Natixis Advisors LLC Cuts Stake in PulteGroup, Inc. $PHM

Natixis Advisors LLC reduced its holdings in shares of PulteGroup, Inc. (NYSE:PHM) by 3.8% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 142,211 shares of the construction company’s stock after selling 5,583 shares during the period. Natixis Advisors LLC owned about 0.07% of PulteGroup worth $16,676,000 at the end of the most recent quarter.

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

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on PHM shares. Bank of America reduced their price target on PulteGroup from $145.00 to $140.00 and set a “buy” rating on the stock in a research report on Monday, April 20th. Evercore increased their price target on PulteGroup from $146.00 to $151.00 and gave the company an “outperform” rating in a research report on Friday, April 24th. Truist Financial reduced their price target on PulteGroup from $170.00 to $150.00 and set a “buy” rating on the stock in a research report on Thursday, April 16th. Weiss Ratings lowered PulteGroup from a “buy (b-)” rating to a “hold (c)” rating in a research report on Monday, April 27th. Finally, Barclays reduced their price target on PulteGroup from $115.00 to $112.00 and set an “equal weight” rating on the stock in a research report on Wednesday, April 8th. Ten analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $140.71.

Insider Transactions at PulteGroup

In other news, COO Matthew William Koart sold 7,457 shares of the stock in a transaction dated Wednesday, May 27th. The stock was sold at an average price of $120.00, for a total value of $894,840.00. Following the transaction, the chief operating officer owned 28,100 shares in the company, valued at approximately $3,372,000. This represents a 20.97% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Lila Snyder sold 3,339 shares of the stock in a transaction dated Friday, May 8th. The shares were sold at an average price of $117.18, for a total value of $391,264.02. Following the completion of the transaction, the director owned 3,540 shares in the company, valued at approximately $414,817.20. The trade was a 48.54% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Corporate insiders own 0.75% of the company’s stock.

PulteGroup Trading Up 0.3%

PHM opened at $118.58 on Friday. PulteGroup, Inc. has a one year low of $98.27 and a one year high of $144.49. The company has a market cap of $22.59 billion, a P/E ratio of 11.47, a PEG ratio of 1.50 and a beta of 1.20. The company has a debt-to-equity ratio of 0.14, a quick ratio of 0.94 and a current ratio of 0.94. The business’s 50-day simple moving average is $119.08 and its 200-day simple moving average is $123.96.

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

PulteGroup Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, July 2nd. Stockholders of record on Tuesday, June 16th will be issued a $0.26 dividend. The ex-dividend date 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%.

PulteGroup declared that its board has approved a stock repurchase program on Thursday, April 23rd that permits the company to buyback $1.50 billion in outstanding shares. This buyback authorization permits the construction company to buy up to 6.1% of its shares through open market purchases. Shares buyback programs are typically an indication that the company’s leadership believes its stock is undervalued.

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.