PulteGroup, Inc. (NYSE:PHM) Shares Sold by Principal Financial Group Inc.

Principal Financial Group Inc. lowered its position in PulteGroup, Inc. (NYSE:PHM - Free Report) by 14.8% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 332,208 shares of the construction company's stock after selling 57,580 shares during the quarter. Principal Financial Group Inc. owned approximately 0.16% of PulteGroup worth $47,682,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of PHM. WR Wealth Planners LLC grew 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 worth $26,000 after purchasing an additional 82 shares in the last quarter. Fortitude Family Office LLC boosted its position in PulteGroup by 115.1% during the 3rd 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. LRI Investments LLC bought a new stake in PulteGroup during the 1st quarter valued at $28,000. Rothschild Investment LLC bought a new stake in PulteGroup during the 2nd quarter valued at $31,000. Finally, Candriam S.C.A. bought a new stake in PulteGroup during the 2nd quarter valued at $33,000. Institutional investors own 89.90% of the company's stock.

Insider Buying and Selling at PulteGroup

In other PulteGroup news, 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 transaction of $2,491,660.00. Following the completion of the transaction, the director now owns 45,230 shares in the company, valued at approximately $5,931,462.20. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. 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 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 position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Thomas J. Folliard sold 19,000 shares of the firm's stock in a transaction dated 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 owns 45,230 shares in the company, valued at $5,931,462.20. This trade 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 Stock Performance

PHM stock traded up $0.76 during midday trading on Monday, reaching $133.46. The stock had a trading volume of 1,045,934 shares, compared to its average volume of 1,842,809. The stock has a market cap of $27.37 billion, a PE ratio of 9.79, a P/E/G ratio of 0.54 and a beta of 1.63. The company has a debt-to-equity ratio of 0.14, a quick ratio of 0.73 and a current ratio of 0.73. The firm has a fifty day simple moving average of $137.27 and a two-hundred day simple moving average of $124.86. PulteGroup, Inc. has a 52-week low of $81.00 and a 52-week high of $149.47.

PulteGroup (NYSE:PHM - Get Free Report) last issued its 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. The company had revenue of $4.48 billion during the quarter, compared to analyst estimates of $4.27 billion. PulteGroup had a return on equity of 25.30% and a net margin of 16.64%. The firm's quarterly revenue was up 11.8% on a year-over-year basis. During the same quarter last year, the business posted $2.90 EPS. As a group, equities research analysts anticipate that PulteGroup, Inc. will post 12.94 EPS for the current year.

PulteGroup Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, October 2nd. Shareholders of record on Tuesday, September 17th were paid a dividend of $0.20 per share. 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 0.60%. PulteGroup's payout ratio is currently 5.90%.

Wall Street Analyst Weigh In

Several analysts have issued reports on PHM shares. Royal Bank of Canada increased their target price on PulteGroup from $113.00 to $120.00 and gave the company a "sector perform" rating in a research report on Wednesday, July 24th. Wells Fargo & Company increased their target price on PulteGroup from $150.00 to $165.00 and gave the company an "overweight" rating in a research report on Monday, October 7th. UBS Group increased their target price on PulteGroup from $148.00 to $154.00 and gave the company a "neutral" rating in a research report on Wednesday, October 23rd. Oppenheimer dropped their target price on PulteGroup from $168.00 to $165.00 and set an "outperform" rating on the stock in a research report on Wednesday, October 23rd. Finally, Wedbush reiterated a "neutral" rating and set a $115.00 price objective on shares of PulteGroup in a report on Tuesday, October 22nd. Six analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $145.00.

About PulteGroup

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.