PulteGroup, Inc. (NYSE:PHM) Shares Sold by NBW Capital LLC

NBW Capital LLC reduced its stake in PulteGroup, Inc. (NYSE:PHM) by 2.6% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 87,544 shares of the construction company’s stock after selling 2,374 shares during the quarter. PulteGroup makes up approximately 2.0% of NBW Capital LLC’s investment portfolio, making the stock its 11th largest position. NBW Capital LLC’s holdings in PulteGroup were worth $9,036,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors also recently added to or reduced their stakes in PHM. Rakuten Securities Inc. purchased a new stake in shares of PulteGroup in the fourth quarter valued at about $37,000. Coppell Advisory Solutions LLC acquired a new position in PulteGroup in the 2nd quarter valued at about $29,000. ORG Partners LLC grew its stake in shares of PulteGroup by 3,463.6% in the 4th quarter. ORG Partners LLC now owns 392 shares of the construction company’s stock valued at $40,000 after buying an additional 381 shares during the period. AdvisorNet Financial Inc increased its holdings in shares of PulteGroup by 91.5% during the 4th quarter. AdvisorNet Financial Inc now owns 427 shares of the construction company’s stock worth $44,000 after buying an additional 204 shares during the last quarter. Finally, Arlington Trust Co LLC acquired a new stake in shares of PulteGroup during the 3rd quarter worth approximately $33,000. 89.90% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In related news, VP Brien P. O’meara sold 2,000 shares of the company’s stock in a transaction that occurred on Tuesday, February 6th. The shares were sold at an average price of $103.09, for a total transaction of $206,180.00. Following the sale, the vice president now directly owns 15,389 shares in the company, valued at $1,586,452.01. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 0.83% of the company’s stock.

PulteGroup Stock Up 0.8 %

PulteGroup stock traded up $0.83 during mid-day trading on Thursday, reaching $106.98. 823,403 shares of the company’s stock were exchanged, compared to its average volume of 1,769,305. 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 twelve month low of $61.74 and a twelve month high of $121.07. The company has a market cap of $22.57 billion, a P/E ratio of 9.04, a P/E/G ratio of 0.52 and a beta of 1.56. The company has a fifty day moving average of $110.39 and a 200-day moving average of $97.77.

PulteGroup (NYSE:PHM) last announced its quarterly earnings data on Tuesday, January 30th. The construction company reported $3.28 earnings per share (EPS) for the quarter, beating the consensus estimate 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 return on equity of 25.97% and a net margin of 16.20%. The company’s revenue for the quarter was down 15.5% compared to the same quarter last year. During the same period last year, the firm earned $3.63 earnings per share. Sell-side analysts expect that PulteGroup, Inc. will post 11.79 EPS for the current year.

PulteGroup announced that its Board of Directors has approved a share buyback plan on Tuesday, January 30th that permits the company to repurchase $1.50 billion in outstanding shares. This repurchase authorization permits the construction company to repurchase up to 6.5% of its shares through open market purchases. Shares repurchase plans are generally an indication that the company’s management believes its stock is undervalued.

PulteGroup Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, April 2nd. Shareholders of record on Friday, March 15th were given a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a yield of 0.75%. The ex-dividend date was Thursday, March 14th. PulteGroup’s dividend payout ratio is currently 6.81%.

Analyst Ratings Changes

A number of research firms recently commented on PHM. Royal Bank of Canada upped their price objective on PulteGroup from $103.00 to $106.00 and gave the company a “sector perform” rating in a report on Wednesday, January 31st. StockNews.com downgraded PulteGroup from a “buy” rating to a “hold” rating in a research report on Saturday, March 2nd. Barclays boosted their price objective on shares of PulteGroup from $126.00 to $136.00 and gave the company an “overweight” rating in a report on Thursday, April 4th. Citigroup increased their target price on shares of PulteGroup from $116.00 to $127.00 and gave the stock a “neutral” rating in a research note on Friday, April 5th. Finally, Wedbush reissued a “neutral” rating and issued a $85.00 price target on shares of PulteGroup in a research note on Wednesday, January 31st. Six investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $106.47.

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.