PulteGroup, Inc. (NYSE:PHM) Holdings Lifted by JB Capital LLC

JB Capital LLC raised its holdings in PulteGroup, Inc. (NYSE:PHM) by 2.8% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 30,838 shares of the construction company’s stock after acquiring an additional 846 shares during the quarter. JB Capital LLC’s holdings in PulteGroup were worth $3,358,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently made changes to their positions in the company. Grove Bank & Trust lifted its stake in PulteGroup by 18.4% during the third quarter. Grove Bank & Trust now owns 463 shares of the construction company’s stock valued at $66,000 after purchasing an additional 72 shares during the last quarter. Cromwell Holdings LLC increased its holdings in shares of PulteGroup by 17.2% in the third quarter. Cromwell Holdings LLC now owns 565 shares of the construction company’s stock valued at $81,000 after buying an additional 83 shares in the last quarter. Concord Wealth Partners boosted its stake in shares of PulteGroup by 1.7% during the 3rd quarter. Concord Wealth Partners now owns 5,002 shares of the construction company’s stock worth $718,000 after acquiring an additional 83 shares in the last quarter. Ashton Thomas Private Wealth LLC grew its holdings in shares of PulteGroup by 3.0% in the 3rd quarter. Ashton Thomas Private Wealth LLC now owns 3,054 shares of the construction company’s stock worth $438,000 after acquiring an additional 88 shares during the last quarter. Finally, Richardson Financial Services Inc. raised its position in shares of PulteGroup by 16.7% during the fourth quarter. Richardson Financial Services Inc. now owns 622 shares of the construction company’s stock worth $68,000 after purchasing an additional 89 shares during the period. Institutional investors own 89.90% of the company’s stock.

PulteGroup Trading Down 4.0 %

PulteGroup stock opened at $113.73 on Monday. The company has a debt-to-equity ratio of 0.13, a current ratio of 0.86 and a quick ratio of 0.73. The company has a market capitalization of $23.32 billion, a price-to-earnings ratio of 7.73, a PEG ratio of 0.49 and a beta of 1.68. The company’s fifty day moving average price is $117.71 and its two-hundred day moving average price is $127.42. PulteGroup, Inc. has a one year low of $100.24 and a one year high of $149.47.

PulteGroup (NYSE:PHM) last posted its earnings results on Thursday, January 30th. The construction company reported $3.50 earnings per share (EPS) for the quarter, beating 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%. On average, analysts forecast that PulteGroup, Inc. will post 13.34 earnings per share for the current fiscal year.

PulteGroup declared that its board has approved a stock buyback plan on Thursday, January 30th that authorizes the company to buyback $1.50 billion in shares. This buyback authorization authorizes the construction company to purchase up to 6.2% of its stock through open market purchases. Stock buyback plans are generally an indication that the company’s board of directors believes its shares are undervalued.

PulteGroup Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, January 3rd. Stockholders of record on Tuesday, December 17th were given a $0.22 dividend. This represents a $0.88 annualized dividend and a dividend yield of 0.77%. This is a boost from PulteGroup’s previous quarterly dividend of $0.20. The ex-dividend date of this dividend was Tuesday, December 17th. PulteGroup’s dividend payout ratio is currently 5.98%.

Analyst Ratings Changes

A number of equities analysts recently weighed in on PHM shares. StockNews.com lowered PulteGroup from a “buy” rating to a “hold” rating in a research report on Wednesday, December 11th. Wedbush reissued an “outperform” rating and issued a $135.00 price objective on shares of PulteGroup in a research note on Friday. Bank of America lowered their target price on PulteGroup from $135.00 to $134.00 and set a “buy” rating on the stock in a research note on Monday, January 27th. Evercore ISI reduced their price target on shares of PulteGroup from $198.00 to $195.00 and set an “outperform” rating for the company in a research report on Wednesday, October 23rd. Finally, JPMorgan Chase & Co. lowered their price objective on shares of PulteGroup from $162.00 to $155.00 and set an “overweight” rating on the stock in a research report on Friday, December 13th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and eleven have assigned a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $140.86.

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.