PulteGroup, Inc. (NYSE:PHM) Shares Sold by ING Groep NV

ING Groep NV cut its holdings in PulteGroup, Inc. (NYSE:PHM - Free Report) by 52.2% in the 3rd quarter, according to its most recent 13F filing with the SEC. The fund owned 27,754 shares of the construction company's stock after selling 30,250 shares during the period. ING Groep NV's holdings in PulteGroup were worth $3,984,000 at the end of the most recent reporting period.

A number of other large investors also recently made changes to their positions in the business. Fortitude Family Office LLC grew its holdings in PulteGroup by 115.1% in the third quarter. Fortitude Family Office LLC now owns 185 shares of the construction company's stock valued at $27,000 after purchasing an additional 99 shares during the period. Transcendent Capital Group LLC acquired a new stake in shares of PulteGroup during the 3rd quarter worth $29,000. WR Wealth Planners LLC raised its position in shares of PulteGroup by 54.7% in the 2nd quarter. WR Wealth Planners LLC now owns 232 shares of the construction company's stock worth $26,000 after buying an additional 82 shares during the period. LRI Investments LLC acquired a new position in PulteGroup in the first quarter valued at $28,000. Finally, Rothschild Investment LLC purchased a new stake in PulteGroup during the second quarter valued at about $31,000. Hedge funds and other institutional investors own 89.90% of the company's stock.

Insiders Place Their Bets

In other news, CFO Robert Oshaughnessy sold 71,007 shares of PulteGroup 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 completion of the transaction, the chief financial officer now directly owns 89,323 shares of the company's stock, valued at approximately $12,043,420.09. The trade was a 44.29 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through 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 value of $2,491,660.00. Following the completion of the transaction, the director now owns 45,230 shares of the company's stock, valued at approximately $5,931,462.20. The trade was a 29.58 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.83% of the stock is currently owned by company insiders.

PulteGroup Stock Down 0.4 %

Shares of PulteGroup stock traded down $0.55 on Friday, hitting $128.89. 1,509,994 shares of the company's stock traded hands, compared to its average volume of 1,839,799. The company has a quick ratio of 0.73, a current ratio of 0.73 and a debt-to-equity ratio of 0.14. The firm's 50-day moving average is $137.29 and its 200 day moving average is $125.27. The stock has a market cap of $26.43 billion, a P/E ratio of 9.51, a PEG ratio of 0.52 and a beta of 1.63. PulteGroup, Inc. has a 52-week low of $86.59 and a 52-week high of $149.47.

PulteGroup (NYSE:PHM - Get Free Report) last announced 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. The company had revenue of $4.48 billion during the quarter, compared to analyst estimates of $4.27 billion. PulteGroup had a net margin of 16.64% and a return on equity of 25.30%. The firm's revenue for the quarter was up 11.8% compared to the same quarter last year. During the same period last year, the business earned $2.90 EPS. Equities analysts anticipate that PulteGroup, Inc. will post 12.94 earnings per share for the current year.

PulteGroup Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, January 3rd. Shareholders of record on Tuesday, December 17th will be paid a dividend of $0.22 per share. The ex-dividend date of this dividend is Tuesday, December 17th. This represents a $0.88 annualized dividend and a yield of 0.68%. This is a boost from PulteGroup's previous quarterly dividend of $0.20. PulteGroup's dividend payout ratio is presently 5.90%.

Analysts Set New Price Targets

A number of equities analysts have recently commented on PHM shares. UBS Group raised their price objective on PulteGroup from $148.00 to $154.00 and gave the stock a "neutral" rating in a report on Wednesday, October 23rd. Evercore ISI reduced their price target on shares of PulteGroup from $198.00 to $195.00 and set an "outperform" rating on the stock in a research report on Wednesday, October 23rd. Raymond James increased their price objective on shares of PulteGroup from $135.00 to $145.00 and gave the stock an "outperform" rating in a research report on Thursday, July 25th. Wolfe Research lowered shares of PulteGroup from an "outperform" rating to a "peer perform" rating in a report on Wednesday, August 14th. Finally, Barclays upped their price target on shares of PulteGroup from $131.00 to $150.00 and gave the stock an "overweight" rating in a research report on Wednesday, July 24th. Six equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average 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.