Apollon Wealth Management LLC Has $471,000 Holdings in PulteGroup, Inc. (NYSE:PHM)

Apollon Wealth Management LLC lessened its holdings in shares of PulteGroup, Inc. (NYSE:PHM - Free Report) by 50.5% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 4,321 shares of the construction company's stock after selling 4,416 shares during the quarter. Apollon Wealth Management LLC's holdings in PulteGroup were worth $471,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Vest Financial LLC raised its position in PulteGroup by 111.5% during the fourth quarter. Vest Financial LLC now owns 22,159 shares of the construction company's stock valued at $2,413,000 after acquiring an additional 11,682 shares in the last quarter. NatWest Group plc raised its position in shares of PulteGroup by 0.8% in the fourth quarter. NatWest Group plc now owns 62,547 shares of the construction company's stock valued at $6,811,000 after purchasing an additional 525 shares during the period. Generate Investment Management Ltd raised its position in shares of PulteGroup by 13.2% in the fourth quarter. Generate Investment Management Ltd now owns 113,497 shares of the construction company's stock valued at $12,360,000 after purchasing an additional 13,203 shares during the period. Lecap Asset Management Ltd. bought a new position in shares of PulteGroup in the fourth quarter valued at approximately $2,257,000. Finally, Golden State Wealth Management LLC bought a new position in shares of PulteGroup in the fourth quarter valued at approximately $85,000. Institutional investors own 89.90% of the company's stock.

Analyst Ratings Changes

A number of equities analysts have recently commented on PHM shares. Barclays dropped their price target on shares of PulteGroup from $125.00 to $117.00 and set an "equal weight" rating on the stock in a research report on Friday, January 31st. BTIG Research lifted their price target on shares of PulteGroup from $139.00 to $156.00 and gave the company a "buy" rating in a research report on Wednesday, October 23rd. The Goldman Sachs Group dropped their price target on shares of PulteGroup from $140.00 to $124.00 and set a "neutral" rating on the stock in a research report on Tuesday, January 14th. Citigroup dropped their price target on shares of PulteGroup from $146.00 to $119.00 and set a "neutral" rating on the stock in a research report on Monday, January 6th. Finally, Oppenheimer lowered their price objective on shares of PulteGroup from $165.00 to $150.00 and set an "outperform" rating on the stock in a research note on Friday, January 31st. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and eleven have issued a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $140.86.

PulteGroup Stock Performance

PHM traded up $0.75 during trading on Monday, reaching $107.45. 1,519,276 shares of the company's stock were exchanged, compared to its average volume of 2,329,279. PulteGroup, Inc. has a fifty-two week low of $100.24 and a fifty-two week high of $149.47. The company has a quick ratio of 0.73, a current ratio of 0.86 and a debt-to-equity ratio of 0.13. The business has a 50 day moving average price of $112.63 and a 200 day moving average price of $126.08. The company has a market capitalization of $22.04 billion, a P/E ratio of 7.30, a PEG ratio of 0.29 and a beta of 1.68.

PulteGroup (NYSE:PHM - Get Free Report) last posted its quarterly earnings results on Thursday, January 30th. The construction company reported $3.50 earnings per share for the quarter, topping analysts' consensus estimates of $3.28 by $0.22. PulteGroup had a net margin of 17.18% and a return on equity of 24.43%. As a group, analysts predict that PulteGroup, Inc. will post 12.43 earnings per share for the current fiscal year.

PulteGroup Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 2nd. Shareholders of record on Tuesday, March 18th will be issued a dividend of $0.22 per share. The ex-dividend date of this dividend is Tuesday, March 18th. This represents a $0.88 dividend on an annualized basis and a dividend yield of 0.82%. PulteGroup's payout ratio is presently 5.98%.

PulteGroup declared that its Board of Directors has initiated a stock buyback program on Thursday, January 30th that authorizes the company to buyback $1.50 billion in outstanding shares. This buyback authorization authorizes the construction company to reacquire up to 6.2% of its stock through open market purchases. Stock buyback programs are generally an indication that the company's leadership believes its shares are undervalued.

Insider Buying and Selling at PulteGroup

In other PulteGroup news, EVP Todd N. Sheldon sold 15,191 shares of PulteGroup stock in a transaction on Thursday, February 13th. The stock was sold at an average price of $106.50, for a total transaction of $1,617,841.50. Following the completion of the transaction, the executive vice president now directly owns 74,758 shares of the company's stock, valued at approximately $7,961,727. This trade represents a 16.89 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Brian P. Anderson sold 2,500 shares of PulteGroup stock in a transaction dated Monday, February 10th. The shares were sold at an average price of $106.45, for a total value of $266,125.00. Following the completion of the transaction, the director now directly owns 56,617 shares of the company's stock, valued at $6,026,879.65. This represents a 4.23 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 21,191 shares of company stock valued at $2,256,367. 0.83% of the stock is currently owned by company insiders.

About PulteGroup

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.