JB Capital LLC Grows Position in PulteGroup, Inc. (NYSE:PHM)

JB Capital LLC boosted its position in PulteGroup, Inc. (NYSE:PHM) by 0.9% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 29,992 shares of the construction company’s stock after acquiring an additional 263 shares during the quarter. JB Capital LLC’s holdings in PulteGroup were worth $4,305,000 at the end of the most recent quarter.

A number of other institutional investors also recently added to or reduced their stakes in PHM. Fortitude Family Office LLC raised its position in shares of PulteGroup by 115.1% during the 3rd quarter. Fortitude Family Office LLC now owns 185 shares of the construction company’s stock worth $27,000 after acquiring an additional 99 shares in the last quarter. WR Wealth Planners LLC raised its holdings in PulteGroup by 54.7% during 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 in the last quarter. LRI Investments LLC purchased a new stake in shares of PulteGroup during the 1st quarter worth approximately $28,000. Rothschild Investment LLC acquired a new position in shares of PulteGroup in the 2nd quarter valued at $31,000. Finally, Candriam S.C.A. acquired a new position in shares of PulteGroup in the 2nd quarter valued at $33,000. Hedge funds and other institutional investors own 89.90% of the company’s stock.

Insider Buying and Selling

In other 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 transaction, the chief financial officer now owns 89,323 shares of the company’s stock, valued at $12,043,420.09. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. In other 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 transaction of $9,573,873.81. Following the completion of the sale, the chief financial officer now directly owns 89,323 shares of the company’s stock, valued at $12,043,420.09. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Thomas J. Folliard sold 19,000 shares of PulteGroup 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 completion of the transaction, the director now owns 45,230 shares in the company, valued at $5,931,462.20. The trade was a 0.00 % 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 Price Performance

Shares of PHM traded up $2.33 on Thursday, reaching $131.50. The stock had a trading volume of 244,558 shares, compared to its average volume of 1,841,006. The firm has a 50-day moving average of $137.23 and a 200 day moving average of $124.47. The firm has a market capitalization of $26.97 billion, a PE ratio of 9.53, a PEG ratio of 0.53 and a beta of 1.63. PulteGroup, Inc. has a twelve month low of $80.60 and a twelve month high of $149.47. 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) 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. The business had revenue of $4.48 billion during the quarter, compared to the consensus estimate of $4.27 billion. PulteGroup had a return on equity of 25.30% and a net margin of 16.64%. The business’s revenue was up 11.8% on a year-over-year basis. During the same quarter in the previous year, the company posted $2.90 EPS. Sell-side analysts expect that PulteGroup, Inc. will post 12.92 EPS for the current year.

PulteGroup Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, October 2nd. Investors 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 0.61%. PulteGroup’s payout ratio is currently 5.90%.

Analyst Ratings Changes

A number of analysts have recently commented on PHM shares. Oppenheimer cut their target price on PulteGroup from $168.00 to $165.00 and set an “outperform” rating on the stock in a research report on Wednesday, October 23rd. Royal Bank of Canada lifted their target price on shares of PulteGroup from $113.00 to $120.00 and gave the company a “sector perform” rating in a report on Wednesday, July 24th. BTIG Research increased their price target on shares of PulteGroup from $139.00 to $156.00 and gave the stock a “buy” rating in a research note on Wednesday, October 23rd. JPMorgan Chase & Co. lifted their price objective on shares of PulteGroup from $141.00 to $152.00 and gave the company an “overweight” rating in a research note on Thursday, July 25th. Finally, Barclays increased their target price on shares of PulteGroup from $131.00 to $150.00 and gave the stock an “overweight” rating in a research note on Wednesday, July 24th. 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 data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price 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.