Systematic Financial Management LP Sells 4,248 Shares of PulteGroup, Inc. (NYSE:PHM)

Systematic Financial Management LP trimmed its holdings in shares of PulteGroup, Inc. (NYSE:PHM) by 3.3% in the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 126,009 shares of the construction company’s stock after selling 4,248 shares during the quarter. Systematic Financial Management LP owned 0.06% of PulteGroup worth $13,722,000 as of its most recent filing with the SEC.

A number of other large investors have also bought and sold shares of the business. Hager Investment Management Services LLC bought a new position in shares of PulteGroup during the 4th quarter worth approximately $29,000. TD Waterhouse Canada Inc. grew its stake in shares of PulteGroup by 43.0% during the 4th quarter. TD Waterhouse Canada Inc. now owns 349 shares of the construction company’s stock worth $38,000 after acquiring an additional 105 shares in the last quarter. R Squared Ltd bought a new position in shares of PulteGroup during the 4th quarter worth approximately $39,000. Quarry LP bought a new position in shares of PulteGroup during the 4th quarter worth approximately $43,000. Finally, Thurston Springer Miller Herd & Titak Inc. grew its stake in shares of PulteGroup by 41.9% during the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 444 shares of the construction company’s stock worth $48,000 after acquiring an additional 131 shares in the last quarter. 89.90% of the stock is owned by institutional investors.

PulteGroup Stock Performance

Shares of PHM stock opened at $104.34 on Friday. The company has a fifty day moving average price of $100.86 and a two-hundred day moving average price of $111.12. The company has a debt-to-equity ratio of 0.13, a current ratio of 0.86 and a quick ratio of 0.86. The stock has a market cap of $20.91 billion, a P/E ratio of 7.09, a P/E/G ratio of 0.29 and a beta of 1.37. PulteGroup, Inc. has a one year low of $88.07 and a one year high of $149.47.

PulteGroup (NYSE:PHM) last posted its earnings results on Tuesday, April 22nd. The construction company reported $2.57 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.47 by $0.10. The company had revenue of $3.89 billion during the quarter, compared to analysts’ expectations of $3.86 billion. PulteGroup had a net margin of 17.18% and a return on equity of 24.43%. During the same quarter last year, the company posted $3.10 EPS. As a group, equities analysts predict that PulteGroup, Inc. will post 12.32 EPS for the current year.

PulteGroup Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, July 2nd. Stockholders of record on Tuesday, June 17th will be paid a dividend of $0.22 per share. This represents a $0.88 dividend on an annualized basis and a dividend yield of 0.84%. The ex-dividend date of this dividend is Tuesday, June 17th. PulteGroup’s dividend payout ratio is presently 6.21%.

PulteGroup announced that its board has initiated a share repurchase program on Thursday, January 30th that authorizes the company to buyback $1.50 billion in shares. This buyback authorization authorizes the construction company to reacquire up to 6.2% of its stock through open market purchases. Stock buyback programs are often an indication that the company’s board believes its stock is undervalued.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on PHM shares. Bank of America decreased their price target on shares of PulteGroup from $135.00 to $134.00 and set a “buy” rating for the company in a research note on Monday, January 27th. Wedbush reaffirmed an “outperform” rating and set a $135.00 price target on shares of PulteGroup in a research note on Tuesday, April 22nd. Evercore ISI increased their price objective on PulteGroup from $161.00 to $165.00 and gave the company an “outperform” rating in a report on Wednesday, April 23rd. UBS Group lowered their target price on shares of PulteGroup from $151.00 to $141.00 and set a “buy” rating on the stock in a report on Wednesday, April 23rd. Finally, Barclays dropped their price target on shares of PulteGroup from $100.00 to $98.00 and set an “equal weight” rating on the stock in a research report on Wednesday, April 23rd. Seven investment analysts have rated the stock with a hold rating and nine have given a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $134.69.

PulteGroup 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.