PulteGroup, Inc. $PHM Shares Sold by Natixis Advisors LLC

Natixis Advisors LLC decreased its position in shares of PulteGroup, Inc. (NYSE:PHM) by 3.8% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 142,211 shares of the construction company’s stock after selling 5,583 shares during the quarter. Natixis Advisors LLC’s holdings in PulteGroup were worth $16,676,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently added to or reduced their stakes in the company. Rachor Investment Advisory Services LLC acquired a new position in PulteGroup during the fourth quarter worth approximately $31,000. Lloyd Advisory Services LLC. acquired a new position in PulteGroup during the fourth quarter worth approximately $33,000. High Point Wealth Management LLC acquired a new position in PulteGroup during the fourth quarter worth approximately $38,000. Beacon Financial Strategies CORP acquired a new position in PulteGroup during the fourth quarter worth approximately $40,000. Finally, Elyxium Wealth LLC acquired a new position in PulteGroup during the fourth quarter worth approximately $41,000. Institutional investors and hedge funds own 89.90% of the company’s stock.

PulteGroup Stock Up 0.3%

PulteGroup stock opened at $118.58 on Friday. The company has a debt-to-equity ratio of 0.14, a current ratio of 0.94 and a quick ratio of 0.94. PulteGroup, Inc. has a 1-year low of $98.27 and a 1-year high of $144.49. The company has a market cap of $22.59 billion, a PE ratio of 11.47, a price-to-earnings-growth ratio of 1.50 and a beta of 1.20. The stock’s 50 day moving average price is $119.08 and its 200 day moving average price is $123.96.

PulteGroup (NYSE:PHM) last posted its quarterly earnings results on Thursday, April 23rd. The construction company reported $1.79 earnings per share 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 last year, the firm earned $2.57 earnings per share. The firm’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 EPS for the current fiscal year.

PulteGroup announced that its board has authorized a share buyback plan on Thursday, April 23rd that allows the company to repurchase $1.50 billion in outstanding shares. This repurchase authorization allows the construction company to repurchase up to 6.1% of its stock through open market purchases. Stock repurchase plans are usually an indication that the company’s board of directors believes its shares are undervalued.

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 paid 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 payout ratio is 10.06%.

Insider Buying and Selling

In related news, COO Matthew William Koart sold 7,457 shares of PulteGroup stock in a transaction that occurred on Wednesday, May 27th. The stock was sold at an average price of $120.00, for a total value of $894,840.00. Following the sale, the chief operating officer directly owned 28,100 shares in the company, valued at $3,372,000. The trade was a 20.97% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Lila Snyder sold 3,339 shares of PulteGroup stock in a transaction that occurred on 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 sale, the director owned 3,540 shares in the company, valued at approximately $414,817.20. This trade represents a 48.54% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 0.75% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

Several research firms have commented on PHM. Wells Fargo & Company lifted their price target on PulteGroup from $132.00 to $140.00 and gave the stock an “overweight” rating in a research report on Friday, April 24th. Oppenheimer reiterated an “outperform” rating on shares of PulteGroup in a research note on Tuesday, May 26th. Evercore lifted their target price on PulteGroup from $146.00 to $151.00 and gave the company an “outperform” rating in a research note on Friday, April 24th. Seaport Research Partners reiterated a “sell” rating and issued a $100.00 target price (down from $155.00) on shares of PulteGroup in a research note on Tuesday, April 7th. Finally, Truist Financial lowered their target price on PulteGroup from $170.00 to $150.00 and set a “buy” rating on the stock in a research note on Thursday, April 16th. Ten investment analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company’s stock. According to data from MarketBeat.com, PulteGroup presently has a consensus rating of “Moderate Buy” and a consensus price target of $140.71.

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.