PulteGroup, Inc. (NYSE:PHM) Shares Acquired by Coppell Advisory Solutions LLC

Coppell Advisory Solutions LLC lifted its holdings in PulteGroup, Inc. (NYSE:PHM) by 10.0% in the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 1,271 shares of the construction company’s stock after purchasing an additional 116 shares during the period. Coppell Advisory Solutions LLC’s holdings in PulteGroup were worth $138,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in the business. Richardson Financial Services Inc. increased its position in shares of PulteGroup by 16.7% during the fourth quarter. Richardson Financial Services Inc. now owns 622 shares of the construction company’s stock worth $68,000 after acquiring an additional 89 shares during the period. Premier Path Wealth Partners LLC raised its position in PulteGroup by 3.8% in the 4th quarter. Premier Path Wealth Partners LLC now owns 2,572 shares of the construction company’s stock valued at $280,000 after purchasing an additional 95 shares in the last quarter. Meridian Wealth Management LLC boosted its stake in shares of PulteGroup by 0.7% in the 4th quarter. Meridian Wealth Management LLC now owns 13,224 shares of the construction company’s stock valued at $1,440,000 after buying an additional 95 shares during the period. Fidelis Capital Partners LLC grew its position in shares of PulteGroup by 2.4% during the fourth quarter. Fidelis Capital Partners LLC now owns 4,384 shares of the construction company’s stock worth $479,000 after buying an additional 103 shares in the last quarter. Finally, TD Waterhouse Canada Inc. raised its holdings in PulteGroup by 43.0% in the fourth quarter. TD Waterhouse Canada Inc. now owns 349 shares of the construction company’s stock valued at $38,000 after acquiring an additional 105 shares in the last quarter. 89.90% of the stock is owned by hedge funds and other institutional investors.

PulteGroup Trading Up 1.8 %

Shares of PHM stock opened at $102.88 on Friday. 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 business’s 50 day moving average is $101.44 and its two-hundred day moving average is $115.25. PulteGroup, Inc. has a twelve month low of $88.07 and a twelve month high of $149.47. The company has a market capitalization of $20.83 billion, a P/E ratio of 6.99, a price-to-earnings-growth ratio of 0.29 and a beta of 1.44.

PulteGroup (NYSE:PHM) last announced its quarterly earnings data on Tuesday, April 22nd. The construction company reported $2.57 EPS for the quarter, beating analysts’ consensus estimates 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 the consensus estimate of $3.86 billion. During the same quarter last year, the firm earned $3.10 earnings per share. Equities analysts forecast that PulteGroup, Inc. will post 12.32 EPS for the current year.

PulteGroup announced that its Board of Directors has approved a share buyback plan on Thursday, January 30th that allows the company to repurchase $1.50 billion in outstanding shares. This repurchase authorization allows the construction company to repurchase up to 6.2% of its shares through open market purchases. Shares repurchase plans are often an indication that the company’s management believes its shares are undervalued.

PulteGroup Announces Dividend

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

Insider Buying and Selling at PulteGroup

In other PulteGroup news, EVP Todd N. Sheldon sold 15,191 shares of the business’s stock in a transaction 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 sale, 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 ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, VP Brien P. O’meara sold 3,500 shares of the company’s stock in a transaction on Thursday, February 13th. The shares were sold at an average price of $106.40, for a total value of $372,400.00. Following the completion of the sale, the vice president now directly owns 11,372 shares in the company, valued at $1,209,980.80. This trade represents a 23.53 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 21,191 shares of company stock valued at $2,256,367. Corporate insiders own 0.76% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on PHM shares. Bank of America dropped their price objective on shares of PulteGroup from $135.00 to $134.00 and set a “buy” rating on the stock in a research report on Monday, January 27th. Citigroup cut their price target on PulteGroup from $146.00 to $119.00 and set a “neutral” rating on the stock in a research note on Monday, January 6th. Royal Bank of Canada lowered their price objective on PulteGroup from $116.00 to $109.00 and set a “sector perform” rating for the company in a research report on Wednesday. Evercore ISI raised their target price on PulteGroup from $161.00 to $165.00 and gave the stock an “outperform” rating in a research report on Wednesday. Finally, Barclays lowered their price target on PulteGroup from $100.00 to $98.00 and set an “equal weight” rating for the company in a report on Wednesday. Seven equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. According to MarketBeat.com, PulteGroup has a consensus rating of “Moderate Buy” and an average price target of $134.69.

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.