One Wealth Advisors LLC Has $372,000 Stake in PulteGroup, Inc. (NYSE:PHM)

One Wealth Advisors LLC trimmed its stake in shares of PulteGroup, Inc. (NYSE:PHM) by 2.7% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 3,416 shares of the construction company’s stock after selling 93 shares during the period. One Wealth Advisors LLC’s holdings in PulteGroup were worth $372,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Fortitude Family Office LLC increased its stake in PulteGroup by 115.1% in the 3rd quarter. Fortitude Family Office LLC now owns 185 shares of the construction company’s stock valued at $27,000 after buying an additional 99 shares during the last quarter. Transcendent Capital Group LLC acquired a new stake in PulteGroup in the 3rd quarter valued at $29,000. R Squared Ltd acquired a new stake in PulteGroup in the 4th quarter valued at $39,000. JNBA Financial Advisors acquired a new stake in PulteGroup in the 3rd quarter valued at $43,000. Finally, Thurston Springer Miller Herd & Titak Inc. increased its stake in PulteGroup by 1,059.3% in the 3rd quarter. Thurston Springer Miller Herd & Titak Inc. now owns 313 shares of the construction company’s stock valued at $45,000 after buying an additional 286 shares during the last quarter. 89.90% of the stock is currently owned by institutional investors and hedge funds.

PulteGroup Stock Performance

NYSE PHM opened at $109.37 on Tuesday. 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 company has a market capitalization of $22.43 billion, a P/E ratio of 7.43, a P/E/G ratio of 0.49 and a beta of 1.67. PulteGroup, Inc. has a 12-month low of $100.24 and a 12-month high of $149.47. The firm has a 50-day moving average price of $117.71 and a two-hundred day moving average price of $127.46.

PulteGroup (NYSE:PHM) last posted its quarterly earnings data on Thursday, January 30th. The construction company reported $3.50 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.28 by $0.22. PulteGroup had a net margin of 17.18% and a return on equity of 24.43%. Analysts anticipate that PulteGroup, Inc. will post 13.34 earnings per share for the current year.

PulteGroup announced that its Board of Directors has authorized a share buyback program on Thursday, January 30th that permits the company to buyback $1.50 billion in shares. This buyback authorization permits the construction company to reacquire up to 6.2% of its shares through open market purchases. Shares buyback programs are generally an indication that the company’s management believes its stock is undervalued.

PulteGroup Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, January 3rd. Stockholders of record on Tuesday, December 17th were issued a dividend of $0.22 per share. This represents a $0.88 dividend on an annualized basis and a dividend yield of 0.80%. The ex-dividend date of this dividend was Tuesday, December 17th. This is an increase from PulteGroup’s previous quarterly dividend of $0.20. PulteGroup’s dividend payout ratio is 5.98%.

Analyst Ratings Changes

PHM has been the topic of several recent analyst reports. UBS Group boosted their price objective on shares of PulteGroup from $148.00 to $151.00 and gave the stock a “buy” rating in a research note on Friday. Barclays lowered their price objective on shares of PulteGroup from $125.00 to $117.00 and set an “equal weight” rating on the stock in a research note on Friday. Wells Fargo & Company lowered their price objective on shares of PulteGroup from $165.00 to $140.00 and set an “overweight” rating on the stock in a research note on Tuesday, December 17th. JPMorgan Chase & Co. lowered their price objective on shares of PulteGroup from $162.00 to $155.00 and set an “overweight” rating on the stock in a research note on Friday, December 13th. Finally, Bank of America lowered 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 analyst has rated the stock with a sell rating, six have issued a hold rating and eleven have given a buy rating to the company’s stock. According to data from MarketBeat.com, PulteGroup currently 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.