PulteGroup, Inc. (NYSE:PHM) Shares Bought by D Orazio & Associates Inc.

D Orazio & Associates Inc. grew its position in shares of PulteGroup, Inc. (NYSE:PHM) by 25.8% in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 4,070 shares of the construction company’s stock after acquiring an additional 835 shares during the quarter. D Orazio & Associates Inc.’s holdings in PulteGroup were worth $584,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently modified their holdings of the company. WR Wealth Planners LLC boosted its holdings in shares of PulteGroup by 54.7% during the second quarter. WR Wealth Planners LLC now owns 232 shares of the construction company’s stock valued at $26,000 after acquiring an additional 82 shares during the period. Fortitude Family Office LLC raised its stake in shares of PulteGroup by 115.1% during the third quarter. Fortitude Family Office LLC now owns 185 shares of the construction company’s stock valued at $27,000 after purchasing an additional 99 shares in the last quarter. LRI Investments LLC bought a new stake in shares of PulteGroup during the first quarter valued at about $28,000. Transcendent Capital Group LLC bought a new stake in shares of PulteGroup during the third quarter valued at about $29,000. Finally, Rothschild Investment LLC bought a new stake in shares of PulteGroup during the second quarter valued at about $31,000. Institutional investors and hedge funds own 89.90% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on PHM. JPMorgan Chase & Co. lifted their price objective on shares of PulteGroup from $141.00 to $152.00 and gave the company an “overweight” rating in a research note on Thursday, July 25th. Royal Bank of Canada lifted their price objective on shares of PulteGroup from $113.00 to $120.00 and gave the company a “sector perform” rating in a research note on Wednesday, July 24th. UBS Group lifted their price objective on shares of PulteGroup from $148.00 to $154.00 and gave the company a “neutral” rating in a research note on Wednesday, October 23rd. Barclays boosted 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, Wedbush reiterated a “neutral” rating and issued a $115.00 price target on shares of PulteGroup in a research report on Tuesday, October 22nd. Six research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $145.00.

Insider Buying and Selling at PulteGroup

In other PulteGroup news, CFO Robert Oshaughnessy sold 71,007 shares of PulteGroup 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 transaction, the chief financial officer now owns 89,323 shares of the company’s stock, valued at $12,043,420.09. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. In related news, Director Thomas J. Folliard sold 19,000 shares of the business’s stock in a transaction that occurred on Wednesday, August 28th. The stock was 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 of the company’s stock, valued at approximately $5,931,462.20. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, CFO Robert Oshaughnessy sold 71,007 shares of the business’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 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 approximately $12,043,420.09. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 0.83% of the company’s stock.

PulteGroup Trading Up 0.5 %

PHM traded up $0.70 during trading on Wednesday, reaching $129.57. The company had a trading volume of 249,872 shares, compared to its average volume of 1,835,869. The firm’s 50-day simple moving average is $137.31 and its 200 day simple moving average is $125.12. The company has a market cap of $26.57 billion, a price-to-earnings ratio of 9.56, a PEG ratio of 0.52 and a beta of 1.63. PulteGroup, Inc. has a 12-month low of $85.31 and a 12-month high of $149.47. The company has a debt-to-equity ratio of 0.14, a quick ratio of 0.73 and a current ratio of 0.73.

PulteGroup (NYSE:PHM) last issued its quarterly earnings results on Tuesday, October 22nd. The construction company reported $3.35 earnings per share for the quarter, topping analysts’ consensus estimates of $3.10 by $0.25. The firm had revenue of $4.48 billion for the quarter, compared to analysts’ expectations of $4.27 billion. PulteGroup had a return on equity of 25.30% and a net margin of 16.64%. PulteGroup’s revenue was up 11.8% on a year-over-year basis. During the same quarter last year, the business posted $2.90 EPS. Equities research analysts anticipate that PulteGroup, Inc. will post 12.94 earnings per share for the current year.

PulteGroup Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, October 2nd. Shareholders of record on Tuesday, September 17th were paid a dividend of $0.20 per share. The ex-dividend date of this dividend was Tuesday, September 17th. This represents a $0.80 annualized dividend and a yield of 0.62%. PulteGroup’s dividend payout ratio (DPR) is presently 5.90%.

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.