abrdn plc Has $12.46 Million Stock Holdings in PulteGroup, Inc. (NYSE:PHM)

abrdn plc decreased its stake in PulteGroup, Inc. (NYSE:PHM - Free Report) by 15.2% in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 87,399 shares of the construction company's stock after selling 15,641 shares during the quarter. abrdn plc's holdings in PulteGroup were worth $12,457,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also recently bought and sold shares of PHM. WR Wealth Planners LLC lifted its stake 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 acquired a new stake in shares of PulteGroup in the 1st quarter valued at $28,000. Rothschild Investment LLC bought a new stake in PulteGroup in the second quarter worth $31,000. Candriam S.C.A. acquired a new position in PulteGroup during the second quarter worth $33,000. Finally, Continuum Advisory LLC raised its holdings in PulteGroup by 94.5% during 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 in the last quarter. Hedge funds and other institutional investors own 89.90% of the company's stock.

Insiders Place Their Bets

In related news, Director Thomas J. Folliard sold 19,000 shares of the company's stock in a transaction dated 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 completion of the sale, the director now owns 45,230 shares in the company, 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 this link. In related news, CFO Robert Oshaughnessy sold 71,007 shares of the company's stock in a transaction on Friday, August 23rd. The shares were sold at an average price of $134.83, for a total value of $9,573,873.81. Following the completion of the sale, the chief financial officer now owns 89,323 shares in the company, valued at $12,043,420.09. This 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 link. Also, Director Thomas J. Folliard sold 19,000 shares of PulteGroup stock in a transaction dated 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 in the company, valued at approximately $5,931,462.20. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 0.83% of the company's stock.

PulteGroup Price Performance

PHM stock traded down $1.15 during trading on Friday, hitting $128.38. 1,809,943 shares of the stock traded hands, compared to its average volume of 1,731,315. The stock has a market cap of $26.33 billion, a price-to-earnings ratio of 9.47, a P/E/G ratio of 0.53 and a beta of 1.63. PulteGroup, Inc. has a one year low of $79.18 and a one year high of $149.47. The company has a current ratio of 0.73, a quick ratio of 0.73 and a debt-to-equity ratio of 0.14. The company has a 50 day simple moving average of $137.31 and a 200 day simple moving average of $123.95.

PulteGroup (NYSE:PHM - Get Free Report) last announced its earnings results on Tuesday, October 22nd. The construction company reported $3.35 earnings per share for the quarter, beating analysts' consensus estimates of $3.10 by $0.25. PulteGroup had a return on equity of 25.30% and a net margin of 16.64%. The company had revenue of $4.48 billion during the quarter, compared to analyst estimates of $4.27 billion. During the same period last year, the company posted $2.90 earnings per share. The firm's quarterly revenue was up 11.8% compared to the same quarter last year. Equities analysts expect that PulteGroup, Inc. will post 12.92 EPS 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 given a $0.20 dividend. The ex-dividend date was Tuesday, September 17th. This represents a $0.80 dividend on an annualized basis and a yield of 0.62%. PulteGroup's payout ratio is 5.90%.

Analyst Ratings Changes

PHM has been the topic of a number of recent analyst reports. Royal Bank of Canada lifted their price target on shares of PulteGroup from $113.00 to $120.00 and gave the company a "sector perform" rating in a research report on Wednesday, July 24th. Oppenheimer dropped their target price 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. Evercore ISI decreased their price target on shares of PulteGroup from $198.00 to $195.00 and set an "outperform" rating for the company in a report on Wednesday, October 23rd. Barclays lifted their price objective on PulteGroup from $131.00 to $150.00 and gave the stock an "overweight" rating in a research note on Wednesday, July 24th. Finally, Wedbush reissued a "neutral" rating and set a $115.00 price objective on shares of PulteGroup in a research report on Tuesday, October 22nd. Six analysts have rated the stock with a hold rating and eleven have given a buy rating to the company's stock. According to data from MarketBeat, PulteGroup has a consensus rating of "Moderate Buy" and a consensus target price of $145.00.

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.