Counterpoint Mutual Funds LLC Takes Position in PulteGroup, Inc. (NYSE:PHM)

Counterpoint Mutual Funds LLC acquired a new stake in shares of PulteGroup, Inc. (NYSE:PHM - Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 3,272 shares of the construction company's stock, valued at approximately $356,000.

A number of other institutional investors have also recently bought and sold shares of the company. Logan Capital Management Inc. grew its position in shares of PulteGroup by 67.7% in the 3rd quarter. Logan Capital Management Inc. now owns 14,797 shares of the construction company's stock valued at $2,124,000 after purchasing an additional 5,976 shares during the period. Sanctuary Advisors LLC boosted its holdings in shares of PulteGroup by 38.1% in the third quarter. Sanctuary Advisors LLC now owns 121,299 shares of the construction company's stock valued at $17,410,000 after buying an additional 33,472 shares during the period. Trustmark National Bank Trust Department increased its position in shares of PulteGroup by 39.8% during the third quarter. Trustmark National Bank Trust Department now owns 39,589 shares of the construction company's stock worth $5,682,000 after acquiring an additional 11,269 shares in the last quarter. Systematic Financial Management LP raised its holdings in shares of PulteGroup by 3.9% during the third quarter. Systematic Financial Management LP now owns 130,257 shares of the construction company's stock worth $18,696,000 after acquiring an additional 4,840 shares during the period. Finally, Nilsine Partners LLC lifted its position in PulteGroup by 929.2% in the 4th quarter. Nilsine Partners LLC now owns 20,574 shares of the construction company's stock valued at $2,240,000 after acquiring an additional 18,575 shares in the last quarter. Institutional investors and hedge funds own 89.90% of the company's stock.

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Wall Street Analyst Weigh In

PHM has been the topic of a number of research reports. Wells Fargo & Company cut their price target on PulteGroup from $165.00 to $140.00 and set an "overweight" rating on the stock in a report on Tuesday, December 17th. Bank of America reduced their price target on PulteGroup from $135.00 to $134.00 and set a "buy" rating for the company in a research report on Monday, January 27th. Seaport Res Ptn upgraded shares of PulteGroup from a "strong sell" rating to a "hold" rating in a report on Thursday, March 6th. The Goldman Sachs Group reduced their target price on shares of PulteGroup from $140.00 to $124.00 and set a "neutral" rating for the company in a report on Tuesday, January 14th. Finally, Oppenheimer decreased their target price on shares of PulteGroup from $165.00 to $150.00 and set an "outperform" rating for the company in a research report on Friday, January 31st. Seven investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. According to MarketBeat, PulteGroup has a consensus rating of "Moderate Buy" and a consensus target price of $140.86.

Insider Transactions at PulteGroup

In other PulteGroup news, EVP Todd N. Sheldon sold 15,191 shares of PulteGroup stock in a transaction dated Thursday, February 13th. The shares were sold at an average price of $106.50, for a total value of $1,617,841.50. Following the completion of the sale, the executive vice president now owns 74,758 shares in the company, valued at $7,961,727. The trade was a 16.89 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Brien P. O'meara sold 3,500 shares of the 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 transaction, the vice president now owns 11,372 shares in the company, valued at approximately $1,209,980.80. The trade was a 23.53 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 21,191 shares of company stock valued at $2,256,367. 0.83% of the stock is currently owned by corporate insiders.

PulteGroup Stock Performance

Shares of PHM stock traded down $2.30 during midday trading on Friday, hitting $103.04. 8,818,398 shares of the company were exchanged, compared to its average volume of 1,881,536. PulteGroup, Inc. has a 52 week low of $99.55 and a 52 week high of $149.47. The firm has a market capitalization of $20.86 billion, a P/E ratio of 7.00, a PEG ratio of 0.29 and a beta of 1.71. The firm's 50 day moving average price is $108.63 and its two-hundred day moving average price is $122.45. The company has a debt-to-equity ratio of 0.13, a quick ratio of 0.86 and a current ratio of 0.86.

PulteGroup (NYSE:PHM - Get Free Report) last posted its earnings results on Thursday, January 30th. The construction company reported $3.50 EPS for the quarter, beating 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%. As a group, equities research analysts anticipate that PulteGroup, Inc. will post 12.32 earnings per share for the current year.

PulteGroup Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 2nd. Shareholders of record on Tuesday, March 18th will be given a dividend of $0.22 per share. This represents a $0.88 annualized dividend and a yield of 0.85%. The ex-dividend date of this dividend is Tuesday, March 18th. PulteGroup's payout ratio is 5.98%.

PulteGroup announced that its board has authorized a share repurchase plan on Thursday, January 30th that authorizes the company to buyback $1.50 billion in shares. This buyback authorization authorizes the construction company to repurchase up to 6.2% of its stock through open market purchases. Stock buyback plans are often an indication that the company's board believes its stock is undervalued.

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.