Wayfinding Financial LLC Takes $275,000 Position in PulteGroup, Inc. (NYSE:PHM)

Wayfinding Financial LLC bought a new position in PulteGroup, Inc. (NYSE:PHM - Free Report) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund bought 2,528 shares of the construction company's stock, valued at approximately $275,000.

A number of other large investors have also added to or reduced their stakes in PHM. FMR LLC raised its holdings in shares of PulteGroup by 102.3% during the 3rd 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 grew its holdings in shares of PulteGroup by 77.9% during the 4th 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. grew its stake in shares of 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 buying an additional 585,735 shares during the last quarter. Westfield Capital Management Co. LP purchased a new position in PulteGroup in the 3rd quarter worth approximately $66,485,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank increased its stake in shares of 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 period. Hedge funds and other institutional investors own 89.90% of the company's stock.

Analysts Set New Price Targets

A number of equities analysts have issued reports on the stock. Seaport Res Ptn upgraded shares of PulteGroup from a "strong sell" rating to a "hold" rating in a research report on Thursday, March 6th. Citigroup reduced their price target on PulteGroup from $146.00 to $119.00 and set a "neutral" rating on the stock in a report on Monday, January 6th. Oppenheimer dropped their price objective on PulteGroup from $165.00 to $150.00 and set an "outperform" rating for the company in a report on Friday, January 31st. StockNews.com cut PulteGroup from a "buy" rating to a "hold" rating in a research note on Wednesday, December 11th. Finally, Wells Fargo & Company dropped their price target on PulteGroup from $165.00 to $140.00 and set an "overweight" rating for the company in a research note on Tuesday, December 17th. Seven research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $140.86.

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PulteGroup Stock Down 0.5 %

Shares of NYSE PHM traded down $0.57 on Tuesday, reaching $105.28. 1,979,885 shares of the company's stock traded hands, compared to its average volume of 1,881,199. The business's 50 day simple moving average is $108.34 and its two-hundred day simple moving average is $121.83. PulteGroup, Inc. has a 12 month low of $100.35 and a 12 month high of $149.47. The company has a market cap of $21.31 billion, a price-to-earnings ratio of 7.16, a price-to-earnings-growth ratio of 0.29 and a beta of 1.71. The company has a quick ratio of 0.86, a current ratio of 0.86 and a debt-to-equity ratio of 0.13.

PulteGroup (NYSE:PHM - Get Free Report) last posted its quarterly earnings data on Thursday, January 30th. The construction company reported $3.50 earnings per share for the quarter, beating 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%. As a group, equities research analysts forecast that PulteGroup, Inc. will post 12.32 EPS for the current fiscal year.

PulteGroup Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, April 2nd. Stockholders of record on Tuesday, March 18th will be given a $0.22 dividend. This represents a $0.88 annualized dividend and a dividend yield of 0.84%. The ex-dividend date is Tuesday, March 18th. PulteGroup's dividend payout ratio is presently 5.98%.

PulteGroup declared that its board has authorized a stock buyback program on Thursday, January 30th that allows the company to repurchase $1.50 billion in shares. This repurchase authorization allows the construction company to buy up to 6.2% of its stock through open market purchases. Stock repurchase programs are usually a sign that the company's board of directors believes its shares are undervalued.

Insider Buying and Selling

In related news, EVP Todd N. Sheldon sold 15,191 shares of the firm's stock in a transaction that occurred on Thursday, February 13th. The shares were sold at an average price of $106.50, for a total transaction of $1,617,841.50. Following the completion of the sale, the executive vice president now owns 74,758 shares of the company's stock, valued at $7,961,727. This trade represents a 16.89 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Brian P. Anderson sold 2,500 shares of the company's stock in a transaction that occurred on 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 in the company, valued at $6,026,879.65. This trade represents a 4.23 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 21,191 shares of company stock worth $2,256,367 in the last quarter. Corporate insiders own 0.83% of the company's stock.

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.