National Pension Service Has $62.81 Million Stake in PulteGroup, Inc. (NYSE:PHM)

National Pension Service lessened its holdings in PulteGroup, Inc. (NYSE:PHM - Free Report) by 16.7% in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 437,619 shares of the construction company's stock after selling 87,599 shares during the period. National Pension Service owned approximately 0.21% of PulteGroup worth $62,811,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of PHM. WR Wealth Planners LLC lifted its holdings in shares of PulteGroup by 54.7% during the second quarter. WR Wealth Planners LLC now owns 232 shares of the construction company's stock worth $26,000 after purchasing an additional 82 shares during the period. Fortitude Family Office LLC lifted its stake in shares of PulteGroup by 115.1% during the 3rd quarter. Fortitude Family Office LLC now owns 185 shares of the construction company's stock worth $27,000 after purchasing an additional 99 shares during the period. LRI Investments LLC acquired a new stake in PulteGroup in the 1st quarter worth about $28,000. Rothschild Investment LLC acquired a new stake in shares of PulteGroup in the second quarter worth approximately $31,000. Finally, Candriam S.C.A. purchased a new stake in shares of PulteGroup during the 2nd quarter valued at $33,000. 89.90% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research firms have commented on PHM. Wolfe Research lowered PulteGroup from an "outperform" rating to a "peer perform" rating in a research report on Wednesday, August 14th. UBS Group boosted their target price on shares of PulteGroup from $148.00 to $154.00 and gave the company a "neutral" rating in a research note on Wednesday, October 23rd. Barclays upped their target price on PulteGroup from $131.00 to $150.00 and gave the company an "overweight" rating in a report on Wednesday, July 24th. Royal Bank of Canada upped their target price on shares of PulteGroup from $113.00 to $120.00 and gave the stock a "sector perform" rating in a research report on Wednesday, July 24th. Finally, Wedbush reissued a "neutral" rating and issued a $115.00 price objective on shares of PulteGroup in a report on Tuesday, October 22nd. Six investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $145.00.

Insider Activity at PulteGroup

In related news, Director Thomas J. Folliard sold 19,000 shares of the company's stock in a transaction dated 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 transaction, the director now owns 45,230 shares in the company, valued at approximately $5,931,462.20. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, Director Thomas J. Folliard sold 19,000 shares of the company's stock in a transaction dated 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 transaction, the director now directly owns 45,230 shares in the company, valued at approximately $5,931,462.20. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CFO Robert Oshaughnessy sold 71,007 shares of PulteGroup stock in a transaction dated Friday, August 23rd. The stock was 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 of the company's stock, valued at $12,043,420.09. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. 0.75% of the stock is owned by company insiders.

PulteGroup Trading Down 3.1 %

NYSE PHM traded down $4.09 during trading on Wednesday, reaching $129.17. 3,670,186 shares of the stock traded hands, compared to its average volume of 1,848,776. PulteGroup, Inc. has a fifty-two week low of $80.60 and a fifty-two week high of $149.47. The firm has a market cap of $26.49 billion, a price-to-earnings ratio of 9.53, a price-to-earnings-growth ratio of 0.53 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. The stock's 50-day moving average price is $137.23 and its 200 day moving average price is $124.47.

PulteGroup (NYSE:PHM - Get Free Report) last announced its quarterly earnings results on Tuesday, October 22nd. The construction company reported $3.35 earnings per share for the quarter, beating analysts' consensus estimates of $3.10 by $0.25. The firm had revenue of $4.48 billion for 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 business's revenue was up 11.8% on a year-over-year basis. During the same quarter in the previous year, the firm posted $2.90 earnings per share. Analysts predict that PulteGroup, Inc. will post 12.92 EPS for the current year.

PulteGroup Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, October 2nd. Shareholders of record on Tuesday, September 17th were given a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a yield of 0.62%. The ex-dividend date of this dividend was Tuesday, September 17th. PulteGroup's dividend payout ratio (DPR) 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.