PulteGroup, Inc. (NYSE:PHM) Shares Purchased by Verdence Capital Advisors LLC

Verdence Capital Advisors LLC raised its position in PulteGroup, Inc. (NYSE:PHMFree Report) by 3.4% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 7,357 shares of the construction company’s stock after buying an additional 239 shares during the period. Verdence Capital Advisors LLC’s holdings in PulteGroup were worth $759,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of PHM. Aprio Wealth Management LLC increased its holdings in PulteGroup by 3.1% in the 4th quarter. Aprio Wealth Management LLC now owns 3,583 shares of the construction company’s stock valued at $370,000 after purchasing an additional 107 shares during the last quarter. KMG Fiduciary Partners LLC raised its holdings in shares of PulteGroup by 4.1% in the 4th quarter. KMG Fiduciary Partners LLC now owns 3,102 shares of the construction company’s stock valued at $320,000 after buying an additional 121 shares during the period. DNB Asset Management AS lifted its stake in PulteGroup by 0.3% during the 4th quarter. DNB Asset Management AS now owns 43,391 shares of the construction company’s stock worth $4,479,000 after acquiring an additional 123 shares in the last quarter. Cascade Investment Advisors Inc. boosted its holdings in PulteGroup by 1.6% during the 4th quarter. Cascade Investment Advisors Inc. now owns 8,165 shares of the construction company’s stock valued at $843,000 after acquiring an additional 125 shares during the period. Finally, Sugarloaf Wealth Management LLC increased its stake in PulteGroup by 9.2% during the third quarter. Sugarloaf Wealth Management LLC now owns 1,695 shares of the construction company’s stock worth $126,000 after purchasing an additional 143 shares during the period. 89.90% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research firms have recently commented on PHM. Citigroup raised their price objective on shares of PulteGroup from $116.00 to $127.00 and gave the company a “neutral” rating in a research note on Friday, April 5th. Royal Bank of Canada boosted their price target on shares of PulteGroup from $103.00 to $106.00 and gave the stock a “sector perform” rating in a research note on Wednesday, January 31st. Raymond James increased their price objective on PulteGroup from $100.00 to $120.00 and gave the company an “outperform” rating in a research note on Monday, February 5th. Barclays upped their price target on PulteGroup from $126.00 to $136.00 and gave the stock an “overweight” rating in a report on Thursday, April 4th. Finally, The Goldman Sachs Group boosted their price objective on PulteGroup from $91.00 to $105.00 and gave the stock a “neutral” rating in a research report on Thursday, January 11th. Six analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. Based on data from MarketBeat, PulteGroup currently has an average rating of “Moderate Buy” and a consensus price target of $106.47.

Get Our Latest Stock Report on PulteGroup

PulteGroup Trading Down 0.5 %

PHM opened at $105.43 on Monday. The company has a quick ratio of 0.86, a current ratio of 0.86 and a debt-to-equity ratio of 0.19. PulteGroup, Inc. has a 52 week low of $62.18 and a 52 week high of $121.07. The business’s 50 day moving average is $110.49 and its two-hundred day moving average is $98.42. The firm has a market cap of $22.24 billion, a price-to-earnings ratio of 8.98, a price-to-earnings-growth ratio of 0.51 and a beta of 1.56.

PulteGroup (NYSE:PHMGet Free Report) last announced its earnings results on Tuesday, January 30th. The construction company reported $3.28 EPS for the quarter, beating analysts’ consensus estimates of $3.21 by $0.07. The business had revenue of $4.29 billion for the quarter, compared to analysts’ expectations of $4.47 billion. PulteGroup had a net margin of 16.20% and a return on equity of 25.97%. The company’s quarterly revenue was down 15.5% on a year-over-year basis. During the same period in the previous year, the company posted $3.63 EPS. On average, research analysts predict that PulteGroup, Inc. will post 11.79 EPS for the current year.

PulteGroup Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, April 2nd. Stockholders of record on Friday, March 15th were issued a $0.20 dividend. The ex-dividend date of this dividend was Thursday, March 14th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 0.76%. PulteGroup’s payout ratio is 6.81%.

PulteGroup declared that its Board of Directors has authorized a stock repurchase plan on Tuesday, January 30th that authorizes the company to repurchase $1.50 billion in outstanding shares. This repurchase authorization authorizes the construction company to purchase up to 6.5% of its stock through open market purchases. Stock repurchase plans are often a sign that the company’s management believes its stock is undervalued.

Insider Transactions at PulteGroup

In related news, VP Brien P. O’meara sold 2,000 shares of the firm’s stock in a transaction dated Tuesday, February 6th. The stock was sold at an average price of $103.09, for a total transaction of $206,180.00. Following the transaction, the vice president now owns 15,389 shares of the company’s stock, valued at $1,586,452.01. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Insiders own 0.75% of the company’s stock.

PulteGroup Profile

(Free Report)

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.

Further Reading

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Institutional Ownership by Quarter for PulteGroup (NYSE:PHM)

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