PulteGroup, Inc. (NYSE:PHM) Holdings Trimmed by Leuthold Group LLC

Leuthold Group LLC cut its stake in shares of PulteGroup, Inc. (NYSE:PHM - Free Report) by 6.3% in the third quarter, according to its most recent disclosure with the SEC. The firm owned 107,442 shares of the construction company's stock after selling 7,176 shares during the period. PulteGroup comprises about 1.7% of Leuthold Group LLC's holdings, making the stock its 8th biggest holding. Leuthold Group LLC owned 0.05% of PulteGroup worth $15,421,000 as of its most recent filing with the SEC.

A number of other large investors also recently added to or reduced their stakes in the stock. WR Wealth Planners LLC raised its position in shares of PulteGroup by 54.7% in the second quarter. WR Wealth Planners LLC now owns 232 shares of the construction company's stock valued at $26,000 after buying an additional 82 shares during the last quarter. LRI Investments LLC acquired a new stake in shares of PulteGroup in the first quarter valued at about $28,000. Rothschild Investment LLC acquired a new stake in shares of PulteGroup in the second quarter valued at about $31,000. Candriam S.C.A. acquired a new stake in shares of PulteGroup in the second quarter valued at about $33,000. Finally, Continuum Advisory LLC raised its position in shares of PulteGroup by 94.5% in the second quarter. Continuum Advisory LLC now owns 317 shares of the construction company's stock valued at $35,000 after buying an additional 154 shares during the last quarter. 89.90% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on the stock. Wells Fargo & Company increased their target price 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. Oppenheimer cut their price objective on shares of PulteGroup from $168.00 to $165.00 and set an "outperform" rating for the company in a research report on Wednesday, October 23rd. Citigroup cut their price objective on shares of PulteGroup from $129.00 to $117.00 and set a "neutral" rating for the company in a research report on Tuesday, July 2nd. Bank of America raised their price objective on shares of PulteGroup from $138.00 to $160.00 and gave the stock a "buy" rating in a research report on Thursday, September 19th. Finally, JPMorgan Chase & Co. raised their price objective on shares of PulteGroup from $141.00 to $152.00 and gave the stock an "overweight" rating in a research report on Thursday, July 25th. Six analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $145.00.

Insider Buying and Selling

In other PulteGroup news, CFO Robert Oshaughnessy sold 28,993 shares of the firm's stock in a transaction that occurred 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 sale, the chief financial officer now owns 160,330 shares of the company's stock, valued at approximately $20,729,065.70. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other PulteGroup news, Director Thomas J. Folliard sold 19,000 shares of the firm's stock in a transaction that occurred on 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 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 ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Robert Oshaughnessy sold 28,993 shares of the firm's 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 sale, the chief financial officer now directly owns 160,330 shares in the company, valued at approximately $20,729,065.70. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 119,000 shares of company stock worth $15,814,039 over the last 90 days. 0.75% of the stock is owned by insiders.

PulteGroup Stock Up 1.1 %

Shares of NYSE PHM traded up $1.41 during midday trading on Monday, hitting $133.88. The company's stock had a trading volume of 1,327,593 shares, compared to its average volume of 1,834,991. The business's fifty day simple moving average is $137.14 and its two-hundred day simple moving average is $123.31. The company has a debt-to-equity ratio of 0.14, a current ratio of 0.73 and a quick ratio of 0.73. PulteGroup, Inc. has a 1 year low of $71.20 and a 1 year high of $149.47. The firm has a market capitalization of $27.46 billion, a price-to-earnings ratio of 9.89, a price-to-earnings-growth ratio of 0.54 and a beta of 1.62.

PulteGroup (NYSE:PHM - Get Free Report) last issued its quarterly earnings results on Tuesday, October 22nd. The construction company reported $3.35 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $3.10 by $0.25. PulteGroup had a net margin of 16.64% and a return on equity of 25.30%. The company had revenue of $4.48 billion during the quarter, compared to the consensus estimate of $4.27 billion. During the same quarter in the previous year, the firm earned $2.90 earnings per share. The firm's quarterly revenue was up 11.8% on a year-over-year basis. On average, equities analysts predict that PulteGroup, Inc. will post 12.98 EPS for the current year.

PulteGroup Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, October 2nd. Investors of record on Tuesday, September 17th were paid a $0.20 dividend. The ex-dividend date of this dividend was Tuesday, September 17th. This represents a $0.80 dividend on an annualized basis and a yield of 0.60%. PulteGroup's dividend payout ratio is currently 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.