1,807 Shares in PulteGroup, Inc. (NYSE:PHM) Bought by Kowal Investment Group LLC

Kowal Investment Group LLC acquired a new position in PulteGroup, Inc. (NYSE:PHM) during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 1,807 shares of the construction company’s stock, valued at approximately $259,000.

Other institutional investors also recently modified their holdings of the company. Benjamin Edwards Inc. bought a new stake in shares of PulteGroup in the first quarter worth $26,000. WR Wealth Planners LLC grew its stake 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 worth $26,000 after purchasing an additional 82 shares during the last quarter. LRI Investments LLC bought a new stake in shares of PulteGroup in the first quarter worth $28,000. Rothschild Investment LLC bought a new stake in shares of PulteGroup in the second quarter worth $31,000. Finally, Candriam S.C.A. bought a new stake in shares of PulteGroup in the second quarter worth $33,000. Institutional investors own 89.90% of the company’s stock.

PulteGroup Trading Down 0.6 %

PHM opened at $145.96 on Friday. The company has a debt-to-equity ratio of 0.15, a current ratio of 0.76 and a quick ratio of 0.76. PulteGroup, Inc. has a fifty-two week low of $68.80 and a fifty-two week high of $147.46. The firm has a market capitalization of $30.70 billion, a PE ratio of 11.69, a P/E/G ratio of 0.57 and a beta of 1.62. The company’s 50-day moving average is $135.27 and its 200 day moving average is $122.22.

PulteGroup (NYSE:PHM) last posted its earnings results on Tuesday, July 23rd. The construction company reported $3.83 earnings per share for the quarter, topping analysts’ consensus estimates of $3.27 by $0.56. The company had revenue of $4.60 billion for the quarter, compared to analyst estimates of $4.49 billion. PulteGroup had a net margin of 16.75% and a return on equity of 25.67%. The firm’s revenue was up 9.8% compared to the same quarter last year. During the same quarter in the prior year, the business posted $3.00 EPS. As a group, research analysts predict that PulteGroup, Inc. will post 12.9 earnings per share for the current fiscal year.

PulteGroup Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, October 2nd. Shareholders of record on Tuesday, September 17th were paid a $0.20 dividend. The ex-dividend date was Tuesday, September 17th. This represents a $0.80 annualized dividend and a yield of 0.55%. PulteGroup’s dividend payout ratio (DPR) is 6.41%.

Insider Buying and Selling at PulteGroup

In other PulteGroup news, CFO Robert Oshaughnessy sold 71,007 shares of the stock in a transaction dated 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 completion of the sale, the chief financial officer now owns 89,323 shares in the company, valued at approximately $12,043,420.09. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. In other news, CFO Robert Oshaughnessy sold 71,007 shares of the firm’s stock in a transaction that occurred 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 owns 89,323 shares in the company, valued at $12,043,420.09. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Thomas J. Folliard sold 19,000 shares of the firm’s stock in a transaction that occurred 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 of the company’s stock, valued at approximately $5,931,462.20. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 119,000 shares of company stock worth $15,814,039. Insiders own 0.83% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have commented on PHM. Bank of America upped their price target on shares of PulteGroup from $138.00 to $160.00 and gave the company a “buy” rating in a research report on Thursday, September 19th. Barclays upped their price target on shares of PulteGroup from $131.00 to $150.00 and gave the company an “overweight” rating in a research report on Wednesday, July 24th. Oppenheimer upped their price target on shares of PulteGroup from $151.00 to $168.00 and gave the company an “outperform” rating in a research report on Wednesday, October 2nd. Wells Fargo & Company upped their price target on shares of PulteGroup from $150.00 to $165.00 and gave the company an “overweight” rating in a research report on Monday, October 7th. Finally, Evercore ISI upped their price target on shares of PulteGroup from $183.00 to $189.00 and gave the company an “outperform” rating in a research report on Monday, July 15th. Six research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $141.14.

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.