Winslow Asset Management Inc. Sells 9,999 Shares of PulteGroup, Inc. $PHM

Winslow Asset Management Inc. decreased its position in shares of PulteGroup, Inc. (NYSE:PHM) by 4.2% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 229,379 shares of the construction company’s stock after selling 9,999 shares during the period. PulteGroup makes up 5.7% of Winslow Asset Management Inc.’s holdings, making the stock its 3rd biggest position. Winslow Asset Management Inc. owned 0.12% of PulteGroup worth $30,308,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Private Wealth Management Group LLC increased its position in PulteGroup by 281.7% during the third quarter. Private Wealth Management Group LLC now owns 271 shares of the construction company’s stock worth $36,000 after acquiring an additional 200 shares during the period. Twin Peaks Wealth Advisors LLC acquired a new position in shares of PulteGroup during the 2nd quarter worth approximately $32,000. Rexford Capital Inc. bought a new position in shares of PulteGroup during the second quarter worth approximately $35,000. True Wealth Design LLC increased its holdings in shares of PulteGroup by 229.6% during the third quarter. True Wealth Design LLC now owns 356 shares of the construction company’s stock worth $47,000 after purchasing an additional 248 shares during the period. Finally, SJS Investment Consulting Inc. raised its position in shares of PulteGroup by 1,423.1% in the third quarter. SJS Investment Consulting Inc. now owns 396 shares of the construction company’s stock valued at $52,000 after buying an additional 370 shares in the last quarter. Institutional investors own 89.90% of the company’s stock.

PulteGroup Stock Performance

PulteGroup stock opened at $132.37 on Tuesday. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 0.13. The stock has a market cap of $25.46 billion, a PE ratio of 11.90, a P/E/G ratio of 1.55 and a beta of 1.33. PulteGroup, Inc. has a 12-month low of $88.07 and a 12-month high of $142.11. The business’s 50-day moving average price is $125.45 and its two-hundred day moving average price is $125.64.

PulteGroup Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, April 2nd. Investors of record on Tuesday, March 17th will be issued a dividend of $0.26 per share. The ex-dividend date of this dividend is Tuesday, March 17th. This represents a $1.04 annualized dividend and a dividend yield of 0.8%. PulteGroup’s payout ratio is 9.35%.

Analysts Set New Price Targets

PHM has been the topic of a number of recent research reports. Raymond James Financial restated an “outperform” rating and set a $145.00 price objective on shares of PulteGroup in a research note on Wednesday, February 4th. UBS Group decreased their price target on PulteGroup from $160.00 to $159.00 and set a “buy” rating on the stock in a research report on Tuesday, January 6th. Wedbush reaffirmed an “outperform” rating and issued a $150.00 price target on shares of PulteGroup in a research note on Tuesday, October 21st. Wells Fargo & Company upped their price objective on shares of PulteGroup from $132.00 to $150.00 and gave the stock an “overweight” rating in a research report on Wednesday, January 14th. Finally, Barclays set a $115.00 target price on shares of PulteGroup in a report on Monday, December 8th. Nine research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $140.15.

Insider Activity at PulteGroup

In related news, EVP Todd N. Sheldon sold 14,220 shares of the stock in a transaction that occurred on Friday, February 6th. The shares were sold at an average price of $135.01, for a total value of $1,919,842.20. Following the completion of the transaction, the executive vice president owned 69,753 shares of the company’s stock, valued at $9,417,352.53. This represents a 16.93% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, VP Brien P. O’meara sold 4,000 shares of the firm’s stock in a transaction that occurred on Friday, February 6th. The shares were sold at an average price of $135.51, for a total transaction of $542,040.00. Following the completion of the sale, the vice president owned 8,601 shares in the company, valued at $1,165,521.51. This represents a 31.74% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 144,779 shares of company stock valued at $19,432,616 in the last quarter. 0.76% of the stock is owned by company insiders.

PulteGroup Profile

PulteGroup, Inc (NYSE: PHM) is a U.S.-based residential homebuilder that designs, constructs and sells single-family homes and develops master-planned communities. The company operates multiple national and regional brands that target different buyer segments, including first-time buyers, move-up buyers and active-adult customers. Its operations encompass land acquisition and development, home design and construction, community amenities and ongoing customer service and warranty programs.

PulteGroup markets homes under several well-known brands, such as Pulte Homes, Centex and Del Webb, among others, offering a range of product types from entry-level detached homes to larger, higher-end residences and age-restricted active-adult communities.