GSA Capital Partners LLP Buys Shares of 14,946 PulteGroup, Inc. $PHM

GSA Capital Partners LLP bought a new stake in shares of PulteGroup, Inc. (NYSE:PHMFree Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 14,946 shares of the construction company’s stock, valued at approximately $1,753,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of PHM. AGF Management Ltd. bought a new position in shares of PulteGroup in the 3rd quarter worth $174,347,000. American Century Companies Inc. lifted its holdings in shares of PulteGroup by 120.4% in the 3rd quarter. American Century Companies Inc. now owns 1,703,049 shares of the construction company’s stock worth $225,024,000 after purchasing an additional 930,287 shares in the last quarter. Franklin Resources Inc. lifted its holdings in shares of PulteGroup by 5.0% in the 3rd quarter. Franklin Resources Inc. now owns 12,900,271 shares of the construction company’s stock worth $1,704,513,000 after purchasing an additional 609,640 shares in the last quarter. First Trust Advisors LP lifted its holdings in shares of PulteGroup by 13.3% in the 3rd quarter. First Trust Advisors LP now owns 3,623,917 shares of the construction company’s stock worth $478,828,000 after purchasing an additional 424,011 shares in the last quarter. Finally, PFA Pension Forsikringsaktieselskab bought a new position in shares of PulteGroup in the 4th quarter worth $40,739,000. 89.90% of the stock is currently owned by institutional investors.

Insider Buying and Selling at PulteGroup

In other PulteGroup news, Director Lila Snyder sold 3,339 shares of the firm’s stock in a transaction on Friday, May 8th. The stock was sold at an average price of $117.18, for a total transaction of $391,264.02. Following the transaction, the director directly owned 3,540 shares in the company, valued at approximately $414,817.20. This trade represents a 48.54% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Kevin A. Henry sold 5,173 shares of the firm’s stock in a transaction on Tuesday, February 24th. The shares were sold at an average price of $141.03, for a total value of $729,548.19. Following the transaction, the executive vice president owned 14,673 shares in the company, valued at approximately $2,069,333.19. This trade represents a 26.07% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 0.75% of the stock is currently owned by company insiders.

Analyst Ratings Changes

A number of equities analysts recently issued reports on the company. Weiss Ratings cut PulteGroup from a “buy (b-)” rating to a “hold (c)” rating in a report on Monday, April 27th. Oppenheimer reiterated an “outperform” rating and issued a $149.00 target price (up from $140.00) on shares of PulteGroup in a report on Friday, January 30th. JPMorgan Chase & Co. cut their target price on PulteGroup from $149.00 to $131.00 and set an “overweight” rating on the stock in a report on Tuesday, February 3rd. Bank of America cut 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. Finally, Wells Fargo & Company increased their target price on PulteGroup from $132.00 to $140.00 and gave the stock an “overweight” rating in a report on Friday, April 24th. Ten analysts have rated the stock with a Buy rating and seven have given a Hold rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $140.71.

Check Out Our Latest Analysis on PulteGroup

PulteGroup Price Performance

Shares of NYSE:PHM opened at $110.95 on Wednesday. The company has a current ratio of 0.94, a quick ratio of 0.94 and a debt-to-equity ratio of 0.14. The stock’s fifty day simple moving average is $119.75 and its two-hundred day simple moving average is $124.17. PulteGroup, Inc. has a 1-year low of $95.20 and a 1-year high of $144.49. The stock has a market cap of $21.13 billion, a PE ratio of 10.73, a price-to-earnings-growth ratio of 1.42 and a beta of 1.23.

PulteGroup (NYSE:PHMGet Free Report) last issued its quarterly earnings data on Thursday, April 23rd. The construction company reported $1.79 earnings per share for the quarter, missing the consensus estimate of $1.80 by ($0.01). PulteGroup had a net margin of 12.14% and a return on equity of 16.41%. The company had revenue of $3.41 billion for the quarter, compared to the consensus estimate of $3.40 billion. During the same quarter last year, the business posted $2.57 earnings per share. PulteGroup’s revenue was down 12.4% on a year-over-year basis. As a group, analysts forecast that PulteGroup, Inc. will post 10 EPS for the current fiscal year.

PulteGroup announced that its Board of Directors has initiated a stock repurchase plan on Thursday, April 23rd that allows the company to buyback $1.50 billion in shares. This buyback authorization allows the construction company to purchase up to 6.1% of its shares through open market purchases. Shares buyback plans are often an indication that the company’s board of directors believes its stock is undervalued.

PulteGroup Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, July 2nd. Shareholders of record on Tuesday, June 16th will be paid a dividend of $0.26 per share. The ex-dividend date is Tuesday, June 16th. This represents a $1.04 annualized dividend and a yield of 0.9%. PulteGroup’s dividend payout ratio (DPR) is 10.06%.

PulteGroup Company Profile

(Free Report)

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.

Recommended Stories

Want to see what other hedge funds are holding PHM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for PulteGroup, Inc. (NYSE:PHMFree Report).

Institutional Ownership by Quarter for PulteGroup (NYSE:PHM)

Receive News & Ratings for PulteGroup Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for PulteGroup and related companies with MarketBeat.com's FREE daily email newsletter.