Van ECK Associates Corp Increases Stock Position in PulteGroup, Inc. (NYSE:PHM)

Van ECK Associates Corp increased its stake in PulteGroup, Inc. (NYSE:PHM - Free Report) by 10.1% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 50,815 shares of the construction company's stock after purchasing an additional 4,654 shares during the period. Van ECK Associates Corp's holdings in PulteGroup were worth $6,767,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors also recently bought and sold shares of PHM. Grove Bank & Trust grew its holdings in shares of PulteGroup by 18.4% during the third quarter. Grove Bank & Trust now owns 463 shares of the construction company's stock valued at $66,000 after buying an additional 72 shares during the last quarter. WR Wealth Planners LLC increased its holdings in shares of PulteGroup by 54.7% in the second quarter. WR Wealth Planners LLC now owns 232 shares of the construction company's stock valued at $26,000 after purchasing an additional 82 shares during the period. Cromwell Holdings LLC raised its stake in shares of PulteGroup by 17.2% in the third quarter. Cromwell Holdings LLC now owns 565 shares of the construction company's stock worth $81,000 after purchasing an additional 83 shares during the last quarter. Concord Wealth Partners lifted its holdings in shares of PulteGroup by 1.7% during the third quarter. Concord Wealth Partners now owns 5,002 shares of the construction company's stock worth $718,000 after purchasing an additional 83 shares during the period. Finally, Lebenthal Global Advisors LLC boosted its position in PulteGroup by 3.9% in the second quarter. Lebenthal Global Advisors LLC now owns 2,329 shares of the construction company's stock valued at $256,000 after buying an additional 87 shares during the last quarter. Hedge funds and other institutional investors own 89.90% of the company's stock.

PulteGroup Price Performance

Shares of PHM stock traded up $1.98 on Friday, reaching $133.14. 673,164 shares of the company were exchanged, compared to its average volume of 1,842,168. PulteGroup, Inc. has a 1 year low of $80.60 and a 1 year high of $149.47. 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 business has a 50-day moving average price of $137.23 and a 200 day moving average price of $124.47. The company has a market cap of $27.30 billion, a price-to-earnings ratio of 9.81, a P/E/G ratio of 0.53 and a beta of 1.63.

PulteGroup (NYSE:PHM - Get Free Report) last posted its quarterly earnings data on Tuesday, October 22nd. The construction company reported $3.35 EPS for the quarter, topping the consensus estimate 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%. PulteGroup's quarterly revenue was up 11.8% on a year-over-year basis. During the same period in the previous year, the business earned $2.90 EPS. Equities research analysts forecast that PulteGroup, Inc. will post 12.92 earnings per share for the current fiscal year.

PulteGroup Dividend Announcement

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

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on PHM. Oppenheimer cut their price objective on shares of PulteGroup from $168.00 to $165.00 and set an "outperform" rating on the stock in a research note on Wednesday, October 23rd. JPMorgan Chase & Co. boosted their price objective on PulteGroup from $141.00 to $152.00 and gave the company an "overweight" rating in a report on Thursday, July 25th. Wolfe Research downgraded PulteGroup from an "outperform" rating to a "peer perform" rating in a research note on Wednesday, August 14th. Bank of America lifted their price target on PulteGroup from $138.00 to $160.00 and gave the company a "buy" rating in a research report on Thursday, September 19th. Finally, Wedbush restated a "neutral" rating and issued a $115.00 price objective on shares of PulteGroup in a research report on Tuesday, October 22nd. Six research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. According to data from MarketBeat.com, PulteGroup has an average rating of "Moderate Buy" and a consensus price target of $145.00.

Insider Activity

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

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.