Yousif Capital Management LLC Sells 7,523 Shares of PulteGroup, Inc. (NYSE:PHM)

Yousif Capital Management LLC reduced its position in PulteGroup, Inc. (NYSE:PHM - Free Report) by 19.3% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 31,412 shares of the construction company's stock after selling 7,523 shares during the quarter. Yousif Capital Management LLC's holdings in PulteGroup were worth $3,421,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Fortitude Family Office LLC lifted its holdings in shares of PulteGroup by 115.1% during the third quarter. Fortitude Family Office LLC now owns 185 shares of the construction company's stock valued at $27,000 after acquiring an additional 99 shares during the period. Transcendent Capital Group LLC bought a new position in shares of PulteGroup during the third quarter valued at $29,000. R Squared Ltd bought a new position in shares of PulteGroup during the fourth quarter valued at $39,000. JNBA Financial Advisors bought a new position in shares of PulteGroup during the third quarter valued at $43,000. Finally, Thurston Springer Miller Herd & Titak Inc. lifted its holdings in shares of PulteGroup by 1,059.3% during the third quarter. Thurston Springer Miller Herd & Titak Inc. now owns 313 shares of the construction company's stock valued at $45,000 after acquiring an additional 286 shares during the period. 89.90% of the stock is owned by institutional investors.

Insider Transactions at PulteGroup

In other news, Director Brian P. Anderson sold 2,500 shares of the business's stock in a transaction dated 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 in the company, valued at approximately $6,026,879.65. The trade was a 4.23 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 0.83% of the company's stock.

PulteGroup Trading Down 1.2 %

PHM stock traded down $1.32 during midday trading on Wednesday, reaching $106.01. The stock had a trading volume of 2,274,421 shares, compared to its average volume of 2,320,737. The business has a fifty day simple moving average of $113.91 and a two-hundred day simple moving average of $126.63. 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 cap of $21.74 billion, a price-to-earnings ratio of 7.21, a PEG ratio of 0.29 and a beta of 1.68. PulteGroup, Inc. has a twelve month low of $100.24 and a twelve month high of $149.47.

PulteGroup (NYSE:PHM - Get Free Report) last posted its earnings results on Thursday, January 30th. The construction company reported $3.50 earnings per share (EPS) for the quarter, topping the consensus estimate 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, research analysts expect that PulteGroup, Inc. will post 12.43 EPS for the current fiscal year.

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

PulteGroup Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, April 2nd. Stockholders of record on Tuesday, March 18th will be given a dividend of $0.22 per share. The ex-dividend date is Tuesday, March 18th. This represents a $0.88 annualized dividend and a dividend yield of 0.83%. PulteGroup's payout ratio is currently 5.98%.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on the company. BTIG Research lifted their price objective on PulteGroup from $139.00 to $156.00 and gave the company a "buy" rating in a report on Wednesday, October 23rd. Barclays cut their price target on PulteGroup from $125.00 to $117.00 and set an "equal weight" rating for the company in a report on Friday, January 31st. Oppenheimer cut their price target on PulteGroup from $165.00 to $150.00 and set an "outperform" rating for the company in a report on Friday, January 31st. Wells Fargo & Company cut their price target on PulteGroup from $165.00 to $140.00 and set an "overweight" rating for the company in a report on Tuesday, December 17th. Finally, JPMorgan Chase & Co. cut their price target on PulteGroup from $162.00 to $155.00 and set an "overweight" rating for the company in a report on Friday, December 13th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and eleven have assigned a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $140.86.

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.