Cetera Investment Advisers Purchases 5,794 Shares of PulteGroup, Inc. (NYSE:PHM)

Cetera Investment Advisers boosted its holdings in PulteGroup, Inc. (NYSE:PHM - Free Report) by 6.1% during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 100,382 shares of the construction company's stock after buying an additional 5,794 shares during the quarter. Cetera Investment Advisers' holdings in PulteGroup were worth $11,052,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of PHM. Benjamin Edwards Inc. acquired a new stake in shares of PulteGroup during the first quarter valued at about $26,000. WR Wealth Planners LLC boosted its stake 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 valued at $26,000 after purchasing an additional 82 shares in the last quarter. LRI Investments LLC acquired a new stake in shares of PulteGroup during the first quarter valued at about $28,000. Rothschild Investment LLC acquired a new stake in shares of PulteGroup during the second quarter valued at about $31,000. Finally, Candriam S.C.A. acquired a new stake in shares of PulteGroup during the second quarter valued at about $33,000. 89.90% of the stock is owned by institutional investors and hedge funds.

PulteGroup Stock Down 2.5 %

PulteGroup stock traded down $3.53 during mid-day trading on Friday, reaching $139.44. The stock had a trading volume of 1,457,686 shares, compared to its average volume of 2,002,220. 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 stock's 50-day simple moving average is $132.62 and its 200-day simple moving average is $120.75. The firm has a market capitalization of $28.94 billion, a PE ratio of 11.16, a price-to-earnings-growth ratio of 0.58 and a beta of 1.62.

PulteGroup (NYSE:PHM - Get Free Report) last announced its quarterly earnings data on Tuesday, July 23rd. The construction company reported $3.83 EPS for the quarter, beating analysts' consensus estimates of $3.27 by $0.56. PulteGroup had a return on equity of 25.67% and a net margin of 16.75%. The firm had revenue of $4.60 billion during the quarter, compared to analysts' expectations of $4.49 billion. During the same quarter last year, the firm posted $3.00 earnings per share. The company's revenue for the quarter was up 9.8% compared to the same quarter last year. On average, sell-side analysts forecast that PulteGroup, Inc. will post 12.9 EPS for the current fiscal year.

PulteGroup Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, October 2nd. Investors of record on Tuesday, September 17th were given a dividend of $0.20 per share. The ex-dividend date was Tuesday, September 17th. This represents a $0.80 annualized dividend and a dividend yield of 0.57%. PulteGroup's payout ratio is 6.41%.

Insider Activity at PulteGroup

In related news, CFO Robert Oshaughnessy sold 28,993 shares of PulteGroup stock in a transaction that occurred on 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 transaction, the chief financial officer now owns 160,330 shares of the company's stock, valued at $20,729,065.70. 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 is available at this link. In other PulteGroup news, Director Thomas J. Folliard sold 19,000 shares of the business's 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 approximately $5,931,462.20. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Robert Oshaughnessy sold 28,993 shares of the business's stock in a transaction on Thursday, August 1st. The stock was 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 in the company, valued at approximately $20,729,065.70. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 119,000 shares of company stock valued at $15,814,039 over the last 90 days. Insiders own 0.83% of the company's stock.

Analyst Ratings Changes

A number of analysts have recently commented on the company. Wolfe Research lowered PulteGroup from an "outperform" rating to a "peer perform" rating in a research note on Wednesday, August 14th. Raymond James raised their price objective on PulteGroup from $135.00 to $145.00 and gave the stock an "outperform" rating in a research report on Thursday, July 25th. Oppenheimer raised their price objective on PulteGroup from $151.00 to $168.00 and gave the stock an "outperform" rating in a research report on Wednesday. Wedbush restated a "neutral" rating and set a $115.00 price objective on shares of PulteGroup in a research report on Friday, August 16th. Finally, BTIG Research raised their price objective on PulteGroup from $133.00 to $139.00 and gave the stock a "buy" rating in a research report on Wednesday, July 24th. Six analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $135.93.

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.