Compound Global Advisors LLC Makes New $348,000 Investment in PulteGroup, Inc. (NYSE:PHM)

Compound Global Advisors LLC purchased a new stake in PulteGroup, Inc. (NYSE:PHM) in the 4th quarter, HoldingsChannel.com reports. The firm purchased 3,200 shares of the construction company’s stock, valued at approximately $348,000.

Other hedge funds have also recently modified their holdings of the company. Logan Capital Management Inc. lifted its holdings in PulteGroup by 67.7% during the third quarter. Logan Capital Management Inc. now owns 14,797 shares of the construction company’s stock worth $2,124,000 after buying an additional 5,976 shares during the period. Sanctuary Advisors LLC raised its position in shares of PulteGroup by 38.1% in the 3rd quarter. Sanctuary Advisors LLC now owns 121,299 shares of the construction company’s stock worth $17,410,000 after acquiring an additional 33,472 shares in the last quarter. Trustmark National Bank Trust Department lifted its stake in shares of PulteGroup by 39.8% during the 3rd quarter. Trustmark National Bank Trust Department now owns 39,589 shares of the construction company’s stock worth $5,682,000 after purchasing an additional 11,269 shares during the last quarter. Systematic Financial Management LP boosted its position in PulteGroup by 3.9% during the third quarter. Systematic Financial Management LP now owns 130,257 shares of the construction company’s stock valued at $18,696,000 after purchasing an additional 4,840 shares in the last quarter. Finally, New Millennium Group LLC grew its stake in PulteGroup by 10,625.8% in the third quarter. New Millennium Group LLC now owns 9,546 shares of the construction company’s stock valued at $1,370,000 after purchasing an additional 9,457 shares during the last quarter. Hedge funds and other institutional investors own 89.90% of the company’s stock.

PulteGroup Stock Up 0.6 %

PHM stock opened at $106.55 on Tuesday. The company has a market capitalization of $21.57 billion, a P/E ratio of 7.24, a price-to-earnings-growth ratio of 0.29 and a beta of 1.68. PulteGroup, Inc. has a 12 month low of $100.24 and a 12 month high of $149.47. The firm’s fifty day simple moving average is $115.02 and its 200-day simple moving average is $126.92. The company has a debt-to-equity ratio of 0.13, a current ratio of 0.86 and a quick ratio of 0.73.

PulteGroup (NYSE:PHM) last announced its quarterly 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 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 12.43 earnings per share for the current year.

PulteGroup declared that its board has authorized a stock repurchase plan on Thursday, January 30th that permits the company to buyback $1.50 billion in shares. This buyback authorization permits the construction company to repurchase up to 6.2% of its shares through open market purchases. Shares buyback plans are often an indication that the company’s board of directors believes its shares are undervalued.

PulteGroup Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, April 2nd. Shareholders of record on Tuesday, March 18th will be issued a $0.22 dividend. This represents a $0.88 dividend on an annualized basis and a yield of 0.83%. The ex-dividend date of this dividend is Tuesday, March 18th. PulteGroup’s payout ratio is presently 5.98%.

Analyst Upgrades and Downgrades

Several analysts have commented on PHM shares. Oppenheimer decreased their price target on shares of PulteGroup from $165.00 to $150.00 and set an “outperform” rating for the company in a research report on Friday, January 31st. BTIG Research raised their target price on shares of PulteGroup from $139.00 to $156.00 and gave the company a “buy” rating in a research note on Wednesday, October 23rd. Bank of America cut their price target on shares of PulteGroup from $135.00 to $134.00 and set a “buy” rating on the stock in a report on Monday, January 27th. The Goldman Sachs Group decreased their price objective on PulteGroup from $140.00 to $124.00 and set a “neutral” rating for the company in a report on Tuesday, January 14th. Finally, JPMorgan Chase & Co. dropped their target price on PulteGroup from $162.00 to $155.00 and set an “overweight” rating on the stock in a research note on Friday, December 13th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and eleven have given a buy rating to the company. Based on data from MarketBeat, PulteGroup presently has a consensus rating of “Moderate Buy” and a consensus target price of $140.86.

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.