Jackson Hill Advisors LLC Raises Stake in PulteGroup, Inc. (NYSE:PHM)

Jackson Hill Advisors LLC raised its holdings in PulteGroup, Inc. (NYSE:PHM - Free Report) by 59.2% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 160,000 shares of the construction company's stock after purchasing an additional 59,500 shares during the period. PulteGroup accounts for about 8.8% of Jackson Hill Advisors LLC's holdings, making the stock its 5th biggest position. Jackson Hill Advisors LLC owned 0.08% of PulteGroup worth $17,424,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently modified their holdings of the business. Hager Investment Management Services LLC bought a new position in PulteGroup in the 4th quarter worth about $29,000. Fortitude Family Office LLC boosted its holdings in PulteGroup by 74.1% in the 4th quarter. Fortitude Family Office LLC now owns 322 shares of the construction company's stock valued at $35,000 after purchasing an additional 137 shares during the period. R Squared Ltd bought a new position in shares of PulteGroup in the fourth quarter worth $39,000. Thurston Springer Miller Herd & Titak Inc. raised its position in shares of PulteGroup by 41.9% in the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 444 shares of the construction company's stock worth $48,000 after buying an additional 131 shares in the last quarter. Finally, Oakworth Capital Inc. boosted its stake in PulteGroup by 642.2% during the fourth quarter. Oakworth Capital Inc. now owns 475 shares of the construction company's stock valued at $52,000 after buying an additional 411 shares during the period. Institutional investors own 89.90% of the company's stock.

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Insider Activity at PulteGroup

In other news, Director Brian P. Anderson sold 2,500 shares of PulteGroup stock in a transaction that occurred on Monday, February 10th. The shares were sold at an average price of $106.45, for a total transaction of $266,125.00. Following the completion of the transaction, the director now directly owns 56,617 shares in the company, valued at approximately $6,026,879.65. This trade represents a 4.23 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, 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 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 disclosure for this sale can be found here. Insiders have sold 21,191 shares of company stock worth $2,256,367 over the last ninety days. 0.83% of the stock is owned by corporate insiders.

PulteGroup Trading Down 0.1 %

NYSE:PHM traded down $0.10 during trading hours on Thursday, hitting $105.12. The company had a trading volume of 1,143,369 shares, compared to its average volume of 1,879,443. 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, Inc. has a 52 week low of $100.35 and a 52 week high of $149.47. The company has a market capitalization of $21.28 billion, a PE ratio of 7.15, a price-to-earnings-growth ratio of 0.29 and a beta of 1.71. The stock has a 50-day moving average price of $107.89 and a 200 day moving average price of $121.60.

PulteGroup (NYSE:PHM - Get Free Report) last announced 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, equities research analysts predict that PulteGroup, Inc. will post 12.32 EPS for the current fiscal year.

PulteGroup announced that its board has approved a share repurchase program on Thursday, January 30th that authorizes the company to repurchase $1.50 billion in outstanding shares. This repurchase authorization authorizes the construction company to repurchase up to 6.2% of its shares through open market purchases. Shares repurchase programs are usually an indication that the company's management believes its stock is undervalued.

PulteGroup Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, April 2nd. Stockholders 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 dividend yield of 0.84%. The ex-dividend date is Tuesday, March 18th. PulteGroup's payout ratio is presently 5.98%.

Analyst Ratings Changes

Several equities analysts have recently commented on PHM shares. JPMorgan Chase & Co. reduced their price objective on PulteGroup from $162.00 to $155.00 and set an "overweight" rating on the stock in a research report on Friday, December 13th. The Goldman Sachs Group lowered their price objective 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. Oppenheimer reduced their target price 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. Wedbush reissued an "outperform" rating and issued a $135.00 price target on shares of PulteGroup in a research note on Friday, January 31st. Finally, Bank of America reduced their price objective on PulteGroup from $135.00 to $134.00 and set a "buy" rating on the stock in a research note on Monday, January 27th. Seven investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. According to data from MarketBeat, PulteGroup has an average rating of "Moderate Buy" and an average price target 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.