Inspire Advisors LLC Has $955,000 Stake in PulteGroup, Inc. (NYSE:PHM)

Inspire Advisors LLC lifted its stake in PulteGroup, Inc. (NYSE:PHM - Free Report) by 199.6% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 6,655 shares of the construction company's stock after acquiring an additional 4,434 shares during the period. Inspire Advisors LLC's holdings in PulteGroup were worth $955,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently modified their holdings of the company. V Square Quantitative Management LLC raised its stake in shares of PulteGroup by 18.3% during the 3rd quarter. V Square Quantitative Management LLC now owns 6,093 shares of the construction company's stock worth $875,000 after purchasing an additional 944 shares in the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd raised its holdings in PulteGroup by 0.8% in the 3rd quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 22,181 shares of the construction company's stock worth $3,184,000 after acquiring an additional 172 shares during the period. Vista Investment Partners LLC acquired a new stake in shares of PulteGroup in the third quarter worth $2,620,000. LifeSteps Financial Inc. bought a new position in shares of PulteGroup during the 3rd quarter worth about $208,000. Finally, Global Retirement Partners LLC increased its stake in PulteGroup by 17.4% during the third quarter. Global Retirement Partners LLC now owns 2,732 shares of the construction company's stock valued at $392,000 after acquiring an additional 405 shares during the period. Institutional investors own 89.90% of the company's stock.

PulteGroup Trading Up 2.2 %

NYSE PHM traded up $3.18 on Friday, hitting $149.14. The company's stock had a trading volume of 1,656,910 shares, compared to its average volume of 1,822,073. The company's 50-day moving average is $135.79 and its 200 day moving average is $122.43. The firm has a market cap of $30.95 billion, a PE ratio of 11.38, a PEG ratio of 0.58 and a beta of 1.62. PulteGroup, Inc. has a 1-year low of $68.80 and a 1-year high of $149.32. The company has a quick ratio of 0.76, a current ratio of 0.76 and a debt-to-equity ratio of 0.15.

PulteGroup (NYSE:PHM - Get Free Report) last announced its earnings results on Tuesday, July 23rd. The construction company reported $3.83 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% compared to the same quarter last year. During the same period in the previous year, the business earned $3.00 EPS. As a group, analysts predict that PulteGroup, Inc. will post 12.9 earnings per share for the current fiscal year.

PulteGroup Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, October 2nd. Shareholders of record on Tuesday, September 17th were issued a dividend of $0.20 per share. The ex-dividend date of this dividend was Tuesday, September 17th. This represents a $0.80 annualized dividend and a yield of 0.54%. PulteGroup's payout ratio is 6.10%.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on PHM shares. Citigroup cut their target price on shares of PulteGroup from $129.00 to $117.00 and set a "neutral" rating for the company in a research note 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. 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 report on Thursday, September 19th. Wells Fargo & Company upped their price objective on shares of PulteGroup from $150.00 to $165.00 and gave the company an "overweight" rating in a research report on Monday, October 7th. Finally, JPMorgan Chase & Co. increased their target price on PulteGroup from $141.00 to $152.00 and gave the stock an "overweight" rating in a research note on Thursday, July 25th. Six investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company's stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $141.14.

Insider Transactions at PulteGroup

In related news, CFO Robert Oshaughnessy sold 28,993 shares of PulteGroup stock in a transaction on Thursday, August 1st. The shares were sold at an average price of $129.29, for a total transaction of $3,748,504.97. Following the completion of the transaction, the chief financial officer now owns 160,330 shares of the company's stock, valued at $20,729,065.70. This trade represents 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 the SEC website. In other PulteGroup news, CFO Robert Oshaughnessy sold 28,993 shares of the 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 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Thomas J. Folliard sold 19,000 shares of the firm'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 transaction of $2,491,660.00. Following the sale, the director now directly owns 45,230 shares of the company's stock, valued at approximately $5,931,462.20. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 119,000 shares of company stock worth $15,814,039. Company insiders own 0.75% of the company's stock.

PulteGroup Company 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.