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

Swedbank AB grew its position in shares of PulteGroup, Inc. (NYSE:PHM) by 1.1% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 574,274 shares of the construction company’s stock after acquiring an additional 6,319 shares during the quarter. Swedbank AB owned 0.28% of PulteGroup worth $82,426,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. Interval Partners LP acquired a new position in PulteGroup during the first quarter worth $1,206,000. Baader Bank Aktiengesellschaft bought a new position in shares of PulteGroup in the 2nd quarter valued at about $629,000. Cetera Investment Advisers increased its position in shares of PulteGroup by 128.4% in the first quarter. Cetera Investment Advisers now owns 94,588 shares of the construction company’s stock valued at $11,409,000 after acquiring an additional 53,175 shares during the last quarter. New Millennium Group LLC increased its position in shares of PulteGroup by 10,625.8% in the third quarter. New Millennium Group LLC now owns 9,546 shares of the construction company’s stock valued at $1,370,000 after acquiring an additional 9,457 shares during the last quarter. Finally, Trustmark National Bank Trust Department raised its holdings in PulteGroup by 39.8% during the third quarter. Trustmark National Bank Trust Department now owns 39,589 shares of the construction company’s stock worth $5,682,000 after acquiring an additional 11,269 shares in the last quarter. 89.90% of the stock is owned by institutional investors.

PulteGroup Trading Up 1.3 %

Shares of PulteGroup stock opened at $129.76 on Monday. PulteGroup, Inc. has a 52-week low of $86.59 and a 52-week high of $149.47. The stock has a market cap of $26.61 billion, a PE ratio of 9.57, a PEG ratio of 0.53 and a beta of 1.63. The firm has a 50-day moving average of $136.74 and a 200-day moving average of $125.90. 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 (NYSE:PHM) last announced its earnings results 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 firm had revenue of $4.48 billion for the quarter, compared to analyst estimates of $4.27 billion. During the same quarter in the prior year, the business posted $2.90 EPS. The business’s revenue was up 11.8% compared to the same quarter last year. As a group, sell-side analysts forecast that PulteGroup, Inc. will post 12.94 EPS for the current year.

PulteGroup Increases Dividend

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

Analyst Ratings Changes

Several research firms have weighed in on PHM. BTIG Research boosted their price target on PulteGroup from $139.00 to $156.00 and gave the stock a “buy” rating in a research report on Wednesday, October 23rd. Evercore ISI dropped their price target on shares of PulteGroup from $198.00 to $195.00 and set an “outperform” rating on the stock in a research report on Wednesday, October 23rd. UBS Group lifted their price objective on shares of PulteGroup from $148.00 to $154.00 and gave the company a “neutral” rating in a research report on Wednesday, October 23rd. Wells Fargo & Company upped their target price on shares of PulteGroup from $150.00 to $165.00 and gave the company an “overweight” rating in a report on Monday, October 7th. Finally, Oppenheimer reduced their price target on PulteGroup from $168.00 to $165.00 and set an “outperform” rating for the company in a report 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 stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $145.00.

Insider Buying and Selling at PulteGroup

In other PulteGroup 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 value of $2,491,660.00. Following the transaction, the director now directly owns 45,230 shares of the company’s stock, valued at $5,931,462.20. This trade represents a 29.58 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 0.75% of the company’s stock.

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.