AustralianSuper Pty Ltd Has $48.55 Million Stock Holdings in PulteGroup, Inc. (NYSE:PHM)

AustralianSuper Pty Ltd lessened its holdings in PulteGroup, Inc. (NYSE:PHM - Free Report) by 8.8% in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 338,271 shares of the construction company's stock after selling 32,661 shares during the period. AustralianSuper Pty Ltd owned approximately 0.16% of PulteGroup worth $48,552,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Fortitude Family Office LLC lifted its position in shares of PulteGroup by 115.1% during the 3rd quarter. Fortitude Family Office LLC now owns 185 shares of the construction company's stock worth $27,000 after purchasing an additional 99 shares during the last quarter. WR Wealth Planners LLC lifted its position in 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 acquiring an additional 82 shares during the last quarter. LRI Investments LLC purchased a new stake in PulteGroup in the first quarter valued at $28,000. Rothschild Investment LLC purchased a new stake in PulteGroup in the second quarter valued at $31,000. Finally, Candriam S.C.A. purchased a new stake in PulteGroup in the second quarter valued at $33,000. Hedge funds and other institutional investors own 89.90% of the company's stock.

Insider Buying and Selling at PulteGroup

In other PulteGroup news, CFO Robert Oshaughnessy sold 71,007 shares of the firm's stock in a transaction dated Friday, August 23rd. The shares were sold at an average price of $134.83, for a total transaction of $9,573,873.81. Following the transaction, the chief financial officer now owns 89,323 shares of the company's stock, valued at approximately $12,043,420.09. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In other news, Director Thomas J. Folliard sold 19,000 shares of PulteGroup stock in a transaction that occurred 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 $5,931,462.20. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, CFO Robert Oshaughnessy sold 71,007 shares of PulteGroup stock in a transaction that occurred on Friday, August 23rd. The stock was sold at an average price of $134.83, for a total transaction of $9,573,873.81. Following the completion of the transaction, the chief financial officer now directly owns 89,323 shares in the company, valued at $12,043,420.09. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. 0.83% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

PHM has been the topic of a number of recent research reports. Royal Bank of Canada boosted their price target on shares of PulteGroup from $113.00 to $120.00 and gave the stock a "sector perform" rating in a research note on Wednesday, July 24th. BTIG Research boosted their price target on shares of PulteGroup from $139.00 to $156.00 and gave the stock a "buy" rating in a research note on Wednesday, October 23rd. Bank of America boosted their price target on shares of PulteGroup from $138.00 to $160.00 and gave the stock a "buy" rating in a research note on Thursday, September 19th. Oppenheimer decreased their price objective on shares of PulteGroup from $168.00 to $165.00 and set an "outperform" rating on the stock in a report on Wednesday, October 23rd. Finally, Barclays boosted their price objective on shares of PulteGroup from $131.00 to $150.00 and gave the stock an "overweight" rating in a report on Wednesday, July 24th. Six investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company's stock. According to MarketBeat, PulteGroup currently has a consensus rating of "Moderate Buy" and a consensus target price of $145.00.

PulteGroup Stock Down 0.6 %

PHM traded down $0.73 during trading hours on Thursday, reaching $129.53. 1,846,654 shares of the stock traded hands, compared to its average volume of 1,841,979. The firm's fifty day simple moving average is $137.44 and its two-hundred day simple moving average is $123.65. The company has a market cap of $26.56 billion, a price-to-earnings ratio of 10.43, a PEG ratio of 0.54 and a beta of 1.62. PulteGroup, Inc. has a fifty-two week low of $72.45 and a fifty-two week high of $149.47. 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 (NYSE:PHM - Get Free Report) last posted its quarterly earnings data on Tuesday, October 22nd. The construction company reported $3.35 EPS for the quarter, beating 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 firm had revenue of $4.48 billion for the quarter, compared to the consensus estimate of $4.27 billion. During the same period in the prior year, the firm posted $2.90 EPS. The firm's revenue was up 11.8% compared to the same quarter last year. As a group, analysts forecast that PulteGroup, Inc. will post 12.98 earnings per share for the current fiscal year.

PulteGroup Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, October 2nd. Investors of record on Tuesday, September 17th were issued 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 dividend yield of 0.62%. PulteGroup's dividend payout ratio (DPR) is presently 6.41%.

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.