PulteGroup, Inc. (NYSE:PHM) Shares Bought by Global Retirement Partners LLC

Global Retirement Partners LLC lifted its holdings in shares of PulteGroup, Inc. (NYSE:PHM) by 18.7% during the 4th quarter, HoldingsChannel.com reports. The fund owned 3,242 shares of the construction company’s stock after buying an additional 510 shares during the period. Global Retirement Partners LLC’s holdings in PulteGroup were worth $353,000 as of its most recent SEC filing.

A number of other institutional investors have also recently added to or reduced their stakes in PHM. Fortitude Family Office LLC raised its position in PulteGroup by 115.1% in the third quarter. Fortitude Family Office LLC now owns 185 shares of the construction company’s stock valued at $27,000 after purchasing an additional 99 shares during the period. Transcendent Capital Group LLC acquired a new stake in shares of PulteGroup in the third quarter valued at about $29,000. Hager Investment Management Services LLC purchased a new stake in shares of PulteGroup during the 4th quarter valued at about $29,000. R Squared Ltd acquired a new position in PulteGroup during the 4th quarter worth approximately $39,000. Finally, JNBA Financial Advisors purchased a new position in PulteGroup in the 3rd quarter worth approximately $43,000. 89.90% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at PulteGroup

In other news, VP Brien P. O’meara sold 3,500 shares of the business’s stock in a transaction on Thursday, February 13th. The shares were sold at an average price of $106.40, for a total transaction of $372,400.00. Following the completion of the transaction, the vice president now owns 11,372 shares of the company’s stock, valued at approximately $1,209,980.80. The trade was a 23.53 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, EVP Todd N. Sheldon sold 15,191 shares of the stock in a transaction dated Thursday, February 13th. The stock was 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 directly owns 74,758 shares in the company, valued at approximately $7,961,727. This trade represents a 16.89 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 21,191 shares of company stock worth $2,256,367 in the last 90 days. 0.75% of the stock is currently owned by company insiders.

PulteGroup Stock Down 1.4 %

PHM stock opened at $101.64 on Tuesday. The firm has a fifty day moving average price of $110.56 and a two-hundred day moving average price of $125.25. The company has a debt-to-equity ratio of 0.13, a current ratio of 0.86 and a quick ratio of 0.86. PulteGroup, Inc. has a 1-year low of $100.54 and a 1-year high of $149.47. The firm has a market cap of $20.58 billion, a price-to-earnings ratio of 6.91, a PEG ratio of 0.29 and a beta of 1.68.

PulteGroup (NYSE:PHM) last released its quarterly earnings data 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 net margin of 17.18% and a return on equity of 24.43%. Research analysts predict that PulteGroup, Inc. will post 12.32 EPS for the current year.

PulteGroup declared that its Board of Directors has initiated a share repurchase program on Thursday, January 30th that allows the company to repurchase $1.50 billion in shares. This repurchase authorization allows the construction company to repurchase up to 6.2% of its shares through open market purchases. Shares repurchase programs are generally a sign that the company’s board of directors believes its stock is undervalued.

PulteGroup Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 2nd. Investors 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 dividend on an annualized basis and a yield of 0.87%. PulteGroup’s dividend payout ratio is currently 5.98%.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on PHM shares. Barclays dropped 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, January 31st. Wedbush reiterated an “outperform” rating and issued a $135.00 price objective on shares of PulteGroup in a report on Friday, January 31st. Wells Fargo & Company lowered their target price on PulteGroup from $165.00 to $140.00 and set an “overweight” rating for the company in a research note on Tuesday, December 17th. Bank of America cut their price target on PulteGroup from $135.00 to $134.00 and set a “buy” rating on the stock in a research note on Monday, January 27th. Finally, Citigroup lowered their price objective on PulteGroup from $146.00 to $119.00 and set a “neutral” rating for the company in a research note on Monday, January 6th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and eleven have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $140.86.

PulteGroup 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.