1,542 Shares in PulteGroup, Inc. (NYSE:PHM) Acquired by Park Square Financial Group LLC

Park Square Financial Group LLC bought a new position in shares of PulteGroup, Inc. (NYSE:PHM) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 1,542 shares of the construction company’s stock, valued at approximately $168,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of PHM. RFG Advisory LLC lifted its position in shares of PulteGroup by 45.9% in the 4th quarter. RFG Advisory LLC now owns 2,153 shares of the construction company’s stock valued at $234,000 after acquiring an additional 677 shares in the last quarter. Exchange Traded Concepts LLC grew its position in PulteGroup by 38.2% during the fourth quarter. Exchange Traded Concepts LLC now owns 7,046 shares of the construction company’s stock valued at $767,000 after purchasing an additional 1,948 shares in the last quarter. Blue Trust Inc. raised its holdings in shares of PulteGroup by 44.5% during the 4th quarter. Blue Trust Inc. now owns 8,589 shares of the construction company’s stock valued at $935,000 after purchasing an additional 2,644 shares in the last quarter. Pacer Advisors Inc. raised its holdings in shares of PulteGroup by 31.5% during the 4th quarter. Pacer Advisors Inc. now owns 43,431 shares of the construction company’s stock valued at $4,730,000 after purchasing an additional 10,416 shares in the last quarter. Finally, Nilsine Partners LLC raised its holdings in shares of PulteGroup by 929.2% during the 4th quarter. Nilsine Partners LLC now owns 20,574 shares of the construction company’s stock valued at $2,240,000 after purchasing an additional 18,575 shares in the last quarter. Institutional investors and hedge funds own 89.90% of the company’s stock.

PulteGroup Trading Up 2.4%

PHM opened at $100.57 on Wednesday. The company has a current ratio of 0.86, a quick ratio of 0.86 and a debt-to-equity ratio of 0.13. The stock has a market capitalization of $20.16 billion, a PE ratio of 6.84, a PEG ratio of 0.29 and a beta of 1.37. PulteGroup, Inc. has a 1-year low of $88.07 and a 1-year high of $149.47. The firm has a 50-day moving average price of $100.32 and a two-hundred day moving average price of $109.62.

PulteGroup (NYSE:PHM) last released its quarterly earnings data on Tuesday, April 22nd. The construction company reported $2.57 earnings per share for the quarter, topping the consensus estimate of $2.47 by $0.10. PulteGroup had a net margin of 17.18% and a return on equity of 24.43%. The business had revenue of $3.89 billion for the quarter, compared to analyst estimates of $3.86 billion. During the same quarter last year, the firm earned $3.10 EPS. As a group, equities analysts anticipate that PulteGroup, Inc. will post 12.32 earnings per share for the current fiscal year.

PulteGroup declared that its Board of Directors has authorized a share buyback plan on Thursday, January 30th that authorizes the company to repurchase $1.50 billion in outstanding shares. This repurchase authorization authorizes the construction company to buy up to 6.2% of its shares through open market purchases. Shares repurchase plans are usually an indication that the company’s board believes its stock is undervalued.

PulteGroup Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, July 2nd. Shareholders of record on Tuesday, June 17th will be paid a $0.22 dividend. This represents a $0.88 dividend on an annualized basis and a yield of 0.88%. The ex-dividend date is Tuesday, June 17th. PulteGroup’s payout ratio is currently 6.21%.

Wall Street Analyst Weigh In

PHM has been the subject of several recent analyst reports. Seaport Res Ptn raised shares of PulteGroup from a “strong sell” rating to a “hold” rating in a report on Thursday, March 6th. Royal Bank of Canada dropped their price objective on shares of PulteGroup from $116.00 to $109.00 and set a “sector perform” rating on the stock in a report on Wednesday, April 23rd. Wedbush restated an “outperform” rating and set a $135.00 price objective on shares of PulteGroup in a report on Tuesday, April 22nd. Barclays reduced their price objective on shares of PulteGroup from $100.00 to $98.00 and set an “equal weight” rating for the company in a report on Wednesday, April 23rd. Finally, UBS Group reduced their price objective on shares of PulteGroup from $151.00 to $141.00 and set a “buy” rating for the company in a report on Wednesday, April 23rd. Seven analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. Based on data from MarketBeat.com, PulteGroup currently has a consensus rating of “Moderate Buy” and a consensus price target of $134.69.

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.