PulteGroup, Inc. (NYSE:PHM) Shares Bought by Raymond James Trust N.A.

Raymond James Trust N.A. increased its position in shares of PulteGroup, Inc. (NYSE:PHM - Free Report) by 99.8% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 37,972 shares of the construction company's stock after purchasing an additional 18,970 shares during the period. Raymond James Trust N.A.'s holdings in PulteGroup were worth $5,450,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of the company. WR Wealth Planners LLC raised its position in shares of PulteGroup by 54.7% during the second quarter. WR Wealth Planners LLC now owns 232 shares of the construction company's stock valued at $26,000 after buying an additional 82 shares during the last quarter. Fortitude Family Office LLC lifted its stake in PulteGroup by 115.1% in 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 bought a new position in shares of PulteGroup during the 1st quarter valued at about $28,000. Transcendent Capital Group LLC purchased a new position in shares of PulteGroup during the third quarter valued at about $29,000. Finally, Rothschild Investment LLC bought a new stake in shares of PulteGroup in the second quarter worth about $31,000. Hedge funds and other institutional investors own 89.90% of the company's stock.

Insider Activity at PulteGroup

In other PulteGroup news, 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 value of $2,491,660.00. Following the completion of the sale, the director now directly owns 45,230 shares in the company, valued at $5,931,462.20. This trade represents a 29.58 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.83% of the stock is owned by corporate insiders.

PulteGroup Trading Up 1.3 %

PulteGroup stock traded up $1.64 during mid-day trading on Friday, hitting $129.76. The company's stock had a trading volume of 1,316,736 shares, compared to its average volume of 1,739,518. The company has a 50 day moving average of $136.74 and a 200-day moving average of $125.77. 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 stock has a market cap of $26.61 billion, a PE ratio of 9.57, a P/E/G ratio of 0.52 and a beta of 1.63. PulteGroup, Inc. has a one year low of $86.59 and a one year 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 EPS for the quarter, topping analysts' consensus estimates of $3.10 by $0.25. The business had revenue of $4.48 billion for 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 company's revenue for the quarter was up 11.8% compared to the same quarter last year. During the same period in the prior year, the firm earned $2.90 EPS. On average, research analysts anticipate that PulteGroup, Inc. will post 12.94 EPS for the current 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 given a $0.22 dividend. This represents a $0.88 annualized dividend and a dividend yield of 0.68%. This is a positive change from PulteGroup's previous quarterly dividend of $0.20. The ex-dividend date is Tuesday, December 17th. PulteGroup's payout ratio is presently 5.90%.

Analyst Upgrades and Downgrades

PHM has been the subject of a number of research reports. BTIG Research increased their price target on PulteGroup from $139.00 to $156.00 and gave the company a "buy" rating 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 report on Wednesday, August 14th. Bank of America boosted their price target on shares of PulteGroup from $138.00 to $160.00 and gave the stock a "buy" rating in a research report on Thursday, September 19th. UBS Group increased their price objective on shares of PulteGroup from $148.00 to $154.00 and gave the company a "neutral" rating in a research report on Wednesday, October 23rd. Finally, Wedbush restated a "neutral" rating and issued a $115.00 target price on shares of PulteGroup in a report on Tuesday, October 22nd. Six equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. Based on data from MarketBeat, PulteGroup presently has an average rating of "Moderate Buy" and a consensus target price of $145.00.

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.