PulteGroup, Inc. $PHM Shares Sold by KLP Kapitalforvaltning AS

KLP Kapitalforvaltning AS reduced its stake in PulteGroup, Inc. (NYSE:PHM - Free Report) by 1.5% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 150,064 shares of the construction company's stock after selling 2,300 shares during the period. KLP Kapitalforvaltning AS owned 0.07% of PulteGroup worth $15,854,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. WPG Advisers LLC bought a new stake in shares of PulteGroup during the first quarter valued at approximately $25,000. Catalyst Capital Advisors LLC bought a new stake in shares of PulteGroup during the first quarter valued at approximately $54,000. Quarry LP raised its holdings in shares of PulteGroup by 43.8% during the first quarter. Quarry LP now owns 571 shares of the construction company's stock valued at $59,000 after buying an additional 174 shares during the last quarter. Grove Bank & Trust raised its holdings in PulteGroup by 46.2% during the first quarter. Grove Bank & Trust now owns 760 shares of the construction company's stock worth $78,000 after purchasing an additional 240 shares in the last quarter. Finally, Reyes Financial Architecture Inc. raised its holdings in PulteGroup by 42.1% during the first quarter. Reyes Financial Architecture Inc. now owns 770 shares of the construction company's stock worth $79,000 after purchasing an additional 228 shares in the last quarter. 89.90% of the stock is currently owned by institutional investors and hedge funds.

PulteGroup Trading Down 1.6%

NYSE PHM opened at $127.51 on Thursday. PulteGroup, Inc. has a twelve month low of $88.07 and a twelve month high of $149.47. The company has a debt-to-equity ratio of 0.13, a quick ratio of 0.77 and a current ratio of 0.77. The stock has a market cap of $25.16 billion, a price-to-earnings ratio of 9.53, a PEG ratio of 0.38 and a beta of 1.29. The firm's 50 day moving average price is $130.29 and its two-hundred day moving average price is $112.72.

PulteGroup (NYSE:PHM - Get Free Report) last posted its quarterly earnings data on Tuesday, July 22nd. The construction company reported $3.03 earnings per share for the quarter, topping the consensus estimate of $2.92 by $0.11. PulteGroup had a net margin of 15.50% and a return on equity of 21.01%. The firm had revenue of $4.40 billion for the quarter, compared to analysts' expectations of $4.42 billion. During the same period in the previous year, the company posted $3.83 EPS. The company's quarterly revenue was down 4.3% compared to the same quarter last year. Equities analysts anticipate that PulteGroup, Inc. will post 12.32 EPS for the current year.

PulteGroup Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, October 2nd. Shareholders of record on Tuesday, September 16th were given a dividend of $0.22 per share. This represents a $0.88 annualized dividend and a yield of 0.7%. The ex-dividend date was Tuesday, September 16th. PulteGroup's payout ratio is presently 6.58%.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on PHM shares. Royal Bank Of Canada boosted their target price on PulteGroup from $109.00 to $112.00 and gave the stock a "sector perform" rating in a report on Wednesday, July 23rd. Weiss Ratings reissued a "hold (c+)" rating on shares of PulteGroup in a report on Wednesday. Wedbush reissued an "outperform" rating and set a $150.00 target price on shares of PulteGroup in a report on Wednesday, August 13th. Raymond James Financial reissued an "outperform" rating and set a $140.00 target price (up previously from $115.00) on shares of PulteGroup in a report on Wednesday, July 23rd. Finally, Oppenheimer lifted their price target on shares of PulteGroup from $132.00 to $140.00 and gave the stock an "outperform" rating in a research report on Wednesday, July 23rd. One research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and seven have issued a Hold rating to the company. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $136.46.

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.

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