Hancock Whitney Corp Sells 4,185 Shares of PulteGroup, Inc. (NYSE:PHM)

Hancock Whitney Corp lessened its position in PulteGroup, Inc. (NYSE:PHM) by 6.8% in the 1st quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 57,780 shares of the construction company’s stock after selling 4,185 shares during the quarter. Hancock Whitney Corp’s holdings in PulteGroup were worth $1,615,000 as of its most recent filing with the SEC.

Other large investors have also recently modified their holdings of the company. Burt Wealth Advisors acquired a new stake in PulteGroup during the fourth quarter worth about $26,000. CSat Investment Advisory L.P. boosted its stake in shares of PulteGroup by 34.2% in the 4th quarter. CSat Investment Advisory L.P. now owns 1,469 shares of the construction company’s stock valued at $38,000 after purchasing an additional 374 shares in the last quarter. Rockefeller Capital Management L.P. acquired a new stake in shares of PulteGroup in the 1st quarter valued at approximately $43,000. Kwmg LLC acquired a new stake in shares of PulteGroup in the 1st quarter valued at approximately $45,000. Finally, Private Capital Group LLC boosted its stake in shares of PulteGroup by 103.8% in the 1st quarter. Private Capital Group LLC now owns 1,620 shares of the construction company’s stock valued at $45,000 after purchasing an additional 825 shares in the last quarter. Institutional investors and hedge funds own 84.76% of the company’s stock.

In related news, CFO Robert Oshaughnessy sold 42,108 shares of the firm’s stock in a transaction on Friday, April 26th. The stock was sold at an average price of $31.52, for a total value of $1,327,244.16. Following the completion of the sale, the chief financial officer now owns 334,213 shares of the company’s stock, valued at $10,534,393.76. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP James L. Ossowski sold 10,000 shares of the firm’s stock in a transaction on Thursday, April 25th. The stock was sold at an average price of $31.19, for a total value of $311,900.00. Following the completion of the sale, the senior vice president now directly owns 25,750 shares of the company’s stock, valued at approximately $803,142.50. The disclosure for this sale can be found here. In the last ninety days, insiders sold 157,846 shares of company stock valued at $4,959,732. 0.49% of the stock is owned by insiders.

Shares of PulteGroup stock opened at $32.50 on Friday. PulteGroup, Inc. has a 52-week low of $20.64 and a 52-week high of $33.09. The stock has a market capitalization of $8.91 billion, a P/E ratio of 9.05, a PEG ratio of 1.40 and a beta of 0.79. The company has a current ratio of 0.72, a quick ratio of 0.72 and a debt-to-equity ratio of 0.61.

PulteGroup (NYSE:PHM) last announced its quarterly earnings results on Tuesday, April 23rd. The construction company reported $0.59 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.47 by $0.12. The firm had revenue of $2 billion for the quarter, compared to analysts’ expectations of $1.93 billion. PulteGroup had a return on equity of 21.65% and a net margin of 9.97%. The company’s revenue was up 1.4% on a year-over-year basis. During the same period in the prior year, the business posted $0.59 earnings per share. As a group, sell-side analysts forecast that PulteGroup, Inc. will post 3.4 EPS for the current year.

The company also recently announced a quarterly dividend, which will be paid on Wednesday, July 3rd. Shareholders of record on Friday, June 14th will be paid a $0.11 dividend. This represents a $0.44 annualized dividend and a yield of 1.35%. The ex-dividend date of this dividend is Thursday, June 13th. PulteGroup’s dividend payout ratio is currently 12.26%.

A number of research firms have recently weighed in on PHM. Zacks Investment Research upgraded shares of PulteGroup from a “sell” rating to a “buy” rating and set a $35.00 price target on the stock in a research note on Thursday, April 25th. BTIG Research upgraded shares of PulteGroup from a “sell” rating to a “neutral” rating and set a $31.35 price target on the stock in a research note on Wednesday, April 24th. Buckingham Research raised their price target on shares of PulteGroup from $28.00 to $31.00 and gave the company a “neutral” rating in a research note on Tuesday, April 16th. JPMorgan Chase & Co. upgraded shares of PulteGroup from an “underweight” rating to a “neutral” rating and raised their price target for the company from $24.00 to $25.50 in a research note on Wednesday, April 10th. Finally, Barclays set a $28.00 price target on shares of PulteGroup and gave the company a “hold” rating in a research note on Thursday, March 28th. Two equities research analysts have rated the stock with a sell rating, twelve have given a hold rating and three have issued a buy rating to the company’s stock. PulteGroup has an average rating of “Hold” and an average price target of $28.53.

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About PulteGroup

PulteGroup, Inc, through its subsidiaries, primarily engages in the homebuilding business in the United States. The company acquires and develops land primarily for residential purposes; and constructs housing on such land. It offers various home designs, including single-family detached, townhouses, condominiums, and duplexes under the Centex, Pulte Homes, Del Webb, DiVosta Homes, and John Wieland Homes and Neighborhoods brand names.

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Institutional Ownership by Quarter for PulteGroup (NYSE:PHM)

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