Proficio Capital Partners LLC Invests $73,000 in PulteGroup, Inc. (NYSE:PHM)

Proficio Capital Partners LLC purchased a new stake in shares of PulteGroup, Inc. (NYSE:PHM - Free Report) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 73,181 shares of the construction company's stock, valued at approximately $73,000.

A number of other large investors also recently bought and sold shares of the stock. Algert Global LLC raised its stake in shares of PulteGroup by 19.6% during the 3rd quarter. Algert Global LLC now owns 3,633 shares of the construction company's stock worth $521,000 after buying an additional 596 shares during the period. Dai ichi Life Insurance Company Ltd acquired a new position in PulteGroup during the third quarter worth $593,000. Townsquare Capital LLC lifted its holdings in PulteGroup by 56.9% during the third quarter. Townsquare Capital LLC now owns 7,078 shares of the construction company's stock valued at $1,016,000 after purchasing an additional 2,567 shares in the last quarter. CreativeOne Wealth LLC grew its position in shares of PulteGroup by 31.5% in the third quarter. CreativeOne Wealth LLC now owns 5,784 shares of the construction company's stock valued at $830,000 after purchasing an additional 1,384 shares during the period. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its stake in shares of PulteGroup by 7.8% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,864,040 shares of the construction company's stock worth $267,546,000 after purchasing an additional 135,391 shares in the last quarter. 89.90% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on PHM shares. UBS Group raised their price target on shares of PulteGroup from $148.00 to $151.00 and gave the company a "buy" rating in a research note on Friday, January 31st. Wedbush reaffirmed an "outperform" rating and issued a $135.00 price target on shares of PulteGroup in a research note on Friday, January 31st. The Goldman Sachs Group cut 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. Bank of America lowered their target price on PulteGroup from $135.00 to $134.00 and set a "buy" rating on the stock in a report on Monday, January 27th. Finally, Wells Fargo & Company cut their target price on PulteGroup from $165.00 to $140.00 and set an "overweight" rating for the company in a research note on Tuesday, December 17th. Seven analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company's stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $140.86.

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PulteGroup Stock Up 0.1 %

Shares of PulteGroup stock traded up $0.06 during trading on Tuesday, hitting $102.86. 552,139 shares of the stock traded hands, compared to its average volume of 1,944,108. The company has a fifty day moving average price of $107.30 and a two-hundred day moving average price of $121.01. 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 twelve month low of $99.58 and a twelve month high of $149.47. The stock has a market cap of $20.82 billion, a P/E ratio of 7.00, a PEG ratio of 0.29 and a beta of 1.71.

PulteGroup (NYSE:PHM - Get Free Report) last posted its quarterly earnings results on Thursday, January 30th. The construction company reported $3.50 earnings per share for the quarter, topping analysts' consensus estimates 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 predict that PulteGroup, Inc. will post 12.32 EPS for the current fiscal year.

PulteGroup Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, April 2nd. Investors of record on Tuesday, March 18th will be given a dividend of $0.22 per share. The ex-dividend date is Tuesday, March 18th. This represents a $0.88 annualized dividend and a yield of 0.86%. PulteGroup's dividend payout ratio (DPR) is presently 5.98%.

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

Insider Activity at PulteGroup

In other news, EVP Todd N. Sheldon sold 15,191 shares of the stock in a transaction dated Thursday, February 13th. The shares were sold at an average price of $106.50, for a total transaction of $1,617,841.50. Following the transaction, the executive vice president now owns 74,758 shares of the company's stock, valued at $7,961,727. This represents a 16.89 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Brian P. Anderson sold 2,500 shares of the firm's 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 owns 56,617 shares in the company, valued at $6,026,879.65. This represents a 4.23 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 21,191 shares of company stock worth $2,256,367. Insiders own 0.76% of the company's stock.

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.