PulteGroup, Inc. (NYSE:PHM) Shares Sold by Tredje AP fonden

Tredje AP fonden reduced its stake in shares of PulteGroup, Inc. (NYSE:PHM) by 22.7% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 413,369 shares of the construction company’s stock after selling 121,658 shares during the quarter. Tredje AP fonden owned 0.20% of PulteGroup worth $45,512,000 at the end of the most recent reporting period.

Several other hedge funds have also bought and sold shares of the stock. Blair William & Co. IL boosted its holdings in PulteGroup by 1.9% during the first quarter. Blair William & Co. IL now owns 27,269 shares of the construction company’s stock worth $3,289,000 after buying an additional 516 shares in the last quarter. Banque Cantonale Vaudoise boosted its stake in shares of PulteGroup by 166.6% during the 1st quarter. Banque Cantonale Vaudoise now owns 13,146 shares of the construction company’s stock worth $1,586,000 after acquiring an additional 8,215 shares in the last quarter. State Board of Administration of Florida Retirement System boosted its stake in shares of PulteGroup by 6.2% during the 1st quarter. State Board of Administration of Florida Retirement System now owns 297,544 shares of the construction company’s stock worth $35,890,000 after acquiring an additional 17,369 shares in the last quarter. Personal CFO Solutions LLC acquired a new stake in shares of PulteGroup during the 4th quarter valued at about $719,000. Finally, Sumitomo Mitsui Trust Holdings Inc. raised its holdings in PulteGroup by 4.9% in the 1st quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 621,064 shares of the construction company’s stock worth $74,913,000 after purchasing an additional 28,774 shares during the period. Hedge funds and other institutional investors own 89.90% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on PHM shares. Citigroup reduced their target price on PulteGroup from $129.00 to $117.00 and set a “neutral” rating for the company in a research note on Tuesday, July 2nd. Bank of America lifted their target price on shares of PulteGroup from $135.00 to $138.00 and gave the company a “buy” rating in a research report on Monday, July 22nd. Royal Bank of Canada raised their price target on shares of PulteGroup from $113.00 to $120.00 and gave the company a “sector perform” rating in a research note on Wednesday, July 24th. JPMorgan Chase & Co. raised their target price on PulteGroup from $141.00 to $152.00 and gave the company an “overweight” rating in a research report on Thursday, July 25th. Finally, Barclays raised their price objective on PulteGroup from $131.00 to $150.00 and gave the company an “overweight” rating in a report on Wednesday, July 24th. Six investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $133.14.

Insider Buying and Selling

In other PulteGroup news, CFO Robert Oshaughnessy sold 28,993 shares of the firm’s stock in a transaction that occurred on Thursday, August 1st. The shares were sold at an average price of $129.29, for a total value of $3,748,504.97. Following the completion of the transaction, the chief financial officer now owns 160,330 shares of the company’s stock, valued at approximately $20,729,065.70. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In other PulteGroup news, Director Thomas J. Folliard sold 19,000 shares of the company’s stock in a transaction dated Wednesday, August 28th. The stock was sold at an average price of $131.14, for a total transaction 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. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CFO Robert Oshaughnessy sold 28,993 shares of PulteGroup stock in a transaction dated Thursday, August 1st. The shares were sold at an average price of $129.29, for a total value of $3,748,504.97. Following the completion of the transaction, the chief financial officer now owns 160,330 shares of the company’s stock, valued at approximately $20,729,065.70. The disclosure for this sale can be found here. Insiders have sold a total of 119,000 shares of company stock valued at $15,814,039 in the last ninety days. Company insiders own 0.83% of the company’s stock.

PulteGroup Price Performance

Shares of PHM opened at $140.50 on Wednesday. The firm has a 50-day simple moving average of $127.14 and a two-hundred day simple moving average of $117.93. 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 1-year low of $68.80 and a 1-year high of $141.43. The stock has a market cap of $29.16 billion, a PE ratio of 11.25, a P/E/G ratio of 0.55 and a beta of 1.62.

PulteGroup (NYSE:PHM) last released its quarterly earnings results on Tuesday, July 23rd. The construction company reported $3.83 EPS for the quarter, topping the consensus estimate of $3.27 by $0.56. PulteGroup had a return on equity of 25.67% and a net margin of 16.75%. The business had revenue of $4.60 billion during the quarter, compared to analyst estimates of $4.49 billion. During the same period last year, the business posted $3.00 earnings per share. The company’s quarterly revenue was up 9.8% on a year-over-year basis. As a group, analysts forecast that PulteGroup, Inc. will post 12.9 EPS for the current year.

PulteGroup Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 2nd. Stockholders of record on Tuesday, September 17th will be paid a $0.20 dividend. This represents a $0.80 annualized dividend and a dividend yield of 0.57%. The ex-dividend date of this dividend is Tuesday, September 17th. PulteGroup’s payout ratio is 6.41%.

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.