Sanctuary Advisors LLC Sells 14,537 Shares of PulteGroup, Inc. (NYSE:PHM)

Sanctuary Advisors LLC cut its stake in shares of PulteGroup, Inc. (NYSE:PHM - Free Report) by 12.0% during the 4th quarter, according to its most recent filing with the SEC. The institutional investor owned 106,762 shares of the construction company's stock after selling 14,537 shares during the period. Sanctuary Advisors LLC owned approximately 0.05% of PulteGroup worth $12,652,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of PHM. Creative Planning lifted its position in PulteGroup by 4.0% during the 3rd quarter. Creative Planning now owns 23,639 shares of the construction company's stock worth $3,393,000 after acquiring an additional 901 shares in the last quarter. Global Retirement Partners LLC lifted its position in PulteGroup by 17.4% during the 3rd quarter. Global Retirement Partners LLC now owns 2,732 shares of the construction company's stock worth $392,000 after acquiring an additional 405 shares in the last quarter. OLD National Bancorp IN lifted its position in PulteGroup by 5.0% during the 3rd quarter. OLD National Bancorp IN now owns 3,319 shares of the construction company's stock worth $476,000 after acquiring an additional 157 shares in the last quarter. Raleigh Capital Management Inc. lifted its position in PulteGroup by 5.2% during the 3rd quarter. Raleigh Capital Management Inc. now owns 4,411 shares of the construction company's stock worth $633,000 after acquiring an additional 219 shares in the last quarter. Finally, Roof Eidam Maycock Peralta LLC lifted its position in PulteGroup by 3.6% during the 3rd quarter. Roof Eidam Maycock Peralta LLC now owns 14,480 shares of the construction company's stock worth $2,078,000 after acquiring an additional 500 shares in the last quarter. 89.90% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In related news, VP Brien P. O'meara sold 3,500 shares of the firm'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 transaction, the vice president now owns 11,372 shares in the company, valued at $1,209,980.80. This trade represents a 23.53 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Todd N. Sheldon sold 15,191 shares of the firm's stock in a transaction that occurred on 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 in the company, valued at $7,961,727. This represents a 16.89 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 21,191 shares of company stock valued at $2,256,367. Insiders own 0.83% of the company's stock.

PulteGroup Stock Performance

NYSE PHM traded down $2.80 during trading hours on Friday, reaching $103.04. The company's stock had a trading volume of 1,818,711 shares, compared to its average volume of 2,221,906. 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 50-day simple moving average of $111.18 and a 200 day simple moving average of $125.49. PulteGroup, Inc. has a 52 week low of $101.13 and a 52 week high of $149.47. The stock has a market cap of $20.86 billion, a PE ratio of 7.00, a PEG ratio of 0.28 and a beta of 1.68.

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

PulteGroup declared that its board has approved a share buyback plan on Thursday, January 30th that authorizes the company to buyback $1.50 billion in outstanding shares. This buyback authorization authorizes the construction company to buy up to 6.2% of its stock through open market purchases. Stock buyback plans are typically a sign that the company's board of directors believes its shares are undervalued.

PulteGroup Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, April 2nd. Stockholders of record on Tuesday, March 18th will be issued 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 0.85%. PulteGroup's dividend payout ratio (DPR) is presently 5.98%.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on the company. Barclays dropped their price objective on PulteGroup from $125.00 to $117.00 and set an "equal weight" rating on the stock in a report on Friday, January 31st. Wedbush reaffirmed an "outperform" rating and issued a $135.00 price target on shares of PulteGroup in a report on Friday, January 31st. Bank of America decreased their price objective on shares of PulteGroup from $135.00 to $134.00 and set a "buy" rating for the company in a report on Monday, January 27th. Oppenheimer dropped their target price 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. Finally, UBS Group lifted their price target on PulteGroup from $148.00 to $151.00 and gave the stock a "buy" rating in a research note on Friday, January 31st. One investment analyst has rated the stock with a sell rating, six have given a hold rating and eleven have assigned a buy rating to the company's stock. According to MarketBeat, PulteGroup currently has an average rating of "Moderate Buy" and an average price target of $140.86.

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.