PulteGroup, Inc. (NYSE:PHM) Stock Position Raised by QRG Capital Management Inc.

QRG Capital Management Inc. lifted its holdings in shares of PulteGroup, Inc. (NYSE:PHM - Free Report) by 2.6% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 412,723 shares of the construction company's stock after purchasing an additional 10,356 shares during the period. PulteGroup comprises approximately 0.6% of QRG Capital Management Inc.'s holdings, making the stock its 26th biggest holding. QRG Capital Management Inc. owned 0.20% of PulteGroup worth $59,238,000 as of its most recent SEC filing.

Several other institutional investors have also recently modified their holdings of PHM. Fortitude Family Office LLC lifted its position in shares of PulteGroup by 115.1% in the third quarter. Fortitude Family Office LLC now owns 185 shares of the construction company's stock valued at $27,000 after acquiring an additional 99 shares in the last quarter. WR Wealth Planners LLC boosted its stake in shares of PulteGroup by 54.7% during the 2nd quarter. WR Wealth Planners LLC now owns 232 shares of the construction company's stock worth $26,000 after purchasing an additional 82 shares during the last quarter. LRI Investments LLC purchased a new stake in shares of PulteGroup during the first quarter worth about $28,000. Rothschild Investment LLC acquired a new position in shares of PulteGroup in the second quarter valued at approximately $31,000. Finally, Candriam S.C.A. purchased a new position in shares of PulteGroup during the second quarter valued at approximately $33,000. 89.90% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research firms have commented on PHM. Wolfe Research cut shares of PulteGroup from an "outperform" rating to a "peer perform" rating in a research note on Wednesday, August 14th. Raymond James upped their target price on PulteGroup from $135.00 to $145.00 and gave the company an "outperform" rating in a research note on Thursday, July 25th. Bank of America raised their price target on PulteGroup from $138.00 to $160.00 and gave the stock a "buy" rating in a research note on Thursday, September 19th. Oppenheimer dropped their price objective on shares of PulteGroup from $168.00 to $165.00 and set an "outperform" rating for the company in a research note on Wednesday, October 23rd. Finally, UBS Group raised their target price on shares of PulteGroup from $148.00 to $154.00 and gave the stock a "neutral" rating in a research report on Wednesday, October 23rd. Six analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $145.00.

PulteGroup Stock Up 0.9 %

Shares of NYSE PHM traded up $1.11 on Monday, hitting $129.49. The company had a trading volume of 1,783,071 shares, compared to its average volume of 1,841,640. The company has a quick ratio of 0.73, a current ratio of 0.73 and a debt-to-equity ratio of 0.14. PulteGroup, Inc. has a 12-month low of $80.60 and a 12-month high of $149.47. The firm has a market capitalization of $26.56 billion, a P/E ratio of 9.55, a PEG ratio of 0.53 and a beta of 1.63. The business has a 50 day moving average of $137.23 and a two-hundred day moving average of $124.24.

PulteGroup (NYSE:PHM - Get Free Report) last released its quarterly earnings results on Tuesday, October 22nd. The construction company reported $3.35 earnings per share for the quarter, topping analysts' consensus estimates of $3.10 by $0.25. The firm had revenue of $4.48 billion during the quarter, compared to analysts' expectations of $4.27 billion. PulteGroup had a return on equity of 25.30% and a net margin of 16.64%. PulteGroup's quarterly revenue was up 11.8% compared to the same quarter last year. During the same quarter in the prior year, the business earned $2.90 EPS. As a group, equities research analysts forecast that PulteGroup, Inc. will post 12.92 earnings per share for the current fiscal year.

PulteGroup Dividend Announcement

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 dividend of $0.20 per share. This represents a $0.80 annualized dividend and a yield of 0.62%. The ex-dividend date of this dividend was Tuesday, September 17th. PulteGroup's dividend payout ratio (DPR) is 5.90%.

Insiders Place Their Bets

In other news, CFO Robert Oshaughnessy sold 71,007 shares of the firm's stock in a transaction dated 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 sale, the chief financial officer now directly owns 89,323 shares in the company, valued at $12,043,420.09. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In related 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 sale, the director now directly owns 45,230 shares of the company's stock, valued at $5,931,462.20. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CFO Robert Oshaughnessy sold 71,007 shares of the stock in a transaction on 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 in the company, valued at $12,043,420.09. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.83% of the stock is currently owned by company insiders.

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.