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

New Millennium Group LLC grew its stake in shares of PulteGroup, Inc. (NYSE:PHM - Free Report) by 10,625.8% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 9,546 shares of the construction company's stock after acquiring an additional 9,457 shares during the quarter. PulteGroup comprises about 0.9% of New Millennium Group LLC's holdings, making the stock its 27th largest position. New Millennium Group LLC's holdings in PulteGroup were worth $1,370,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently modified their holdings of PHM. WR Wealth Planners LLC increased its position in 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 in the last quarter. Fortitude Family Office LLC increased 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 worth $27,000 after purchasing an additional 99 shares in the last quarter. LRI Investments LLC acquired a new stake in PulteGroup during the 1st quarter worth approximately $28,000. Transcendent Capital Group LLC acquired a new stake in PulteGroup during the 3rd quarter worth approximately $29,000. Finally, Rothschild Investment LLC acquired a new stake in PulteGroup during the 2nd quarter worth approximately $31,000. Institutional investors and hedge funds own 89.90% of the company's stock.

Insiders Place Their Bets

In other news, CFO Robert Oshaughnessy sold 71,007 shares of the business's 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 completion of the transaction, the chief financial officer now owns 89,323 shares of the company's stock, valued at approximately $12,043,420.09. The trade was a 44.29 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director Thomas J. Folliard sold 19,000 shares of the business's stock in a transaction on Wednesday, August 28th. The shares were sold at an average price of $131.14, for a total transaction of $2,491,660.00. Following the transaction, the director now directly owns 45,230 shares of the company's stock, valued at approximately $5,931,462.20. This trade represents a 29.58 % decrease in their position. The disclosure for this sale can be found here. 0.75% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

A number of analysts recently issued reports on the stock. Raymond James increased their target price on shares of PulteGroup from $135.00 to $145.00 and gave the stock an "outperform" rating in a research report on Thursday, July 25th. Evercore ISI dropped their price objective on shares of PulteGroup from $198.00 to $195.00 and set an "outperform" rating on the stock in a research note on Wednesday, October 23rd. Wolfe Research lowered shares of PulteGroup from an "outperform" rating to a "peer perform" rating in a research note on Wednesday, August 14th. JPMorgan Chase & Co. lifted their price objective on shares of PulteGroup from $141.00 to $152.00 and gave the company an "overweight" rating in a research note on Thursday, July 25th. Finally, BTIG Research lifted their price objective on shares of PulteGroup from $139.00 to $156.00 and gave the company a "buy" rating in a research note on Wednesday, October 23rd. Six equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $145.00.

PulteGroup Stock Performance

PulteGroup stock traded down $0.06 during mid-day trading on Tuesday, reaching $128.51. The company's stock had a trading volume of 1,291,476 shares, compared to its average volume of 1,834,108. The firm has a market cap of $26.35 billion, a price-to-earnings ratio of 9.48, a PEG ratio of 0.52 and a beta of 1.63. The business has a 50 day moving average price of $137.23 and a 200-day moving average price of $125.57. The company has a current ratio of 0.73, a quick ratio of 0.73 and a debt-to-equity ratio of 0.14. PulteGroup, Inc. has a twelve month low of $86.59 and a twelve month high of $149.47.

PulteGroup (NYSE:PHM - Get Free Report) last released its quarterly earnings data on Tuesday, October 22nd. The construction company reported $3.35 EPS 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 the consensus estimate of $4.27 billion. PulteGroup had a net margin of 16.64% and a return on equity of 25.30%. The firm's revenue was up 11.8% on a year-over-year basis. During the same quarter in the previous year, the company posted $2.90 earnings per share. Sell-side analysts predict that PulteGroup, Inc. will post 12.94 EPS for the current fiscal year.

PulteGroup Increases Dividend

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

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.