Atria Investments Inc Purchases 12,086 Shares of PulteGroup, Inc. $PHM

Atria Investments Inc boosted its position in PulteGroup, Inc. (NYSE:PHM) by 91.5% during the third quarter, according to its most recent 13F filing with the SEC. The firm owned 25,291 shares of the construction company’s stock after acquiring an additional 12,086 shares during the period. Atria Investments Inc’s holdings in PulteGroup were worth $3,342,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in PHM. Caprock Group LLC bought a new stake in shares of PulteGroup in the third quarter valued at approximately $6,062,000. Stratos Wealth Partners LTD. grew its stake in PulteGroup by 12.7% in the 3rd quarter. Stratos Wealth Partners LTD. now owns 2,141 shares of the construction company’s stock valued at $283,000 after buying an additional 241 shares in the last quarter. Baader Bank Aktiengesellschaft bought a new stake in PulteGroup during the 3rd quarter valued at $449,000. Oppenheimer & Co. Inc. raised its holdings in PulteGroup by 5.4% during the 3rd quarter. Oppenheimer & Co. Inc. now owns 49,103 shares of the construction company’s stock valued at $6,488,000 after acquiring an additional 2,524 shares during the period. Finally, Candriam S.C.A. raised its holdings in PulteGroup by 7.2% during the 3rd quarter. Candriam S.C.A. now owns 55,617 shares of the construction company’s stock valued at $7,349,000 after acquiring an additional 3,737 shares during the period. 89.90% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on the company. Barclays set a $115.00 price target on PulteGroup in a report on Monday, December 8th. Wedbush restated an “outperform” rating and issued a $150.00 target price on shares of PulteGroup in a research note on Tuesday, October 21st. Citigroup lifted their target price on PulteGroup from $128.00 to $136.00 and gave the company a “neutral” rating in a report on Tuesday, February 3rd. Evercore increased their price target on shares of PulteGroup from $134.00 to $143.00 in a report on Friday, January 30th. Finally, Wells Fargo & Company raised their price objective on shares of PulteGroup from $132.00 to $150.00 and gave the company an “overweight” rating in a research report on Wednesday, January 14th. Nine research analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $140.15.

PulteGroup Stock Performance

NYSE:PHM opened at $142.42 on Monday. The stock has a market cap of $27.39 billion, a P/E ratio of 12.81, a PEG ratio of 1.66 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. The business’s 50-day moving average price is $126.37 and its two-hundred day moving average price is $126.30. 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 declared a quarterly dividend, which will be paid on Thursday, April 2nd. Stockholders of record on Tuesday, March 17th will be issued a $0.26 dividend. The ex-dividend date of this dividend is Tuesday, March 17th. This represents a $1.04 dividend on an annualized basis and a dividend yield of 0.7%. PulteGroup’s dividend payout ratio is presently 9.35%.

Insider Activity at PulteGroup

In other PulteGroup news, insider Ryan Marshall sold 111,250 shares of the firm’s stock in a transaction dated Thursday, February 5th. The stock was sold at an average price of $133.86, for a total transaction of $14,891,925.00. Following the sale, the insider owned 659,392 shares in the company, valued at $88,266,213.12. This trade represents a 14.44% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Todd N. Sheldon sold 14,220 shares of the company’s stock in a transaction dated Friday, February 6th. The stock was sold at an average price of $135.01, for a total value of $1,919,842.20. Following the completion of the transaction, the executive vice president owned 69,753 shares of the company’s stock, valued at $9,417,352.53. The trade was a 16.93% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last 90 days, insiders have sold 144,779 shares of company stock worth $19,432,616. Corporate insiders own 0.76% of the company’s stock.

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.