Orion Porfolio Solutions LLC Grows Position in PulteGroup, Inc. $PHM

Orion Porfolio Solutions LLC grew its position in PulteGroup, Inc. (NYSE:PHM) by 18.2% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 44,690 shares of the construction company’s stock after purchasing an additional 6,884 shares during the period. Orion Porfolio Solutions LLC’s holdings in PulteGroup were worth $5,905,000 as of its most recent SEC filing.

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

Insider Transactions at PulteGroup

In other PulteGroup news, 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 value of $542,040.00. Following the transaction, the vice president owned 8,601 shares in the company, valued at $1,165,521.51. The trade was a 31.74% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Ryan Marshall sold 111,250 shares of the company’s stock in a transaction dated 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 completion of the transaction, the insider directly owned 659,392 shares of the company’s stock, valued at approximately $88,266,213.12. The trade was a 14.44% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 149,952 shares of company stock worth $20,162,165 over the last three months. Insiders own 0.76% of the company’s stock.

PulteGroup Trading Down 1.3%

PHM opened at $127.95 on Friday. The firm’s 50 day moving average is $130.60 and its 200-day moving average is $127.71. PulteGroup, Inc. has a 52-week low of $88.07 and a 52-week high of $144.49. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 0.13. The firm has a market capitalization of $24.61 billion, a P/E ratio of 11.51, a P/E/G ratio of 1.49 and a beta of 1.32.

PulteGroup Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, April 2nd. Investors of record on Tuesday, March 17th will be paid a dividend of $0.26 per share. The ex-dividend date of this dividend is Tuesday, March 17th. This represents a $1.04 annualized dividend and a yield of 0.8%. PulteGroup’s payout ratio is 9.35%.

Analyst Ratings Changes

A number of equities analysts have recently commented on PHM shares. Wells Fargo & Company raised their target price on shares of PulteGroup from $132.00 to $150.00 and gave the company an “overweight” rating in a research note on Wednesday, January 14th. The Goldman Sachs Group upped their price target on shares of PulteGroup from $144.00 to $150.00 and gave the stock a “neutral” rating in a research report on Tuesday, February 17th. Citigroup increased their price target on PulteGroup from $128.00 to $136.00 and gave the company a “neutral” rating in a report on Tuesday, February 3rd. Royal Bank Of Canada raised their price objective on PulteGroup from $111.00 to $115.00 and gave the company a “sector perform” rating in a research report on Friday, January 30th. Finally, Weiss Ratings upgraded PulteGroup from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Monday, January 12th. One equities research analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating, six have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $142.71.

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.