Black Swift Group LLC Makes New $1.44 Million Investment in PulteGroup, Inc. (NYSE:PHM)

Black Swift Group LLC purchased a new position in shares of PulteGroup, Inc. (NYSE:PHM - Free Report) in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 10,000 shares of the construction company's stock, valued at approximately $1,435,000.

A number of other large investors also recently bought and sold shares of the stock. Blair William & Co. IL increased its holdings in PulteGroup by 1.9% in the 1st quarter. Blair William & Co. IL now owns 27,269 shares of the construction company's stock valued at $3,289,000 after purchasing an additional 516 shares in the last quarter. State Board of Administration of Florida Retirement System grew its stake in PulteGroup by 6.2% in the first quarter. State Board of Administration of Florida Retirement System now owns 297,544 shares of the construction company's stock worth $35,890,000 after purchasing an additional 17,369 shares in the last quarter. Lazard Asset Management LLC increased its holdings in PulteGroup by 1.1% in the first quarter. Lazard Asset Management LLC now owns 464,217 shares of the construction company's stock valued at $55,993,000 after buying an additional 5,022 shares during the last quarter. Shell Asset Management Co. raised its stake in PulteGroup by 135.5% during the first quarter. Shell Asset Management Co. now owns 8,932 shares of the construction company's stock valued at $1,077,000 after buying an additional 5,140 shares in the last quarter. Finally, Bessemer Group Inc. lifted its holdings in PulteGroup by 108.6% during the 1st quarter. Bessemer Group Inc. now owns 16,430 shares of the construction company's stock worth $1,981,000 after buying an additional 8,555 shares during the last quarter. Hedge funds and other institutional investors own 89.90% of the company's stock.

Insider Buying and Selling

In other PulteGroup news, CFO Robert Oshaughnessy sold 71,007 shares of the business's stock in a transaction on 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 sale, the chief financial officer now owns 89,323 shares of the company's stock, valued at $12,043,420.09. The trade was a 44.29 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Thomas J. Folliard sold 19,000 shares of the stock in a transaction dated 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 directly owns 45,230 shares of the company's stock, valued at $5,931,462.20. This trade represents a 29.58 % decrease in their position. The disclosure for this sale can be found here. 0.83% of the stock is currently owned by insiders.

PulteGroup Stock Up 1.6 %

Shares of PHM traded up $2.00 during mid-day trading on Thursday, hitting $129.48. 1,422,434 shares of the company's stock were exchanged, compared to its average volume of 1,841,290. 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. The firm has a fifty day moving average of $137.29 and a two-hundred day moving average of $125.14. The stock has a market cap of $26.55 billion, a price-to-earnings ratio of 9.55, a P/E/G ratio of 0.52 and a beta of 1.63.

PulteGroup (NYSE:PHM - Get Free Report) last posted its earnings results 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. The firm had revenue of $4.48 billion during the quarter, compared to analyst estimates of $4.27 billion. PulteGroup had a return on equity of 25.30% and a net margin of 16.64%. The company's revenue for the quarter was up 11.8% on a year-over-year basis. During the same period in the previous year, the company earned $2.90 EPS. On average, sell-side analysts forecast that PulteGroup, Inc. will post 12.94 earnings per share 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 paid a $0.22 dividend. This is an increase from PulteGroup's previous quarterly dividend of $0.20. This represents a $0.88 annualized dividend and a dividend yield of 0.68%. PulteGroup's dividend payout ratio (DPR) is presently 5.90%.

Wall Street Analyst Weigh In

Several research firms have recently commented on PHM. Wolfe Research lowered shares of PulteGroup from an "outperform" rating to a "peer perform" rating in a report on Wednesday, August 14th. BTIG Research raised their price target on PulteGroup from $139.00 to $156.00 and gave the stock a "buy" rating in a report on Wednesday, October 23rd. Oppenheimer lowered their price target on shares of PulteGroup from $168.00 to $165.00 and set an "outperform" rating for the company in a research report on Wednesday, October 23rd. Bank of America boosted their target price on shares of PulteGroup from $138.00 to $160.00 and gave the company a "buy" rating in a research note on Thursday, September 19th. Finally, UBS Group boosted their price target on PulteGroup from $148.00 to $154.00 and gave the stock a "neutral" rating in a research report on Wednesday, October 23rd. Six investment 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 currently has a consensus rating of "Moderate Buy" and a consensus price target of $145.00.

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.