PulteGroup, Inc. (NYSE:PHM) Shares Purchased by Roof Eidam Maycock Peralta LLC

22 Oct 2024, 08:52 by Amy Steele · The Cerbat Gem

Roof Eidam Maycock Peralta LLC lifted its position in PulteGroup, Inc. (NYSE:PHM – Free Report) by 3.6% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 14,480 shares of the construction company’s stock after acquiring an additional 500 shares during the period. Roof Eidam Maycock Peralta LLC’s holdings in PulteGroup were worth $2,078,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also recently made changes to their positions in the company. Wellington Management Group LLP acquired a new stake in PulteGroup during the 4th quarter worth about $5,731,000. Ballentine Partners LLC grew its position in PulteGroup by 4.2% during the 1st quarter. Ballentine Partners LLC now owns 3,757 shares of the construction company’s stock worth $453,000 after purchasing an additional 151 shares during the period. Gateway Investment Advisers LLC grew its position in PulteGroup by 14.1% during the 1st quarter. Gateway Investment Advisers LLC now owns 8,613 shares of the construction company’s stock worth $1,039,000 after purchasing an additional 1,064 shares during the period. Atlas Capital Advisors LLC grew its position in PulteGroup by 2.3% during the 1st quarter. Atlas Capital Advisors LLC now owns 9,962 shares of the construction company’s stock worth $1,202,000 after purchasing an additional 225 shares during the period. Finally, DGS Capital Management LLC acquired a new stake in PulteGroup during the 1st quarter worth about $251,000. 89.90% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

PHM has been the topic of several analyst reports. Barclays increased their price target on PulteGroup from $131.00 to $150.00 and gave the stock an “overweight” rating in a research report on Wednesday, July 24th. Evercore ISI raised their target price on PulteGroup from $183.00 to $189.00 and gave the company an “outperform” rating in a research report on Monday, July 15th. Wedbush restated a “neutral” rating and set a $115.00 target price on shares of PulteGroup in a research report on Friday, August 16th. JPMorgan Chase & Co. raised their target price on PulteGroup from $141.00 to $152.00 and gave the company an “overweight” rating in a research report on Thursday, July 25th. Finally, Oppenheimer raised their target price on PulteGroup from $151.00 to $168.00 and gave the company an “outperform” rating in a research report on Wednesday, October 2nd. Six analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $141.14.

Get Our Latest Report on PHM

PulteGroup Trading Down 3.2 %

Shares of PulteGroup stock opened at $144.26 on Tuesday. The stock has a market cap of $30.34 billion, a P/E ratio of 11.55, a P/E/G ratio of 0.58 and a beta of 1.62. The stock’s 50 day simple moving average is $136.24 and its 200-day simple moving average is $122.75. PulteGroup, Inc. has a 1-year low of $68.80 and a 1-year high of $149.47. 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 (NYSE:PHM – Get Free Report) last issued its earnings results on Tuesday, July 23rd. The construction company reported $3.83 earnings per share for the quarter, topping the consensus estimate of $3.27 by $0.56. PulteGroup had a return on equity of 25.67% and a net margin of 16.75%. The business had revenue of $4.60 billion for the quarter, compared to analysts’ expectations of $4.49 billion. During the same period in the previous year, the firm posted $3.00 EPS. The business’s revenue for the quarter was up 9.8% compared to the same quarter last year. Analysts predict that PulteGroup, Inc. will post 12.9 EPS for the current fiscal year.

PulteGroup Dividend Announcement

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

Insider Activity at PulteGroup

In related news, Director Thomas J. Folliard sold 19,000 shares of the company’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 value of $2,491,660.00. Following the transaction, the director now directly owns 45,230 shares in the company, valued at approximately $5,931,462.20. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. In other PulteGroup news, CFO Robert Oshaughnessy sold 71,007 shares of the business’s stock in a transaction that occurred on Friday, August 23rd. The stock was 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 of the company’s stock, valued at $12,043,420.09. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Thomas J. Folliard sold 19,000 shares of the business’s stock in a transaction that occurred 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 sale, the director now directly owns 45,230 shares in the company, 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. Over the last three months, insiders have sold 119,000 shares of company stock worth $15,814,039. Insiders own 0.83% of the company’s stock.

About PulteGroup

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