Shelton Capital Management Buys 5,100 Shares of PulteGroup, Inc. (NYSE:PHM)

Shelton Capital Management raised its stake in shares of PulteGroup, Inc. (NYSE:PHM - Free Report) by 5.5% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 98,394 shares of the construction company's stock after purchasing an additional 5,100 shares during the quarter. Shelton Capital Management's holdings in PulteGroup were worth $10,715,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently made changes to their positions in the company. Twin Capital Management Inc. lifted its holdings in shares of PulteGroup by 0.3% in the 4th quarter. Twin Capital Management Inc. now owns 44,467 shares of the construction company's stock worth $4,842,000 after acquiring an additional 148 shares during the last quarter. Aster Capital Management DIFC Ltd purchased a new position in shares of PulteGroup in the fourth quarter worth about $80,000. Grantham Mayo Van Otterloo & Co. LLC boosted its holdings in PulteGroup by 68.5% during the 4th quarter. Grantham Mayo Van Otterloo & Co. LLC now owns 279,792 shares of the construction company's stock valued at $30,469,000 after acquiring an additional 113,772 shares during the period. Aviva PLC boosted its stake in shares of PulteGroup by 44.6% during the fourth quarter. Aviva PLC now owns 129,725 shares of the construction company's stock valued at $14,127,000 after purchasing an additional 40,002 shares during the period. Finally, Resona Asset Management Co. Ltd. bought a new position in shares of PulteGroup in the fourth quarter worth approximately $7,642,000. 89.90% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on PHM shares. Bank of America cut their price target on shares of PulteGroup from $135.00 to $134.00 and set a "buy" rating on the stock in a report on Monday, January 27th. Seaport Res Ptn raised PulteGroup from a "strong sell" rating to a "hold" rating in a research note on Thursday, March 6th. Oppenheimer lowered their price target on PulteGroup from $165.00 to $150.00 and set an "outperform" rating for the company in a research report on Friday, January 31st. The Goldman Sachs Group cut their price objective on PulteGroup from $140.00 to $124.00 and set a "neutral" rating on the stock in a research report on Tuesday, January 14th. Finally, UBS Group upped their target price on PulteGroup from $148.00 to $151.00 and gave the company a "buy" rating in a report on Friday, January 31st. Seven investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. According to data from MarketBeat, PulteGroup has a consensus rating of "Moderate Buy" and a consensus price target of $139.64.

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PulteGroup Stock Up 0.8 %

Shares of PHM stock traded up $0.70 during trading hours on Friday, hitting $94.38. 2,580,035 shares of the company's stock traded hands, compared to its average volume of 1,990,343. 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 stock has a market cap of $19.11 billion, a price-to-earnings ratio of 6.42, a PEG ratio of 0.29 and a beta of 1.44. The stock's fifty day simple moving average is $103.40 and its two-hundred day simple moving average is $117.74. PulteGroup, Inc. has a 12-month low of $88.07 and a 12-month high of $149.47.

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

PulteGroup Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, April 2nd. Stockholders of record on Tuesday, March 18th were issued a dividend of $0.22 per share. This represents a $0.88 dividend on an annualized basis and a dividend yield of 0.93%. The ex-dividend date of this dividend was Tuesday, March 18th. PulteGroup's payout ratio is 5.98%.

PulteGroup announced that its Board of Directors has authorized a share repurchase plan on Thursday, January 30th that authorizes the company to buyback $1.50 billion in shares. This buyback authorization authorizes the construction company to purchase up to 6.2% of its stock through open market purchases. Stock buyback plans are often an indication that the company's management believes its shares are undervalued.

Insider Activity at PulteGroup

In other PulteGroup news, VP Brien P. O'meara sold 3,500 shares of the business's stock in a transaction dated 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 owns 11,372 shares of the company's stock, valued at approximately $1,209,980.80. The trade was a 23.53 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Brian P. Anderson sold 2,500 shares of the company's stock in a transaction dated Monday, February 10th. The shares were sold at an average price of $106.45, for a total transaction of $266,125.00. Following 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. Insiders sold 21,191 shares of company stock valued at $2,256,367 over the last 90 days. Corporate insiders own 0.76% 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.