Swedbank AB Purchases 6,319 Shares of PulteGroup, Inc. (NYSE:PHM)

Swedbank AB lifted its stake in shares of PulteGroup, Inc. (NYSE:PHM) by 1.1% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 574,274 shares of the construction company’s stock after acquiring an additional 6,319 shares during the quarter. Swedbank AB owned about 0.27% of PulteGroup worth $82,426,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently modified their holdings of PHM. Benjamin Edwards Inc. bought a new position in PulteGroup during the first quarter worth $26,000. WR Wealth Planners LLC raised its holdings in shares of PulteGroup by 54.7% in the second quarter. WR Wealth Planners LLC now owns 232 shares of the construction company’s stock valued at $26,000 after buying an additional 82 shares during the last quarter. LRI Investments LLC bought a new stake in PulteGroup during the 1st quarter worth about $28,000. Rothschild Investment LLC acquired a new position in shares of PulteGroup in the 2nd quarter valued at approximately $31,000. Finally, Candriam S.C.A. acquired a new position in PulteGroup during the 2nd quarter worth approximately $33,000. Institutional investors own 89.90% of the company’s stock.

Insiders Place Their Bets

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 completion of the sale, the director now owns 45,230 shares of the company’s stock, valued at approximately $5,931,462.20. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. In related news, CFO Robert Oshaughnessy sold 71,007 shares of PulteGroup stock in a transaction on Friday, August 23rd. The shares were sold at an average price of $134.83, for a total value of $9,573,873.81. Following the transaction, the chief financial officer now directly owns 89,323 shares in the company, valued at $12,043,420.09. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Thomas J. Folliard sold 19,000 shares of the firm’s stock in a transaction on 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 completion of the sale, the director now directly owns 45,230 shares of the company’s stock, valued at approximately $5,931,462.20. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 119,000 shares of company stock worth $15,814,039. Company insiders own 0.83% of the company’s stock.

Analyst Ratings Changes

Several research analysts have weighed in on PHM shares. Citigroup lowered their price objective on PulteGroup from $129.00 to $117.00 and set a “neutral” rating on the stock in a research report on Tuesday, July 2nd. Wells Fargo & Company lifted their price target on PulteGroup from $150.00 to $165.00 and gave the company an “overweight” rating in a research note on Monday, October 7th. Royal Bank of Canada raised 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. BTIG Research raised their price objective on PulteGroup from $133.00 to $139.00 and gave the stock a “buy” rating in a research report on Wednesday, July 24th. Finally, Evercore ISI lifted their target price on PulteGroup from $183.00 to $189.00 and gave the stock an “outperform” rating in a report on Monday, July 15th. Six research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $141.14.

PulteGroup Trading Up 1.5 %

PHM stock opened at $144.62 on Wednesday. The company has a quick ratio of 0.76, a current ratio of 0.76 and a debt-to-equity ratio of 0.15. The firm’s fifty day simple moving average is $134.26 and its two-hundred day simple moving average is $121.88. PulteGroup, Inc. has a twelve month low of $68.80 and a twelve month high of $146.37. The stock has a market capitalization of $30.42 billion, a price-to-earnings ratio of 11.58, a price-to-earnings-growth ratio of 0.57 and a beta of 1.62.

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

PulteGroup Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, October 2nd. Shareholders of record on Tuesday, September 17th were given a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a yield of 0.55%. The ex-dividend date of this dividend was Tuesday, September 17th. PulteGroup’s dividend payout ratio is presently 6.41%.

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.