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

NBW Capital LLC lessened its stake in PulteGroup, Inc. (NYSE:PHM) by 2.6% during the fourth quarter, HoldingsChannel.com reports. The firm owned 87,544 shares of the construction company’s stock after selling 2,374 shares during the period. PulteGroup makes up approximately 2.0% of NBW Capital LLC’s holdings, making the stock its 11th biggest holding. NBW Capital LLC’s holdings in PulteGroup were worth $9,036,000 as of its most recent filing with the SEC.

Several other large investors have also modified their holdings of PHM. Aprio Wealth Management LLC lifted its stake in PulteGroup by 3.1% during the fourth quarter. Aprio Wealth Management LLC now owns 3,583 shares of the construction company’s stock worth $370,000 after purchasing an additional 107 shares during the last quarter. KMG Fiduciary Partners LLC lifted its position 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 worth $320,000 after buying an additional 121 shares during the last quarter. DNB Asset Management AS boosted its holdings in shares of PulteGroup by 0.3% in the 4th quarter. DNB Asset Management AS now owns 43,391 shares of the construction company’s stock valued at $4,479,000 after buying an additional 123 shares during the period. Cascade Investment Advisors Inc. grew its position in shares of 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 buying an additional 125 shares during the last quarter. Finally, Sugarloaf Wealth Management LLC raised 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 acquiring an additional 143 shares during the period. Institutional investors own 89.90% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have commented on the company. Royal Bank of Canada lifted their target price on PulteGroup from $103.00 to $106.00 and gave the company a “sector perform” rating in a research note on Wednesday, January 31st. Wedbush restated a “neutral” rating and set a $85.00 price objective on shares of PulteGroup in a research report on Wednesday, January 31st. The Goldman Sachs Group increased their target price on PulteGroup from $91.00 to $105.00 and gave the stock a “neutral” rating in a research report on Thursday, January 11th. Citigroup boosted their price target on shares of PulteGroup from $116.00 to $127.00 and gave the company a “neutral” rating in a report on Friday, April 5th. Finally, Barclays lifted their price objective on shares of PulteGroup from $126.00 to $136.00 and gave the company an “overweight” rating in a research report on Thursday, April 4th. Six investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $106.47.

Insider Buying and Selling

In other PulteGroup news, VP Brien P. O’meara sold 2,000 shares of the company’s stock in a transaction dated Tuesday, February 6th. The shares were sold at an average price of $103.09, for a total value of $206,180.00. Following the completion of the sale, the vice president now directly owns 15,389 shares of the company’s stock, valued at approximately $1,586,452.01. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.83% of the stock is owned by corporate insiders.

PulteGroup Price Performance

Shares of PulteGroup stock traded up $0.83 on Thursday, hitting $106.98. The company had a trading volume of 823,403 shares, compared to its average volume of 1,769,305. PulteGroup, Inc. has a 52 week low of $61.74 and a 52 week high of $121.07. The company has a debt-to-equity ratio of 0.19, a current ratio of 0.86 and a quick ratio of 0.86. The company has a market cap of $22.57 billion, a PE ratio of 9.04, a PEG ratio of 0.52 and a beta of 1.56. The business has a 50-day simple moving average of $110.39 and a 200-day simple moving average of $97.77.

PulteGroup (NYSE:PHM) last released its earnings results on Tuesday, January 30th. The construction company reported $3.28 earnings per share for the quarter, topping analysts’ consensus estimates of $3.21 by $0.07. PulteGroup had a return on equity of 25.97% and a net margin of 16.20%. The firm had revenue of $4.29 billion during the quarter, compared to the consensus estimate of $4.47 billion. During the same period in the prior year, the firm posted $3.63 earnings per share. The firm’s revenue for the quarter was down 15.5% compared to the same quarter last year. Research analysts expect that PulteGroup, Inc. will post 11.79 EPS for the current fiscal year.

PulteGroup Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, April 2nd. Investors of record on Friday, March 15th were paid a dividend of $0.20 per share. The ex-dividend date of this dividend was Thursday, March 14th. This represents a $0.80 annualized dividend and a yield of 0.75%. PulteGroup’s dividend payout ratio is currently 6.81%.

PulteGroup announced that its board has approved a stock repurchase plan on Tuesday, January 30th that allows the company to buyback $1.50 billion in shares. This buyback authorization allows the construction company to purchase up to 6.5% of its shares through open market purchases. Shares buyback plans are typically an indication that the company’s board of directors believes its shares are undervalued.

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.