PulteGroup, Inc. (NYSE:PHM) Stock Holdings Decreased by Distillate Capital Partners LLC

Distillate Capital Partners LLC decreased its position in PulteGroup, Inc. (NYSE:PHM - Free Report) by 35.2% during the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 168,135 shares of the construction company's stock after selling 91,207 shares during the period. Distillate Capital Partners LLC owned about 0.08% of PulteGroup worth $18,310,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. Richardson Financial Services Inc. grew its stake in PulteGroup by 16.7% in the 4th quarter. Richardson Financial Services Inc. now owns 622 shares of the construction company's stock valued at $68,000 after acquiring an additional 89 shares during the last quarter. Premier Path Wealth Partners LLC grew its position in shares of PulteGroup by 3.8% in the fourth quarter. Premier Path Wealth Partners LLC now owns 2,572 shares of the construction company's stock valued at $280,000 after purchasing an additional 95 shares during the last quarter. Meridian Wealth Management LLC increased its stake in shares of PulteGroup by 0.7% during the 4th quarter. Meridian Wealth Management LLC now owns 13,224 shares of the construction company's stock worth $1,440,000 after purchasing an additional 95 shares in the last quarter. Fidelis Capital Partners LLC increased its stake in shares of PulteGroup by 2.4% during the 4th quarter. Fidelis Capital Partners LLC now owns 4,384 shares of the construction company's stock worth $479,000 after purchasing an additional 103 shares in the last quarter. Finally, Wedmont Private Capital raised its position in shares of PulteGroup by 3.7% during the 4th quarter. Wedmont Private Capital now owns 3,050 shares of the construction company's stock worth $328,000 after purchasing an additional 110 shares during the last quarter. Hedge funds and other institutional investors own 89.90% of the company's stock.

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Analyst Upgrades and Downgrades

PHM has been the subject of a number of analyst reports. Wedbush reissued an "outperform" rating and issued a $135.00 price target on shares of PulteGroup in a report on Friday, January 31st. The Goldman Sachs Group cut their target price on shares of PulteGroup from $140.00 to $124.00 and set a "neutral" rating for the company in a research note on Tuesday, January 14th. Oppenheimer decreased their price target 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. Citigroup cut their price objective on shares of PulteGroup from $146.00 to $119.00 and set a "neutral" rating for the company in a research report on Monday, January 6th. Finally, Wells Fargo & Company reduced their price objective on shares of PulteGroup from $140.00 to $120.00 and set an "overweight" rating on the stock in a research note on Monday. Seven analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $138.21.

Insider Activity

In other PulteGroup news, EVP Todd N. Sheldon sold 15,191 shares of the company's stock in a transaction that occurred on Thursday, February 13th. The stock was sold at an average price of $106.50, for a total value of $1,617,841.50. Following the completion of the transaction, the executive vice president now owns 74,758 shares in the company, valued at $7,961,727. This represents a 16.89 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 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 sale, the vice president now owns 11,372 shares in the company, valued at $1,209,980.80. This represents a 23.53 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 21,191 shares of company stock worth $2,256,367. 0.76% of the stock is currently owned by corporate insiders.

PulteGroup Trading Down 0.7 %

PHM stock traded down $0.63 during midday trading on Tuesday, reaching $94.81. 1,725,836 shares of the company's stock traded hands, compared to its average volume of 1,989,546. PulteGroup, Inc. has a fifty-two week low of $88.07 and a fifty-two week high of $149.47. The business has a 50-day moving average price of $102.77 and a two-hundred day moving average price of $117.25. The company has a market capitalization of $19.20 billion, a P/E ratio of 6.45, a PEG ratio of 0.29 and a beta of 1.44. The company has a debt-to-equity ratio of 0.13, a current ratio of 0.86 and a quick 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 earnings per share 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%. Equities research analysts forecast that PulteGroup, Inc. will post 12.32 EPS for the current fiscal year.

PulteGroup Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, April 2nd. Stockholders of record on Tuesday, March 18th were given a $0.22 dividend. This represents a $0.88 annualized dividend and a dividend yield of 0.93%. The ex-dividend date of this dividend was Tuesday, March 18th. PulteGroup's payout ratio is 5.98%.

PulteGroup declared that its board has authorized a share repurchase plan on Thursday, January 30th that permits the company to repurchase $1.50 billion in shares. This repurchase authorization permits the construction company to purchase up to 6.2% of its shares through open market purchases. Shares repurchase plans are often an indication that the company's board of directors 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.