Tyler Stone Wealth Management Has $328,000 Stock Position in PulteGroup, Inc. (NYSE:PHM)

Tyler Stone Wealth Management lessened its stake in PulteGroup, Inc. (NYSE:PHM - Free Report) by 73.9% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 3,014 shares of the construction company's stock after selling 8,520 shares during the quarter. Tyler Stone Wealth Management's holdings in PulteGroup were worth $328,000 as of its most recent filing with the SEC.

Several other large investors have also modified their holdings of the stock. FMR LLC boosted its stake in PulteGroup by 102.3% during the third quarter. FMR LLC now owns 9,040,828 shares of the construction company's stock valued at $1,297,630,000 after buying an additional 4,571,757 shares in the last quarter. Amundi lifted its stake in PulteGroup by 77.9% during the fourth quarter. Amundi now owns 1,636,562 shares of the construction company's stock valued at $180,775,000 after purchasing an additional 716,716 shares during the last quarter. Franklin Resources Inc. lifted its stake in PulteGroup by 5.5% during the third quarter. Franklin Resources Inc. now owns 11,254,274 shares of the construction company's stock valued at $1,647,364,000 after purchasing an additional 585,735 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank grew its position in PulteGroup by 357.1% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 521,958 shares of the construction company's stock worth $74,917,000 after buying an additional 407,764 shares during the last quarter. Finally, Lord Abbett & CO. LLC increased its holdings in shares of PulteGroup by 3,118.4% in the third quarter. Lord Abbett & CO. LLC now owns 376,717 shares of the construction company's stock valued at $54,070,000 after buying an additional 365,012 shares in the last quarter. Institutional investors own 89.90% of the company's stock.

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Analysts Set New Price Targets

Several research analysts have commented on PHM shares. JPMorgan Chase & Co. decreased their target price on shares of PulteGroup from $162.00 to $155.00 and set an "overweight" rating for the company in a report on Friday, December 13th. 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. Seaport Res Ptn raised shares of PulteGroup from a "strong sell" rating to a "hold" rating in a research report on Thursday, March 6th. The Goldman Sachs Group decreased their target price on PulteGroup from $140.00 to $124.00 and set a "neutral" rating for the company in a research report on Tuesday, January 14th. Finally, Wells Fargo & Company decreased their price target on shares of PulteGroup from $165.00 to $140.00 and set an "overweight" rating for the company in a report on Tuesday, December 17th. Seven research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. According to data from MarketBeat.com, PulteGroup presently has a consensus rating of "Moderate Buy" and a consensus target price of $140.86.

PulteGroup Trading Down 3.1 %

Shares of NYSE PHM traded down $3.28 during mid-day trading on Friday, hitting $101.76. The company's stock had a trading volume of 1,412,997 shares, compared to its average volume of 1,950,286. The company's fifty day simple moving average is $107.58 and its 200-day simple moving average is $121.31. 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 $100.35 and a one year high of $149.47. The stock has a market cap of $20.60 billion, a price-to-earnings ratio of 6.92, a price-to-earnings-growth ratio of 0.29 and a beta of 1.71.

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, topping 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, 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 announced a quarterly dividend, which will be paid on Wednesday, April 2nd. Shareholders of record on Tuesday, March 18th will be issued a dividend of $0.22 per share. This represents a $0.88 dividend on an annualized basis and a yield of 0.86%. The ex-dividend date of this dividend is Tuesday, March 18th. PulteGroup's dividend payout ratio (DPR) is presently 5.98%.

PulteGroup declared that its Board of Directors has authorized a stock buyback plan on Thursday, January 30th that authorizes the company to repurchase $1.50 billion in outstanding shares. This repurchase authorization authorizes the construction company to purchase up to 6.2% of its shares through open market purchases. Shares repurchase plans are usually a sign that the company's board of directors believes its shares are undervalued.

Insider Buying and Selling at PulteGroup

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 value of $266,125.00. Following the completion of the sale, the director now 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 transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, EVP Todd N. Sheldon sold 15,191 shares of the business's stock in a transaction on Thursday, February 13th. The stock was 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 approximately $7,961,727. The trade was a 16.89 % decrease in their ownership of the stock. 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 currently owned by company insiders.

PulteGroup Company 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.