PulteGroup, Inc. (NYSE:PHM) Shares Bought by Jackson Hill Advisors LLC

Jackson Hill Advisors LLC boosted its stake in PulteGroup, Inc. (NYSE:PHM - Free Report) by 31.4% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 100,500 shares of the construction company's stock after purchasing an additional 24,000 shares during the quarter. PulteGroup comprises about 7.3% of Jackson Hill Advisors LLC's holdings, making the stock its 8th biggest position. Jackson Hill Advisors LLC's holdings in PulteGroup were worth $14,425,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also recently made changes to their positions in PHM. Greenhaven Associates Inc. raised its position in shares of PulteGroup by 0.3% in the third quarter. Greenhaven Associates Inc. now owns 5,593,179 shares of the construction company's stock valued at $802,789,000 after purchasing an additional 16,871 shares during the period. Pacer Advisors Inc. lifted its position in PulteGroup by 8.6% during the 2nd quarter. Pacer Advisors Inc. now owns 2,968,788 shares of the construction company's stock valued at $326,864,000 after acquiring an additional 235,826 shares during the period. Hsbc Holdings PLC increased its stake in PulteGroup by 19.6% during the 2nd quarter. Hsbc Holdings PLC now owns 1,529,698 shares of the construction company's stock valued at $168,254,000 after purchasing an additional 250,937 shares in the last quarter. Captrust Financial Advisors grew its position in PulteGroup by 18.4% during the first quarter. Captrust Financial Advisors now owns 1,085,939 shares of the construction company's stock valued at $130,986,000 after buying an additional 168,746 shares during the period. Finally, Victory Capital Management Inc. lifted its holdings in PulteGroup by 6.3% during the third quarter. Victory Capital Management Inc. now owns 1,025,276 shares of the construction company's stock valued at $147,158,000 after purchasing an additional 60,854 shares in the last quarter. 89.90% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

PHM has been the topic of a number of research analyst reports. Barclays upped their price target on shares of PulteGroup from $131.00 to $150.00 and gave the stock an "overweight" rating in a report on Wednesday, July 24th. 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. Raymond James lifted their price target on PulteGroup from $135.00 to $145.00 and gave the stock an "outperform" rating in a report on Thursday, July 25th. Wells Fargo & Company lifted 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. Finally, BTIG Research boosted their target price on PulteGroup from $139.00 to $156.00 and gave the stock a "buy" rating in a research note on Wednesday, October 23rd. Six research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company's stock. According to MarketBeat, PulteGroup currently has a consensus rating of "Moderate Buy" and an average target price of $145.00.

Insider Activity

In other PulteGroup news, CFO Robert Oshaughnessy sold 71,007 shares of the stock in a transaction dated 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 sale, the chief financial officer now directly owns 89,323 shares in the company, valued at $12,043,420.09. This represents a 44.29 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Thomas J. Folliard sold 19,000 shares of the firm's stock in a transaction that occurred 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 completion of the sale, the director now owns 45,230 shares in the company, valued at approximately $5,931,462.20. The trade was a 29.58 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 0.83% of the company's stock.

PulteGroup Stock Performance

NYSE:PHM traded down $0.32 during mid-day trading on Monday, hitting $128.57. 1,112,245 shares of the company's stock traded hands, compared to its average volume of 1,836,536. The firm has a 50 day moving average of $137.29 and a two-hundred day moving average of $125.46. PulteGroup, Inc. has a 12 month low of $86.59 and a 12 month high of $149.47. The firm has a market capitalization of $26.37 billion, a price-to-earnings ratio of 9.54, a price-to-earnings-growth ratio of 0.52 and a beta of 1.63. 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 (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. 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% compared to the same quarter last year. During the same period last year, the company posted $2.90 earnings per share. On average, equities analysts forecast that PulteGroup, Inc. will post 12.94 earnings per share for the current fiscal year.

PulteGroup Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, January 3rd. Stockholders of record on Tuesday, December 17th will be issued a $0.22 dividend. 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 boost from PulteGroup's previous quarterly dividend of $0.20. PulteGroup's dividend payout ratio is 6.49%.

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.