8,116 Shares in PulteGroup, Inc. $PHM Bought by Saber Capital Managment LLC

Saber Capital Managment LLC acquired a new position in shares of PulteGroup, Inc. (NYSE:PHM) during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 8,116 shares of the construction company’s stock, valued at approximately $952,000. PulteGroup accounts for approximately 0.8% of Saber Capital Managment LLC’s portfolio, making the stock its 21st largest position.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Rachor Investment Advisory Services LLC acquired a new position in PulteGroup during the fourth quarter worth $31,000. Lloyd Advisory Services LLC. acquired a new stake in PulteGroup in the fourth quarter valued at $33,000. High Point Wealth Management LLC acquired a new stake in PulteGroup in the fourth quarter valued at $38,000. Beacon Financial Strategies CORP acquired a new stake in PulteGroup in the fourth quarter valued at $40,000. Finally, Elyxium Wealth LLC acquired a new stake in PulteGroup in the fourth quarter valued at $41,000. Institutional investors and hedge funds own 89.90% of the company’s stock.

PulteGroup Stock Down 0.0%

PHM opened at $123.13 on Monday. The company has a quick ratio of 0.94, a current ratio of 0.94 and a debt-to-equity ratio of 0.14. The firm has a market cap of $23.45 billion, a P/E ratio of 11.91, a PEG ratio of 1.56 and a beta of 1.20. PulteGroup, Inc. has a 52 week low of $98.27 and a 52 week high of $144.49. The business’s fifty day simple moving average is $119.61 and its 200 day simple moving average is $124.21.

PulteGroup (NYSE:PHM) last posted its quarterly earnings data on Thursday, April 23rd. The construction company reported $1.79 EPS for the quarter, missing analysts’ consensus estimates of $1.80 by ($0.01). The company had revenue of $3.41 billion for the quarter, compared to analyst estimates of $3.40 billion. PulteGroup had a net margin of 12.14% and a return on equity of 16.41%. The firm’s revenue was down 12.4% on a year-over-year basis. During the same period in the previous year, the business earned $2.57 EPS. As a group, equities research analysts anticipate that PulteGroup, Inc. will post 10 EPS for the current fiscal year.

PulteGroup announced that its Board of Directors has initiated a share repurchase program on Thursday, April 23rd that allows the company to repurchase $1.50 billion in outstanding shares. This repurchase authorization allows the construction company to purchase up to 6.1% of its shares through open market purchases. Shares repurchase programs are often an indication that the company’s management believes its shares are undervalued.

PulteGroup Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, July 2nd. Investors of record on Tuesday, June 16th will be paid a dividend of $0.26 per share. The ex-dividend date of this dividend is Tuesday, June 16th. This represents a $1.04 dividend on an annualized basis and a dividend yield of 0.8%. PulteGroup’s dividend payout ratio (DPR) is presently 10.06%.

Insiders Place Their Bets

In related news, COO Matthew William Koart sold 7,457 shares of the stock in a transaction on Wednesday, May 27th. The stock was sold at an average price of $120.00, for a total transaction of $894,840.00. Following the sale, the chief operating officer owned 28,100 shares of the company’s stock, valued at $3,372,000. This trade represents a 20.97% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Lila Snyder sold 3,339 shares of the stock in a transaction on Friday, May 8th. The shares were sold at an average price of $117.18, for a total value of $391,264.02. Following the sale, the director directly owned 3,540 shares in the company, valued at approximately $414,817.20. The trade was a 48.54% decrease in their position. The disclosure for this sale is available in the SEC filing. 0.75% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

Several analysts have weighed in on the company. Citigroup upped their target price on PulteGroup from $136.00 to $138.00 and gave the company a “neutral” rating in a report on Friday, April 24th. Barclays lowered their target price on PulteGroup from $115.00 to $112.00 and set an “equal weight” rating on the stock in a report on Wednesday, April 8th. Weiss Ratings lowered PulteGroup from a “buy (b-)” rating to a “hold (c)” rating in a report on Monday, April 27th. Seaport Research Partners reissued a “sell” rating and issued a $100.00 target price (down from $155.00) on shares of PulteGroup in a report on Tuesday, April 7th. Finally, Bank of America lowered their target price on PulteGroup from $145.00 to $140.00 and set a “buy” rating on the stock in a report on Monday, April 20th. Ten analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, PulteGroup has a consensus rating of “Moderate Buy” and a consensus price target of $140.71.

About PulteGroup

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.