Junto Capital Management LP Sells 68,901 Shares of PulteGroup, Inc. $PHM

Junto Capital Management LP lessened its holdings in PulteGroup, Inc. (NYSE:PHM) by 12.0% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 503,167 shares of the construction company’s stock after selling 68,901 shares during the period. Junto Capital Management LP’s holdings in PulteGroup were worth $66,483,000 at the end of the most recent quarter.

Several other large investors have also added to or reduced their stakes in PHM. Railway Pension Investments Ltd lifted its holdings in shares of PulteGroup by 2.4% in the second quarter. Railway Pension Investments Ltd now owns 137,739 shares of the construction company’s stock valued at $14,526,000 after purchasing an additional 3,200 shares in the last quarter. Principal Financial Group Inc. grew its holdings in PulteGroup by 24.2% during the third quarter. Principal Financial Group Inc. now owns 312,935 shares of the construction company’s stock worth $41,348,000 after buying an additional 61,009 shares in the last quarter. Nisa Investment Advisors LLC raised its position in PulteGroup by 10.5% in the 3rd quarter. Nisa Investment Advisors LLC now owns 105,470 shares of the construction company’s stock valued at $13,959,000 after buying an additional 10,028 shares during the last quarter. Envestnet Asset Management Inc. raised its position in PulteGroup by 16.1% in the 3rd quarter. Envestnet Asset Management Inc. now owns 371,228 shares of the construction company’s stock valued at $49,050,000 after buying an additional 51,506 shares during the last quarter. Finally, Osaic Holdings Inc. lifted its stake in PulteGroup by 129.5% during the 2nd quarter. Osaic Holdings Inc. now owns 151,766 shares of the construction company’s stock valued at $15,778,000 after acquiring an additional 85,637 shares in the last quarter. Institutional investors own 89.90% of the company’s stock.

PulteGroup Stock Down 1.1%

PHM stock opened at $119.14 on Monday. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.01 and a current ratio of 1.01. The company has a market capitalization of $22.91 billion, a price-to-earnings ratio of 10.71, a PEG ratio of 1.38 and a beta of 1.32. PulteGroup, Inc. has a fifty-two week low of $88.07 and a fifty-two week high of $144.49. The stock has a fifty day moving average of $131.06 and a 200-day moving average of $127.45.

PulteGroup Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, April 2nd. Shareholders 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 yield of 0.9%. PulteGroup’s dividend payout ratio is 9.35%.

Insider Activity

In other news, insider Ryan Marshall sold 111,250 shares of the business’s stock in a transaction that occurred on Thursday, February 5th. The shares were sold at an average price of $133.86, for a total value of $14,891,925.00. Following the sale, the insider owned 659,392 shares of the company’s stock, valued at $88,266,213.12. The trade was a 14.44% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, COO Matthew William Koart sold 15,309 shares of the company’s stock in a transaction that occurred on Friday, February 6th. The shares were sold at an average price of $135.79, for a total transaction of $2,078,809.11. Following the sale, the chief operating officer owned 42,418 shares in the company, valued at $5,759,940.22. The trade was a 26.52% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last three months, insiders have sold 149,952 shares of company stock valued at $20,162,165. 0.76% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

PHM has been the topic of a number of analyst reports. Truist Financial started coverage on shares of PulteGroup in a report on Wednesday, March 4th. They set a “buy” rating and a $170.00 price objective on the stock. JPMorgan Chase & Co. lowered their target price on shares of PulteGroup from $149.00 to $131.00 and set an “overweight” rating for the company in a report on Tuesday, February 3rd. Evercore boosted their price target on shares of PulteGroup from $134.00 to $143.00 in a report on Friday, January 30th. Royal Bank Of Canada upped their price objective on shares of PulteGroup from $111.00 to $115.00 and gave the stock a “sector perform” rating in a research report on Friday, January 30th. Finally, UBS Group reiterated a “buy” rating on shares of PulteGroup in a research note on Thursday. One analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating, six have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, PulteGroup presently has a consensus rating of “Moderate Buy” and an average price target of $142.71.

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.