Inceptionr LLC Acquires Shares of 5,464 PulteGroup, Inc. (NYSE:PHM)

Inceptionr 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 SEC. The firm purchased 5,464 shares of the construction company's stock, valued at approximately $595,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Van ECK Associates Corp boosted its holdings in shares of PulteGroup by 10.1% in the 3rd quarter. Van ECK Associates Corp now owns 50,815 shares of the construction company's stock worth $6,767,000 after purchasing an additional 4,654 shares during the period. Concurrent Investment Advisors LLC boosted its stake in PulteGroup by 7.3% during the third quarter. Concurrent Investment Advisors LLC now owns 3,621 shares of the construction company's stock worth $520,000 after buying an additional 245 shares during the period. Summit Global Investments bought a new position in PulteGroup during the third quarter valued at $251,000. AIA Group Ltd purchased a new stake in shares of PulteGroup in the third quarter valued at $402,000. Finally, Hollencrest Capital Management lifted its holdings in shares of PulteGroup by 1,490.0% in the 3rd quarter. Hollencrest Capital Management now owns 954 shares of the construction company's stock worth $137,000 after acquiring an additional 894 shares during the last quarter. Hedge funds and other institutional investors own 89.90% of the company's stock.

PulteGroup Stock Down 1.4 %

Shares of PulteGroup stock traded down $1.51 on Tuesday, reaching $105.89. The stock had a trading volume of 2,157,556 shares, compared to its average volume of 1,861,333. 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 stock has a market capitalization of $21.44 billion, a P/E ratio of 7.20, a P/E/G ratio of 0.29 and a beta of 1.71. The company has a 50 day moving average price of $109.46 and a 200 day moving average price of $123.91. PulteGroup, Inc. has a 1 year low of $100.54 and a 1 year high of $149.47.

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

PulteGroup Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, April 2nd. Shareholders of record on Tuesday, March 18th will be paid a $0.22 dividend. This represents a $0.88 dividend on an annualized basis and a yield of 0.83%. The ex-dividend date of this dividend is Tuesday, March 18th. PulteGroup's dividend payout ratio (DPR) is presently 5.98%.

PulteGroup announced that its board has authorized a stock buyback plan 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 stock through open market purchases. Stock buyback plans are generally an indication that the company's board believes its shares are undervalued.

Analysts Set New Price Targets

A number of analysts recently weighed in on PHM shares. Barclays reduced their price objective on shares of PulteGroup from $125.00 to $117.00 and set an "equal weight" rating on the stock in a research report on Friday, January 31st. StockNews.com downgraded PulteGroup from a "buy" rating to a "hold" rating in a report on Wednesday, December 11th. UBS Group boosted their price objective on PulteGroup from $148.00 to $151.00 and gave the company a "buy" rating in a report on Friday, January 31st. Oppenheimer reduced their target price on PulteGroup from $165.00 to $150.00 and set an "outperform" rating on the stock in a research note on Friday, January 31st. Finally, JPMorgan Chase & Co. lowered their target price on shares of PulteGroup from $162.00 to $155.00 and set an "overweight" rating for the company in a research note on Friday, December 13th. Seven investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. According to MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $140.86.

Insiders Place Their Bets

In related news, Director Brian P. Anderson sold 2,500 shares of the 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 completion of 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 position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Todd N. Sheldon sold 15,191 shares of the business'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 transaction of $1,617,841.50. Following the sale, the executive vice president now directly owns 74,758 shares in the company, valued at approximately $7,961,727. This represents a 16.89 % 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 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.