Tyler Stone Wealth Management Boosts Holdings in PulteGroup, Inc. (NYSE:PHM)

Tyler Stone Wealth Management boosted its position in PulteGroup, Inc. (NYSE:PHM - Free Report) by 115.6% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 11,534 shares of the construction company's stock after purchasing an additional 6,184 shares during the period. Tyler Stone Wealth Management's holdings in PulteGroup were worth $1,655,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also added to or reduced their stakes in the company. Blair William & Co. IL lifted its stake in PulteGroup by 1.9% in the first quarter. Blair William & Co. IL now owns 27,269 shares of the construction company's stock worth $3,289,000 after purchasing an additional 516 shares during the last quarter. State Board of Administration of Florida Retirement System lifted its stake in PulteGroup by 6.2% in the first quarter. State Board of Administration of Florida Retirement System now owns 297,544 shares of the construction company's stock worth $35,890,000 after purchasing an additional 17,369 shares during the last quarter. Lazard Asset Management LLC lifted its stake in PulteGroup by 1.1% in the first quarter. Lazard Asset Management LLC now owns 464,217 shares of the construction company's stock worth $55,993,000 after purchasing an additional 5,022 shares during the last quarter. Russell Investments Group Ltd. increased its position in shares of PulteGroup by 34.4% during the first quarter. Russell Investments Group Ltd. now owns 679,940 shares of the construction company's stock worth $81,901,000 after acquiring an additional 173,914 shares during the period. Finally, Shell Asset Management Co. increased its position in shares of PulteGroup by 135.5% during the first quarter. Shell Asset Management Co. now owns 8,932 shares of the construction company's stock worth $1,077,000 after acquiring an additional 5,140 shares during the period. Institutional investors own 89.90% of the company's stock.

Insider Transactions at PulteGroup

In other news, CFO Robert Oshaughnessy sold 71,007 shares of PulteGroup 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 sale, the chief financial officer now directly owns 89,323 shares in the company, valued at approximately $12,043,420.09. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. In other PulteGroup news, Director Thomas J. Folliard sold 19,000 shares of the company's stock in a transaction 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 sale, the director now directly owns 45,230 shares of the company's stock, valued at approximately $5,931,462.20. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Robert Oshaughnessy sold 71,007 shares of the company'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 sale, the chief financial officer now directly owns 89,323 shares in the company, valued at approximately $12,043,420.09. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 0.83% of the company's stock.

PulteGroup Stock Up 1.2 %

NYSE PHM traded up $1.54 on Friday, hitting $132.70. The stock had a trading volume of 1,599,269 shares, compared to its average volume of 1,931,239. The business's fifty day moving average price is $137.27 and its 200 day moving average price is $124.77. The company has a debt-to-equity ratio of 0.14, a current ratio of 0.73 and a quick ratio of 0.73. PulteGroup, Inc. has a 52-week low of $80.60 and a 52-week high of $149.47. The stock has a market cap of $27.21 billion, a price-to-earnings ratio of 9.79, a price-to-earnings-growth ratio of 0.54 and a beta of 1.63.

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 (EPS) for the quarter, topping the consensus estimate 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 analyst estimates of $4.27 billion. During the same period in the previous year, the company earned $2.90 earnings per share. The business's revenue for the quarter was up 11.8% on a year-over-year basis. Equities research analysts anticipate that PulteGroup, Inc. will post 12.94 earnings per share for the current year.

PulteGroup Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, October 2nd. Stockholders of record on Tuesday, September 17th were paid a dividend of $0.20 per share. The ex-dividend date was Tuesday, September 17th. This represents a $0.80 annualized dividend and a dividend yield of 0.60%. PulteGroup's payout ratio is currently 5.90%.

Analyst Upgrades and Downgrades

PHM has been the topic of a number of research reports. Wells Fargo & Company raised their target price on shares of PulteGroup from $150.00 to $165.00 and gave the stock an "overweight" rating in a research report on Monday, October 7th. Royal Bank of Canada raised their target price on shares of PulteGroup from $113.00 to $120.00 and gave the stock a "sector perform" rating in a research report on Wednesday, July 24th. Wolfe Research lowered shares of PulteGroup from an "outperform" rating to a "peer perform" rating in a research report on Wednesday, August 14th. Wedbush reaffirmed a "neutral" rating and set a $115.00 target price on shares of PulteGroup in a research report on Tuesday, October 22nd. Finally, UBS Group lifted their price objective on shares of PulteGroup from $148.00 to $154.00 and gave the company a "neutral" rating in a report on Wednesday, October 23rd. Six research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. Based on data from MarketBeat.com, PulteGroup presently has an average rating of "Moderate Buy" and an average price target of $145.00.

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.