PulteGroup, Inc. $PHM Shares Sold by Centennial Bank AR

Centennial Bank AR reduced its stake in shares of PulteGroup, Inc. (NYSE:PHM) by 36.4% during the 3rd quarter, HoldingsChannel reports. The fund owned 7,954 shares of the construction company’s stock after selling 4,556 shares during the period. Centennial Bank AR’s holdings in PulteGroup were worth $1,051,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of PHM. Twin Peaks Wealth Advisors LLC purchased a new stake in PulteGroup during the second quarter valued at about $32,000. Rexford Capital Inc. purchased a new stake in shares of PulteGroup during the 2nd quarter worth about $35,000. Private Wealth Management Group LLC increased its position in PulteGroup by 281.7% during the 3rd quarter. Private Wealth Management Group LLC now owns 271 shares of the construction company’s stock worth $36,000 after purchasing an additional 200 shares in the last quarter. True Wealth Design LLC increased its position 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 in the last quarter. Finally, SJS Investment Consulting Inc. raised its stake in shares of PulteGroup by 1,423.1% in the 3rd quarter. SJS Investment Consulting Inc. now owns 396 shares of the construction company’s stock valued at $52,000 after acquiring an additional 370 shares during the period. Hedge funds and other institutional investors own 89.90% of the company’s stock.

PulteGroup Price Performance

PHM opened at $142.13 on Thursday. The company has a 50-day moving average of $127.38 and a 200-day moving average of $126.79. The company has a market capitalization of $27.34 billion, a P/E ratio of 12.78, a PEG ratio of 1.65 and a beta of 1.33. PulteGroup, Inc. has a 1-year low of $88.07 and a 1-year 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.

PulteGroup Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, April 2nd. Investors of record on Tuesday, March 17th will be issued a $0.26 dividend. This represents a $1.04 annualized dividend and a yield of 0.7%. The ex-dividend date of this dividend is Tuesday, March 17th. PulteGroup’s payout ratio is currently 9.35%.

Insider Transactions at PulteGroup

In other news, EVP Todd N. Sheldon sold 14,220 shares of the business’s stock in a transaction that occurred on Friday, February 6th. The stock was sold at an average price of $135.01, for a total value of $1,919,842.20. Following the completion of the sale, the executive vice president directly owned 69,753 shares in the company, valued at approximately $9,417,352.53. The trade was a 16.93% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, VP Brien P. O’meara sold 4,000 shares of the company’s 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 sale, the vice president directly owned 8,601 shares in the company, valued at approximately $1,165,521.51. This represents a 31.74% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders have sold 144,779 shares of company stock worth $19,432,616. 0.76% of the stock is owned by corporate insiders.

Analyst Ratings Changes

Several analysts recently issued reports on the company. UBS Group lowered their price target on PulteGroup from $160.00 to $159.00 and set a “buy” rating for the company in a report on Tuesday, January 6th. BTIG Research assumed coverage on PulteGroup in a research report on Monday, December 1st. They set a “neutral” rating on the stock. Barclays set a $115.00 price objective on shares of PulteGroup in a research note on Monday, December 8th. Citigroup upped their target price on shares of PulteGroup from $128.00 to $136.00 and gave the company a “neutral” rating in a research note on Tuesday, February 3rd. Finally, The Goldman Sachs Group reaffirmed a “neutral” rating and set a $144.00 price target on shares of PulteGroup in a research note on Tuesday, January 13th. Nine research analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $140.15.

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.