Townsquare Capital LLC lifted its stake in shares of PulteGroup, Inc. (NYSE:PHM - Free Report) by 91.0% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 13,516 shares of the construction company's stock after buying an additional 6,438 shares during the period. Townsquare Capital LLC's holdings in PulteGroup were worth $1,472,000 as of its most recent SEC filing.
A number of other large investors also recently modified their holdings of PHM. Richardson Financial Services Inc. raised its stake in shares of PulteGroup by 16.7% during the fourth quarter. Richardson Financial Services Inc. now owns 622 shares of the construction company's stock valued at $68,000 after acquiring an additional 89 shares during the last quarter. Premier Path Wealth Partners LLC increased its holdings in shares of PulteGroup by 3.8% during the fourth quarter. Premier Path Wealth Partners LLC now owns 2,572 shares of the construction company's stock valued at $280,000 after acquiring an additional 95 shares in the last quarter. Meridian Wealth Management LLC raised its holdings in shares of PulteGroup by 0.7% in the 4th quarter. Meridian Wealth Management LLC now owns 13,224 shares of the construction company's stock worth $1,440,000 after acquiring an additional 95 shares during the last quarter. Fidelis Capital Partners LLC lifted its stake in PulteGroup by 2.4% during the 4th quarter. Fidelis Capital Partners LLC now owns 4,384 shares of the construction company's stock valued at $479,000 after acquiring an additional 103 shares in the last quarter. Finally, Wedmont Private Capital boosted its stake in shares of PulteGroup by 3.7% in the 4th quarter. Wedmont Private Capital now owns 3,050 shares of the construction company's stock worth $328,000 after buying an additional 110 shares during the last quarter. 89.90% of the stock is currently owned by institutional investors.
Wall Street Analysts Forecast Growth
Several equities research analysts have commented on PHM shares. The Goldman Sachs Group dropped their price objective on shares of PulteGroup from $140.00 to $124.00 and set a "neutral" rating on the stock in a report on Tuesday, January 14th. Wells Fargo & Company reduced their price objective on PulteGroup from $140.00 to $120.00 and set an "overweight" rating on the stock in a research note on Monday, April 14th. Seaport Res Ptn raised PulteGroup from a "strong sell" rating to a "hold" rating in a research report on Thursday, March 6th. Barclays decreased their price objective on shares of PulteGroup from $117.00 to $100.00 and set an "equal weight" rating for the company in a report on Tuesday, April 8th. Finally, Citigroup dropped their price objective on shares of PulteGroup from $146.00 to $119.00 and set a "neutral" rating on the stock in a research note on Monday, January 6th. Seven research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $138.21.
Check Out Our Latest Stock Analysis on PHM
Insiders Place Their Bets
In other news, Director Brian P. Anderson sold 2,500 shares of the 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 completion of the transaction, the director now directly owns 56,617 shares of the company's stock, valued at approximately $6,026,879.65. This represents a 4.23 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, 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 transaction of $372,400.00. Following the sale, the vice president now directly owns 11,372 shares in the company, valued at approximately $1,209,980.80. This represents a 23.53 % 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. 0.76% of the stock is currently owned by insiders.
PulteGroup Price Performance
Shares of PulteGroup stock traded up $2.01 during mid-day trading on Friday, reaching $94.87. 2,870,580 shares of the stock traded hands, compared to its average volume of 1,995,210. PulteGroup, Inc. has a fifty-two week low of $88.07 and a fifty-two week high of $149.47. 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 business has a 50-day moving average of $102.04 and a 200 day moving average of $116.21. The stock has a market capitalization of $19.21 billion, a PE ratio of 6.45, a PEG ratio of 0.29 and a beta of 1.44.
PulteGroup (NYSE:PHM - Get Free Report) last posted its 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 net margin of 17.18% and a return on equity of 24.43%. On average, analysts predict that PulteGroup, Inc. will post 12.32 EPS for the current year.
PulteGroup Dividend Announcement
The business also recently announced a quarterly dividend, which was paid on Wednesday, April 2nd. Stockholders of record on Tuesday, March 18th were issued a $0.22 dividend. This represents a $0.88 annualized dividend 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 declared that its Board of Directors has authorized a stock repurchase program on Thursday, January 30th that permits the company to repurchase $1.50 billion in outstanding shares. This repurchase authorization permits the construction company to purchase up to 6.2% of its shares through open market purchases. Shares repurchase programs are often a sign that the company's management believes its stock is undervalued.
About PulteGroup
(
Free Report)
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.
Further Reading
Before you consider PulteGroup, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and PulteGroup wasn't on the list.
While PulteGroup currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
If a company's CEO, COO, and CFO were all selling shares of their stock, would you want to know? MarketBeat just compiled its list of the twelve stocks that corporate insiders are abandoning. Complete the form below to see which companies made the list.
Get This Free Report
