PulteGroup, Inc. (NYSE:PHM) Shares Purchased by Menard Financial Group LLC

Menard Financial Group LLC increased its holdings in shares of PulteGroup, Inc. (NYSE:PHM) by 23.9% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 4,280 shares of the construction company’s stock after purchasing an additional 826 shares during the period. Menard Financial Group LLC’s holdings in PulteGroup were worth $471,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of PHM. Benjamin Edwards Inc. acquired a new stake in PulteGroup during the 1st quarter worth $26,000. WR Wealth Planners LLC lifted its stake in shares of PulteGroup by 54.7% in the 2nd quarter. WR Wealth Planners LLC now owns 232 shares of the construction company’s stock worth $26,000 after acquiring an additional 82 shares during the period. LRI Investments LLC acquired a new stake in shares of PulteGroup in the 1st quarter worth $28,000. Rothschild Investment LLC acquired a new stake in shares of PulteGroup in the 2nd quarter worth $31,000. Finally, Candriam S.C.A. acquired a new stake in shares of PulteGroup in the 2nd quarter worth $33,000. Institutional investors and hedge funds own 89.90% of the company’s stock.

PulteGroup Stock Performance

Shares of NYSE PHM opened at $139.54 on Monday. The company has a market cap of $29.35 billion, a PE ratio of 11.17, a price-to-earnings-growth ratio of 0.54 and a beta of 1.62. PulteGroup, Inc. has a 12 month low of $68.80 and a 12 month high of $140.77. 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 company has a 50-day simple moving average of $125.73 and a 200-day simple moving average of $117.51.

PulteGroup (NYSE:PHM) last released its earnings results on Tuesday, July 23rd. The construction company reported $3.83 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.27 by $0.56. PulteGroup had a net margin of 16.75% and a return on equity of 25.67%. The business had revenue of $4.60 billion for the quarter, compared to analysts’ expectations of $4.49 billion. During the same period last year, the company earned $3.00 earnings per share. The company’s quarterly revenue was up 9.8% on a year-over-year basis. On average, equities analysts anticipate that PulteGroup, Inc. will post 12.9 earnings per share for the current year.

PulteGroup Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, October 2nd. Investors of record on Tuesday, September 17th will be given a $0.20 dividend. The ex-dividend date of this dividend is Tuesday, September 17th. This represents a $0.80 annualized dividend and a dividend yield of 0.57%. PulteGroup’s dividend payout ratio is presently 6.41%.

Analyst Upgrades and Downgrades

Several analysts have recently commented on the stock. Evercore ISI raised their target price on shares of PulteGroup from $183.00 to $189.00 and gave the stock an “outperform” rating in a research note on Monday, July 15th. Barclays raised their target price on shares of PulteGroup from $131.00 to $150.00 and gave the stock an “overweight” rating in a research note on Wednesday, July 24th. Oppenheimer increased their price target on shares of PulteGroup from $143.00 to $151.00 and gave the company an “outperform” rating in a report on Wednesday, July 24th. Raymond James increased their price target on shares of PulteGroup from $135.00 to $145.00 and gave the company an “outperform” rating in a report on Thursday, July 25th. Finally, BTIG Research increased their price target on shares of PulteGroup from $133.00 to $139.00 and gave the company a “buy” rating in a report on Wednesday, July 24th. Six investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. Based on data from MarketBeat.com, PulteGroup currently has a consensus 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 28,993 shares of the business’s stock in a transaction on Thursday, August 1st. The shares were sold at an average price of $129.29, for a total transaction of $3,748,504.97. Following the transaction, the chief financial officer now directly owns 160,330 shares of the company’s stock, valued at $20,729,065.70. The transaction was disclosed in a filing with the SEC, which is available at 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 shares were sold at an average price of $131.14, for a total transaction of $2,491,660.00. Following the transaction, the director now directly owns 45,230 shares of the company’s stock, valued at $5,931,462.20. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CFO Robert Oshaughnessy sold 28,993 shares of the business’s stock in a transaction on Thursday, August 1st. The stock was sold at an average price of $129.29, for a total transaction of $3,748,504.97. Following the transaction, the chief financial officer now directly owns 160,330 shares in the company, valued at $20,729,065.70. The disclosure for this sale can be found here. Insiders have sold a total of 119,000 shares of company stock valued at $15,814,039 over the last ninety days. Corporate insiders own 0.83% of the company’s stock.

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.