4,430 Shares in PulteGroup, Inc. (NYSE:PHM) Acquired by Naviter Wealth LLC

Naviter Wealth LLC purchased a new stake in PulteGroup, Inc. (NYSE:PHM - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 4,430 shares of the construction company's stock, valued at approximately $483,000.

Other hedge funds have also recently bought and sold shares of the company. Transcendent Capital Group LLC purchased a new stake in PulteGroup during the 3rd quarter worth $29,000. Hager Investment Management Services LLC acquired a new position in shares of PulteGroup during the fourth quarter worth about $29,000. Fortitude Family Office LLC boosted its position in shares of PulteGroup by 74.1% in the fourth quarter. Fortitude Family Office LLC now owns 322 shares of the construction company's stock worth $35,000 after buying an additional 137 shares during the period. R Squared Ltd acquired a new stake in shares of PulteGroup in the fourth quarter valued at about $39,000. Finally, Thurston Springer Miller Herd & Titak Inc. grew its stake 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 valued at $48,000 after buying an additional 131 shares in the last quarter. Hedge funds and other institutional investors own 89.90% of the company's stock.

Analysts Set New Price Targets

PHM has been the subject of a number of analyst reports. Barclays decreased their price target on PulteGroup from $125.00 to $117.00 and set an "equal weight" rating for the company in a report on Friday, January 31st. Citigroup decreased their target price on shares of PulteGroup from $146.00 to $119.00 and set a "neutral" rating for the company in a research note on Monday, January 6th. StockNews.com lowered shares of PulteGroup from a "buy" rating to a "hold" rating in a report on Wednesday, December 11th. UBS Group boosted their price objective on shares of PulteGroup from $148.00 to $151.00 and gave the stock a "buy" rating in a report on Friday, January 31st. Finally, The Goldman Sachs Group lowered their target price on PulteGroup from $140.00 to $124.00 and set a "neutral" rating for the company in a research note on Tuesday, January 14th. Seven equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $140.86.

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PulteGroup Stock Performance

Shares of NYSE PHM traded down $2.33 during midday trading on Wednesday, hitting $103.51. The company's stock had a trading volume of 2,672,525 shares, compared to its average volume of 1,865,917. 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, Inc. has a 1-year low of $100.54 and a 1-year high of $149.47. The firm's fifty day moving average price is $109.40 and its 200-day moving average price is $123.70. The firm has a market cap of $20.96 billion, a P/E ratio of 7.04, a P/E/G ratio of 0.29 and a beta of 1.71.

PulteGroup (NYSE:PHM - Get Free Report) last issued its earnings results on Thursday, January 30th. The construction company reported $3.50 EPS for the quarter, beating analysts' consensus estimates of $3.28 by $0.22. PulteGroup had a return on equity of 24.43% and a net margin of 17.18%. On average, sell-side analysts forecast that PulteGroup, Inc. will post 12.32 EPS for the current fiscal year.

PulteGroup Announces Dividend

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

PulteGroup declared that its Board of Directors has initiated a share buyback plan on Thursday, January 30th that authorizes the company to repurchase $1.50 billion in shares. This repurchase authorization authorizes the construction company to reacquire up to 6.2% of its stock through open market purchases. Stock repurchase plans are often a sign that the company's leadership believes its stock is undervalued.

Insiders Place Their Bets

In other news, 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 completion of the transaction, the executive vice president now directly owns 74,758 shares in the company, valued at approximately $7,961,727. The trade was a 16.89 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible 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 value of $372,400.00. Following the completion of the transaction, the vice president now directly owns 11,372 shares of the company's stock, valued at $1,209,980.80. This trade represents a 23.53 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 21,191 shares of company stock worth $2,256,367. Insiders own 0.83% of the company's stock.

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.