PulteGroup, Inc. $PHM Position Trimmed by LSV Asset Management

LSV Asset Management decreased its holdings in PulteGroup, Inc. (NYSE:PHM) by 2.8% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 2,826,164 shares of the construction company’s stock after selling 81,028 shares during the quarter. PulteGroup accounts for about 0.8% of LSV Asset Management’s investment portfolio, making the stock its 21st largest position. LSV Asset Management owned approximately 1.45% of PulteGroup worth $373,421,000 as of its most recent filing with the SEC.

Other institutional investors also recently modified their holdings of the company. Private Wealth Management Group LLC grew its holdings in shares of PulteGroup by 281.7% in the 3rd quarter. Private Wealth Management Group LLC now owns 271 shares of the construction company’s stock worth $36,000 after acquiring an additional 200 shares during the last quarter. Twin Peaks Wealth Advisors LLC purchased a new stake in shares of PulteGroup during the second quarter valued at $32,000. Rexford Capital Inc. acquired a new position in shares of PulteGroup in the 2nd quarter valued at $35,000. True Wealth Design LLC increased its stake in PulteGroup by 229.6% in the 3rd quarter. True Wealth Design LLC now owns 356 shares of the construction company’s stock worth $47,000 after purchasing an additional 248 shares in the last quarter. Finally, SJS Investment Consulting Inc. raised its holdings in PulteGroup by 1,423.1% during the 3rd quarter. SJS Investment Consulting Inc. now owns 396 shares of the construction company’s stock worth $52,000 after buying an additional 370 shares during the period. Institutional investors own 89.90% of the company’s stock.

Insider Transactions at PulteGroup

In other PulteGroup news, insider Ryan Marshall sold 111,250 shares of PulteGroup stock in a transaction on Thursday, February 5th. The shares were sold at an average price of $133.86, for a total transaction of $14,891,925.00. Following the sale, the insider owned 659,392 shares in the company, valued at $88,266,213.12. The trade was a 14.44% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, VP Brien P. O’meara sold 4,000 shares of the business’s stock in a transaction on Friday, February 6th. The shares were sold at an average price of $135.51, for a total transaction of $542,040.00. Following the completion of the sale, the vice president directly owned 8,601 shares in the company, valued at $1,165,521.51. This trade represents a 31.74% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 144,779 shares of company stock worth $19,432,616 over the last quarter. 0.76% of the stock is owned by company insiders.

PulteGroup Stock Performance

NYSE PHM opened at $139.22 on Thursday. The company’s fifty day moving average is $125.84 and its two-hundred day moving average is $125.88. PulteGroup, Inc. has a 52-week low of $88.07 and a 52-week high of $142.11. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.01 and a quick ratio of 1.01. The firm has a market capitalization of $26.78 billion, a price-to-earnings ratio of 12.52, a P/E/G ratio of 1.57 and a beta of 1.33.

PulteGroup Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, April 2nd. Shareholders of record on Tuesday, March 17th will be given a $0.26 dividend. The ex-dividend date is Tuesday, March 17th. This represents a $1.04 dividend on an annualized basis and a dividend yield of 0.7%. PulteGroup’s dividend payout ratio (DPR) is currently 9.35%.

Analyst Ratings Changes

A number of equities research analysts have commented on the company. Evercore raised their price objective on PulteGroup from $134.00 to $143.00 in a research report on Friday, January 30th. JPMorgan Chase & Co. decreased their price objective on shares of PulteGroup from $149.00 to $131.00 and set an “overweight” rating for the company in a report on Tuesday, February 3rd. Wells Fargo & Company boosted their price target on PulteGroup from $132.00 to $150.00 and gave the stock an “overweight” rating in a research report on Wednesday, January 14th. Citigroup raised their price objective on PulteGroup from $128.00 to $136.00 and gave the company a “neutral” rating in a research note on Tuesday, February 3rd. Finally, Zacks Research downgraded PulteGroup from a “hold” rating to a “strong sell” rating in a report on Monday, January 26th. Nine equities research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $140.15.

About PulteGroup

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.