Jump Financial LLC Buys 11,388 Shares of PulteGroup, Inc. (NYSE:PHM)

Jump Financial LLC boosted its holdings in shares of PulteGroup, Inc. (NYSE:PHM - Free Report) by 210.5% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 16,799 shares of the construction company's stock after buying an additional 11,388 shares during the period. Jump Financial LLC's holdings in PulteGroup were worth $1,829,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in PHM. Hager Investment Management Services LLC bought a new position in shares of PulteGroup in the fourth quarter worth $29,000. Fortitude Family Office LLC lifted its position 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 acquiring an additional 137 shares in the last quarter. R Squared Ltd bought a new position in shares of PulteGroup during the fourth quarter valued at $39,000. Thurston Springer Miller Herd & Titak Inc. lifted its holdings in 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 acquiring an additional 131 shares during the period. Finally, Oakworth Capital Inc. lifted its holdings in PulteGroup by 642.2% in the fourth quarter. Oakworth Capital Inc. now owns 475 shares of the construction company's stock valued at $52,000 after acquiring an additional 411 shares during the period. 89.90% of the stock is owned by institutional investors.

Insider Buying and Selling 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 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. This represents a 16.89 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, VP Brien P. O'meara sold 3,500 shares of the business's stock in a transaction that occurred on Thursday, February 13th. The shares were sold at an average price of $106.40, for a total transaction of $372,400.00. Following the completion of the sale, the vice president now directly owns 11,372 shares in the company, valued at approximately $1,209,980.80. This trade represents a 23.53 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 21,191 shares of company stock worth $2,256,367. 0.76% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

A number of analysts have commented on PHM shares. Seaport Res Ptn upgraded PulteGroup from a "strong sell" rating to a "hold" rating in a research report on Thursday, March 6th. Royal Bank of Canada lowered their price objective on PulteGroup from $116.00 to $109.00 and set a "sector perform" rating for the company in a research note on Wednesday. Evercore ISI boosted their price objective on PulteGroup from $161.00 to $165.00 and gave the company an "outperform" rating in a report on Wednesday. Wells Fargo & Company dropped their target price on shares of PulteGroup from $140.00 to $120.00 and set an "overweight" rating on the stock in a report on Monday, April 14th. Finally, Oppenheimer decreased their price target on shares of PulteGroup from $165.00 to $150.00 and set an "outperform" rating for the company in a research report on Friday, January 31st. Seven equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $134.43.

PulteGroup Trading Up 1.1 %

NYSE:PHM traded up $1.14 during trading hours on Thursday, hitting $102.20. 454,111 shares of the stock were exchanged, compared to its average volume of 1,991,548. The company's 50 day moving average is $101.54 and its two-hundred day moving average is $115.50. 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 company has a market capitalization of $20.69 billion, a P/E ratio of 6.94, a price-to-earnings-growth ratio of 0.29 and a beta of 1.44. PulteGroup, Inc. has a twelve month low of $88.07 and a twelve month high of $149.47.

PulteGroup (NYSE:PHM - Get Free Report) last announced its quarterly earnings data on Tuesday, April 22nd. The construction company reported $2.57 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.47 by $0.10. PulteGroup had a return on equity of 24.43% and a net margin of 17.18%. The company had revenue of $3.89 billion for the quarter, compared to analysts' expectations of $3.86 billion. During the same quarter in the prior year, the business posted $3.10 EPS. On average, sell-side analysts anticipate that PulteGroup, Inc. will post 12.32 earnings per share for the current fiscal year.

PulteGroup announced that its Board of Directors has approved a stock buyback program on Thursday, January 30th that authorizes the company to repurchase $1.50 billion in shares. This repurchase authorization authorizes the construction company to repurchase up to 6.2% of its stock through open market purchases. Stock repurchase programs are typically a sign that the company's board of directors believes its stock is undervalued.

PulteGroup Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, April 2nd. Investors of record on Tuesday, March 18th were given a dividend of $0.22 per share. The ex-dividend date of this dividend was Tuesday, March 18th. This represents a $0.88 annualized dividend and a dividend yield of 0.86%. PulteGroup's dividend payout ratio is currently 5.98%.

About PulteGroup

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.