Sheaff Brock Investment Advisors LLC Takes Position in PulteGroup, Inc. (NYSE:PHM)

Sheaff Brock Investment Advisors LLC bought a new position in PulteGroup, Inc. (NYSE:PHM) during the 3rd quarter, Holdings Channel reports. The firm bought 1,850 shares of the construction company’s stock, valued at approximately $266,000.

A number of other large investors have also bought and sold shares of the business. US Bancorp DE raised its position in shares of PulteGroup by 13.6% during the first quarter. US Bancorp DE now owns 13,888 shares of the construction company’s stock worth $1,675,000 after acquiring an additional 1,665 shares during the last quarter. Avantax Advisory Services Inc. bought a new stake in shares of PulteGroup in the first quarter worth about $358,000. Entropy Technologies LP acquired a new position in shares of PulteGroup in the 1st quarter valued at approximately $419,000. Koshinski Asset Management Inc. bought a new stake in PulteGroup during the 1st quarter worth approximately $237,000. Finally, SageView Advisory Group LLC acquired a new stake in PulteGroup during the 1st quarter worth approximately $297,000. 89.90% of the stock is currently owned by institutional investors.

PulteGroup Price Performance

NYSE:PHM opened at $128.89 on Friday. The firm’s fifty day moving average price is $137.29 and its two-hundred day moving average price is $125.27. 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 company has a market cap of $26.43 billion, a P/E ratio of 9.51, a P/E/G ratio of 0.52 and a beta of 1.63. PulteGroup, Inc. has a one year low of $86.59 and a one year high of $149.47.

PulteGroup (NYSE:PHM) last announced 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 business 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%. PulteGroup’s quarterly revenue was up 11.8% on a year-over-year basis. During the same quarter in the prior year, the business earned $2.90 EPS. Equities analysts expect that PulteGroup, Inc. will post 12.94 earnings per share for the current year.

PulteGroup Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, January 3rd. Investors of record on Tuesday, December 17th will be issued a dividend of $0.22 per share. This is a boost 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 presently 5.90%.

Insider Activity at PulteGroup

In other news, CFO Robert Oshaughnessy sold 71,007 shares of the firm’s stock in a transaction that occurred on Friday, August 23rd. The shares were 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 directly owns 89,323 shares of the company’s stock, valued at approximately $12,043,420.09. This trade represents a 44.29 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Thomas J. Folliard sold 19,000 shares of PulteGroup 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 completion of the transaction, the director now directly owns 45,230 shares of the company’s stock, valued at $5,931,462.20. This represents a 29.58 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.83% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

Several research analysts recently commented on PHM shares. Wolfe Research cut shares of PulteGroup from an “outperform” rating to a “peer perform” rating in a report on Wednesday, August 14th. Wells Fargo & Company raised their price objective on PulteGroup from $150.00 to $165.00 and gave the company an “overweight” rating in a report on Monday, October 7th. Royal Bank of Canada upped their target price on PulteGroup from $113.00 to $120.00 and gave the stock a “sector perform” rating in a report on Wednesday, July 24th. Barclays raised their price target on PulteGroup from $131.00 to $150.00 and gave the company an “overweight” rating in a research note on Wednesday, July 24th. Finally, Bank of America boosted their price target on PulteGroup from $138.00 to $160.00 and gave the stock a “buy” rating in a research report on Thursday, September 19th. Six research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $145.00.

PulteGroup Company 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.