First Trust Direct Indexing L.P. Has $1.20 Million Position in PulteGroup, Inc. (NYSE:PHM)

First Trust Direct Indexing L.P. trimmed its position in shares of PulteGroup, Inc. (NYSE:PHM) by 2.8% in the 3rd quarter, Holdings Channel.com reports. The fund owned 8,340 shares of the construction company’s stock after selling 244 shares during the quarter. First Trust Direct Indexing L.P.’s holdings in PulteGroup were worth $1,197,000 as of its most recent SEC filing.

Several other hedge funds also recently bought and sold shares of the company. Greenhaven Associates Inc. lifted its stake in PulteGroup by 0.3% in the third quarter. Greenhaven Associates Inc. now owns 5,593,179 shares of the construction company’s stock valued at $802,789,000 after acquiring an additional 16,871 shares during the last quarter. Pacer Advisors Inc. lifted its stake in shares of PulteGroup by 8.6% in 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 last quarter. Hsbc Holdings PLC boosted its holdings in PulteGroup by 19.6% in the second quarter. Hsbc Holdings PLC now owns 1,529,698 shares of the construction company’s stock worth $168,254,000 after purchasing an additional 250,937 shares in the last quarter. Captrust Financial Advisors increased its position in PulteGroup by 18.4% during the first 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 last quarter. 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 buying an additional 53,924 shares in the last quarter. 89.90% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at PulteGroup

In other news, CFO Robert Oshaughnessy sold 71,007 shares of the business’s stock in a transaction that occurred on Friday, August 23rd. The stock was 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 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 position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, Director Thomas J. Folliard sold 19,000 shares of PulteGroup stock in a transaction dated 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 transaction, the director now directly owns 45,230 shares of the company’s stock, valued at $5,931,462.20. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, 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 transaction, the chief financial officer now owns 89,323 shares in the company, valued at approximately $12,043,420.09. This trade represents 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.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on PHM shares. UBS Group raised their price objective on PulteGroup from $148.00 to $154.00 and gave the company a “neutral” rating in a research note on Wednesday, October 23rd. Wedbush reiterated a “neutral” rating and issued a $115.00 target price on shares of PulteGroup in a research note on Tuesday, October 22nd. Wells Fargo & Company upped their price target on shares of PulteGroup from $150.00 to $165.00 and gave the company an “overweight” rating in a report on Monday, October 7th. Evercore ISI lowered their price target on PulteGroup from $198.00 to $195.00 and set an “outperform” rating on the stock in a research report on Wednesday, October 23rd. Finally, Barclays boosted their price objective on PulteGroup from $131.00 to $150.00 and gave the stock an “overweight” rating in a research report on Wednesday, July 24th. Six equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. According to data from MarketBeat, PulteGroup currently has a consensus rating of “Moderate Buy” and a consensus price target of $145.00.

PulteGroup Trading Down 0.6 %

Shares of PHM stock opened at $129.53 on Friday. The company has a debt-to-equity ratio of 0.14, a quick ratio of 0.73 and a current ratio of 0.73. The firm has a fifty day moving average of $137.45 and a 200-day moving average of $123.69. The stock has a market cap of $26.56 billion, a price-to-earnings ratio of 10.37, a P/E/G ratio of 0.54 and a beta of 1.62. PulteGroup, Inc. has a 52-week low of $72.45 and a 52-week high of $149.47.

PulteGroup (NYSE:PHM) last released its quarterly earnings data 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. PulteGroup had a return on equity of 25.30% and a net margin of 16.64%. The firm had revenue of $4.48 billion during the quarter, compared to analyst estimates of $4.27 billion. During the same period in the prior year, the company posted $2.90 earnings per share. The business’s revenue for the quarter was up 11.8% compared to the same quarter last year. On average, equities research analysts forecast that PulteGroup, Inc. will post 12.98 earnings per share for the current fiscal year.

PulteGroup Announces Dividend

The company also recently disclosed 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 is 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.