PulteGroup, Inc. (NYSE:PHM) Shares Bought by 1858 Wealth Management LLC

1858 Wealth Management LLC increased its position in PulteGroup, Inc. (NYSE:PHM) by 5.0% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 2,349 shares of the construction company’s stock after purchasing an additional 112 shares during the quarter. 1858 Wealth Management LLC’s holdings in PulteGroup were worth $256,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also added to or reduced their stakes in the company. Algert Global LLC purchased a new stake in shares of PulteGroup during the second quarter worth about $334,000. Czech National Bank grew its stake in PulteGroup by 5.5% during the 3rd quarter. Czech National Bank now owns 42,274 shares of the construction company’s stock valued at $6,068,000 after purchasing an additional 2,191 shares in the last quarter. GAMMA Investing LLC grew its stake in PulteGroup by 17.0% during the 3rd quarter. GAMMA Investing LLC now owns 1,861 shares of the construction company’s stock valued at $267,000 after purchasing an additional 271 shares in the last quarter. Mather Group LLC. increased its holdings in PulteGroup by 7.4% during the 3rd quarter. Mather Group LLC. now owns 1,656 shares of the construction company’s stock worth $238,000 after purchasing an additional 114 shares during the last quarter. Finally, Greenfield Savings Bank raised its position in shares of PulteGroup by 5.5% in the 3rd quarter. Greenfield Savings Bank now owns 6,658 shares of the construction company’s stock valued at $956,000 after purchasing an additional 346 shares in the last quarter. 89.90% of the stock is owned by institutional investors and hedge funds.

PulteGroup Price Performance

Shares of NYSE PHM opened at $110.44 on Wednesday. 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 firm has a market capitalization of $22.65 billion, a PE ratio of 7.51, a P/E/G ratio of 0.49 and a beta of 1.68. PulteGroup, Inc. has a 1-year low of $100.24 and a 1-year high of $149.47. The business’s fifty day moving average price is $117.15 and its two-hundred day moving average price is $127.35.

PulteGroup (NYSE:PHM) last released its quarterly earnings data on Thursday, January 30th. The construction company reported $3.50 earnings per share for the quarter, topping 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, research analysts expect that PulteGroup, Inc. will post 13.34 EPS for the current year.

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 dividend of $0.22 per share. The ex-dividend date of this dividend was Tuesday, December 17th. This is an increase from PulteGroup’s previous quarterly dividend of $0.20. This represents a $0.88 annualized dividend and a dividend yield of 0.80%. PulteGroup’s payout ratio is currently 5.98%.

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

Wall Street Analyst Weigh In

PHM has been the subject of a number of recent analyst reports. Seaport Res Ptn downgraded shares of PulteGroup from a “hold” rating to a “strong sell” rating in a research report on Monday, January 27th. BTIG Research raised their price objective on shares of PulteGroup from $139.00 to $156.00 and gave the stock a “buy” rating in a report on Wednesday, October 23rd. UBS Group upped their target price on shares of PulteGroup from $148.00 to $151.00 and gave the company a “buy” rating in a research note on Friday, January 31st. StockNews.com cut shares of PulteGroup from a “buy” rating to a “hold” rating in a research report on Wednesday, December 11th. Finally, Wells Fargo & Company lowered their price objective on PulteGroup from $165.00 to $140.00 and set an “overweight” rating for the company in a report on Tuesday, December 17th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and eleven have given a buy rating to the company’s stock. According to MarketBeat.com, PulteGroup currently has a consensus rating of “Moderate Buy” and a consensus target price of $140.86.

About PulteGroup

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.