Heritage Oak Wealth Advisors LLC Makes New $490,000 Investment in PulteGroup, Inc. (NYSE:PHM)

Heritage Oak Wealth Advisors LLC acquired a new stake in shares of PulteGroup, Inc. (NYSE:PHM) in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund acquired 3,411 shares of the construction company’s stock, valued at approximately $490,000.

Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. Greenhaven Associates Inc. lifted its holdings in PulteGroup by 0.3% during the third quarter. Greenhaven Associates Inc. now owns 5,593,179 shares of the construction company’s stock valued at $802,789,000 after purchasing an additional 16,871 shares in the last quarter. Pacer Advisors Inc. raised its position in shares of PulteGroup by 8.6% during the 2nd quarter. Pacer Advisors Inc. now owns 2,968,788 shares of the construction company’s stock valued at $326,864,000 after purchasing an additional 235,826 shares during the period. Hsbc Holdings PLC lifted its stake in shares of PulteGroup by 19.6% during the 2nd quarter. Hsbc Holdings PLC now owns 1,529,698 shares of the construction company’s stock valued at $168,254,000 after buying an additional 250,937 shares in the last quarter. Captrust Financial Advisors boosted its holdings in PulteGroup by 18.4% in the 1st quarter. Captrust Financial Advisors now owns 1,085,939 shares of the construction company’s stock worth $130,986,000 after buying an additional 168,746 shares during the period. Finally, Victory Capital Management Inc. raised its holdings in PulteGroup by 5.9% during the second quarter. Victory Capital Management Inc. now owns 964,422 shares of the construction company’s stock valued at $106,183,000 after acquiring an additional 53,924 shares during the period. 89.90% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several analysts recently issued reports on the company. JPMorgan Chase & Co. increased their target price on PulteGroup from $141.00 to $152.00 and gave the stock an “overweight” rating in a research report on Thursday, July 25th. Wedbush restated a “neutral” rating and set a $115.00 target price on shares of PulteGroup in a research report on Tuesday. Evercore ISI reduced their price target on shares of PulteGroup from $198.00 to $195.00 and set an “outperform” rating on the stock in a report on Wednesday. UBS Group raised their price objective on PulteGroup from $148.00 to $154.00 and gave the company a “neutral” rating in a research report on Wednesday. Finally, Citigroup cut their price target on PulteGroup from $129.00 to $117.00 and set a “neutral” rating for the company in a report on Tuesday, July 2nd. Six equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $145.00.

Insider Activity at PulteGroup

In other news, CFO Robert Oshaughnessy sold 71,007 shares of the company’s stock in a transaction dated Friday, August 23rd. The stock was sold at an average price of $134.83, for a total transaction of $9,573,873.81. Following the completion of 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 represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. In other PulteGroup news, Director Thomas J. Folliard sold 19,000 shares of the company’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 completion of the transaction, 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 transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CFO Robert Oshaughnessy sold 71,007 shares of the business’s stock in a transaction dated 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 completion of the sale, the chief financial officer now directly owns 89,323 shares of the company’s stock, valued at $12,043,420.09. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 119,000 shares of company stock worth $15,814,039. Company insiders own 0.83% of the company’s stock.

PulteGroup Price Performance

Shares of PulteGroup stock traded down $1.64 during trading hours on Friday, reaching $134.20. 247,447 shares of the company’s stock were exchanged, compared to its average volume of 1,830,637. The business has a fifty day moving average of $136.67 and a two-hundred day moving average of $122.95. The company has a quick ratio of 0.76, a current ratio of 0.73 and a debt-to-equity ratio of 0.14. The company has a market capitalization of $28.23 billion, a P/E ratio of 10.88, a price-to-earnings-growth ratio of 0.55 and a beta of 1.62. PulteGroup, Inc. has a 1 year low of $71.20 and a 1 year high of $149.47.

PulteGroup (NYSE:PHM) last issued its earnings results on Tuesday, October 22nd. The construction company reported $3.35 EPS for the quarter, topping analysts’ consensus estimates of $3.10 by $0.25. The company had revenue of $4.48 billion for the quarter, compared to the consensus estimate 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% compared to the same quarter last year. During the same period in the previous year, the firm earned $2.90 earnings per share. As a group, research analysts predict that PulteGroup, Inc. will post 12.9 earnings per share for the current fiscal year.

PulteGroup Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, October 2nd. Shareholders of record on Tuesday, September 17th were paid a $0.20 dividend. The ex-dividend date of this dividend was Tuesday, September 17th. This represents a $0.80 annualized dividend and a dividend yield of 0.60%. PulteGroup’s dividend payout ratio (DPR) is 6.41%.

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.