Banque Cantonale Vaudoise trimmed its position in shares of PulteGroup, Inc. (NYSE:PHM - Free Report) by 58.7% during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 3,728 shares of the construction company's stock after selling 5,308 shares during the period. Banque Cantonale Vaudoise's holdings in PulteGroup were worth $535,000 at the end of the most recent quarter.
Several other large investors have also recently added to or reduced their stakes in PHM. WR Wealth Planners LLC increased its position in shares of 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 purchasing an additional 82 shares during the period. Fortitude Family Office LLC increased its holdings in PulteGroup by 115.1% in the 3rd quarter. Fortitude Family Office LLC now owns 185 shares of the construction company's stock valued at $27,000 after buying an additional 99 shares during the period. LRI Investments LLC acquired a new position in shares of PulteGroup in the 1st quarter valued at $28,000. Transcendent Capital Group LLC bought a new position in shares of PulteGroup during the 3rd quarter worth about $29,000. Finally, Rothschild Investment LLC acquired a new stake in shares of PulteGroup during the 2nd quarter valued at about $31,000. Institutional investors and hedge funds own 89.90% of the company's stock.
PulteGroup stock opened at $128.49 on Friday. The company's 50 day simple moving average is $136.94 and its 200 day simple moving average is $125.69. The company has a debt-to-equity ratio of 0.14, a current ratio of 0.73 and a quick ratio of 0.73. The firm has a market capitalization of $26.35 billion, a price-to-earnings ratio of 9.48, a PEG ratio of 0.52 and a beta of 1.63. PulteGroup, Inc. has a fifty-two week low of $86.59 and a fifty-two week high of $149.47.
PulteGroup (NYSE:PHM - Get Free Report) last issued its quarterly earnings data on Tuesday, October 22nd. The construction company reported $3.35 EPS for the quarter, topping the consensus estimate of $3.10 by $0.25. PulteGroup had a return on equity of 25.30% and a net margin of 16.64%. The business had revenue of $4.48 billion for the quarter, compared to the consensus estimate of $4.27 billion. During the same quarter last year, the business posted $2.90 EPS. The firm's revenue was up 11.8% compared to the same quarter last year. As a group, sell-side analysts anticipate that PulteGroup, Inc. will post 12.94 EPS for the current year.
The business also recently announced a quarterly dividend, which will be paid on Friday, January 3rd. Shareholders of record on Tuesday, December 17th will be issued a dividend of $0.22 per share. This is an increase from PulteGroup's previous quarterly dividend of $0.20. This represents a $0.88 annualized dividend and a yield of 0.68%. The ex-dividend date is Tuesday, December 17th. PulteGroup's dividend payout ratio (DPR) is 5.90%.
In other PulteGroup news, Director Thomas J. Folliard sold 19,000 shares of the business'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 sale, the director now owns 45,230 shares in the company, valued at approximately $5,931,462.20. The trade was a 29.58 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 0.83% of the stock is currently owned by company insiders.
Several research firms recently issued reports on PHM. JPMorgan Chase & Co. increased their price target on shares of PulteGroup from $141.00 to $152.00 and gave the stock an "overweight" rating in a research report on Thursday, July 25th. Wolfe Research lowered PulteGroup from an "outperform" rating to a "peer perform" rating in a research note on Wednesday, August 14th. BTIG Research increased their price objective on PulteGroup from $139.00 to $156.00 and gave the stock a "buy" rating in a research note on Wednesday, October 23rd. Raymond James boosted their target price on shares of PulteGroup from $135.00 to $145.00 and gave the company an "outperform" rating in a research note on Thursday, July 25th. Finally, Evercore ISI dropped their target price on shares of PulteGroup from $198.00 to $195.00 and set an "outperform" rating for the company in a research report on Wednesday, October 23rd. Six equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company's stock. According to data from MarketBeat, PulteGroup currently has a consensus rating of "Moderate Buy" and an average price target of $145.00.
Get Our Latest Research Report on 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.
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