PulteGroup, Inc. $PHM Shares Bought by Knuff & Co LLC

Knuff & Co LLC lifted its stake in shares of PulteGroup, Inc. (NYSE:PHM) by 109.6% during the third quarter, HoldingsChannel reports. The firm owned 11,457 shares of the construction company’s stock after acquiring an additional 5,992 shares during the quarter. Knuff & Co LLC’s holdings in PulteGroup were worth $1,514,000 as of its most recent SEC filing.

A number of other hedge funds have also recently modified their holdings of the business. Focus Partners Wealth boosted its holdings in shares of PulteGroup by 20.5% during the first quarter. Focus Partners Wealth now owns 12,517 shares of the construction company’s stock worth $1,287,000 after purchasing an additional 2,128 shares during the last quarter. Savant Capital LLC raised its stake in shares of PulteGroup by 15.0% during the 2nd quarter. Savant Capital LLC now owns 12,492 shares of the construction company’s stock worth $1,317,000 after buying an additional 1,630 shares during the period. Midwest Trust Co purchased a new position in PulteGroup during the second quarter worth approximately $375,000. ProShare Advisors LLC boosted its position in PulteGroup by 5.6% during the second quarter. ProShare Advisors LLC now owns 46,722 shares of the construction company’s stock worth $4,927,000 after purchasing an additional 2,498 shares during the period. Finally, Allworth Financial LP raised its stake in PulteGroup by 258.3% during the second quarter. Allworth Financial LP now owns 8,804 shares of the construction company’s stock worth $928,000 after acquiring an additional 6,347 shares in the last quarter. Institutional investors own 89.90% of the company’s stock.

Insider Buying and Selling

In other news, EVP Kevin A. Henry sold 5,173 shares of the business’s stock in a transaction on Tuesday, February 24th. The stock was sold at an average price of $141.03, for a total transaction of $729,548.19. Following the completion of the sale, the executive vice president owned 14,673 shares in the company, valued at $2,069,333.19. The trade was a 26.07% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, VP Brien P. O’meara sold 4,000 shares of PulteGroup stock in a transaction on Friday, February 6th. The stock was sold at an average price of $135.51, for a total value of $542,040.00. Following the completion of the sale, the vice president directly owned 8,601 shares of the company’s stock, valued at approximately $1,165,521.51. The trade was a 31.74% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders have sold 149,952 shares of company stock valued at $20,162,165. Company insiders own 0.76% of the company’s stock.

PulteGroup Trading Down 2.5%

PulteGroup stock opened at $120.32 on Friday. The stock has a 50-day moving average price of $131.06 and a 200 day moving average price of $127.59. 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 company has a market capitalization of $23.14 billion, a price-to-earnings ratio of 10.82, a price-to-earnings-growth ratio of 1.43 and a beta of 1.32. PulteGroup, Inc. has a 52 week low of $88.07 and a 52 week high of $144.49.

PulteGroup Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, April 2nd. Shareholders of record on Tuesday, March 17th will be paid a $0.26 dividend. This represents a $1.04 annualized dividend and a yield of 0.9%. The ex-dividend date is Tuesday, March 17th. PulteGroup’s dividend payout ratio is currently 9.35%.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on the company. Wells Fargo & Company raised their target price on PulteGroup from $132.00 to $150.00 and gave the company an “overweight” rating in a report on Wednesday, January 14th. Citizens Jmp assumed coverage on shares of PulteGroup in a report on Wednesday, January 7th. They set a “market outperform” rating and a $145.00 target price for the company. Raymond James Financial reaffirmed an “outperform” rating and set a $145.00 price target on shares of PulteGroup in a research report on Wednesday, February 4th. Truist Financial initiated coverage on PulteGroup in a research note on Wednesday, March 4th. They issued a “buy” rating and a $170.00 price target for the company. Finally, Evercore raised their price target on shares of PulteGroup from $134.00 to $143.00 in a research report on Friday, January 30th. One research analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating, six have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $142.71.

PulteGroup Company 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.