Knuff & Co LLC Purchases 1,832 Shares of PulteGroup, Inc. (NYSE:PHM)

Knuff & Co LLC boosted its holdings in PulteGroup, Inc. (NYSE:PHM) by 62.8% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 4,747 shares of the construction company’s stock after acquiring an additional 1,832 shares during the quarter. Knuff & Co LLC’s holdings in PulteGroup were worth $681,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in PHM. Fortitude Family Office LLC raised its stake in shares of PulteGroup by 115.1% in the third quarter. Fortitude Family Office LLC now owns 185 shares of the construction company’s stock worth $27,000 after purchasing an additional 99 shares during the last quarter. Transcendent Capital Group LLC bought a new stake in PulteGroup in the 3rd quarter worth about $29,000. WR Wealth Planners LLC increased its holdings 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 in the last quarter. LRI Investments LLC bought a new position in PulteGroup during the 1st quarter valued at about $28,000. Finally, Rothschild Investment LLC bought a new position in PulteGroup during the 2nd quarter valued at about $31,000. 89.90% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

PHM has been the subject of several research reports. Evercore ISI decreased their price objective on shares of PulteGroup from $198.00 to $195.00 and set an “outperform” rating for the company in a report on Wednesday, October 23rd. Barclays increased their price target on PulteGroup from $131.00 to $150.00 and gave the company an “overweight” rating in a report on Wednesday, July 24th. Bank of America lifted their price objective on PulteGroup from $138.00 to $160.00 and gave the stock a “buy” rating in a report on Thursday, September 19th. JPMorgan Chase & Co. increased their target price on PulteGroup from $141.00 to $152.00 and gave the company an “overweight” rating in a report on Thursday, July 25th. Finally, Wolfe Research downgraded PulteGroup from an “outperform” rating to a “peer perform” rating in a research note on Wednesday, August 14th. Six analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. Based on data from MarketBeat, PulteGroup has an average rating of “Moderate Buy” and an average target price of $145.00.

PulteGroup Price Performance

Shares of NYSE:PHM opened at $128.57 on Tuesday. The company has a market capitalization of $26.37 billion, a P/E ratio of 9.48, a P/E/G ratio of 0.52 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 simple moving average is $137.29 and its two-hundred day simple moving average is $125.46. 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 (NYSE:PHM) last released 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. PulteGroup had a net margin of 16.64% and a return on equity of 25.30%. The company had revenue of $4.48 billion for the quarter, compared to analysts’ expectations of $4.27 billion. During the same quarter in the previous year, the company earned $2.90 EPS. PulteGroup’s revenue for the quarter was up 11.8% on a year-over-year basis. Research analysts expect that PulteGroup, Inc. will post 12.94 EPS for the current fiscal year.

PulteGroup Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, January 3rd. Stockholders of record on Tuesday, December 17th will be paid a $0.22 dividend. This is a positive change from PulteGroup’s previous quarterly dividend of $0.20. The ex-dividend date is Tuesday, December 17th. This represents a $0.88 dividend on an annualized basis and a dividend yield of 0.68%. PulteGroup’s dividend payout ratio is 5.90%.

Insider Buying and Selling

In other PulteGroup news, CFO Robert Oshaughnessy sold 71,007 shares of the business’s stock in a transaction on Friday, August 23rd. The shares were sold at an average price of $134.83, for a total value of $9,573,873.81. Following the sale, the chief financial officer now owns 89,323 shares in the company, valued at $12,043,420.09. The trade was a 44.29 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Thomas J. Folliard sold 19,000 shares of the firm’s stock in a transaction dated 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 transaction, the director now owns 45,230 shares of the company’s stock, valued at approximately $5,931,462.20. The trade was a 29.58 % decrease in their position. The disclosure for this sale can be found here. 0.75% of the stock is currently owned by company insiders.

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.