Ellis Investment Partners LLC Acquires 1,056 Shares of PulteGroup, Inc. (NYSE:PHM)

Ellis Investment Partners LLC raised its holdings in PulteGroup, Inc. (NYSE:PHM) by 4.3% in the third quarter, HoldingsChannel.com reports. The firm owned 25,585 shares of the construction company’s stock after purchasing an additional 1,056 shares during the quarter. PulteGroup comprises approximately 0.7% of Ellis Investment Partners LLC’s holdings, making the stock its 29th biggest holding. Ellis Investment Partners LLC’s holdings in PulteGroup were worth $3,672,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of PHM. WR Wealth Planners LLC lifted its holdings in shares of PulteGroup by 54.7% during the 2nd quarter. WR Wealth Planners LLC now owns 232 shares of the construction company’s stock worth $26,000 after acquiring an additional 82 shares during the period. LRI Investments LLC bought a new stake in shares of PulteGroup during the 1st quarter worth approximately $28,000. Rothschild Investment LLC bought a new stake in shares of PulteGroup during the 2nd quarter worth approximately $31,000. Candriam S.C.A. bought a new stake in shares of PulteGroup during the 2nd quarter worth approximately $33,000. Finally, Continuum Advisory LLC lifted its holdings in shares of PulteGroup by 94.5% during the 2nd quarter. Continuum Advisory LLC now owns 317 shares of the construction company’s stock worth $35,000 after acquiring an additional 154 shares during the period. Institutional investors own 89.90% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on PHM shares. Evercore ISI lowered their price objective on shares of PulteGroup from $198.00 to $195.00 and set an “outperform” rating for the company in a research report on Wednesday. Raymond James upped their price objective on shares of PulteGroup from $135.00 to $145.00 and gave the stock an “outperform” rating in a research report on Thursday, July 25th. Oppenheimer lowered their price objective on shares of PulteGroup from $168.00 to $165.00 and set an “outperform” rating for the company in a research report on Wednesday. Wedbush reiterated a “neutral” rating and set a $115.00 price objective on shares of PulteGroup in a research report on Tuesday, October 22nd. Finally, Royal Bank of Canada upped their price objective on shares of PulteGroup from $113.00 to $120.00 and gave the stock a “sector perform” rating in a research report on Wednesday, July 24th. Six analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $145.00.

PulteGroup Trading Down 2.5 %

Shares of NYSE:PHM traded down $3.37 during trading on Friday, reaching $132.47. The stock had a trading volume of 1,655,389 shares, compared to its average volume of 1,837,436. The firm’s fifty day moving average is $137.14 and its 200 day moving average is $123.16. The company has a debt-to-equity ratio of 0.14, a quick ratio of 0.76 and a current ratio of 0.73. PulteGroup, Inc. has a 52 week low of $71.20 and a 52 week high of $149.47. The stock has a market cap of $27.86 billion, a price-to-earnings ratio of 10.61, a P/E/G ratio of 0.55 and a beta of 1.62.

PulteGroup (NYSE:PHM) last issued its earnings results on Tuesday, October 22nd. The construction company reported $3.35 earnings per share (EPS) for the quarter, topping the consensus estimate 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 revenue was up 11.8% on a year-over-year basis. During the same period in the prior year, the firm earned $2.90 earnings per share. As a group, equities analysts forecast 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. Shareholders of record on Tuesday, September 17th were paid a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a dividend yield of 0.60%. The ex-dividend date was Tuesday, September 17th. PulteGroup’s dividend payout ratio (DPR) is 6.41%.

Insider Buying and Selling at PulteGroup

In other PulteGroup news, Director Thomas J. Folliard sold 19,000 shares of the firm’s 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 transaction, the director now directly owns 45,230 shares of the company’s stock, valued at approximately $5,931,462.20. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, Director Thomas J. Folliard sold 19,000 shares of the stock in a transaction dated 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 owns 45,230 shares in the company, valued at $5,931,462.20. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CFO Robert Oshaughnessy sold 71,007 shares of the stock in a transaction dated 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 completion of the sale, the chief financial officer now owns 89,323 shares of the company’s stock, valued at approximately $12,043,420.09. This represents 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 valued at $15,814,039. Corporate insiders own 0.83% of the company’s stock.

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.