180 Wealth Advisors LLC Acquires Shares of 30,170 PulteGroup, Inc. (PHM)
180 Wealth Advisors LLC bought a new position in shares of PulteGroup, Inc. (NYSE:PHM) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 30,170 shares of the construction company’s stock, valued at approximately $1,003,000.
A number of other hedge funds have also bought and sold shares of the business. W. E. Donoghue & Co. LLC acquired a new stake in PulteGroup during the fourth quarter worth $2,595,000. Geode Capital Management LLC increased its stake in PulteGroup by 18.8% during the fourth quarter. Geode Capital Management LLC now owns 3,962,526 shares of the construction company’s stock worth $131,550,000 after acquiring an additional 627,590 shares during the last quarter. Investors Research Corp acquired a new stake in PulteGroup during the fourth quarter worth $320,000. Allianz Asset Management GmbH acquired a new stake in PulteGroup during the fourth quarter worth $9,314,000. Finally, Mackenzie Financial Corp acquired a new stake in PulteGroup during the fourth quarter worth $12,685,000. 83.80% of the stock is owned by institutional investors.
In other news, Director Patrick J. Oleary sold 8,677 shares of PulteGroup stock in a transaction on Wednesday, February 21st. The stock was sold at an average price of $30.03, for a total value of $260,570.31. Following the completion of the sale, the director now directly owns 90,687 shares of the company’s stock, valued at $2,723,330.61. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, CFO Robert Oshaughnessy sold 92,800 shares of PulteGroup stock in a transaction on Friday, December 8th. The shares were sold at an average price of $33.89, for a total value of $3,144,992.00. Following the completion of the sale, the chief financial officer now directly owns 363,722 shares of the company’s stock, valued at $12,326,538.58. The disclosure for this sale can be found here. Insiders own 0.71% of the company’s stock.
Shares of PulteGroup, Inc. (PHM) opened at $28.95 on Friday. PulteGroup, Inc. has a one year low of $21.41 and a one year high of $35.21. The firm has a market capitalization of $8,227.27, a price-to-earnings ratio of 20.10, a PEG ratio of 0.45 and a beta of 1.12.
PulteGroup (NYSE:PHM) last issued its quarterly earnings data on Tuesday, January 30th. The construction company reported $0.85 earnings per share for the quarter, meeting the Zacks’ consensus estimate of $0.85. PulteGroup had a return on equity of 15.52% and a net margin of 5.22%. The business had revenue of $2.79 billion during the quarter, compared to analysts’ expectations of $2.82 billion. During the same period in the previous year, the firm posted $0.67 earnings per share. The company’s revenue was up 12.1% on a year-over-year basis. research analysts predict that PulteGroup, Inc. will post 3.11 EPS for the current fiscal year.
PulteGroup declared that its board has approved a stock buyback program on Tuesday, January 30th that authorizes the company to buyback $500.00 million in shares. This buyback authorization authorizes the construction company to repurchase shares of its stock through open market purchases. Shares buyback programs are generally a sign that the company’s board of directors believes its stock is undervalued.
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 3rd. Stockholders of record on Friday, March 16th will be paid a $0.09 dividend. The ex-dividend date of this dividend is Thursday, March 15th. This represents a $0.36 dividend on an annualized basis and a dividend yield of 1.24%. PulteGroup’s payout ratio is presently 25.00%.
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PulteGroup, Inc is a homebuilder in the United States. The Company’s segments include Homebuilding and Financial Services. Its Homebuilding operations are engaged in the acquisition and development of land primarily for residential purposes within the United States and the construction of housing on such land.
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