Raymond James Financial Services Advisors Inc. Buys 3,688 Shares of PulteGroup, Inc. (PHM)

Raymond James Financial Services Advisors Inc. lifted its stake in PulteGroup, Inc. (NYSE:PHM) by 27.8% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 16,934 shares of the construction company’s stock after purchasing an additional 3,688 shares during the period. Raymond James Financial Services Advisors Inc.’s holdings in PulteGroup were worth $463,000 at the end of the most recent quarter.

A number of other large investors also recently added to or reduced their stakes in PHM. Vanguard Group Inc. raised its stake in PulteGroup by 1.5% in the second quarter. Vanguard Group Inc. now owns 27,962,696 shares of the construction company’s stock valued at $685,925,000 after buying an additional 403,573 shares in the last quarter. Dimensional Fund Advisors LP raised its stake in PulteGroup by 0.8% in the second quarter. Dimensional Fund Advisors LP now owns 10,506,625 shares of the construction company’s stock valued at $257,712,000 after buying an additional 83,336 shares in the last quarter. Royal Bank of Canada raised its stake in PulteGroup by 3.0% in the second quarter. Royal Bank of Canada now owns 4,813,036 shares of the construction company’s stock valued at $118,064,000 after buying an additional 141,369 shares in the last quarter. LSV Asset Management raised its stake in PulteGroup by 150.9% in the second quarter. LSV Asset Management now owns 2,029,335 shares of the construction company’s stock valued at $49,779,000 after buying an additional 1,220,579 shares in the last quarter. Finally, Fiera Capital Corp acquired a new stake in PulteGroup in the second quarter valued at $45,333,000. Hedge funds and other institutional investors own 84.80% of the company’s stock.

In related news, insider James R. Ellinghausen sold 67,490 shares of the firm’s stock in a transaction dated Monday, November 20th. The stock was sold at an average price of $32.35, for a total transaction of $2,183,301.50. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, insider James R. Ellinghausen sold 136,912 shares of the firm’s stock in a transaction dated Friday, October 27th. The stock was sold at an average price of $29.70, for a total value of $4,066,286.40. Following the transaction, the insider now directly owns 294,369 shares in the company, valued at approximately $8,742,759.30. The disclosure for this sale can be found here. Company insiders own 0.71% of the company’s stock.

PHM has been the topic of a number of analyst reports. UBS initiated coverage on PulteGroup in a research note on Wednesday, October 25th. They issued a “buy” rating and a $38.00 price target on the stock. Credit Suisse Group set a $35.00 target price on PulteGroup and gave the stock a “buy” rating in a research report on Tuesday, October 24th. Zacks Investment Research upgraded PulteGroup from a “hold” rating to a “buy” rating and set a $29.00 target price on the stock in a research report on Tuesday, September 26th. Royal Bank Of Canada reiterated a “buy” rating and set a $28.00 target price on shares of PulteGroup in a research report on Monday, September 25th. Finally, Bank of America set a $34.00 target price on PulteGroup and gave the stock a “buy” rating in a research report on Wednesday, October 25th. Two research analysts have rated the stock with a sell rating, eight have given a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus price target of $29.92.

PulteGroup, Inc. (NYSE:PHM) traded down $0.39 on Thursday, hitting $33.10. The stock had a trading volume of 4,990,100 shares, compared to its average volume of 5,086,797. The company has a debt-to-equity ratio of 0.72, a current ratio of 0.25 and a quick ratio of 0.25. PulteGroup, Inc. has a twelve month low of $18.18 and a twelve month high of $34.60. The firm has a market capitalization of $9,844.98, a PE ratio of 16.34, a P/E/G ratio of 0.89 and a beta of 1.21.

PulteGroup (NYSE:PHM) last released its quarterly earnings results on Tuesday, October 24th. The construction company reported $0.60 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.59 by $0.01. PulteGroup had a return on equity of 14.38% and a net margin of 7.77%. The firm had revenue of $2.13 billion for the quarter, compared to analyst estimates of $2.30 billion. During the same quarter last year, the company posted $0.43 earnings per share. The business’s revenue was up 9.6% on a year-over-year basis. equities research analysts forecast that PulteGroup, Inc. will post 2.2 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Wednesday, January 3rd. Investors of record on Tuesday, December 12th will be issued a dividend of $0.09 per share. This represents a $0.36 dividend on an annualized basis and a dividend yield of 1.09%. The ex-dividend date is Monday, December 11th. PulteGroup’s dividend payout ratio is currently 17.91%.

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PulteGroup Company Profile

PulteGroup, Inc is a homebuilder in the United States. The Company’s segments include Homebuilding and Financial Services. Its Homebuilding operations are engaged in the acquisition and development of land primarily for residential purposes within the United States and the construction of housing on such land.

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Institutional Ownership by Quarter for PulteGroup (NYSE:PHM)

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