Integrated Advisors Network LLC Takes Position in PulteGroup, Inc. $PHM

Integrated Advisors Network LLC acquired a new position in shares of PulteGroup, Inc. (NYSE:PHM) in the 1st quarter, Holdings Channel reports. The fund acquired 33,060 shares of the construction company’s stock, valued at approximately $3,888,000.

Several other institutional investors also recently modified their holdings of PHM. Rachor Investment Advisory Services LLC purchased a new stake in PulteGroup in the fourth quarter valued at approximately $31,000. HHM Wealth Advisors LLC lifted its position in PulteGroup by 158.5% during the first quarter. HHM Wealth Advisors LLC now owns 274 shares of the construction company’s stock valued at $32,000 after purchasing an additional 168 shares during the last quarter. DV Equities LLC purchased a new position in PulteGroup in the 4th quarter worth approximately $32,000. Lloyd Advisory Services LLC. purchased a new position in PulteGroup in the 4th quarter worth approximately $33,000. Finally, High Point Wealth Management LLC bought a new position in shares of PulteGroup in the 4th quarter worth $38,000. 89.90% of the stock is currently owned by institutional investors.

PulteGroup Price Performance

NYSE PHM traded down $0.30 on Tuesday, reaching $131.08. 176,251 shares of the company’s stock traded hands, compared to its average volume of 1,861,425. PulteGroup, Inc. has a 12 month low of $107.16 and a 12 month high of $144.49. The company has a debt-to-equity ratio of 0.14, a current ratio of 0.94 and a quick ratio of 0.94. The stock has a 50-day simple moving average of $122.25 and a 200 day simple moving average of $124.66. The stock has a market cap of $24.97 billion, a PE ratio of 12.68, a P/E/G ratio of 1.70 and a beta of 1.18.

PulteGroup (NYSE:PHM) last posted its quarterly earnings results on Thursday, April 23rd. The construction company reported $1.79 EPS for the quarter, missing the consensus estimate 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 company’s revenue was down 12.4% compared to the same quarter last year. During the same period last year, the business posted $2.57 earnings per share. As a group, research analysts predict that PulteGroup, Inc. will post 9.95 earnings per share for the current year.

PulteGroup announced that its Board of Directors has authorized a stock repurchase plan on Thursday, April 23rd that authorizes the company to buyback $1.50 billion in shares. This buyback authorization authorizes the construction company to purchase up to 6.1% of its stock through open market purchases. Stock buyback plans are often a sign that the company’s board of directors believes its stock is undervalued.

PulteGroup Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, July 2nd. Investors of record on Tuesday, June 16th were issued a dividend of $0.26 per share. The ex-dividend date of this dividend was Tuesday, June 16th. This represents a $1.04 annualized dividend and a dividend yield of 0.8%. PulteGroup’s dividend payout ratio (DPR) is currently 10.06%.

Insiders Place Their Bets

In other PulteGroup 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 directly owned 3,540 shares in the company, valued at $414,817.20. This represents a 48.54% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, COO Matthew William Koart sold 7,457 shares of the firm’s stock in a transaction dated Wednesday, May 27th. The shares were sold at an average price of $120.00, for a total value of $894,840.00. Following the transaction, the chief operating officer directly owned 28,100 shares in the company, valued at $3,372,000. This trade represents a 20.97% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 0.75% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on PHM. Weiss Ratings cut shares of PulteGroup from a “buy (b-)” rating to a “hold (c)” rating in a research report on Monday, April 27th. Oppenheimer reiterated an “outperform” rating on shares of PulteGroup in a research report on Tuesday, May 26th. Citigroup increased their target price on PulteGroup from $136.00 to $138.00 and gave the company a “neutral” rating in a research note on Friday, April 24th. UBS Group raised their price target on PulteGroup from $159.00 to $162.00 and gave the company a “buy” rating in a research report on Friday, April 24th. Finally, Seaport Research Partners reaffirmed 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 given a Hold rating to the company. Based on data from MarketBeat, PulteGroup presently has an average rating of “Moderate Buy” and a consensus price target of $141.43.

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.