Vest Financial LLC grew its stake in shares of PulteGroup, Inc. (NYSE:PHM - Free Report) by 111.5% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 22,159 shares of the construction company's stock after acquiring an additional 11,682 shares during the quarter. Vest Financial LLC's holdings in PulteGroup were worth $2,413,000 as of its most recent SEC filing.
A number of other large investors have also added to or reduced their stakes in the stock. Grove Bank & Trust increased its holdings in PulteGroup by 18.4% in the 3rd quarter. Grove Bank & Trust now owns 463 shares of the construction company's stock worth $66,000 after acquiring an additional 72 shares in the last quarter. Cromwell Holdings LLC grew its position in PulteGroup by 17.2% in the third quarter. Cromwell Holdings LLC now owns 565 shares of the construction company's stock worth $81,000 after acquiring an additional 83 shares in the last quarter. Concord Wealth Partners raised its holdings in PulteGroup by 1.7% during the 3rd quarter. Concord Wealth Partners now owns 5,002 shares of the construction company's stock valued at $718,000 after buying an additional 83 shares during the period. Ashton Thomas Private Wealth LLC raised its stake in shares of PulteGroup by 3.0% in the third quarter. Ashton Thomas Private Wealth LLC now owns 3,054 shares of the construction company's stock valued at $438,000 after acquiring an additional 88 shares during the period. Finally, Richardson Financial Services Inc. boosted its position 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 buying an additional 89 shares during the period. Institutional investors own 89.90% of the company's stock.
Insider Transactions at PulteGroup
In other PulteGroup news, Director Brian P. Anderson sold 2,500 shares of the business's stock in a transaction dated Monday, February 10th. The shares were sold at an average price of $106.45, for a total value 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. The trade was a 4.23 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 0.83% of the stock is owned by insiders.
PulteGroup Trading Down 1.2 %
Shares of PHM stock traded down $1.32 during trading hours on Wednesday, reaching $106.01. 2,274,421 shares of the stock traded hands, compared to its average volume of 2,320,737. PulteGroup, Inc. has a 1-year low of $100.24 and a 1-year high of $149.47. The company has a quick ratio of 0.73, a current ratio of 0.86 and a debt-to-equity ratio of 0.13. The firm has a market capitalization of $21.74 billion, a PE ratio of 7.21, a PEG ratio of 0.29 and a beta of 1.68. The business has a fifty day moving average price of $113.91 and a 200 day moving average price of $126.63.
PulteGroup (NYSE:PHM - Get Free Report) last posted its quarterly earnings results on Thursday, January 30th. The construction company reported $3.50 earnings per share for the quarter, topping analysts' consensus estimates of $3.28 by $0.22. PulteGroup had a return on equity of 24.43% and a net margin of 17.18%. On average, equities research analysts forecast that PulteGroup, Inc. will post 12.43 EPS for the current year.
PulteGroup declared that its Board of Directors has authorized a share repurchase program on Thursday, January 30th that permits the company to buyback $1.50 billion in outstanding shares. This buyback authorization permits the construction company to repurchase up to 6.2% of its shares through open market purchases. Shares buyback programs are usually an indication that the company's leadership believes its stock is undervalued.
PulteGroup Dividend Announcement
The company also recently announced a quarterly dividend, which will be paid on Wednesday, April 2nd. Investors of record on Tuesday, March 18th will be paid a $0.22 dividend. The ex-dividend date of this dividend is Tuesday, March 18th. This represents a $0.88 dividend on an annualized basis and a dividend yield of 0.83%. PulteGroup's payout ratio is 5.98%.
Analyst Ratings Changes
A number of equities analysts have recently issued reports on PHM shares. Seaport Res Ptn downgraded PulteGroup from a "hold" rating to a "strong sell" rating in a research report on Monday, January 27th. JPMorgan Chase & Co. decreased their price objective on PulteGroup from $162.00 to $155.00 and set an "overweight" rating for the company in a report on Friday, December 13th. StockNews.com cut shares of PulteGroup from a "buy" rating to a "hold" rating in a research note on Wednesday, December 11th. Oppenheimer dropped their price target on PulteGroup from $165.00 to $150.00 and set an "outperform" rating on the stock in a research note on Friday, January 31st. Finally, Bank of America cut their price objective on shares of PulteGroup from $135.00 to $134.00 and set a "buy" rating on the stock in a research note on Monday, January 27th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and eleven have assigned a buy rating to the company. According to MarketBeat.com, PulteGroup presently has a consensus rating of "Moderate Buy" and an average price target of $140.86.
View Our Latest Analysis on PHM
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.
See Also
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