Creative Planning Has $3.39 Million Stake in PulteGroup, Inc. (NYSE:PHM)

Creative Planning grew its holdings in PulteGroup, Inc. (NYSE:PHMFree Report) by 4.0% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 23,639 shares of the construction company’s stock after purchasing an additional 901 shares during the period. Creative Planning’s holdings in PulteGroup were worth $3,393,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of PHM. Swedbank AB acquired a new stake in PulteGroup in the first quarter valued at approximately $68,985,000. Hsbc Holdings PLC lifted its stake in shares of PulteGroup by 19.6% in the 2nd quarter. Hsbc Holdings PLC now owns 1,529,698 shares of the construction company’s stock valued at $168,254,000 after purchasing an additional 250,937 shares during the last quarter. Pacer Advisors Inc. boosted its holdings in PulteGroup by 8.6% in the second 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. Janney Montgomery Scott LLC increased its position in PulteGroup by 130.2% during the first quarter. Janney Montgomery Scott LLC now owns 388,298 shares of the construction company’s stock worth $46,837,000 after buying an additional 219,609 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC raised its holdings in PulteGroup by 40.9% during the first quarter. Allspring Global Investments Holdings LLC now owns 733,804 shares of the construction company’s stock valued at $88,511,000 after buying an additional 212,837 shares in the last quarter. Institutional investors and hedge funds own 89.90% of the company’s stock.

PulteGroup Stock Performance

NYSE PHM opened at $132.47 on Friday. The business’s 50 day moving average price is $137.14 and its 200-day moving average price is $123.16. PulteGroup, Inc. has a fifty-two week low of $71.20 and a fifty-two week high of $149.47. The company has a market cap of $27.86 billion, a P/E ratio of 10.61, a P/E/G ratio of 0.55 and a beta of 1.62. The company has a debt-to-equity ratio of 0.14, a quick ratio of 0.76 and a current ratio of 0.73.

PulteGroup (NYSE:PHMGet Free Report) last issued its earnings results on Tuesday, October 22nd. The construction company reported $3.35 EPS for the quarter, topping analysts’ consensus estimates of $3.10 by $0.25. The business had revenue of $4.48 billion for the quarter, compared to analyst estimates of $4.27 billion. PulteGroup had a net margin of 16.64% and a return on equity of 25.30%. The company’s quarterly revenue was up 11.8% compared to the same quarter last year. During the same period last year, the company posted $2.90 earnings per share. Sell-side analysts predict that PulteGroup, Inc. will post 12.9 earnings per share for the current year.

PulteGroup Dividend Announcement

The company also recently declared 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. The ex-dividend date of this dividend was Tuesday, September 17th. This represents a $0.80 dividend on an annualized basis and a yield of 0.60%. PulteGroup’s dividend payout ratio is currently 6.41%.

Insider Buying and Selling at PulteGroup

In other PulteGroup news, Director Thomas J. Folliard sold 19,000 shares of the company’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 sale, the director now directly 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other news, CFO Robert Oshaughnessy sold 71,007 shares of the business’s stock in a transaction that occurred on Friday, August 23rd. The stock was sold at an average price of $134.83, for a total transaction 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. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Thomas J. Folliard sold 19,000 shares of the stock in a transaction that occurred 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 represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 119,000 shares of company stock worth $15,814,039. 0.83% of the stock is currently owned by insiders.

Analysts Set New Price Targets

Several analysts have recently issued reports on the company. Wolfe Research downgraded PulteGroup from an “outperform” rating to a “peer perform” rating in a research note on Wednesday, August 14th. Wells Fargo & Company upped their target price on PulteGroup from $150.00 to $165.00 and gave the stock an “overweight” rating in a research report on Monday, October 7th. Barclays lifted their price target on shares of PulteGroup from $131.00 to $150.00 and gave the company an “overweight” rating in a research report on Wednesday, July 24th. Raymond James upped their price objective on shares of PulteGroup from $135.00 to $145.00 and gave the stock an “outperform” rating in a report on Thursday, July 25th. Finally, JPMorgan Chase & Co. boosted their target price on shares of PulteGroup from $141.00 to $152.00 and gave the stock an “overweight” rating in a research report on Thursday, July 25th. Six equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. According to MarketBeat.com, PulteGroup has a consensus rating of “Moderate Buy” and an average price target of $145.00.

Check Out Our Latest Analysis on PHM

About PulteGroup

(Free Report)

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.

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Institutional Ownership by Quarter for PulteGroup (NYSE:PHM)

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