iSAM Funds UK Ltd Acquires New Holdings in PulteGroup, Inc. $PHM

iSAM Funds UK Ltd bought a new position in PulteGroup, Inc. (NYSE:PHM) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm bought 27,910 shares of the construction company’s stock, valued at approximately $3,688,000. PulteGroup comprises approximately 0.8% of iSAM Funds UK Ltd’s investment portfolio, making the stock its 25th biggest position.

A number of other large investors have also added to or reduced their stakes in the stock. Twin Peaks Wealth Advisors LLC purchased a new stake in PulteGroup during the 2nd quarter valued at $32,000. Rexford Capital Inc. purchased a new position in shares of PulteGroup in the 2nd quarter worth $35,000. Private Wealth Management Group LLC boosted its stake in shares of PulteGroup by 281.7% in the 3rd quarter. Private Wealth Management Group LLC now owns 271 shares of the construction company’s stock worth $36,000 after buying an additional 200 shares during the last quarter. True Wealth Design LLC grew its holdings in shares of PulteGroup by 229.6% in the third quarter. True Wealth Design LLC now owns 356 shares of the construction company’s stock worth $47,000 after acquiring an additional 248 shares during the period. Finally, SJS Investment Consulting Inc. grew its holdings in shares of PulteGroup by 1,423.1% in the third quarter. SJS Investment Consulting Inc. now owns 396 shares of the construction company’s stock worth $52,000 after acquiring an additional 370 shares during the period. Institutional investors own 89.90% of the company’s stock.

Analyst Ratings Changes

PHM has been the topic of a number of recent research reports. BTIG Research initiated coverage on PulteGroup in a report on Monday, December 1st. They issued a “neutral” rating on the stock. Wall Street Zen upgraded PulteGroup from a “sell” rating to a “hold” rating in a research note on Sunday, January 11th. UBS Group reiterated a “buy” rating on shares of PulteGroup in a research note on Thursday. Zacks Research downgraded shares of PulteGroup from a “hold” rating to a “strong sell” rating in a report on Monday, January 26th. Finally, Raymond James Financial reissued an “outperform” rating and issued a $145.00 price objective on shares of PulteGroup in a report on Wednesday, February 4th. One investment analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating, six have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $142.71.

Insider Activity

In related news, VP Brien P. O’meara sold 4,000 shares of the stock in a transaction that occurred on Friday, February 6th. The shares were sold at an average price of $135.51, for a total value of $542,040.00. Following the completion of the sale, the vice president directly owned 8,601 shares of the company’s stock, valued at approximately $1,165,521.51. This represents a 31.74% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Ryan Marshall sold 111,250 shares of PulteGroup stock in a transaction that occurred on Thursday, February 5th. The shares were sold at an average price of $133.86, for a total transaction of $14,891,925.00. Following the transaction, the insider directly owned 659,392 shares in the company, valued at $88,266,213.12. This represents a 14.44% decrease in their position. The SEC filing for this sale provides additional information. Over the last quarter, insiders sold 149,952 shares of company stock worth $20,162,165. 0.76% of the stock is currently owned by corporate insiders.

PulteGroup Price Performance

NYSE PHM opened at $119.14 on Friday. The business’s fifty day moving average is $131.06 and its 200 day moving average is $127.50. PulteGroup, Inc. has a fifty-two week low of $88.07 and a fifty-two week high of $144.49. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.01 and a current ratio of 1.01. The company has a market capitalization of $22.91 billion, a PE ratio of 10.71, a price-to-earnings-growth ratio of 1.40 and a beta of 1.32.

PulteGroup Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, April 2nd. Stockholders of record on Tuesday, March 17th will be paid a $0.26 dividend. The ex-dividend date of this dividend is Tuesday, March 17th. This represents a $1.04 annualized dividend and a dividend yield of 0.9%. PulteGroup’s dividend payout ratio (DPR) is 9.35%.

PulteGroup Company Profile

PulteGroup, Inc (NYSE: PHM) is a U.S.-based residential homebuilder that designs, constructs and sells single-family homes and develops master-planned communities. The company operates multiple national and regional brands that target different buyer segments, including first-time buyers, move-up buyers and active-adult customers. Its operations encompass land acquisition and development, home design and construction, community amenities and ongoing customer service and warranty programs.

PulteGroup markets homes under several well-known brands, such as Pulte Homes, Centex and Del Webb, among others, offering a range of product types from entry-level detached homes to larger, higher-end residences and age-restricted active-adult communities.