Bogart Wealth LLC Acquires 14,131 Shares of PulteGroup, Inc. (NYSE:PHM)

Bogart Wealth LLC increased its holdings in PulteGroup, Inc. (NYSE:PHM) by 44.6% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 45,813 shares of the construction company’s stock after purchasing an additional 14,131 shares during the period. Bogart Wealth LLC’s holdings in PulteGroup were worth $6,576,000 as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. WR Wealth Planners LLC lifted 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 worth $26,000 after buying an additional 82 shares in the last quarter. LRI Investments LLC purchased a new stake in PulteGroup in the 1st quarter worth $28,000. Rothschild Investment LLC bought a new position in shares of PulteGroup during the 2nd quarter valued at about $31,000. Candriam S.C.A. purchased a new position in shares of PulteGroup during the second quarter valued at about $33,000. Finally, Thurston Springer Miller Herd & Titak Inc. grew its position in shares of PulteGroup by 1,059.3% during the third quarter. Thurston Springer Miller Herd & Titak Inc. now owns 313 shares of the construction company’s stock valued at $45,000 after purchasing an additional 286 shares in the last quarter. 89.90% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In related news, CFO Robert Oshaughnessy sold 28,993 shares of the stock in a transaction on Thursday, August 1st. The stock was sold at an average price of $129.29, for a total value of $3,748,504.97. Following the completion of the transaction, the chief financial officer now directly owns 160,330 shares of the company’s stock, valued at approximately $20,729,065.70. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, Director Thomas J. Folliard sold 19,000 shares of the business’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 completion of the transaction, the director now directly 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 sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CFO Robert Oshaughnessy sold 28,993 shares of the stock in a transaction dated Thursday, August 1st. The shares were sold at an average price of $129.29, for a total value of $3,748,504.97. Following the completion of the transaction, the chief financial officer now owns 160,330 shares in the company, valued at approximately $20,729,065.70. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 119,000 shares of company stock worth $15,814,039 in the last quarter. Corporate insiders own 0.83% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on the company. Raymond James increased their price target on PulteGroup from $135.00 to $145.00 and gave the company an “outperform” rating in a research note on Thursday, July 25th. Evercore ISI lowered their target price on PulteGroup from $198.00 to $195.00 and set an “outperform” rating for the company in a research report on Wednesday. Oppenheimer reduced their price target on shares of PulteGroup from $168.00 to $165.00 and set an “outperform” rating on the stock in a research report on Wednesday. Barclays upped their target price 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. Finally, Wolfe Research lowered PulteGroup from an “outperform” rating to a “peer perform” rating in a research report on Wednesday, August 14th. Six research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $145.00.

PulteGroup Stock Up 2.1 %

PHM stock traded up $2.80 during trading on Thursday, hitting $135.96. 485,517 shares of the company’s stock traded hands, compared to its average volume of 1,830,843. The company has a quick ratio of 0.76, a current ratio of 0.76 and a debt-to-equity ratio of 0.15. The firm has a market capitalization of $28.21 billion, a P/E ratio of 10.16, a PEG ratio of 0.61 and a beta of 1.62. The business has a fifty day simple moving average of $136.67 and a two-hundred day simple moving average of $122.95. PulteGroup, Inc. has a 1 year low of $70.21 and a 1 year high of $149.47.

PulteGroup (NYSE:PHM) last announced its earnings results on Tuesday, October 22nd. The construction company reported $3.35 earnings per share for the quarter, topping the consensus estimate of $3.10 by $0.25. PulteGroup had a return on equity of 25.67% and a net margin of 16.75%. The firm had revenue of $4.48 billion for the quarter, compared to the consensus estimate of $4.27 billion. During the same period in the previous year, the business earned $2.90 EPS. The firm’s revenue for the quarter was up 11.8% on a year-over-year basis. Sell-side analysts anticipate that PulteGroup, Inc. will post 12.9 EPS for the current 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 issued a $0.20 dividend. The ex-dividend date was Tuesday, September 17th. This represents a $0.80 dividend on an annualized basis and a yield of 0.59%. PulteGroup’s payout ratio is 6.10%.

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.