PulteGroup, Inc. (NYSE:PHM) Shares Sold by First Horizon Advisors Inc.

First Horizon Advisors Inc. lessened its stake in PulteGroup, Inc. (NYSE:PHM) by 3.1% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 2,981 shares of the construction company’s stock after selling 96 shares during the period. First Horizon Advisors Inc.’s holdings in PulteGroup were worth $325,000 as of its most recent SEC filing.

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

Insider Activity at PulteGroup

In other news, VP Brien P. O’meara sold 3,500 shares of the business’s stock in a transaction that occurred on Thursday, February 13th. The shares were sold at an average price of $106.40, for a total value 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 $1,209,980.80. The trade was a 23.53 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, EVP Todd N. Sheldon sold 15,191 shares of the company’s stock in a transaction that occurred on Thursday, February 13th. The shares were sold at an average price of $106.50, for a total transaction of $1,617,841.50. Following the transaction, the executive vice president now directly owns 74,758 shares in the company, valued at $7,961,727. The trade was a 16.89 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 21,191 shares of company stock valued at $2,256,367 over the last quarter. Insiders own 0.75% of the company’s stock.

PulteGroup Stock Performance

Shares of PHM opened at $106.44 on Wednesday. PulteGroup, Inc. has a 12-month low of $100.54 and a 12-month high of $149.47. The stock has a market cap of $21.55 billion, a P/E ratio of 7.24, a PEG ratio of 0.29 and a beta of 1.68. The company has a current ratio of 0.86, a quick ratio of 0.86 and a debt-to-equity ratio of 0.13. The company has a 50-day moving average of $110.37 and a two-hundred day moving average of $125.14.

PulteGroup (NYSE:PHM) last issued its quarterly earnings data on Thursday, January 30th. The construction company reported $3.50 earnings per share (EPS) 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, research analysts predict that PulteGroup, Inc. will post 12.32 EPS for the current fiscal year.

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

PulteGroup Dividend Announcement

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

Analysts Set New Price Targets

A number of research analysts have recently issued reports on the stock. StockNews.com lowered shares of PulteGroup from a “buy” rating to a “hold” rating in a research note on Wednesday, December 11th. 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 report on Friday, December 13th. Bank of America reduced their price target on PulteGroup from $135.00 to $134.00 and set a “buy” rating for the company in a report on Monday, January 27th. Barclays dropped their price objective on PulteGroup from $125.00 to $117.00 and set an “equal weight” rating on the stock in a report on Friday, January 31st. Finally, The Goldman Sachs Group cut their price objective on PulteGroup from $140.00 to $124.00 and set a “neutral” rating for the company in a research report on Tuesday, January 14th. One research 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. Based on data from MarketBeat.com, PulteGroup currently has a consensus rating of “Moderate Buy” and a consensus price target 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.