Orion Portfolio Solutions LLC Has $3.53 Million Holdings in PulteGroup, Inc. (NYSE:PHM)

Orion Portfolio Solutions LLC raised its holdings in PulteGroup, Inc. (NYSE:PHM) by 4.6% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 32,449 shares of the construction company’s stock after buying an additional 1,429 shares during the period. Orion Portfolio Solutions LLC’s holdings in PulteGroup were worth $3,534,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in the business. Algert Global LLC lifted its holdings in PulteGroup by 19.6% during the 3rd quarter. Algert Global LLC now owns 3,633 shares of the construction company’s stock valued at $521,000 after purchasing an additional 596 shares during the last quarter. Townsquare Capital LLC raised its position in shares of PulteGroup by 56.9% in the third quarter. Townsquare Capital LLC now owns 7,078 shares of the construction company’s stock valued at $1,016,000 after purchasing an additional 2,567 shares during the period. CreativeOne Wealth LLC lifted its stake in shares of PulteGroup by 31.5% during the 3rd quarter. CreativeOne Wealth LLC now owns 5,784 shares of the construction company’s stock worth $830,000 after buying an additional 1,384 shares during the last quarter. Public Sector Pension Investment Board boosted its holdings in shares of PulteGroup by 10.2% during the 3rd quarter. Public Sector Pension Investment Board now owns 8,617 shares of the construction company’s stock worth $1,237,000 after buying an additional 800 shares during the period. Finally, Rockefeller Capital Management L.P. grew its stake in PulteGroup by 8.6% in the 3rd quarter. Rockefeller Capital Management L.P. now owns 42,291 shares of the construction company’s stock valued at $6,066,000 after buying an additional 3,343 shares during the last quarter. 89.90% of the stock is owned by institutional investors and hedge funds.

PulteGroup Stock Performance

Shares of PulteGroup stock opened at $101.76 on Monday. The company has a 50 day moving average of $107.58 and a 200-day moving average of $121.24. The company has a current ratio of 0.86, a quick ratio of 0.86 and a debt-to-equity ratio of 0.13. PulteGroup, Inc. has a 1-year low of $100.35 and a 1-year high of $149.47. The company has a market cap of $20.60 billion, a PE ratio of 6.92, a price-to-earnings-growth ratio of 0.29 and a beta of 1.71.

PulteGroup (NYSE:PHM) last posted its earnings results on Thursday, January 30th. The construction company reported $3.50 EPS for the quarter, topping analysts’ consensus estimates of $3.28 by $0.22. PulteGroup had a net margin of 17.18% and a return on equity of 24.43%. As a group, equities research analysts forecast that PulteGroup, Inc. will post 12.32 earnings per share for the current fiscal year.

PulteGroup Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, April 2nd. Stockholders of record on Tuesday, March 18th will be paid a dividend of $0.22 per share. This represents a $0.88 dividend on an annualized basis and a dividend yield of 0.86%. The ex-dividend date is Tuesday, March 18th. PulteGroup’s payout ratio is 5.98%.

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

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on the company. Wells Fargo & Company reduced their price objective on PulteGroup from $165.00 to $140.00 and set an “overweight” rating for the company in a report on Tuesday, December 17th. Seaport Res Ptn upgraded PulteGroup from a “strong sell” rating to a “hold” rating in a research note on Thursday, March 6th. JPMorgan Chase & Co. decreased their price objective on PulteGroup from $162.00 to $155.00 and set an “overweight” rating on the stock in a report on Friday, December 13th. StockNews.com downgraded PulteGroup from a “buy” rating to a “hold” rating in a report on Wednesday, December 11th. Finally, UBS Group upped their price target on shares of PulteGroup from $148.00 to $151.00 and gave the company a “buy” rating in a research note on Friday, January 31st. Seven analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $140.86.

Insiders Place Their Bets

In other news, VP Brien P. O’meara sold 3,500 shares of PulteGroup stock in a transaction dated Thursday, February 13th. The stock was 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 directly owns 11,372 shares of the company’s stock, valued at approximately $1,209,980.80. This trade represents a 23.53 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP Todd N. Sheldon sold 15,191 shares of PulteGroup stock in a transaction that occurred on Thursday, February 13th. The stock was sold at an average price of $106.50, for a total value of $1,617,841.50. Following the completion of the sale, the executive vice president now owns 74,758 shares of the company’s stock, valued at approximately $7,961,727. The trade was a 16.89 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 21,191 shares of company stock valued at $2,256,367 in the last ninety days. 0.76% of the stock is currently owned by insiders.

About PulteGroup

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.