PulteGroup, Inc. (NYSE:PHM) Shares Acquired by Caprock Group LLC

Caprock Group LLC increased its stake in PulteGroup, Inc. (NYSE:PHM - Free Report) by 16.5% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 28,129 shares of the construction company's stock after buying an additional 3,993 shares during the quarter. Caprock Group LLC's holdings in PulteGroup were worth $4,043,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently bought and sold shares of PHM. Avantax Advisory Services Inc. bought a new position in PulteGroup during the 1st quarter valued at about $358,000. Seven Eight Capital LP purchased a new stake in shares of PulteGroup in the first quarter worth approximately $1,261,000. UniSuper Management Pty Ltd lifted its stake in shares of PulteGroup by 377.1% during the 1st quarter. UniSuper Management Pty Ltd now owns 10,925 shares of the construction company's stock worth $1,318,000 after acquiring an additional 8,635 shares during the last quarter. Bessemer Group Inc. boosted its holdings in PulteGroup by 108.6% during the 1st quarter. Bessemer Group Inc. now owns 16,430 shares of the construction company's stock valued at $1,981,000 after acquiring an additional 8,555 shares during the period. Finally, Lake Street Advisors Group LLC bought a new position in PulteGroup in the 1st quarter valued at $245,000. 89.90% of the stock is owned by hedge funds and other institutional investors.

PulteGroup Stock Down 0.0 %

Shares of NYSE PHM traded down $0.06 during mid-day trading on Tuesday, reaching $128.51. 1,291,476 shares of the company were exchanged, compared to its average volume of 1,834,108. PulteGroup, Inc. has a 1 year low of $86.59 and a 1 year high of $149.47. The firm has a 50-day moving average of $137.23 and a 200 day moving average of $125.57. The stock has a market cap of $26.35 billion, a price-to-earnings ratio of 9.48, a P/E/G ratio of 0.52 and a beta of 1.63. 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 (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, 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 business had revenue of $4.48 billion for the quarter, compared to analysts' expectations of $4.27 billion. During the same period last year, the business earned $2.90 EPS. The company's revenue was up 11.8% compared to the same quarter last year. On average, research analysts expect that PulteGroup, Inc. will post 12.94 earnings per share for the current year.

PulteGroup Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, January 3rd. Stockholders of record on Tuesday, December 17th will be issued a dividend of $0.22 per share. This represents a $0.88 annualized dividend and a dividend yield of 0.68%. The ex-dividend date of this dividend is Tuesday, December 17th. This is a positive change from PulteGroup's previous quarterly dividend of $0.20. PulteGroup's dividend payout ratio is currently 5.90%.

Analyst Ratings Changes

Several analysts have recently weighed in on PHM shares. JPMorgan Chase & Co. lifted their target price on PulteGroup from $141.00 to $152.00 and gave the stock an "overweight" rating in a research report on Thursday, July 25th. Evercore ISI decreased their price objective 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. Raymond James upped their target price on shares of PulteGroup from $135.00 to $145.00 and gave the stock an "outperform" rating in a research note on Thursday, July 25th. BTIG Research raised their target price on shares of PulteGroup from $139.00 to $156.00 and gave the stock a "buy" rating in a research report on Wednesday, October 23rd. Finally, Wells Fargo & Company boosted their price target on PulteGroup from $150.00 to $165.00 and gave the company an "overweight" rating in a report on Monday, October 7th. Six research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $145.00.

Insider Transactions at PulteGroup

In other PulteGroup news, CFO Robert Oshaughnessy sold 71,007 shares of the company's stock in a transaction that occurred 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 approximately $12,043,420.09. This represents a 44.29 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Thomas J. Folliard sold 19,000 shares of the firm's stock in a transaction on 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 directly owns 45,230 shares of the company's stock, valued at approximately $5,931,462.20. This represents a 29.58 % decrease in their position. The disclosure for this sale can be found here. Insiders own 0.75% of the company's stock.

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.