PulteGroup, Inc. (NYSE:PHM) Holdings Boosted by TD Waterhouse Canada Inc.

TD Waterhouse Canada Inc. boosted its holdings in PulteGroup, Inc. (NYSE:PHM) by 43.0% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 349 shares of the construction company’s stock after acquiring an additional 105 shares during the period. TD Waterhouse Canada Inc.’s holdings in PulteGroup were worth $38,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. Hager Investment Management Services LLC bought a new stake in shares of PulteGroup during the fourth quarter valued at approximately $29,000. Fortitude Family Office LLC raised its holdings in shares of PulteGroup by 74.1% during the fourth quarter. Fortitude Family Office LLC now owns 322 shares of the construction company’s stock valued at $35,000 after buying an additional 137 shares during the last quarter. R Squared Ltd bought a new stake in shares of PulteGroup during the fourth quarter valued at approximately $39,000. Thurston Springer Miller Herd & Titak Inc. raised its holdings in shares of PulteGroup by 41.9% during the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 444 shares of the construction company’s stock valued at $48,000 after buying an additional 131 shares during the last quarter. Finally, Oakworth Capital Inc. raised its holdings in shares of PulteGroup by 642.2% during the fourth quarter. Oakworth Capital Inc. now owns 475 shares of the construction company’s stock valued at $52,000 after buying an additional 411 shares during the last quarter. Institutional investors own 89.90% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on PHM shares. Wedbush reaffirmed an “outperform” rating and set a $135.00 price target on shares of PulteGroup in a report on Tuesday, April 22nd. Seaport Res Ptn upgraded PulteGroup from a “strong sell” rating to a “hold” rating in a research report on Thursday, March 6th. UBS Group cut their price objective on PulteGroup from $151.00 to $141.00 and set a “buy” rating for the company in a report on Wednesday, April 23rd. Evercore ISI raised their target price on PulteGroup from $161.00 to $165.00 and gave the company an “outperform” rating in a research note on Wednesday, April 23rd. Finally, Wells Fargo & Company decreased their target price on PulteGroup from $140.00 to $120.00 and set an “overweight” rating for the company in a research note on Monday, April 14th. Seven research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $134.69.

PulteGroup Trading Up 0.6 %

NYSE:PHM opened at $102.51 on Tuesday. The company has a quick ratio of 0.86, a current ratio of 0.86 and a debt-to-equity ratio of 0.13. PulteGroup, Inc. has a 1-year low of $88.07 and a 1-year high of $149.47. The firm has a market capitalization of $20.55 billion, a price-to-earnings ratio of 6.97, a price-to-earnings-growth ratio of 0.29 and a beta of 1.44. The stock has a fifty day simple moving average of $101.33 and a 200 day simple moving average of $114.39.

PulteGroup (NYSE:PHM) last announced its quarterly earnings data on Tuesday, April 22nd. The construction company reported $2.57 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.47 by $0.10. The firm had revenue of $3.89 billion during the quarter, compared to the consensus estimate of $3.86 billion. PulteGroup had a return on equity of 24.43% and a net margin of 17.18%. During the same period in the prior year, the business earned $3.10 EPS. Sell-side analysts forecast that PulteGroup, Inc. will post 12.32 earnings per share for the current year.

PulteGroup Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, April 2nd. Investors of record on Tuesday, March 18th were paid a $0.22 dividend. This represents a $0.88 annualized dividend and a yield of 0.86%. The ex-dividend date of this dividend was Tuesday, March 18th. PulteGroup’s dividend payout ratio is currently 6.21%.

PulteGroup announced that its Board of Directors has initiated a stock buyback plan on Thursday, January 30th that permits the company to buyback $1.50 billion in shares. This buyback authorization permits the construction company to repurchase up to 6.2% of its stock through open market purchases. Stock buyback plans are often an indication that the company’s board of directors believes its shares are undervalued.

Insider Buying and Selling

In related news, EVP Todd N. Sheldon sold 15,191 shares of the stock in a transaction dated Thursday, February 13th. The stock was sold at an average price of $106.50, for a total value of $1,617,841.50. Following the completion of the sale, the executive vice president now directly owns 74,758 shares of the company’s stock, valued at approximately $7,961,727. This represents a 16.89 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Brian P. Anderson sold 2,500 shares of PulteGroup stock in a transaction dated Monday, February 10th. The shares were sold at an average price of $106.45, for a total value of $266,125.00. Following the sale, the director now owns 56,617 shares of the company’s stock, valued at approximately $6,026,879.65. This represents a 4.23 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 21,191 shares of company stock valued at $2,256,367. Corporate insiders own 0.76% of the company’s stock.

PulteGroup Company Profile

PulteGroup, Inc, through its subsidiaries, primarily engages in the homebuilding business in the United States. It acquires and develops land primarily for residential purposes; and constructs housing on such land. The company also offers various home designs, including single-family detached, townhomes, condominiums, and duplexes under the Centex, Pulte Homes, Del Webb, DiVosta Homes, John Wieland Homes and Neighborhoods, and American West brand names.