3,804 Shares in PulteGroup, Inc. (NYSE:PHM) Acquired by Three Seasons Wealth LLC

Three Seasons Wealth LLC purchased a new stake in PulteGroup, Inc. (NYSE:PHM) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 3,804 shares of the construction company’s stock, valued at approximately $415,000.

Other hedge funds have also recently made changes to their positions in the company. Two Sigma Securities LLC raised its stake in PulteGroup by 170.2% in the fourth quarter. Two Sigma Securities LLC now owns 8,387 shares of the construction company’s stock valued at $913,000 after purchasing an additional 20,340 shares in the last quarter. Nebula Research & Development LLC bought a new position in shares of PulteGroup during the 4th quarter valued at about $479,000. Lord Abbett & CO. LLC lifted its position in PulteGroup by 17.2% in the 4th quarter. Lord Abbett & CO. LLC now owns 441,466 shares of the construction company’s stock worth $48,076,000 after buying an additional 64,749 shares during the last quarter. Adage Capital Partners GP L.L.C. boosted its stake in PulteGroup by 21.7% in the fourth quarter. Adage Capital Partners GP L.L.C. now owns 61,600 shares of the construction company’s stock worth $6,708,000 after buying an additional 11,000 shares in the last quarter. Finally, Coppell Advisory Solutions LLC grew its position in PulteGroup by 10.0% during the fourth quarter. Coppell Advisory Solutions LLC now owns 1,271 shares of the construction company’s stock valued at $138,000 after acquiring an additional 116 shares during the last quarter. 89.90% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at PulteGroup

In related news, EVP Todd N. Sheldon sold 15,191 shares of the business’s stock in a transaction that occurred on Thursday, February 13th. The stock was sold at an average price of $106.50, for a total transaction of $1,617,841.50. Following the completion of the transaction, the executive vice president now directly owns 74,758 shares in the company, valued at approximately $7,961,727. The trade was a 16.89 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Brian P. Anderson sold 2,500 shares of the firm’s stock in a transaction that occurred on Monday, February 10th. The stock was sold at an average price of $106.45, for a total transaction of $266,125.00. Following the sale, the director now owns 56,617 shares in the company, valued at approximately $6,026,879.65. The trade was a 4.23 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 21,191 shares of company stock worth $2,256,367. Corporate insiders own 0.76% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have weighed in on PHM shares. Evercore ISI boosted their price target on shares of PulteGroup from $161.00 to $165.00 and gave the stock an “outperform” rating in a research note on Wednesday. Bank of America lowered their price objective on PulteGroup from $135.00 to $134.00 and set a “buy” rating for the company in a research report on Monday, January 27th. Seaport Res Ptn raised shares of PulteGroup from a “strong sell” rating to a “hold” rating in a research note on Thursday, March 6th. Barclays cut their price target on shares of PulteGroup from $100.00 to $98.00 and set an “equal weight” rating on the stock in a report on Wednesday. Finally, Oppenheimer reduced their target price on PulteGroup from $165.00 to $150.00 and set an “outperform” rating on the stock in a research note on Friday, January 31st. Seven research analysts have rated the stock with a hold rating and nine have given a buy rating to the company. According to MarketBeat.com, PulteGroup currently has a consensus rating of “Moderate Buy” and an average price target of $134.69.

PulteGroup Price Performance

Shares of PHM opened at $102.88 on Friday. The firm has a market cap of $20.83 billion, a PE ratio of 6.99, a P/E/G ratio of 0.29 and a beta of 1.44. PulteGroup, Inc. has a 1-year low of $88.07 and a 1-year high of $149.47. The company has a current ratio of 0.86, a quick ratio of 0.86 and a debt-to-equity ratio of 0.13. The firm has a fifty day simple moving average of $101.44 and a two-hundred day simple moving average of $115.25.

PulteGroup (NYSE:PHM) last released its quarterly earnings results on Tuesday, April 22nd. The construction company reported $2.57 EPS for the quarter, beating the consensus estimate of $2.47 by $0.10. PulteGroup had a net margin of 17.18% and a return on equity of 24.43%. The firm had revenue of $3.89 billion during the quarter, compared to analyst estimates of $3.86 billion. During the same quarter in the prior year, the firm earned $3.10 EPS. On average, equities analysts anticipate that PulteGroup, Inc. will post 12.32 EPS for the current year.

PulteGroup announced that its board has approved a share repurchase program on Thursday, January 30th that permits the company to repurchase $1.50 billion in outstanding shares. This repurchase authorization permits the construction company to repurchase up to 6.2% of its stock through open market purchases. Stock repurchase programs are usually a sign that the company’s management believes its shares are undervalued.

PulteGroup Announces Dividend

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

About PulteGroup

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.