Three Seasons Wealth LLC Makes New $415,000 Investment in PulteGroup, Inc. (NYSE:PHM)

Three Seasons Wealth LLC acquired a new position in shares of PulteGroup, Inc. (NYSE:PHM - Free Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 3,804 shares of the construction company's stock, valued at approximately $415,000.

Other institutional investors also recently modified their holdings of the company. Norges Bank acquired a new stake in PulteGroup in the 4th quarter valued at $427,562,000. Amundi boosted its stake in PulteGroup by 77.9% in the 4th quarter. Amundi now owns 1,636,562 shares of the construction company's stock valued at $180,775,000 after buying an additional 716,716 shares in the last quarter. Franklin Resources Inc. boosted its stake in PulteGroup by 6.1% in the 4th quarter. Franklin Resources Inc. now owns 11,937,866 shares of the construction company's stock valued at $1,300,034,000 after buying an additional 683,592 shares in the last quarter. Bridgewater Associates LP boosted its stake in PulteGroup by 118.8% in the 4th quarter. Bridgewater Associates LP now owns 783,581 shares of the construction company's stock valued at $85,332,000 after buying an additional 425,492 shares in the last quarter. Finally, Lord Abbett & CO. LLC raised its position in PulteGroup by 3,118.4% in the 3rd quarter. Lord Abbett & CO. LLC now owns 376,717 shares of the construction company's stock valued at $54,070,000 after purchasing an additional 365,012 shares during the last quarter. Institutional investors and hedge funds own 89.90% of the company's stock.

PulteGroup Trading Up 0.6 %

Shares of NYSE PHM traded up $0.63 during mid-day trading on Monday, hitting $102.51. The company's stock had a trading volume of 1,885,050 shares, compared to its average volume of 1,997,503. The stock has a market cap of $20.75 billion, a price-to-earnings ratio of 6.97, a price-to-earnings-growth ratio of 0.29 and a beta of 1.44. The company has a debt-to-equity ratio of 0.13, a current ratio of 0.86 and a quick ratio of 0.86. PulteGroup, Inc. has a one year low of $88.07 and a one year high of $149.47. The company's fifty day simple moving average is $101.37 and its 200-day simple moving average is $114.65.

PulteGroup (NYSE:PHM - Get Free Report) last issued its earnings results on Tuesday, April 22nd. The construction company reported $2.57 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.47 by $0.10. PulteGroup had a net margin of 17.18% and a return on equity of 24.43%. The company had revenue of $3.89 billion for the quarter, compared to analyst estimates of $3.86 billion. During the same quarter last year, the firm earned $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 Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, April 2nd. Investors of record on Tuesday, March 18th were paid a dividend of $0.22 per share. This represents a $0.88 annualized dividend and a yield of 0.86%. The ex-dividend date was Tuesday, March 18th. PulteGroup's payout ratio is 6.21%.

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

Analyst Ratings Changes

Several equities analysts have issued reports on the company. The Goldman Sachs Group cut their price objective on PulteGroup from $140.00 to $124.00 and set a "neutral" rating for the company in a research report on Tuesday, January 14th. Bank of America cut their price objective on PulteGroup from $135.00 to $134.00 and set a "buy" rating for the company in a research report on Monday, January 27th. Wedbush reiterated an "outperform" rating and issued a $135.00 price objective on shares of PulteGroup in a research report on Tuesday, April 22nd. Royal Bank of Canada cut their price objective on PulteGroup from $116.00 to $109.00 and set a "sector perform" rating for the company in a research report on Wednesday, April 23rd. Finally, Evercore ISI lifted their price objective on PulteGroup from $161.00 to $165.00 and gave the company an "outperform" rating in a research report on Wednesday, April 23rd. Seven analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company's stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $134.69.

Insider Buying and Selling

In related news, VP Brien P. O'meara sold 3,500 shares of PulteGroup 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 of the company's stock, valued at $1,209,980.80. This trade represents a 23.53 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Brian P. Anderson sold 2,500 shares of PulteGroup stock in a transaction that occurred on Monday, February 10th. The stock was sold at an average price of $106.45, for a total transaction of $266,125.00. Following the transaction, 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 disclosure for this sale can be found here. Insiders have sold 21,191 shares of company stock valued at $2,256,367 in the last 90 days. 0.76% of the stock is owned by insiders.

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.