Compound Global Advisors LLC Makes New Investment in PulteGroup, Inc. (NYSE:PHM)

Compound Global Advisors LLC acquired a new stake in shares of PulteGroup, Inc. (NYSE:PHM - Free Report) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 3,200 shares of the construction company's stock, valued at approximately $348,000.

A number of other hedge funds have also recently made changes to their positions in the business. Grove Bank & Trust grew its holdings in shares of PulteGroup by 18.4% during the third quarter. Grove Bank & Trust now owns 463 shares of the construction company's stock valued at $66,000 after buying an additional 72 shares during the last quarter. Cromwell Holdings LLC boosted its holdings in PulteGroup by 17.2% during the third quarter. Cromwell Holdings LLC now owns 565 shares of the construction company's stock worth $81,000 after purchasing an additional 83 shares during the last quarter. Concord Wealth Partners boosted its holdings in PulteGroup by 1.7% during the third quarter. Concord Wealth Partners now owns 5,002 shares of the construction company's stock worth $718,000 after purchasing an additional 83 shares during the last quarter. Ashton Thomas Private Wealth LLC boosted its holdings in PulteGroup by 3.0% during the third 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 during the last quarter. Finally, Richardson Financial Services Inc. boosted its holdings in PulteGroup by 16.7% during the fourth quarter. Richardson Financial Services Inc. now owns 622 shares of the construction company's stock worth $68,000 after purchasing an additional 89 shares during the last quarter. 89.90% of the stock is currently owned by institutional investors and hedge funds.

PulteGroup Stock Performance

Shares of NYSE PHM traded up $0.75 during midday trading on Friday, hitting $107.45. The company's stock had a trading volume of 1,519,276 shares, compared to its average volume of 2,269,826. The stock has a fifty day moving average price of $113.02 and a 200 day moving average price of $126.35. PulteGroup, Inc. has a one year low of $100.24 and a one year high of $149.47. The company has a current ratio of 0.86, a quick ratio of 0.73 and a debt-to-equity ratio of 0.13. The firm has a market capitalization of $22.04 billion, a price-to-earnings ratio of 7.30, a P/E/G 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 (EPS) for the quarter, beating 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, research analysts forecast that PulteGroup, Inc. will post 12.43 EPS for the current fiscal year.

PulteGroup announced that its board has authorized a share buyback program on Thursday, January 30th that permits the company to buyback $1.50 billion in outstanding shares. This buyback authorization permits the construction company to reacquire up to 6.2% of its shares through open market purchases. Shares buyback programs are often a sign that the company's management believes its stock is undervalued.

PulteGroup Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, April 2nd. Stockholders of record on Tuesday, March 18th will be given a $0.22 dividend. This represents a $0.88 annualized dividend and a dividend yield of 0.82%. The ex-dividend date is Tuesday, March 18th. PulteGroup's dividend payout ratio (DPR) is currently 5.98%.

Insider Buying and Selling

In related news, EVP Todd N. Sheldon sold 15,191 shares of the company's stock in a transaction that occurred on Thursday, February 13th. The shares were sold at an average price of $106.50, for a total transaction of $1,617,841.50. Following the sale, the executive vice president now owns 74,758 shares of the company's stock, valued at approximately $7,961,727. This represents a 16.89 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, VP Brien P. O'meara sold 3,500 shares of the company's stock in a transaction that occurred on Thursday, February 13th. The stock was sold at an average price of $106.40, for a total transaction of $372,400.00. Following the sale, 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 position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 21,191 shares of company stock valued at $2,256,367. Company insiders own 0.83% of the company's stock.

Wall Street Analyst Weigh In

Several research firms recently weighed in on PHM. Oppenheimer cut their price target on shares of PulteGroup from $165.00 to $150.00 and set an "outperform" rating on the stock in a report on Friday, January 31st. UBS Group boosted their price target on shares of PulteGroup from $148.00 to $151.00 and gave the stock a "buy" rating in a report on Friday, January 31st. JPMorgan Chase & Co. cut their price target on shares of PulteGroup from $162.00 to $155.00 and set an "overweight" rating on the stock in a report on Friday, December 13th. Barclays cut their price target on shares of PulteGroup from $125.00 to $117.00 and set an "equal weight" rating on the stock in a report on Friday, January 31st. Finally, BTIG Research boosted their price target on shares of PulteGroup from $139.00 to $156.00 and gave the stock a "buy" rating in a report on Wednesday, October 23rd. One analyst has rated the stock with a sell rating, six have issued a hold rating and eleven have assigned a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $140.86.

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.