124,335 Shares in PulteGroup, Inc. $PHM Bought by United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund

United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund bought a new position in shares of PulteGroup, Inc. (NYSE:PHM) during the 4th quarter, according to its most recent 13F filing with the SEC. The fund bought 124,335 shares of the construction company’s stock, valued at approximately $14,580,000.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Rachor Investment Advisory Services LLC purchased a new position in PulteGroup during the 4th quarter worth $31,000. Lloyd Advisory Services LLC. purchased a new stake in shares of PulteGroup during the fourth quarter valued at $33,000. High Point Wealth Management LLC purchased a new stake in shares of PulteGroup during the fourth quarter valued at $38,000. Beacon Financial Strategies CORP purchased a new stake in shares of PulteGroup during the fourth quarter valued at $40,000. Finally, Elyxium Wealth LLC purchased a new stake in shares of PulteGroup during the fourth quarter valued at $41,000. 89.90% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, Director Lila Snyder sold 3,339 shares of the company’s stock in a transaction dated Friday, May 8th. The shares were sold at an average price of $117.18, for a total transaction of $391,264.02. Following the completion of the sale, the director owned 3,540 shares of the company’s stock, valued at approximately $414,817.20. This 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, COO Matthew William Koart sold 7,457 shares of the stock in a transaction that occurred on Wednesday, May 27th. The shares were sold at an average price of $120.00, for a total value of $894,840.00. Following the completion of the sale, the chief operating officer directly owned 28,100 shares of the company’s stock, valued at approximately $3,372,000. This represents a 20.97% decrease in their position. The SEC filing for this sale provides additional information. 0.75% of the stock is owned by corporate insiders.

PulteGroup Stock Performance

Shares of PHM stock opened at $118.00 on Friday. The company has a market capitalization of $22.48 billion, a P/E ratio of 11.41, a P/E/G ratio of 1.51 and a beta of 1.23. The business’s 50 day moving average is $119.00 and its two-hundred day moving average is $124.06. The company has a current ratio of 0.94, a quick ratio of 0.94 and a debt-to-equity ratio of 0.14. PulteGroup, Inc. has a 12-month low of $95.20 and a 12-month high of $144.49.

PulteGroup (NYSE:PHM) last issued its quarterly earnings results on Thursday, April 23rd. The construction company reported $1.79 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.80 by ($0.01). The business had revenue of $3.41 billion for the quarter, compared to analysts’ expectations of $3.40 billion. PulteGroup had a return on equity of 16.41% and a net margin of 12.14%.The business’s revenue for the quarter was down 12.4% compared to the same quarter last year. During the same quarter in the prior year, the company posted $2.57 EPS. Analysts expect that PulteGroup, Inc. will post 10 EPS for the current fiscal year.

PulteGroup announced that its board has approved a stock repurchase plan on Thursday, April 23rd that authorizes the company to repurchase $1.50 billion in shares. This repurchase authorization authorizes the construction company to reacquire up to 6.1% of its shares through open market purchases. Shares repurchase plans are usually an indication that the company’s board believes its shares are undervalued.

PulteGroup Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, July 2nd. Shareholders of record on Tuesday, June 16th will be issued a dividend of $0.26 per share. The ex-dividend date of this dividend is Tuesday, June 16th. This represents a $1.04 dividend on an annualized basis and a dividend yield of 0.9%. PulteGroup’s dividend payout ratio is presently 10.06%.

Wall Street Analyst Weigh In

PHM has been the topic of several research analyst reports. The Goldman Sachs Group boosted their price target on PulteGroup from $133.00 to $142.00 and gave the company a “neutral” rating in a research note on Friday, April 24th. Barclays dropped their price target on PulteGroup from $115.00 to $112.00 and set an “equal weight” rating on the stock in a research note on Wednesday, April 8th. Oppenheimer reiterated an “outperform” rating on shares of PulteGroup in a research note on Tuesday. Truist Financial dropped their price target on PulteGroup from $170.00 to $150.00 and set a “buy” rating on the stock in a research note on Thursday, April 16th. Finally, Seaport Research Partners reiterated a “sell” rating and set a $100.00 price target (down from $155.00) on shares of PulteGroup in a research note on Tuesday, April 7th. Ten analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, PulteGroup presently has a consensus rating of “Moderate Buy” and an average target price of $140.71.

PulteGroup Company 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.