14th. Six investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. According to data from MarketBeat, PulteGroup currently has a consensus rating of “Moderate Buy” and an average price target of $145.00.

PulteGroup Stock Performance

PHM stock traded up $3.39 during trading on Thursday, reaching $136.55. 334,619 shares of the stock were exchanged, compared to its average volume of 1,830,110. PulteGroup, Inc. has a twelve month low of $70.21 and a twelve month high of $149.47. The company has a current ratio of 0.76, a quick ratio of 0.76 and a debt-to-equity ratio of 0.15. The company has a market capitalization of $28.34 billion, a P/E ratio of 10.16, a price-to-earnings-growth ratio of 0.61 and a beta of 1.62. The stock has a 50 day simple moving average of $136.67 and a 200-day simple moving average of $122.95.

PulteGroup (NYSE:PHM) last announced its quarterly earnings data on Tuesday, October 22nd. The construction company reported $3.35 earnings per share for the quarter, topping the consensus estimate of $3.10 by $0.25. The company had revenue of $4.48 billion for the quarter, compared to analyst estimates of $4.27 billion. PulteGroup had a return on equity of 25.67% and a net margin of 16.75%. PulteGroup’s revenue for the quarter was up 11.8% compared to the same quarter last year. During the same quarter last year, the firm earned $2.90 EPS. As a group, sell-side analysts anticipate that PulteGroup, Inc. will post 12.9 earnings per share for the current year.

PulteGroup Announces Dividend

The firm 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 0.59%. The ex-dividend date was Tuesday, September 17th. PulteGroup’s dividend payout ratio is 6.10%.

Insider Transactions at PulteGroup

In related news, Director Thomas J. Folliard sold 19,000 shares of the company’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 sale, the director now owns 45,230 shares of the company’s stock, valued at $5,931,462.20. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. In related news, CFO Robert Oshaughnessy sold 71,007 shares of the 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 sale, 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 position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Thomas J. Folliard sold 19,000 shares of the business’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 transaction, 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. In the last three months, insiders sold 119,000 shares of company stock valued at $15,814,039. Company insiders own 0.83% of the company’s stock.

About PulteGroup

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.