PulteGroup, Inc. $PHM Shares Bought by Captrust Financial Advisors

Captrust Financial Advisors raised its holdings in PulteGroup, Inc. (NYSE:PHM) by 1.5% in the fourth quarter, Holdings Channel.com reports. The fund owned 1,077,664 shares of the construction company’s stock after acquiring an additional 16,287 shares during the period. Captrust Financial Advisors’ holdings in PulteGroup were worth $126,367,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Rachor Investment Advisory Services LLC acquired a new stake in PulteGroup in the 4th quarter valued at about $31,000. Lloyd Advisory Services LLC. purchased a new stake in PulteGroup during the fourth quarter valued at about $33,000. High Point Wealth Management LLC acquired a new position in shares of PulteGroup in the fourth quarter worth about $38,000. Beacon Financial Strategies CORP acquired a new position in shares of PulteGroup in the fourth quarter worth about $40,000. Finally, Elyxium Wealth LLC acquired a new position in shares of PulteGroup in the fourth quarter worth about $41,000. 89.90% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research analysts have commented on PHM shares. Barclays decreased their target price on shares of PulteGroup from $115.00 to $112.00 and set an “equal weight” rating for the company in a report on Wednesday, April 8th. Evercore raised their target price on shares of PulteGroup from $146.00 to $151.00 and gave the stock an “outperform” rating in a report on Friday, April 24th. Truist Financial decreased their target price on shares of PulteGroup from $170.00 to $150.00 and set a “buy” rating for the company in a report on Thursday, April 16th. Citigroup raised their target price on shares of PulteGroup from $136.00 to $138.00 and gave the stock a “neutral” rating in a report on Friday, April 24th. Finally, Seaport Research Partners reiterated a “sell” rating and issued a $100.00 target price (down from $155.00) on shares of PulteGroup in a report on Tuesday, April 7th. Ten analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $140.71.

Insider Transactions at PulteGroup

In other news, COO Matthew William Koart sold 7,457 shares of the company’s stock in a transaction dated Wednesday, May 27th. The stock was sold at an average price of $120.00, for a total value of $894,840.00. Following the transaction, the chief operating officer owned 28,100 shares in the company, valued at $3,372,000. This represents a 20.97% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, 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 value of $391,264.02. Following the completion of the transaction, the director owned 3,540 shares in the company, valued at $414,817.20. This represents a 48.54% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 0.75% of the stock is owned by corporate insiders.

PulteGroup Price Performance

Shares of PHM opened at $124.74 on Wednesday. The company has a market capitalization of $23.76 billion, a price-to-earnings ratio of 12.06, a P/E/G ratio of 1.56 and a beta of 1.20. PulteGroup, Inc. has a fifty-two week low of $98.27 and a fifty-two week 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 business’s 50-day moving average is $119.86 and its 200-day moving average is $124.17.

PulteGroup (NYSE:PHM) last issued its 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). The business had revenue of $3.41 billion during the quarter, compared to analyst estimates of $3.40 billion. PulteGroup had a net margin of 12.14% and a return on equity of 16.41%. PulteGroup’s revenue for the quarter was down 12.4% on a year-over-year basis. During the same quarter in the prior year, the company earned $2.57 EPS. Equities research analysts expect that PulteGroup, Inc. will post 10 EPS for the current fiscal year.

PulteGroup Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, July 2nd. Stockholders of record on Tuesday, June 16th will be issued 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 0.8%. PulteGroup’s dividend payout ratio is currently 10.06%.

PulteGroup declared that its Board of Directors has authorized a share repurchase 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 reacquire up to 6.1% of its stock through open market purchases. Stock repurchase plans are often a sign that the company’s board of directors believes its shares are undervalued.

About PulteGroup

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.