Rothschild Investment LLC Invests $31,000 in PulteGroup, Inc. (NYSE:PHM)

Rothschild Investment LLC purchased a new position in shares of PulteGroup, Inc. (NYSE:PHM) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 283 shares of the construction company’s stock, valued at approximately $31,000.

Several other large investors have also modified their holdings of PHM. E Fund Management Hong Kong Co. Ltd. acquired a new position in PulteGroup in the first quarter worth $26,000. Benjamin Edwards Inc. acquired a new position in shares of PulteGroup in the 1st quarter valued at about $26,000. LRI Investments LLC acquired a new position in shares of PulteGroup in the 1st quarter valued at about $28,000. Continuum Advisory LLC grew its position in shares of PulteGroup by 94.5% during the 2nd quarter. Continuum Advisory LLC now owns 317 shares of the construction company’s stock valued at $35,000 after buying an additional 154 shares during the last quarter. Finally, Security National Bank acquired a new stake in PulteGroup during the fourth quarter worth about $40,000. Institutional investors own 89.90% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have recently commented on PHM shares. JPMorgan Chase & Co. upped their target price on PulteGroup from $141.00 to $152.00 and gave the company an “overweight” rating in a report on Thursday, July 25th. BTIG Research upped their price objective on PulteGroup from $133.00 to $139.00 and gave the stock a “buy” rating in a research note 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 note on Monday, July 15th. Barclays upped their price target on shares of PulteGroup from $131.00 to $150.00 and gave the stock an “overweight” rating in a research report on Wednesday, July 24th. Finally, Bank of America increased their price objective on shares of PulteGroup from $135.00 to $138.00 and gave the stock a “buy” rating in a report on Monday, July 22nd. Six investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $133.14.

Insider Buying and Selling at PulteGroup

In other news, CFO Robert Oshaughnessy sold 71,007 shares of PulteGroup stock in a transaction that occurred on Friday, August 23rd. The shares were sold at an average price of $134.83, for a total value of $9,573,873.81. Following the transaction, the chief financial officer now owns 89,323 shares of the company’s stock, valued at approximately $12,043,420.09. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, Director Thomas J. Folliard sold 19,000 shares of the business’s stock in a transaction on Wednesday, August 28th. The stock was sold at an average price of $131.14, for a total transaction of $2,491,660.00. Following the sale, the director now directly owns 45,230 shares of the company’s stock, valued at $5,931,462.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Robert Oshaughnessy sold 71,007 shares of the company’s stock in a transaction on Friday, August 23rd. The shares were 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 directly owns 89,323 shares of the company’s stock, valued at $12,043,420.09. The disclosure for this sale can be found here. In the last three months, insiders sold 119,000 shares of company stock valued at $15,814,039. 0.83% of the stock is owned by insiders.

PulteGroup Trading Up 1.5 %

PulteGroup stock opened at $130.20 on Friday. PulteGroup, Inc. has a 12-month low of $68.80 and a 12-month high of $136.47. The company has a debt-to-equity ratio of 0.15, a current ratio of 0.76 and a quick ratio of 0.76. The stock has a market capitalization of $27.39 billion, a PE ratio of 10.42, a price-to-earnings-growth ratio of 0.54 and a beta of 1.62. The firm has a 50 day simple moving average of $122.82 and a 200-day simple moving average of $116.33.

PulteGroup (NYSE:PHM) last issued its quarterly earnings results on Tuesday, July 23rd. The construction company reported $3.83 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.27 by $0.56. PulteGroup had a return on equity of 25.67% and a net margin of 16.75%. The firm had revenue of $4.60 billion during the quarter, compared to analyst estimates of $4.49 billion. During the same period last year, the company posted $3.00 EPS. The firm’s quarterly revenue was up 9.8% on a year-over-year basis. As a group, equities research analysts expect that PulteGroup, Inc. will post 12.9 EPS for the current fiscal year.

PulteGroup Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, October 2nd. Shareholders of record on Tuesday, September 17th will be given a $0.20 dividend. This represents a $0.80 annualized dividend and a yield of 0.61%. The ex-dividend date is Tuesday, September 17th. PulteGroup’s dividend payout ratio (DPR) is presently 6.41%.

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.