Syon Capital LLC Sells 584 Shares of PulteGroup, Inc. (NYSE:PHM)

Syon Capital LLC decreased its holdings in shares of PulteGroup, Inc. (NYSE:PHM) by 10.9% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 4,796 shares of the construction company’s stock after selling 584 shares during the period. Syon Capital LLC’s holdings in PulteGroup were worth $522,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Richardson Financial Services Inc. raised its holdings 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 valued at $68,000 after acquiring an additional 89 shares in the last quarter. Premier Path Wealth Partners LLC increased its position in PulteGroup by 3.8% during 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 during the period. Meridian Wealth Management LLC raised its holdings in PulteGroup by 0.7% in the 4th quarter. Meridian Wealth Management LLC now owns 13,224 shares of the construction company’s stock worth $1,440,000 after purchasing an additional 95 shares in the last quarter. Fidelis Capital Partners LLC lifted its position in shares of PulteGroup by 2.4% in the 4th quarter. Fidelis Capital Partners LLC now owns 4,384 shares of the construction company’s stock worth $479,000 after purchasing an additional 103 shares during the period. Finally, TD Waterhouse Canada Inc. boosted 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 valued at $38,000 after purchasing an additional 105 shares in the last quarter. Hedge funds and other institutional investors own 89.90% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on PHM shares. Seaport Res Ptn raised shares of PulteGroup from a “strong sell” rating to a “hold” rating in a research note on Thursday, March 6th. UBS Group decreased their target price on PulteGroup from $151.00 to $141.00 and set a “buy” rating for the company in a research report on Wednesday. Wells Fargo & Company dropped their price target on PulteGroup from $140.00 to $120.00 and set an “overweight” rating on the stock in a research report on Monday, April 14th. Royal Bank of Canada decreased their price objective on PulteGroup from $116.00 to $109.00 and set a “sector perform” rating for the company in a report on Wednesday. Finally, The Goldman Sachs Group dropped their target price on shares of PulteGroup from $140.00 to $124.00 and set a “neutral” rating on the stock in a report on Tuesday, January 14th. Seven equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. According to data from MarketBeat, PulteGroup has an average rating of “Moderate Buy” and an average price target of $134.69.

PulteGroup Stock Up 1.8 %

NYSE:PHM opened at $102.88 on Friday. The company has a debt-to-equity ratio of 0.13, a quick ratio of 0.86 and a current ratio of 0.86. The firm has a market cap of $20.83 billion, a P/E ratio of 6.99, a P/E/G ratio of 0.29 and a beta of 1.44. PulteGroup, Inc. has a fifty-two week low of $88.07 and a fifty-two week high of $149.47. The firm has a 50-day simple moving average of $101.44 and a two-hundred day simple moving average of $115.25.

PulteGroup (NYSE:PHM) last announced its quarterly earnings results on Tuesday, April 22nd. The construction company reported $2.57 earnings per share for the quarter, beating the consensus estimate of $2.47 by $0.10. The company had revenue of $3.89 billion during the quarter, compared to the consensus estimate 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 firm earned $3.10 earnings per share. Analysts predict that PulteGroup, Inc. will post 12.32 earnings per share for the current fiscal year.

PulteGroup Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, April 2nd. Stockholders 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 dividend yield of 0.86%. The ex-dividend date of this dividend was Tuesday, March 18th. PulteGroup’s payout ratio is currently 6.21%.

PulteGroup declared that its Board of Directors has initiated a stock 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 shares through open market purchases. Shares repurchase programs are usually a sign that the company’s board believes its stock is undervalued.

Insider Activity at PulteGroup

In related news, EVP Todd N. Sheldon sold 15,191 shares of the stock in a transaction that occurred on Thursday, February 13th. The shares were sold at an average price of $106.50, for a total transaction of $1,617,841.50. Following the transaction, the executive vice president now owns 74,758 shares in the company, valued at $7,961,727. This represents a 16.89 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Brian P. Anderson sold 2,500 shares of PulteGroup 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 completion of the sale, the director now directly owns 56,617 shares of the company’s stock, valued at approximately $6,026,879.65. This trade represents a 4.23 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 21,191 shares of company stock valued at $2,256,367 over the last ninety days. Insiders own 0.76% of the company’s stock.

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.