United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund Sells 1,800 Shares of PulteGroup, Inc. $PHM

United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund reduced its stake in PulteGroup, Inc. (NYSE:PHM) by 26.9% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 4,900 shares of the construction company’s stock after selling 1,800 shares during the period. United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund’s holdings in PulteGroup were worth $517,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of PHM. Fidelis Capital Partners LLC boosted its stake in PulteGroup by 1.0% in the 2nd quarter. Fidelis Capital Partners LLC now owns 8,760 shares of the construction company’s stock worth $924,000 after purchasing an additional 85 shares in the last quarter. Cooper Financial Group grew its holdings in shares of PulteGroup by 1.4% during the second quarter. Cooper Financial Group now owns 6,697 shares of the construction company’s stock valued at $706,000 after buying an additional 92 shares during the last quarter. Tocqueville Asset Management L.P. increased its position in shares of PulteGroup by 2.0% during the first quarter. Tocqueville Asset Management L.P. now owns 5,062 shares of the construction company’s stock valued at $520,000 after acquiring an additional 100 shares in the last quarter. Leavell Investment Management Inc. raised its holdings in PulteGroup by 4.7% in the 2nd quarter. Leavell Investment Management Inc. now owns 2,260 shares of the construction company’s stock worth $239,000 after acquiring an additional 102 shares during the last quarter. Finally, Envestnet Portfolio Solutions Inc. lifted its position in PulteGroup by 0.9% in the 2nd quarter. Envestnet Portfolio Solutions Inc. now owns 11,635 shares of the construction company’s stock valued at $1,227,000 after acquiring an additional 103 shares in the last quarter. Hedge funds and other institutional investors own 89.90% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on PHM shares. Citigroup boosted their price target on PulteGroup from $132.00 to $143.00 and gave the stock a “neutral” rating in a research note on Wednesday, October 1st. Wedbush reissued an “outperform” rating and issued a $150.00 target price on shares of PulteGroup in a research report on Tuesday, October 21st. Bank of America reduced their price target on shares of PulteGroup from $145.00 to $140.00 and set a “buy” rating for the company in a research note on Friday, October 10th. Zacks Research upgraded PulteGroup from a “strong sell” rating to a “hold” rating in a research report on Friday, August 29th. Finally, Wells Fargo & Company boosted their price target on PulteGroup from $135.00 to $150.00 and gave the company an “overweight” rating in a research note on Tuesday, September 2nd. One analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and seven have issued a Hold rating to the company. Based on data from MarketBeat.com, PulteGroup currently has an average rating of “Moderate Buy” and an average price target of $133.67.

PulteGroup Trading Up 1.5%

Shares of NYSE:PHM opened at $127.59 on Thursday. The stock has a 50 day moving average of $123.79 and a 200 day moving average of $117.91. The company has a market cap of $24.87 billion, a PE ratio of 9.82, a price-to-earnings-growth ratio of 0.95 and a beta of 1.25. PulteGroup, Inc. has a 12-month low of $88.07 and a 12-month high of $142.11. The company has a current ratio of 0.81, a quick ratio of 0.81 and a debt-to-equity ratio of 0.13.

PulteGroup (NYSE:PHM) last announced its quarterly earnings data on Tuesday, October 21st. The construction company reported $2.96 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.86 by $0.10. PulteGroup had a net margin of 14.93% and a return on equity of 19.58%. The firm had revenue of $4.40 billion during the quarter, compared to analysts’ expectations of $4.31 billion. During the same period in the prior year, the company posted $3.35 earnings per share. The company’s revenue for the quarter was down 1.6% compared to the same quarter last year. As a group, equities research analysts expect that PulteGroup, Inc. will post 12.32 EPS for the current year.

PulteGroup Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 6th. Stockholders of record on Tuesday, December 16th will be given a $0.26 dividend. The ex-dividend date is Tuesday, December 16th. This is a positive change from PulteGroup’s previous quarterly dividend of $0.22. This represents a $1.04 annualized dividend and a dividend yield of 0.8%. PulteGroup’s dividend payout ratio (DPR) is presently 8.01%.

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.