CWA Asset Management Group LLC Takes Position in PulteGroup, Inc. (NYSE:PHM)

CWA Asset Management Group LLC purchased a new stake in 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. The institutional investor purchased 51,504 shares of the construction company's stock, valued at approximately $7,392,000.

Other hedge funds also recently modified their holdings of the company. Blair William & Co. IL lifted its position in PulteGroup by 1.9% in the first quarter. Blair William & Co. IL now owns 27,269 shares of the construction company's stock worth $3,289,000 after purchasing an additional 516 shares during the period. State Board of Administration of Florida Retirement System boosted its position in shares of PulteGroup by 6.2% during the 1st quarter. State Board of Administration of Florida Retirement System now owns 297,544 shares of the construction company's stock valued at $35,890,000 after acquiring an additional 17,369 shares in the last quarter. Lazard Asset Management LLC increased its stake 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 acquiring an additional 5,022 shares during the period. Russell Investments Group Ltd. raised its position in PulteGroup by 34.4% in the first quarter. Russell Investments Group Ltd. now owns 679,940 shares of the construction company's stock worth $81,901,000 after purchasing an additional 173,914 shares in the last quarter. Finally, Shell Asset Management Co. raised its position in PulteGroup by 135.5% in the first quarter. Shell Asset Management Co. now owns 8,932 shares of the construction company's stock worth $1,077,000 after purchasing an additional 5,140 shares in the last quarter. Institutional investors own 89.90% of the company's stock.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on the company. Oppenheimer lowered their price objective on PulteGroup from $168.00 to $165.00 and set an "outperform" rating on the stock in a research note on Wednesday, October 23rd. Barclays increased their price objective on PulteGroup from $131.00 to $150.00 and gave the stock an "overweight" rating in a research note on Wednesday, July 24th. JPMorgan Chase & Co. boosted their target price on shares of PulteGroup from $141.00 to $152.00 and gave the company an "overweight" rating in a research note on Thursday, July 25th. Evercore ISI dropped their target price on shares of PulteGroup from $198.00 to $195.00 and set an "outperform" rating for the company in a research report on Wednesday, October 23rd. Finally, Royal Bank of Canada lifted their price target on shares of PulteGroup from $113.00 to $120.00 and gave the company a "sector perform" rating in a report on Wednesday, July 24th. Six research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $145.00.

Insiders Place Their Bets

In other news, Director Thomas J. Folliard sold 19,000 shares of the stock in a transaction on Wednesday, August 28th. The stock was sold at an average price of $131.14, for a total value of $2,491,660.00. Following the transaction, the director now 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 transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. In other news, Director Thomas J. Folliard sold 19,000 shares of the company's stock in a transaction dated Wednesday, August 28th. The stock was sold at an average price of $131.14, for a total value of $2,491,660.00. Following the completion of 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 sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CFO Robert Oshaughnessy sold 71,007 shares of the stock in a transaction that occurred on Friday, August 23rd. The shares were sold at an average price of $134.83, for a total transaction of $9,573,873.81. Following the completion of the sale, the chief financial officer now owns 89,323 shares in the company, valued at $12,043,420.09. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 0.83% of the company's stock.

PulteGroup Trading Up 1.2 %

Shares of PHM stock traded up $1.54 on Friday, reaching $132.70. 1,599,269 shares of the stock were exchanged, compared to its average volume of 1,846,435. The company has a debt-to-equity ratio of 0.14, a current ratio of 0.73 and a quick ratio of 0.73. PulteGroup, Inc. has a one year low of $80.60 and a one year high of $149.47. The stock has a market cap of $27.21 billion, a PE ratio of 9.79, a P/E/G ratio of 0.53 and a beta of 1.63. The stock has a 50 day moving average price of $137.27 and a 200 day moving average price of $124.69.

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 net margin of 16.64% and a return on equity of 25.30%. The company had revenue of $4.48 billion for the quarter, compared to the consensus estimate of $4.27 billion. During the same period in the prior year, the company posted $2.90 EPS. The company's revenue was up 11.8% compared to the same quarter last year. Equities research analysts forecast that PulteGroup, Inc. will post 12.92 EPS for the current fiscal year.

PulteGroup Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, October 2nd. Shareholders of record on Tuesday, September 17th were paid a $0.20 dividend. The ex-dividend date of this dividend was Tuesday, September 17th. This represents a $0.80 dividend on an annualized basis and a yield of 0.60%. PulteGroup's payout ratio is presently 5.90%.

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.