U.S. Capital Wealth Advisors LLC Makes New Investment in PulteGroup, Inc. (NYSE:PHM)

U.S. Capital Wealth Advisors LLC bought a new stake in PulteGroup, Inc. (NYSE:PHM) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor bought 2,062 shares of the construction company’s stock, valued at approximately $213,000.

Other large investors also recently made changes to their positions in the company. First Horizon Advisors Inc. increased its stake in PulteGroup by 2.9% in the 4th quarter. First Horizon Advisors Inc. now owns 3,594 shares of the construction company’s stock valued at $371,000 after buying an additional 100 shares during the period. Aprio Wealth Management LLC raised its holdings in shares of PulteGroup by 3.1% during the fourth quarter. Aprio Wealth Management LLC now owns 3,583 shares of the construction company’s stock worth $370,000 after acquiring an additional 107 shares in the last quarter. KMG Fiduciary Partners LLC boosted its position in PulteGroup by 4.1% during the fourth quarter. KMG Fiduciary Partners LLC now owns 3,102 shares of the construction company’s stock valued at $320,000 after purchasing an additional 121 shares during the last quarter. DNB Asset Management AS grew its stake in PulteGroup by 0.3% in the fourth quarter. DNB Asset Management AS now owns 43,391 shares of the construction company’s stock valued at $4,479,000 after purchasing an additional 123 shares in the last quarter. Finally, Cascade Investment Advisors Inc. increased its position in PulteGroup by 1.6% in the 4th quarter. Cascade Investment Advisors Inc. now owns 8,165 shares of the construction company’s stock worth $843,000 after purchasing an additional 125 shares during the last quarter. Institutional investors and hedge funds own 89.90% of the company’s stock.

Analyst Upgrades and Downgrades

PHM has been the subject of several research reports. The Goldman Sachs Group lifted their price target on PulteGroup from $91.00 to $105.00 and gave the company a “neutral” rating in a report on Thursday, January 11th. Citigroup raised their price objective on shares of PulteGroup from $116.00 to $127.00 and gave the company a “neutral” rating in a research report on Friday, April 5th. Oppenheimer raised their price objective on shares of PulteGroup from $138.00 to $143.00 and gave the company an “outperform” rating in a research report on Wednesday, April 24th. Royal Bank of Canada raised their price objective on shares of PulteGroup from $106.00 to $113.00 and gave the company a “sector perform” rating in a research report on Wednesday, April 24th. Finally, Jefferies Financial Group raised their price objective on shares of PulteGroup from $126.00 to $131.00 and gave the company a “buy” rating in a research report on Wednesday, April 24th. Five investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $111.73.

PulteGroup Trading Down 1.0 %

NYSE:PHM opened at $115.81 on Thursday. PulteGroup, Inc. has a 12 month low of $65.16 and a 12 month high of $121.07. The firm has a market cap of $24.36 billion, a price-to-earnings ratio of 9.27, a P/E/G ratio of 0.52 and a beta of 1.56. The company has a quick ratio of 0.85, a current ratio of 0.85 and a debt-to-equity ratio of 0.18. The company’s 50 day moving average is $112.90 and its 200-day moving average is $101.97.

PulteGroup Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, July 2nd. Stockholders of record on Tuesday, June 18th will be given a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a dividend yield of 0.69%. The ex-dividend date of this dividend is Tuesday, June 18th. PulteGroup’s dividend payout ratio is 6.41%.

PulteGroup announced that its Board of Directors has initiated a stock repurchase program on Tuesday, January 30th that authorizes the company to repurchase $1.50 billion in outstanding shares. This repurchase authorization authorizes the construction company to buy up to 6.5% of its stock through open market purchases. Stock repurchase programs are usually an indication that the company’s management believes its stock is undervalued.

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.