PulteGroup, Inc. (NYSE:PHM) Shares Sold by Banque Cantonale Vaudoise

Banque Cantonale Vaudoise cut its holdings in PulteGroup, Inc. (NYSE:PHM - Free Report) by 58.7% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 3,728 shares of the construction company's stock after selling 5,308 shares during the quarter. Banque Cantonale Vaudoise's holdings in PulteGroup were worth $535,000 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in PHM. Fifth Third Wealth Advisors LLC lifted its holdings in PulteGroup by 5.0% during the third quarter. Fifth Third Wealth Advisors LLC now owns 2,426 shares of the construction company's stock valued at $348,000 after purchasing an additional 115 shares in the last quarter. Prospera Financial Services Inc lifted its stake in PulteGroup by 4.8% in the 3rd quarter. Prospera Financial Services Inc now owns 9,654 shares of the construction company's stock valued at $1,386,000 after buying an additional 438 shares in the last quarter. Knuff & Co LLC raised its stake in PulteGroup by 62.8% in the 3rd quarter. Knuff & Co LLC now owns 4,747 shares of the construction company's stock valued at $681,000 after purchasing an additional 1,832 shares during the last quarter. Caprock Group LLC boosted its stake in PulteGroup by 16.5% during the 3rd quarter. Caprock Group LLC now owns 28,129 shares of the construction company's stock worth $4,043,000 after purchasing an additional 3,993 shares during the last quarter. Finally, Baron Wealth Management LLC acquired a new stake in shares of PulteGroup in the third quarter valued at about $297,000. 89.90% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

PHM has been the subject of several research reports. Raymond James upped their price objective on shares of PulteGroup from $135.00 to $145.00 and gave the company an "outperform" rating in a research note on Thursday, July 25th. Wells Fargo & Company lifted their price objective on PulteGroup from $150.00 to $165.00 and gave the stock an "overweight" rating in a research report on Monday, October 7th. Wolfe Research cut PulteGroup from an "outperform" rating to a "peer perform" rating in a report on Wednesday, August 14th. Bank of America raised their target price on PulteGroup from $138.00 to $160.00 and gave the stock a "buy" rating in a research note on Thursday, September 19th. Finally, UBS Group upped their price objective on shares of PulteGroup from $148.00 to $154.00 and gave the company a "neutral" rating 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 company's stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $145.00.

Insider Buying and Selling

In related news, Director Thomas J. Folliard sold 19,000 shares of the business's stock in a transaction 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 completion of the transaction, the director now owns 45,230 shares in the company, valued at approximately $5,931,462.20. The trade was a 29.58 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders own 0.83% of the company's stock.

PulteGroup Stock Up 1.3 %

PulteGroup stock traded up $1.64 during mid-day trading on Friday, reaching $129.76. 1,315,140 shares of the company's stock were exchanged, compared to its average volume of 1,827,311. The company has a fifty day moving average of $136.94 and a 200-day moving average of $125.69. The company has a market cap of $26.61 billion, a P/E ratio of 9.57, a P/E/G ratio of 0.52 and a beta of 1.63. The company has a quick ratio of 0.73, a current ratio of 0.73 and a debt-to-equity ratio of 0.14. PulteGroup, Inc. has a twelve month low of $86.59 and a twelve month high of $149.47.

PulteGroup (NYSE:PHM - Get Free Report) last released its earnings results on Tuesday, October 22nd. The construction company reported $3.35 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $3.10 by $0.25. PulteGroup had a return on equity of 25.30% and a net margin of 16.64%. The firm had revenue of $4.48 billion during the quarter, compared to analyst estimates of $4.27 billion. During the same period last year, the business posted $2.90 earnings per share. PulteGroup's revenue was up 11.8% compared to the same quarter last year. Sell-side analysts expect 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. Stockholders of record on Tuesday, December 17th will be given a dividend of $0.22 per share. The ex-dividend date of this dividend is Tuesday, December 17th. This is an increase from PulteGroup's previous quarterly dividend of $0.20. This represents a $0.88 dividend on an annualized basis and a dividend yield of 0.68%. PulteGroup's payout ratio is currently 6.49%.

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.