PulteGroup, Inc. $PHM Shares Acquired by Kestra Private Wealth Services LLC

Kestra Private Wealth Services LLC increased its holdings in PulteGroup, Inc. (NYSE:PHM) by 173.3% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 8,089 shares of the construction company’s stock after purchasing an additional 5,129 shares during the period. Kestra Private Wealth Services LLC’s holdings in PulteGroup were worth $949,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. High Point Wealth Management LLC purchased a new stake in PulteGroup in the 4th quarter valued at about $38,000. Beacon Financial Strategies CORP purchased a new position in shares of PulteGroup during the 4th quarter worth about $40,000. True Wealth Design LLC boosted its position in shares of PulteGroup by 229.6% in the third quarter. True Wealth Design LLC now owns 356 shares of the construction company’s stock worth $47,000 after acquiring an additional 248 shares during the last quarter. Fulcrum Asset Management LLP acquired a new stake in shares of PulteGroup in the third quarter worth approximately $47,000. Finally, SJS Investment Consulting Inc. grew its holdings in PulteGroup by 1,423.1% in the third quarter. SJS Investment Consulting Inc. now owns 396 shares of the construction company’s stock valued at $52,000 after purchasing an additional 370 shares during the period. 89.90% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several brokerages recently commented on PHM. 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. The Goldman Sachs Group boosted their price objective on shares of PulteGroup from $133.00 to $142.00 and gave the company a “neutral” rating in a research note on Friday, April 24th. Zacks Research upgraded PulteGroup from a “strong sell” rating to a “hold” rating in a report on Monday, April 13th. Citizens Jmp began coverage on PulteGroup in a research report on Wednesday, January 7th. They issued a “market outperform” rating and a $145.00 target price on the stock. Finally, UBS Group lifted their target price on PulteGroup from $159.00 to $162.00 and gave the company a “buy” rating in a report on Friday, April 24th. Ten investment analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company. According to data from MarketBeat.com, PulteGroup currently has a consensus rating of “Moderate Buy” and a consensus target price of $140.71.

Insider Transactions at PulteGroup

In related news, EVP Kevin A. Henry sold 5,173 shares of the stock in a transaction 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 sale, the executive vice president directly owned 14,673 shares in the company, valued at approximately $2,069,333.19. This represents a 26.07% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Brien P. O’meara sold 4,000 shares of the firm’s stock in a transaction dated Friday, February 6th. The shares were sold at an average price of $135.51, for a total value of $542,040.00. Following the completion of the transaction, 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 ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 149,952 shares of company stock worth $20,162,165 in the last quarter. 0.75% of the stock is owned by corporate insiders.

PulteGroup Trading Down 2.4%

NYSE PHM opened at $119.44 on Friday. The firm has a market capitalization of $22.75 billion, a price-to-earnings ratio of 11.55, a PEG ratio of 1.51 and a beta of 1.24. The company has a debt-to-equity ratio of 0.14, a quick ratio of 0.94 and a current ratio of 0.94. PulteGroup, Inc. has a one year low of $95.20 and a one year high of $144.49. The company’s 50 day moving average price is $124.18 and its 200 day moving average price is $124.71.

PulteGroup (NYSE:PHM) last released its quarterly earnings data on Thursday, April 23rd. The construction company reported $1.79 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.80 by ($0.01). PulteGroup had a return on equity of 16.41% and a net margin of 12.14%.The business had revenue of $3.41 billion for the quarter, compared to analysts’ expectations of $3.40 billion. During the same quarter in the prior year, the firm earned $2.57 earnings per share. PulteGroup’s quarterly revenue was down 12.4% compared to the same quarter last year. On average, sell-side analysts predict that PulteGroup, Inc. will post 10.02 EPS for the current year.

PulteGroup Announces Dividend

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

PulteGroup declared that its board has authorized a share buyback program 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 stock through open market purchases. Stock repurchase programs are generally an indication that the company’s leadership believes its shares are undervalued.

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.