PulteGroup, Inc. (NYSE:PHM) Stock Holdings Boosted by Wright Investors Service Inc.

Wright Investors Service Inc. raised its position in shares of PulteGroup, Inc. (NYSE:PHM - Free Report) by 17.4% in the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 31,580 shares of the construction company's stock after purchasing an additional 4,685 shares during the quarter. PulteGroup comprises 1.2% of Wright Investors Service Inc.'s portfolio, making the stock its 25th largest holding. Wright Investors Service Inc.'s holdings in PulteGroup were worth $4,533,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Blair William & Co. IL boosted its stake in shares of PulteGroup by 1.9% during the 1st quarter. Blair William & Co. IL now owns 27,269 shares of the construction company's stock worth $3,289,000 after acquiring an additional 516 shares in the last quarter. Banque Cantonale Vaudoise increased its position in PulteGroup by 166.6% during the first quarter. Banque Cantonale Vaudoise now owns 13,146 shares of the construction company's stock worth $1,586,000 after buying an additional 8,215 shares during the last quarter. State Board of Administration of Florida Retirement System grew its position in shares of 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 valued at $35,890,000 after purchasing an additional 17,369 shares during the last quarter. Personal CFO Solutions LLC acquired a new stake in shares of PulteGroup in the fourth quarter valued at about $719,000. Finally, Sumitomo Mitsui Trust Holdings Inc. grew its position in PulteGroup by 4.9% during the first quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 621,064 shares of the construction company's stock worth $74,913,000 after buying an additional 28,774 shares in the last quarter. 89.90% of the stock is owned by institutional investors.

PulteGroup Trading Down 2.5 %

PHM traded down $3.53 during trading on Friday, reaching $139.44. 1,457,686 shares of the company's stock were exchanged, compared to its average volume of 1,851,521. The company's fifty day moving average price is $132.62 and its 200-day moving average price is $120.64. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.76 and a current ratio of 0.76. PulteGroup, Inc. has a fifty-two week low of $68.80 and a fifty-two week high of $145.84. The firm has a market capitalization of $28.94 billion, a PE ratio of 11.16, a P/E/G ratio of 0.58 and a beta of 1.62.

PulteGroup (NYSE:PHM - Get Free Report) last announced its quarterly earnings results on Tuesday, July 23rd. The construction company reported $3.83 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.27 by $0.56. PulteGroup had a net margin of 16.75% and a return on equity of 25.67%. The company had revenue of $4.60 billion during the quarter, compared to analyst estimates of $4.49 billion. During the same quarter in the previous year, the business earned $3.00 EPS. The firm's revenue was up 9.8% on a year-over-year basis. As a group, equities analysts forecast that PulteGroup, Inc. will post 12.9 EPS for the current year.

PulteGroup Announces Dividend

The business also recently announced 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 yield of 0.57%. The ex-dividend date of this dividend was Tuesday, September 17th. PulteGroup's payout ratio is presently 6.41%.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on PHM. Citigroup decreased their target price on PulteGroup from $129.00 to $117.00 and set a "neutral" rating on the stock in a research report on Tuesday, July 2nd. Wolfe Research cut shares of PulteGroup from an "outperform" rating to a "peer perform" rating in a research note on Wednesday, August 14th. Oppenheimer raised their price target on shares of PulteGroup from $151.00 to $168.00 and gave the stock an "outperform" rating in a research note on Wednesday. Wedbush restated a "neutral" rating and set a $115.00 price target on shares of PulteGroup in a research note on Friday, August 16th. Finally, JPMorgan Chase & Co. raised their price target on shares of PulteGroup from $141.00 to $152.00 and gave the stock an "overweight" rating in a research note on Thursday, July 25th. Six research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company's stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $135.93.

Insider Buying and Selling

In related news, CFO Robert Oshaughnessy sold 28,993 shares of the company's stock in a transaction on Thursday, August 1st. The shares were sold at an average price of $129.29, for a total value of $3,748,504.97. Following the completion of the transaction, the chief financial officer now directly owns 160,330 shares of the company's stock, valued at approximately $20,729,065.70. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other PulteGroup news, Director Thomas J. Folliard sold 19,000 shares of the business's stock in a transaction dated Wednesday, August 28th. The shares were sold at an average price of $131.14, for a total transaction of $2,491,660.00. Following the sale, the director now directly owns 45,230 shares of the company's stock, valued at $5,931,462.20. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. Also, CFO Robert Oshaughnessy sold 28,993 shares of the business's stock in a transaction dated Thursday, August 1st. The stock was sold at an average price of $129.29, for a total transaction of $3,748,504.97. Following the sale, the chief financial officer now directly owns 160,330 shares in the company, valued at $20,729,065.70. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 119,000 shares of company stock valued at $15,814,039. Company insiders own 0.83% of the company's stock.

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.

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