Bogart Wealth LLC Buys 17,882 Shares of PulteGroup, Inc. (NYSE:PHM)

Bogart Wealth LLC lifted its position in PulteGroup, Inc. (NYSE:PHM - Free Report) by 39.0% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 63,695 shares of the construction company's stock after buying an additional 17,882 shares during the period. Bogart Wealth LLC's holdings in PulteGroup were worth $6,936,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in the company. Cromwell Holdings LLC increased its holdings in PulteGroup by 17.2% during the 3rd quarter. Cromwell Holdings LLC now owns 565 shares of the construction company's stock worth $81,000 after purchasing an additional 83 shares in the last quarter. Concord Wealth Partners increased its holdings in PulteGroup by 1.7% during the 3rd quarter. Concord Wealth Partners now owns 5,002 shares of the construction company's stock worth $718,000 after purchasing an additional 83 shares in the last quarter. Ashton Thomas Private Wealth LLC increased its holdings in PulteGroup by 3.0% during the 3rd quarter. Ashton Thomas Private Wealth LLC now owns 3,054 shares of the construction company's stock worth $438,000 after purchasing an additional 88 shares in the last quarter. Richardson Financial Services Inc. increased its holdings in PulteGroup by 16.7% during the 4th quarter. Richardson Financial Services Inc. now owns 622 shares of the construction company's stock worth $68,000 after purchasing an additional 89 shares in the last quarter. Finally, Premier Path Wealth Partners LLC increased its holdings in PulteGroup by 3.8% during the 4th quarter. Premier Path Wealth Partners LLC now owns 2,572 shares of the construction company's stock worth $280,000 after purchasing an additional 95 shares in the last quarter. Institutional investors own 89.90% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on the company. JPMorgan Chase & Co. lowered their target price on PulteGroup from $162.00 to $155.00 and set an "overweight" rating for the company in a report on Friday, December 13th. Seaport Res Ptn cut PulteGroup from a "hold" rating to a "strong sell" rating in a report on Monday, January 27th. UBS Group increased their price objective on shares of PulteGroup from $148.00 to $151.00 and gave the stock a "buy" rating in a research note on Friday, January 31st. Bank of America reduced their price objective on shares of PulteGroup from $135.00 to $134.00 and set a "buy" rating for the company in a research note on Monday, January 27th. Finally, Wells Fargo & Company reduced their price objective on shares of PulteGroup from $165.00 to $140.00 and set an "overweight" rating for the company in a research note on Tuesday, December 17th. One analyst has rated the stock with a sell rating, six have given a hold rating and eleven have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $140.86.

PulteGroup Stock Performance

Shares of PHM traded down $1.80 during mid-day trading on Tuesday, hitting $105.63. 1,641,934 shares of the company's stock were exchanged, compared to its average volume of 2,249,516. PulteGroup, Inc. has a 52 week low of $100.24 and a 52 week high of $149.47. The stock's 50-day simple moving average is $112.21 and its 200-day simple moving average is $125.93. The firm has a market cap of $21.66 billion, a price-to-earnings ratio of 7.18, a price-to-earnings-growth ratio of 0.29 and a beta of 1.68. The company has a quick ratio of 0.73, a current ratio of 0.86 and a debt-to-equity ratio of 0.13.

PulteGroup (NYSE:PHM - Get Free Report) last announced its earnings results on Thursday, January 30th. The construction company reported $3.50 EPS for the quarter, topping the consensus estimate of $3.28 by $0.22. PulteGroup had a net margin of 17.18% and a return on equity of 24.43%. On average, equities research analysts expect that PulteGroup, Inc. will post 12.43 EPS for the current year.

PulteGroup Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, April 2nd. Stockholders 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 annualized dividend and a dividend yield of 0.83%. PulteGroup's dividend payout ratio is presently 5.98%.

PulteGroup declared that its Board of Directors has initiated a share repurchase plan on Thursday, January 30th that permits the company to repurchase $1.50 billion in outstanding shares. This repurchase authorization permits the construction company to repurchase up to 6.2% of its shares through open market purchases. Shares repurchase plans are typically a sign that the company's board of directors believes its stock is undervalued.

Insider Transactions at PulteGroup

In related news, Director Brian P. Anderson sold 2,500 shares of PulteGroup stock in a transaction that occurred on Monday, February 10th. The shares were sold at an average price of $106.45, for a total value of $266,125.00. Following the transaction, the director now directly owns 56,617 shares of the company's stock, valued at $6,026,879.65. This trade represents a 4.23 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, VP Brien P. O'meara sold 3,500 shares of PulteGroup stock in a transaction that occurred on Thursday, February 13th. The shares were sold at an average price of $106.40, for a total transaction of $372,400.00. Following the completion of the transaction, the vice president now directly owns 11,372 shares in the company, valued at $1,209,980.80. This trade represents a 23.53 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 21,191 shares of company stock valued at $2,256,367. 0.83% of the stock is currently owned by company insiders.

PulteGroup Profile

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.