PulteGroup, Inc. (NYSE:PHM) Shares Purchased by Everence Capital Management Inc.

Everence Capital Management Inc. increased its position in shares of PulteGroup, Inc. (NYSE:PHM) by 6.0% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 9,050 shares of the construction company’s stock after acquiring an additional 510 shares during the quarter. Everence Capital Management Inc.’s holdings in PulteGroup were worth $934,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Aprio Wealth Management LLC raised its holdings in PulteGroup by 3.1% in the 4th quarter. Aprio Wealth Management LLC now owns 3,583 shares of the construction company’s stock valued at $370,000 after buying an additional 107 shares during the period. KMG Fiduciary Partners LLC raised its holdings in PulteGroup by 4.1% in the 4th quarter. KMG Fiduciary Partners LLC now owns 3,102 shares of the construction company’s stock valued at $320,000 after buying an additional 121 shares during the period. DNB Asset Management AS raised its holdings in PulteGroup by 0.3% in the 4th quarter. DNB Asset Management AS now owns 43,391 shares of the construction company’s stock valued at $4,479,000 after buying an additional 123 shares during the period. Cascade Investment Advisors Inc. raised its holdings in PulteGroup by 1.6% in the 4th quarter. Cascade Investment Advisors Inc. now owns 8,165 shares of the construction company’s stock valued at $843,000 after buying an additional 125 shares during the period. Finally, Sugarloaf Wealth Management LLC raised its holdings in PulteGroup by 9.2% in the 3rd quarter. Sugarloaf Wealth Management LLC now owns 1,695 shares of the construction company’s stock valued at $126,000 after buying an additional 143 shares during the period. Institutional investors and hedge funds own 89.90% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have issued reports on PHM shares. UBS Group lowered shares of PulteGroup from a “buy” rating to a “neutral” rating and boosted their price target for the stock from $93.00 to $120.00 in a research note on Thursday, January 4th. The Goldman Sachs Group boosted their price target on shares of PulteGroup from $91.00 to $105.00 and gave the stock a “neutral” rating in a research note on Thursday, January 11th. Barclays boosted their price target on shares of PulteGroup from $126.00 to $136.00 and gave the stock an “overweight” rating in a research note on Thursday, April 4th. Royal Bank of Canada boosted their price target on shares of PulteGroup from $103.00 to $106.00 and gave the stock a “sector perform” rating in a research note on Wednesday, January 31st. Finally, StockNews.com lowered shares of PulteGroup from a “buy” rating to a “hold” rating in a research note on Saturday, March 2nd. Six analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $106.47.

PulteGroup Price Performance

PHM stock opened at $106.15 on Thursday. The company has a market capitalization of $22.40 billion, a P/E ratio of 9.04, a PEG ratio of 0.52 and a beta of 1.56. PulteGroup, Inc. has a twelve month low of $61.00 and a twelve month high of $121.07. The business has a 50 day simple moving average of $110.39 and a 200-day simple moving average of $97.77. The company has a current ratio of 0.86, a quick ratio of 0.86 and a debt-to-equity ratio of 0.19.

PulteGroup (NYSE:PHM) last posted its quarterly earnings data on Tuesday, January 30th. The construction company reported $3.28 earnings per share for the quarter, beating the consensus estimate of $3.21 by $0.07. The business had revenue of $4.29 billion during the quarter, compared to the consensus estimate of $4.47 billion. PulteGroup had a return on equity of 25.97% and a net margin of 16.20%. The company’s revenue was down 15.5% compared to the same quarter last year. During the same period in the prior year, the company earned $3.63 earnings per share. As a group, equities analysts anticipate that PulteGroup, Inc. will post 11.79 EPS for the current year.

PulteGroup Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, April 2nd. Stockholders of record on Friday, March 15th were issued a $0.20 dividend. This represents a $0.80 annualized dividend and a dividend yield of 0.75%. The ex-dividend date was Thursday, March 14th. PulteGroup’s payout ratio is currently 6.81%.

PulteGroup declared that its board has initiated a stock buyback program on Tuesday, January 30th that allows the company to repurchase $1.50 billion in shares. This repurchase authorization allows the construction company to buy up to 6.5% of its stock through open market purchases. Stock repurchase programs are usually a sign that the company’s board believes its stock is undervalued.

Insider Transactions at PulteGroup

In other news, VP Brien P. O’meara sold 2,000 shares of the company’s stock in a transaction that occurred on Tuesday, February 6th. The stock was sold at an average price of $103.09, for a total transaction of $206,180.00. Following the completion of the sale, the vice president now owns 15,389 shares in the company, valued at $1,586,452.01. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 0.83% of the company’s stock.

PulteGroup Profile

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.