Callan Family Office LLC Invests $263,000 in PulteGroup, Inc. (NYSE:PHM)

Callan Family Office LLC purchased a new stake in PulteGroup, Inc. (NYSE:PHM - Free Report) in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 2,412 shares of the construction company's stock, valued at approximately $263,000.

Several other institutional investors and hedge funds have also bought and sold shares of PHM. Transcendent Capital Group LLC bought a new position in PulteGroup in the third quarter valued at approximately $29,000. Hager Investment Management Services LLC acquired a new position in shares of PulteGroup during the 4th quarter worth $29,000. Fortitude Family Office LLC lifted its position in shares of PulteGroup by 74.1% during the 4th quarter. Fortitude Family Office LLC now owns 322 shares of the construction company's stock worth $35,000 after buying an additional 137 shares during the last quarter. R Squared Ltd acquired a new stake in PulteGroup in the fourth quarter valued at about $39,000. Finally, Thurston Springer Miller Herd & Titak Inc. boosted its stake in PulteGroup by 41.9% in the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 444 shares of the construction company's stock valued at $48,000 after buying an additional 131 shares in the last quarter. Institutional investors own 89.90% of the company's stock.

Wall Street Analyst Weigh In

PHM has been the subject of a number of research reports. Seaport Res Ptn raised shares of PulteGroup from a "strong sell" rating to a "hold" rating in a report on Thursday, March 6th. The Goldman Sachs Group cut their target price 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. Bank of America lowered their price target on shares of PulteGroup from $135.00 to $134.00 and set a "buy" rating for the company in a report on Monday, January 27th. Oppenheimer cut their price objective on PulteGroup from $165.00 to $150.00 and set an "outperform" rating on the stock in a report on Friday, January 31st. Finally, 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. Seven research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company's stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $140.86.

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Insider Buying and Selling

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

PulteGroup Trading Down 1.2 %

PulteGroup stock traded down $1.20 during trading hours on Thursday, reaching $102.33. 293,614 shares of the company's stock were exchanged, compared to its average volume of 1,861,205. The firm has a market capitalization of $20.72 billion, a PE ratio of 6.95, a PEG ratio of 0.29 and a beta of 1.71. The company has a quick ratio of 0.86, a current ratio of 0.86 and a debt-to-equity ratio of 0.13. The firm's 50 day simple moving average is $109.29 and its 200 day simple moving average is $123.56. PulteGroup, Inc. has a twelve month low of $100.54 and a twelve month high of $149.47.

PulteGroup (NYSE:PHM - Get Free Report) last released 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 return on equity of 24.43% and a net margin of 17.18%. Research analysts predict that PulteGroup, Inc. will post 12.32 earnings per share for the current year.

PulteGroup Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, April 2nd. Investors of record on Tuesday, March 18th will be given a dividend of $0.22 per share. The ex-dividend date is Tuesday, March 18th. This represents a $0.88 dividend on an annualized basis and a dividend yield of 0.86%. PulteGroup's payout ratio is presently 5.98%.

PulteGroup declared that its board has authorized a share repurchase plan on Thursday, January 30th that allows the company to repurchase $1.50 billion in outstanding shares. This repurchase authorization allows 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 management believes its shares are undervalued.

PulteGroup Company 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.