9,117 Shares in PulteGroup, Inc. $PHM Acquired by Cookson Peirce & Co. Inc.

Cookson Peirce & Co. Inc. purchased a new stake in PulteGroup, Inc. (NYSE:PHM) in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 9,117 shares of the construction company’s stock, valued at approximately $1,205,000.

Several other large investors have also recently added to or reduced their stakes in the company. Franklin Resources Inc. boosted its position in shares of PulteGroup by 0.8% in the second quarter. Franklin Resources Inc. now owns 12,290,631 shares of the construction company’s stock valued at $1,296,170,000 after acquiring an additional 95,058 shares during the period. Norges Bank bought a new stake in PulteGroup in the 2nd quarter valued at about $404,339,000. First Trust Advisors LP boosted its holdings in PulteGroup by 27.2% in the 2nd quarter. First Trust Advisors LP now owns 3,199,906 shares of the construction company’s stock valued at $337,462,000 after purchasing an additional 683,728 shares during the period. Invesco Ltd. grew its position in shares of PulteGroup by 0.9% during the 2nd quarter. Invesco Ltd. now owns 2,634,275 shares of the construction company’s stock worth $277,811,000 after purchasing an additional 23,051 shares in the last quarter. Finally, Massachusetts Financial Services Co. MA bought a new position in shares of PulteGroup during the third quarter worth approximately $315,883,000. Institutional investors own 89.90% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on the company. Raymond James Financial reiterated an “outperform” rating and issued a $145.00 price target on shares of PulteGroup in a research note on Wednesday, February 4th. Wall Street Zen upgraded PulteGroup from a “sell” rating to a “hold” rating in a research report on Sunday, January 11th. UBS Group reduced their target price on PulteGroup from $160.00 to $159.00 and set a “buy” rating on the stock in a report on Tuesday, January 6th. Zacks Research downgraded PulteGroup from a “hold” rating to a “strong sell” rating in a research note on Monday, January 26th. Finally, Citizens Jmp initiated coverage on shares of PulteGroup in a research report on Wednesday, January 7th. They set a “market outperform” rating and a $145.00 price objective for the company. Nine analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $140.15.

Insider Activity at PulteGroup

In other news, EVP Todd N. Sheldon sold 14,220 shares of the company’s stock in a transaction on Friday, February 6th. The shares were sold at an average price of $135.01, for a total transaction of $1,919,842.20. Following the completion of the transaction, the executive vice president directly owned 69,753 shares in the company, valued at approximately $9,417,352.53. This represents a 16.93% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Brien P. O’meara sold 4,000 shares of the stock in a transaction on Friday, February 6th. The shares were sold at an average price of $135.51, for a total value of $542,040.00. Following the completion of the transaction, the vice president owned 8,601 shares of the company’s stock, valued at $1,165,521.51. The trade was a 31.74% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders sold 144,779 shares of company stock worth $19,432,616. Corporate insiders own 0.76% of the company’s stock.

PulteGroup Price Performance

Shares of PHM stock opened at $142.42 on Friday. The business has a fifty day simple moving average of $126.37 and a 200 day simple moving average of $126.15. The company has a market cap of $27.39 billion, a P/E ratio of 12.81, a P/E/G ratio of 1.59 and a beta of 1.33. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 0.13. PulteGroup, Inc. has a twelve month low of $88.07 and a twelve month high of $143.66.

PulteGroup Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, April 2nd. Shareholders of record on Tuesday, March 17th will be given a $0.26 dividend. The ex-dividend date is Tuesday, March 17th. This represents a $1.04 dividend on an annualized basis and a yield of 0.7%. PulteGroup’s dividend payout ratio (DPR) is currently 9.35%.

PulteGroup Company Profile

PulteGroup, Inc (NYSE: PHM) is a U.S.-based residential homebuilder that designs, constructs and sells single-family homes and develops master-planned communities. The company operates multiple national and regional brands that target different buyer segments, including first-time buyers, move-up buyers and active-adult customers. Its operations encompass land acquisition and development, home design and construction, community amenities and ongoing customer service and warranty programs.

PulteGroup markets homes under several well-known brands, such as Pulte Homes, Centex and Del Webb, among others, offering a range of product types from entry-level detached homes to larger, higher-end residences and age-restricted active-adult communities.