We Are One Seven LLC acquired a new stake in shares of PulteGroup, Inc. (NYSE:PHM) during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund acquired 10,613 shares of the construction company’s stock, valued at approximately $353,000.
A number of other institutional investors also recently modified their holdings of the business. CHURCHILL MANAGEMENT Corp increased its position in PulteGroup by 2.0% during the 4th quarter. CHURCHILL MANAGEMENT Corp now owns 83,701 shares of the construction company’s stock valued at $2,783,000 after purchasing an additional 1,670 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank increased its position in PulteGroup by 2.7% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 66,053 shares of the construction company’s stock valued at $2,196,000 after purchasing an additional 1,760 shares during the period. Moors & Cabot Inc. increased its position in PulteGroup by 7.3% during the 3rd quarter. Moors & Cabot Inc. now owns 27,543 shares of the construction company’s stock valued at $755,000 after purchasing an additional 1,865 shares during the period. Northwestern Mutual Wealth Management Co. increased its position in PulteGroup by 28.4% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 8,808 shares of the construction company’s stock valued at $294,000 after purchasing an additional 1,946 shares during the period. Finally, Catamount Wealth Management increased its position in PulteGroup by 2.8% during the 3rd quarter. Catamount Wealth Management now owns 78,501 shares of the construction company’s stock valued at $2,145,000 after purchasing an additional 2,101 shares during the period. 85.34% of the stock is currently owned by institutional investors and hedge funds.
A number of analysts have recently weighed in on PHM shares. UBS upped their target price on shares of PulteGroup from $38.00 to $41.00 and gave the stock a “buy” rating in a research report on Wednesday, January 17th. Buckingham Research downgraded shares of PulteGroup from a “buy” rating to a “neutral” rating and upped their target price for the stock from $31.00 to $33.00 in a research report on Sunday, November 26th. Zacks Investment Research downgraded shares of PulteGroup from a “hold” rating to a “sell” rating in a research report on Wednesday, December 27th. Mizuho raised shares of PulteGroup from a “neutral” rating to a “buy” rating in a research report on Thursday, January 18th. Finally, B. Riley reaffirmed a “hold” rating and issued a $36.00 target price on shares of PulteGroup in a research report on Wednesday, January 31st. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating, six have given a buy rating and two have given a strong buy rating to the company. The stock presently has a consensus rating of “Buy” and an average target price of $33.92.
In related news, Director Patrick J. Oleary sold 8,677 shares of the company’s stock in a transaction dated Wednesday, February 21st. The shares were sold at an average price of $30.03, for a total value of $260,570.31. Following the transaction, the director now owns 90,687 shares in the company, valued at approximately $2,723,330.61. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders own 0.71% of the company’s stock.
Shares of PulteGroup, Inc. (NYSE PHM) opened at $29.00 on Friday. The firm has a market cap of $8,419.21, a PE ratio of 20.14, a PEG ratio of 0.46 and a beta of 1.12. PulteGroup, Inc. has a 1 year low of $21.41 and a 1 year high of $35.21.
PulteGroup (NYSE:PHM) last announced its quarterly earnings results on Tuesday, January 30th. The construction company reported $0.85 earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of $0.85. The company had revenue of $2.79 billion for the quarter, compared to analysts’ expectations of $2.82 billion. PulteGroup had a net margin of 5.22% and a return on equity of 15.52%. PulteGroup’s revenue was up 12.1% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.67 EPS. analysts predict that PulteGroup, Inc. will post 3.11 EPS for the current year.
The company also recently declared a quarterly dividend, which will be paid on Tuesday, April 3rd. Investors of record on Friday, March 16th will be paid a $0.09 dividend. This represents a $0.36 dividend on an annualized basis and a yield of 1.24%. The ex-dividend date is Thursday, March 15th. PulteGroup’s payout ratio is 25.00%.
PulteGroup declared that its Board of Directors has initiated a share buyback program on Tuesday, January 30th that permits the company to repurchase $500.00 million in outstanding shares. This repurchase authorization permits the construction company to buy shares of its stock through open market purchases. Stock repurchase programs are often an indication that the company’s board of directors believes its stock is undervalued.
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PulteGroup Company Profile
PulteGroup, Inc is a homebuilder in the United States. The Company’s segments include Homebuilding and Financial Services. Its Homebuilding operations are engaged in the acquisition and development of land primarily for residential purposes within the United States and the construction of housing on such land.
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