Inspire Advisors LLC Has $986,000 Position in PulteGroup, Inc. (NYSE:PHM)

Inspire Advisors LLC increased its stake in PulteGroup, Inc. (NYSE:PHM - Free Report) by 36.0% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 9,051 shares of the construction company's stock after purchasing an additional 2,396 shares during the quarter. Inspire Advisors LLC's holdings in PulteGroup were worth $986,000 at the end of the most recent quarter.

Other hedge funds have also bought and sold shares of the company. Transcendent Capital Group LLC purchased a new stake in PulteGroup in the 3rd quarter worth $29,000. Hager Investment Management Services LLC purchased a new stake in PulteGroup during the fourth quarter valued at approximately $29,000. Fortitude Family Office LLC lifted its stake in shares of 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 last quarter. R Squared Ltd purchased a new position in shares of PulteGroup in the 4th quarter worth approximately $39,000. Finally, Thurston Springer Miller Herd & Titak Inc. lifted its holdings in shares of PulteGroup by 41.9% in the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 444 shares of the construction company's stock worth $48,000 after acquiring an additional 131 shares during the last quarter. Institutional investors own 89.90% of the company's stock.

PulteGroup Price Performance

NYSE:PHM traded down $1.75 during mid-day trading on Thursday, reaching $101.78. 655,343 shares of the stock were exchanged, compared to its average volume of 1,862,600. The company has a current ratio of 0.86, a quick ratio of 0.86 and a debt-to-equity ratio of 0.13. The business has a fifty day moving average price of $109.29 and a 200 day moving average price of $123.56. PulteGroup, Inc. has a 1-year low of $100.54 and a 1-year high of $149.47. The firm has a market capitalization of $20.61 billion, a PE ratio of 6.92, a PEG ratio of 0.29 and a beta of 1.71.

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

PulteGroup Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 2nd. Stockholders 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 dividend on an annualized basis and a dividend yield of 0.86%. PulteGroup's dividend payout ratio (DPR) is presently 5.98%.

PulteGroup announced that its Board of Directors has approved a share buyback program on Thursday, January 30th that permits the company to repurchase $1.50 billion in shares. This repurchase authorization permits the construction company to repurchase up to 6.2% of its stock through open market purchases. Stock repurchase programs are usually an indication that the company's leadership believes its shares are undervalued.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on PHM shares. Wedbush reiterated an "outperform" rating and set a $135.00 price objective on shares of PulteGroup in a research note on Friday, January 31st. JPMorgan Chase & Co. dropped 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. Barclays lowered their price target on shares of PulteGroup from $125.00 to $117.00 and set an "equal weight" rating on the stock in a report on Friday, January 31st. UBS Group increased their target price on shares of PulteGroup from $148.00 to $151.00 and gave the company a "buy" rating in a research report on Friday, January 31st. Finally, Oppenheimer cut their target price 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. Seven investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company's stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $140.86.

Insider Transactions at PulteGroup

In other news, Director Brian P. Anderson sold 2,500 shares of PulteGroup stock in a transaction dated Monday, February 10th. The stock was sold at an average price of $106.45, for a total transaction of $266,125.00. Following the completion of the sale, the director now directly owns 56,617 shares in the company, valued at $6,026,879.65. The trade was a 4.23 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Todd N. Sheldon sold 15,191 shares of PulteGroup 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 directly owns 74,758 shares of the company's stock, valued at $7,961,727. This represents a 16.89 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 21,191 shares of company stock valued at $2,256,367 in the last three months. 0.83% of the stock is currently owned by corporate insiders.

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.