Swedbank AB Acquires 6,319 Shares of PulteGroup, Inc. (NYSE:PHM)

Swedbank AB raised its position in shares of PulteGroup, Inc. (NYSE:PHM - Free Report) by 1.1% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 574,274 shares of the construction company's stock after buying an additional 6,319 shares during the quarter. Swedbank AB owned about 0.28% of PulteGroup worth $82,426,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in PHM. WR Wealth Planners LLC raised its position in PulteGroup by 54.7% in the 2nd quarter. WR Wealth Planners LLC now owns 232 shares of the construction company's stock worth $26,000 after buying an additional 82 shares during the last quarter. Fortitude Family Office LLC raised its position 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 buying an additional 99 shares during the last quarter. LRI Investments LLC purchased a new position in PulteGroup in the 1st quarter worth about $28,000. Transcendent Capital Group LLC purchased a new position in PulteGroup in the 3rd quarter worth about $29,000. Finally, Rothschild Investment LLC purchased a new position in PulteGroup in the 2nd quarter worth about $31,000. Hedge funds and other institutional investors own 89.90% of the company's stock.

Insider Transactions at PulteGroup

In related news, Director Thomas J. Folliard sold 19,000 shares of the 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 sale, the director now owns 45,230 shares in the company, valued at approximately $5,931,462.20. This represents a 29.58 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Insiders own 0.75% of the company's stock.

Analyst Upgrades and Downgrades

PHM has been the subject of a number of recent research reports. BTIG Research boosted 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. UBS Group boosted their price target on PulteGroup from $148.00 to $154.00 and gave the company a "neutral" rating in a research note on Wednesday, October 23rd. Wedbush restated a "neutral" rating and set a $115.00 price target on shares of PulteGroup in a research note on Tuesday, October 22nd. Evercore ISI cut their price target on PulteGroup from $198.00 to $195.00 and set an "outperform" rating for the company in a research note 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 research note on Monday, October 7th. Six investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $145.00.

PulteGroup Price Performance

NYSE PHM traded up $7.85 during trading hours on Monday, reaching $137.61. The company's stock had a trading volume of 3,180,568 shares, compared to its average volume of 1,833,250. The company has a market capitalization of $28.22 billion, a price-to-earnings ratio of 10.15, a PEG ratio of 0.53 and a beta of 1.63. PulteGroup, Inc. has a 1 year low of $86.59 and a 1 year high of $149.47. The firm's 50-day moving average price is $136.69 and its 200-day moving average price is $126.05. 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 issued its quarterly earnings data on Tuesday, October 22nd. The construction company reported $3.35 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.10 by $0.25. The business had revenue of $4.48 billion for the quarter, compared to analysts' expectations of $4.27 billion. PulteGroup had a return on equity of 25.30% and a net margin of 16.64%. The company's revenue for the quarter was up 11.8% on a year-over-year basis. During the same period in the prior year, the firm earned $2.90 EPS. On average, equities research analysts predict that PulteGroup, Inc. will post 12.94 EPS for the current fiscal year.

PulteGroup Increases Dividend

The company 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 0.64%. This is a boost from PulteGroup's previous quarterly dividend of $0.20. The ex-dividend date is Tuesday, December 17th. PulteGroup's dividend payout ratio is 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.