Ritholtz Wealth Management Buys 27,590 Shares of PulteGroup, Inc. $PHM

Ritholtz Wealth Management increased its stake in PulteGroup, Inc. (NYSE:PHM) by 43.2% in the fourth quarter, HoldingsChannel reports. The fund owned 91,473 shares of the construction company’s stock after purchasing an additional 27,590 shares during the period. Ritholtz Wealth Management’s holdings in PulteGroup were worth $10,726,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. Premier Path Wealth Partners LLC lifted its stake in shares of PulteGroup by 5.4% in the 4th quarter. Premier Path Wealth Partners LLC now owns 1,993 shares of the construction company’s stock valued at $234,000 after acquiring an additional 103 shares during the last quarter. V Square Quantitative Management LLC bought a new stake in shares of PulteGroup in the 4th quarter valued at about $676,000. Personal CFO Solutions LLC lifted its stake in shares of PulteGroup by 23.8% in the 4th quarter. Personal CFO Solutions LLC now owns 2,317 shares of the construction company’s stock valued at $272,000 after acquiring an additional 446 shares during the last quarter. Prime Capital Investment Advisors LLC bought a new stake in shares of PulteGroup in the 4th quarter valued at about $235,000. Finally, Oak Thistle LLC lifted its stake in shares of PulteGroup by 58.2% in the 4th quarter. Oak Thistle LLC now owns 13,943 shares of the construction company’s stock valued at $1,635,000 after acquiring an additional 5,128 shares during the last quarter. Institutional investors own 89.90% of the company’s stock.

Insider Transactions at PulteGroup

In other news, insider Ryan Marshall sold 111,250 shares of the stock in a transaction that occurred on Thursday, February 5th. The stock was sold at an average price of $133.86, for a total value of $14,891,925.00. Following the completion of the transaction, the insider owned 659,392 shares of the company’s stock, valued at approximately $88,266,213.12. This represents a 14.44% 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 stock in a transaction that occurred on Tuesday, February 24th. The stock was sold at an average price of $141.03, for a total value of $729,548.19. Following the completion of the transaction, the executive vice president directly owned 14,673 shares of the company’s stock, valued at $2,069,333.19. This represents a 26.07% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last three months, insiders have sold 149,952 shares of company stock worth $20,162,165. 0.75% of the stock is owned by insiders.

Wall Street Analyst Weigh In

A number of research firms have commented on PHM. The Goldman Sachs Group lowered their price target on PulteGroup from $150.00 to $133.00 and set a “neutral” rating for the company in a research report on Friday. Wall Street Zen raised PulteGroup from a “sell” rating to a “hold” rating in a research report on Sunday, January 11th. Weiss Ratings raised PulteGroup from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Monday, January 12th. Zacks Research lowered PulteGroup from a “hold” rating to a “strong sell” rating in a research report on Monday, January 26th. Finally, Raymond James Financial reaffirmed an “outperform” rating and set a $145.00 price target on shares of PulteGroup in a research report on Wednesday, February 4th. One investment analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating, six have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $140.00.

PulteGroup Trading Down 1.5%

PHM opened at $120.37 on Friday. The business has a 50 day simple moving average of $127.51 and a two-hundred day simple moving average of $125.22. The firm has a market capitalization of $23.06 billion, a price-to-earnings ratio of 10.82, a PEG ratio of 1.42 and a beta of 1.33. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.01 and a quick ratio of 1.01. PulteGroup, Inc. has a one year low of $89.81 and a one year high of $144.49.

PulteGroup Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, April 2nd. Stockholders of record on Tuesday, March 17th were given a $0.26 dividend. The ex-dividend date of this dividend was Tuesday, March 17th. This represents a $1.04 annualized dividend and a dividend yield of 0.9%. PulteGroup’s dividend payout ratio is currently 9.35%.

PulteGroup 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.