Aptus Capital Advisors LLC Raises Stock Holdings in PulteGroup, Inc. (NYSE:PHM)

Aptus Capital Advisors LLC raised its holdings in PulteGroup, Inc. (NYSE:PHM - Free Report) by 19.9% during the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 111,041 shares of the construction company's stock after buying an additional 18,393 shares during the quarter. Aptus Capital Advisors LLC owned about 0.05% of PulteGroup worth $15,938,000 at the end of the most recent quarter.

Several other hedge funds have also recently made changes to their positions in the business. Ashton Thomas Private Wealth LLC increased its stake in shares of PulteGroup by 3.0% during the third quarter. Ashton Thomas Private Wealth LLC now owns 3,054 shares of the construction company's stock valued at $438,000 after purchasing an additional 88 shares in the last quarter. Jupiter Wealth Management LLC raised its position in shares of PulteGroup by 6.1% in the 3rd quarter. Jupiter Wealth Management LLC now owns 13,602 shares of the construction company's stock worth $1,952,000 after purchasing an additional 780 shares during the last quarter. Tyler Stone Wealth Management increased its stake in PulteGroup by 115.6% during the 3rd quarter. Tyler Stone Wealth Management now owns 11,534 shares of the construction company's stock valued at $1,655,000 after purchasing an additional 6,184 shares in the last quarter. Baker Avenue Asset Management LP bought a new position in shares of PulteGroup in the third quarter worth approximately $413,000. Finally, Colonial River Investments LLC purchased a new stake in shares of PulteGroup during the third quarter valued at approximately $433,000. 89.90% of the stock is owned by hedge funds and other institutional investors.

PulteGroup Price Performance

Shares of PulteGroup stock traded down $4.59 during trading hours on Tuesday, reaching $128.87. The company's stock had a trading volume of 1,410,201 shares, compared to its average volume of 1,843,108. The firm has a 50 day moving average price of $137.30 and a 200-day moving average price of $125.02. The company has a debt-to-equity ratio of 0.14, a current ratio of 0.73 and a quick ratio of 0.73. The stock has a market cap of $26.43 billion, a P/E ratio of 9.84, a P/E/G ratio of 0.54 and a beta of 1.63. PulteGroup, Inc. has a one year low of $81.00 and a one year high of $149.47.

PulteGroup (NYSE:PHM - Get Free Report) last issued its quarterly earnings data on Tuesday, October 22nd. The construction company reported $3.35 earnings per share for the quarter, topping the consensus estimate of $3.10 by $0.25. PulteGroup had a return on equity of 25.30% and a net margin of 16.64%. The company had revenue of $4.48 billion for the quarter, compared to analysts' expectations of $4.27 billion. During the same period in the previous year, the firm posted $2.90 earnings per share. The firm's revenue for the quarter was up 11.8% on a year-over-year basis. On average, analysts predict that PulteGroup, Inc. will post 12.94 EPS for the current year.

PulteGroup Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, October 2nd. Investors of record on Tuesday, September 17th were given a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a yield of 0.62%. The ex-dividend date of this dividend was Tuesday, September 17th. PulteGroup's dividend payout ratio (DPR) is currently 5.90%.

Wall Street Analyst Weigh In

PHM has been the subject of a number of recent analyst reports. Wedbush reaffirmed a "neutral" rating and issued a $115.00 price objective on shares of PulteGroup in a research report on Tuesday, October 22nd. Wells Fargo & Company upped their price target on PulteGroup from $150.00 to $165.00 and gave the company an "overweight" rating in a report on Monday, October 7th. JPMorgan Chase & Co. lifted their price objective on PulteGroup from $141.00 to $152.00 and gave the stock an "overweight" rating in a report on Thursday, July 25th. Barclays upped their target price on shares of PulteGroup from $131.00 to $150.00 and gave the company an "overweight" rating in a research note on Wednesday, July 24th. Finally, Wolfe Research lowered shares of PulteGroup from an "outperform" rating to a "peer perform" rating in a research note on Wednesday, August 14th. Six equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $145.00.

Insiders Place Their Bets

In related news, Director Thomas J. Folliard sold 19,000 shares of the business's stock in a transaction on Wednesday, August 28th. The stock was sold at an average price of $131.14, for a total transaction of $2,491,660.00. Following the completion of the transaction, the director now owns 45,230 shares in the company, valued at $5,931,462.20. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In other PulteGroup news, CFO Robert Oshaughnessy sold 71,007 shares of the company's stock in a transaction dated 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 represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Thomas J. Folliard sold 19,000 shares of PulteGroup stock in a transaction that occurred on Wednesday, August 28th. The shares were sold at an average price of $131.14, for a total transaction of $2,491,660.00. Following the sale, the director now directly owns 45,230 shares of the company's stock, valued at $5,931,462.20. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. 0.83% of the stock is owned by insiders.

PulteGroup Company 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.