PulteGroup, Inc. (NYSE:PHM) Position Increased by KBC Group NV

KBC Group NV lifted its position in PulteGroup, Inc. (NYSE:PHM) by 1,020.0% during the 3rd quarter, HoldingsChannel.com reports. The fund owned 435,925 shares of the construction company’s stock after buying an additional 397,003 shares during the quarter. KBC Group NV’s holdings in PulteGroup were worth $62,568,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in the company. Fortitude Family Office LLC grew its position in 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 purchasing an additional 99 shares in the last quarter. Transcendent Capital Group LLC acquired a new stake in shares of PulteGroup in the third quarter worth $29,000. WR Wealth Planners LLC raised its position in PulteGroup by 54.7% during the second quarter. WR Wealth Planners LLC now owns 232 shares of the construction company’s stock valued at $26,000 after buying an additional 82 shares during the period. LRI Investments LLC acquired a new position in PulteGroup during the first quarter valued at $28,000. Finally, Rothschild Investment LLC purchased a new stake in PulteGroup in the 2nd quarter worth about $31,000. Institutional investors and hedge funds own 89.90% of the company’s stock.

PulteGroup Stock Performance

Shares of NYSE PHM opened at $127.46 on Thursday. The business’s 50-day simple moving average is $137.31 and its 200-day simple moving average is $125.12. PulteGroup, Inc. has a 52 week low of $85.31 and a 52 week 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 firm has a market cap of $26.14 billion, a price-to-earnings ratio of 9.40, a P/E/G ratio of 0.52 and a beta of 1.63.

PulteGroup (NYSE:PHM) last released its quarterly earnings results on Tuesday, October 22nd. The construction company reported $3.35 EPS for the quarter, beating analysts’ consensus estimates of $3.10 by $0.25. The company had revenue of $4.48 billion for the quarter, compared to analyst estimates of $4.27 billion. PulteGroup had a net margin of 16.64% and a return on equity of 25.30%. The company’s quarterly revenue was up 11.8% compared to the same quarter last year. During the same quarter last year, the firm posted $2.90 earnings per share. As a group, equities research analysts expect that PulteGroup, Inc. will post 12.94 earnings per share for the current fiscal year.

PulteGroup Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, October 2nd. Shareholders 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 yield of 0.63%. The ex-dividend date of this dividend was Tuesday, September 17th. PulteGroup’s dividend payout ratio (DPR) is 5.90%.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on PHM shares. JPMorgan Chase & Co. lifted their target price on PulteGroup from $141.00 to $152.00 and gave the company an “overweight” rating in a research note on Thursday, July 25th. BTIG Research upped their price objective on shares of PulteGroup from $139.00 to $156.00 and gave the company a “buy” rating in a research note 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 research note on Wednesday, July 24th. UBS Group upped their price target on shares of PulteGroup from $148.00 to $154.00 and gave the stock a “neutral” rating in a research note on Wednesday, October 23rd. Finally, Raymond James increased their price objective on PulteGroup from $135.00 to $145.00 and gave the stock an “outperform” rating in a report on Thursday, July 25th. Six analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. According to data from MarketBeat.com, PulteGroup presently has an average rating of “Moderate Buy” and an average price target of $145.00.

Insider Activity

In related news, CFO Robert Oshaughnessy sold 71,007 shares of the business’s stock in a transaction dated Friday, August 23rd. The stock was 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 approximately $12,043,420.09. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In other PulteGroup news, Director Thomas J. Folliard sold 19,000 shares of the firm’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 in the company, valued at $5,931,462.20. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CFO Robert Oshaughnessy sold 71,007 shares of the business’s stock in a transaction dated Friday, August 23rd. The stock was 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 in the company, valued at approximately $12,043,420.09. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. 0.83% of the stock is currently owned by company insiders.

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.