PulteGroup, Inc. (NYSE:PHM) Shares Sold by Fiduciary Family Office LLC

Fiduciary Family Office LLC cut its stake in shares of PulteGroup, Inc. (NYSE:PHM) by 3.6% in the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 6,728 shares of the construction company’s stock after selling 252 shares during the quarter. Fiduciary Family Office LLC’s holdings in PulteGroup were worth $966,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. WR Wealth Planners LLC grew its position in shares of PulteGroup by 54.7% during 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 in the last quarter. Fortitude Family Office LLC boosted its holdings in PulteGroup by 115.1% in the third quarter. Fortitude Family Office LLC now owns 185 shares of the construction company’s stock valued at $27,000 after purchasing an additional 99 shares in the last quarter. LRI Investments LLC acquired a new position in PulteGroup in the first quarter valued at approximately $28,000. Rothschild Investment LLC acquired a new position in PulteGroup in the second quarter valued at approximately $31,000. Finally, Candriam S.C.A. acquired a new position in PulteGroup in the second quarter valued at approximately $33,000. 89.90% of the stock is owned by institutional investors and hedge funds.

PulteGroup Stock Up 1.7 %

Shares of NYSE:PHM traded up $2.17 during mid-day trading on Tuesday, hitting $131.66. 282,278 shares of the company traded hands, compared to its average volume of 1,834,071. The firm has a market cap of $27.00 billion, a P/E ratio of 9.55, a PEG ratio of 0.52 and a beta of 1.63. The company has a debt-to-equity ratio of 0.14, a quick ratio of 0.73 and a current ratio of 0.73. PulteGroup, Inc. has a 52-week low of $80.60 and a 52-week high of $149.47. The firm’s 50 day simple moving average is $137.23 and its 200 day simple moving average is $124.24.

PulteGroup (NYSE:PHM) last posted its quarterly earnings data on Tuesday, October 22nd. The construction company reported $3.35 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.10 by $0.25. PulteGroup had a return on equity of 25.30% and a net margin of 16.64%. The company had revenue of $4.48 billion for the quarter, compared to the consensus estimate of $4.27 billion. During the same period in the previous year, the business earned $2.90 EPS. PulteGroup’s revenue for the quarter was up 11.8% compared to the same quarter last year. On average, equities analysts anticipate that PulteGroup, Inc. will post 12.92 EPS for the current year.

PulteGroup Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, October 2nd. Shareholders of record on Tuesday, September 17th were issued a dividend of $0.20 per share. The ex-dividend date was Tuesday, September 17th. This represents a $0.80 annualized dividend and a yield of 0.61%. PulteGroup’s dividend payout ratio is presently 5.90%.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on PHM shares. Wedbush reaffirmed a “neutral” rating and issued a $115.00 price target on shares of PulteGroup in a report on Tuesday, October 22nd. Raymond James increased their price objective on PulteGroup from $135.00 to $145.00 and gave the stock an “outperform” rating in a research report on Thursday, July 25th. Royal Bank of Canada increased their price objective on PulteGroup from $113.00 to $120.00 and gave the stock a “sector perform” rating in a research report on Wednesday, July 24th. Wells Fargo & Company increased their price objective on PulteGroup from $150.00 to $165.00 and gave the stock an “overweight” rating in a research report on Monday, October 7th. Finally, Bank of America increased their price objective on PulteGroup from $138.00 to $160.00 and gave the stock a “buy” rating in a research report on Thursday, September 19th. Six equities research 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, the stock has a consensus rating of “Moderate Buy” and an average price target of $145.00.

Insiders Place Their Bets

In other news, CFO Robert Oshaughnessy sold 71,007 shares of PulteGroup stock in a transaction that occurred on Friday, August 23rd. The stock was 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. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, CFO Robert Oshaughnessy sold 71,007 shares of PulteGroup stock in a transaction that occurred on Friday, August 23rd. The stock was 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. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Thomas J. Folliard sold 19,000 shares of PulteGroup 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 completion of the transaction, the director now 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 position. The disclosure for this sale can be found here. 0.75% of the stock is owned by company insiders.

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.