B.O.S.S. Retirement Advisors LLC Takes Position in PulteGroup, Inc. (NYSE:PHM)

B.O.S.S. Retirement Advisors LLC acquired a new position in shares of PulteGroup, Inc. (NYSE:PHM - Free Report) in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 17,107 shares of the construction company's stock, valued at approximately $2,455,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Greenhaven Associates Inc. increased its holdings in PulteGroup by 0.3% during the 3rd quarter. Greenhaven Associates Inc. now owns 5,593,179 shares of the construction company's stock worth $802,789,000 after purchasing an additional 16,871 shares in the last quarter. Pacer Advisors Inc. increased its holdings in PulteGroup by 8.6% during the 2nd quarter. Pacer Advisors Inc. now owns 2,968,788 shares of the construction company's stock worth $326,864,000 after purchasing an additional 235,826 shares in the last quarter. Hsbc Holdings PLC boosted its stake in shares of PulteGroup by 19.6% in the 2nd quarter. Hsbc Holdings PLC now owns 1,529,698 shares of the construction company's stock worth $168,254,000 after buying an additional 250,937 shares during the last quarter. Captrust Financial Advisors boosted its stake in shares of PulteGroup by 18.4% in the 1st quarter. Captrust Financial Advisors now owns 1,085,939 shares of the construction company's stock worth $130,986,000 after buying an additional 168,746 shares during the last quarter. Finally, Victory Capital Management Inc. boosted its stake in shares of PulteGroup by 5.9% in the 2nd quarter. Victory Capital Management Inc. now owns 964,422 shares of the construction company's stock worth $106,183,000 after buying an additional 53,924 shares during the last quarter. 89.90% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on PHM shares. Barclays boosted their target price on PulteGroup from $131.00 to $150.00 and gave the stock an "overweight" rating in a research note on Wednesday, July 24th. Bank of America boosted their target price on PulteGroup from $138.00 to $160.00 and gave the stock a "buy" rating in a research note on Thursday, September 19th. Citigroup cut their target price on PulteGroup from $129.00 to $117.00 and set a "neutral" rating on the stock in a research note on Tuesday, July 2nd. Wells Fargo & Company boosted their target price on PulteGroup from $150.00 to $165.00 and gave the stock an "overweight" rating in a research note on Monday, October 7th. Finally, Raymond James boosted their target price on PulteGroup from $135.00 to $145.00 and gave the stock an "outperform" rating in a research note on Thursday, July 25th. Six equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $141.14.

PulteGroup Stock Performance

Shares of NYSE:PHM traded down $0.84 during trading on Thursday, hitting $145.96. 1,430,397 shares of the company were exchanged, compared to its average volume of 1,822,894. The company has a market cap of $30.70 billion, a PE ratio of 11.69, a P/E/G ratio of 0.57 and a beta of 1.62. The stock has a 50 day moving average of $135.27 and a 200 day moving average of $122.22. PulteGroup, Inc. has a 52-week low of $68.80 and a 52-week high of $147.46. The company has a debt-to-equity ratio of 0.15, a current ratio of 0.76 and a quick ratio of 0.76.

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

PulteGroup Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, October 2nd. Stockholders of record on Tuesday, September 17th were issued a $0.20 dividend. The ex-dividend date was Tuesday, September 17th. This represents a $0.80 annualized dividend and a dividend yield of 0.55%. PulteGroup's payout ratio is currently 6.41%.

Insider Transactions at PulteGroup

In other news, Director Thomas J. Folliard sold 19,000 shares of the company's stock in a transaction 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 transaction, the director now owns 45,230 shares of the company's stock, 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 document filed with the SEC, which can be accessed through the SEC website. In related news, CFO Robert Oshaughnessy sold 28,993 shares of the 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 transaction, the chief financial officer now owns 160,330 shares of the company's stock, valued at $20,729,065.70. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Thomas J. Folliard sold 19,000 shares of the stock in a transaction 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 directly owns 45,230 shares in the company, valued at approximately $5,931,462.20. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 119,000 shares of company stock valued at $15,814,039. 0.83% of the stock is currently owned by company insiders.

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.