Los Angeles Capital Management LLC Sells 378,475 Shares of PulteGroup, Inc. (NYSE:PHM)

Los Angeles Capital Management LLC decreased its position in shares of PulteGroup, Inc. (NYSE:PHM - Free Report) by 29.3% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 913,284 shares of the construction company's stock after selling 378,475 shares during the period. Los Angeles Capital Management LLC owned approximately 0.45% of PulteGroup worth $131,084,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. Envestnet Portfolio Solutions Inc. grew its holdings in shares of PulteGroup by 9.0% during the 1st quarter. Envestnet Portfolio Solutions Inc. now owns 16,479 shares of the construction company's stock worth $1,988,000 after purchasing an additional 1,357 shares in the last quarter. SG Americas Securities LLC increased its position in shares of PulteGroup by 291.1% in the first quarter. SG Americas Securities LLC now owns 31,824 shares of the construction company's stock worth $3,839,000 after purchasing an additional 23,687 shares during the period. Forsta AP Fonden grew its position in PulteGroup by 9.2% in the first quarter. Forsta AP Fonden now owns 41,600 shares of the construction company's stock valued at $5,018,000 after acquiring an additional 3,500 shares during the last quarter. Atomi Financial Group Inc. grew its position in PulteGroup by 6.3% in the first quarter. Atomi Financial Group Inc. now owns 4,082 shares of the construction company's stock valued at $492,000 after acquiring an additional 241 shares during the last quarter. Finally, Concurrent Investment Advisors LLC bought a new position in PulteGroup in the first quarter valued at about $298,000. Institutional investors own 89.90% of the company's stock.

Analysts Set New Price Targets

A number of research analysts have issued reports on the company. BTIG Research lifted their target price on PulteGroup from $139.00 to $156.00 and gave the company a "buy" rating in a research report on Wednesday, October 23rd. Barclays lifted their target price on PulteGroup from $131.00 to $150.00 and gave the company an "overweight" rating in a research report on Wednesday, July 24th. Wolfe Research cut PulteGroup from an "outperform" rating to a "peer perform" rating in a research report on Wednesday, August 14th. JPMorgan Chase & Co. lifted their target price on PulteGroup from $141.00 to $152.00 and gave the company an "overweight" rating in a research report on Thursday, July 25th. Finally, Wells Fargo & Company lifted their target price on PulteGroup from $150.00 to $165.00 and gave the company an "overweight" rating in a research report on Monday, October 7th. Six 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 stock has an average rating of "Moderate Buy" and a consensus target price of $145.00.

Insider Buying and Selling

In other PulteGroup news, Director Thomas J. Folliard sold 19,000 shares of the business's stock in a transaction that occurred 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 directly owns 45,230 shares of the company's stock, valued at approximately $5,931,462.20. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other PulteGroup news, Director Thomas J. Folliard sold 19,000 shares of the business's stock in a transaction that occurred 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 directly owns 45,230 shares of the company's stock, valued at approximately $5,931,462.20. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Robert Oshaughnessy sold 71,007 shares of the business's stock in a transaction that occurred 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 completion of the transaction, the chief financial officer now directly owns 89,323 shares in the company, valued at approximately $12,043,420.09. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.83% of the stock is owned by insiders.

PulteGroup Trading Up 1.2 %

Shares of PulteGroup stock traded up $1.54 during midday trading on Friday, reaching $132.70. The company had a trading volume of 1,599,269 shares, compared to its average volume of 1,931,239. The stock has a fifty day moving average price of $137.27 and a 200 day moving average price of $124.77. 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 firm has a market cap of $27.21 billion, a PE ratio of 9.79, a P/E/G ratio of 0.54 and a beta of 1.63. PulteGroup, Inc. has a fifty-two week low of $80.60 and a fifty-two week high of $149.47.

PulteGroup (NYSE:PHM - Get Free Report) last posted its quarterly earnings data on Tuesday, October 22nd. The construction company reported $3.35 EPS for the quarter, topping analysts' consensus estimates of $3.10 by $0.25. The company had revenue of $4.48 billion for 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 firm's quarterly revenue was up 11.8% on a year-over-year basis. During the same period in the previous year, the firm earned $2.90 earnings per share. On average, equities analysts anticipate that PulteGroup, Inc. will post 12.94 earnings per share for the current year.

PulteGroup Dividend Announcement

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