147,637 Shares in PulteGroup, Inc. $PHM Acquired by GRS Advisors LLC

GRS Advisors LLC bought a new stake in shares of PulteGroup, Inc. (NYSE:PHM) during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund bought 147,637 shares of the construction company’s stock, valued at approximately $19,507,000. PulteGroup makes up 1.8% of GRS Advisors LLC’s portfolio, making the stock its 20th largest position.

A number of other institutional investors and hedge funds have also recently bought and sold shares of PHM. iSAM Funds UK Ltd bought a new position in shares of PulteGroup in the third quarter valued at approximately $3,688,000. South Street Advisors LLC bought a new stake in PulteGroup during the third quarter worth approximately $225,000. Wayfinding Financial LLC bought a new stake in PulteGroup during the third quarter worth approximately $218,000. von Borstel & Associates Inc. acquired a new stake in PulteGroup in the third quarter worth approximately $227,000. Finally, NorthRock Partners LLC lifted its position in PulteGroup by 14.8% in the third quarter. NorthRock Partners LLC now owns 3,875 shares of the construction company’s stock worth $512,000 after purchasing an additional 501 shares during the period. Institutional investors own 89.90% of the company’s stock.

Insiders Place Their Bets

In other PulteGroup news, COO Matthew William Koart sold 15,309 shares of the business’s stock in a transaction dated Friday, February 6th. The stock was sold at an average price of $135.79, for a total transaction of $2,078,809.11. Following the sale, the chief operating officer owned 42,418 shares in the company, valued at approximately $5,759,940.22. The trade was a 26.52% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Kevin A. Henry sold 5,173 shares of the company’s stock in a transaction dated Tuesday, February 24th. The shares were sold at an average price of $141.03, for a total transaction of $729,548.19. Following the sale, the executive vice president directly owned 14,673 shares of the company’s stock, valued at $2,069,333.19. This represents a 26.07% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 149,952 shares of company stock worth $20,162,165 over the last three months. Company insiders own 0.76% of the company’s stock.

PulteGroup Stock Performance

PHM opened at $119.14 on Friday. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 0.13. The firm has a market cap of $22.91 billion, a PE ratio of 10.71, a P/E/G ratio of 1.40 and a beta of 1.32. The business has a fifty day simple moving average of $131.06 and a 200-day simple moving average of $127.50. PulteGroup, Inc. has a fifty-two week low of $88.07 and a fifty-two week high of $144.49.

PulteGroup Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, April 2nd. Stockholders of record on Tuesday, March 17th will be issued a dividend of $0.26 per share. This represents a $1.04 annualized dividend and a dividend yield of 0.9%. The ex-dividend date of this dividend is Tuesday, March 17th. PulteGroup’s dividend payout ratio is currently 9.35%.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on the company. Royal Bank Of Canada upped their price objective on PulteGroup from $111.00 to $115.00 and gave the company a “sector perform” rating in a report on Friday, January 30th. Weiss Ratings raised PulteGroup from a “hold (c+)” rating to a “buy (b-)” rating in a report on Monday, January 12th. Truist Financial began coverage on shares of PulteGroup in a research report on Wednesday, March 4th. They issued a “buy” rating and a $170.00 price target on the stock. Zacks Research downgraded shares of PulteGroup from a “hold” rating to a “strong sell” rating in a report on Monday, January 26th. Finally, UBS Group restated a “buy” rating on shares of PulteGroup in a research report on Thursday. One analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating, six have given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, PulteGroup presently has an average rating of “Moderate Buy” and an average target price of $142.71.

PulteGroup Company Profile

PulteGroup, Inc (NYSE: PHM) is a U.S.-based residential homebuilder that designs, constructs and sells single-family homes and develops master-planned communities. The company operates multiple national and regional brands that target different buyer segments, including first-time buyers, move-up buyers and active-adult customers. Its operations encompass land acquisition and development, home design and construction, community amenities and ongoing customer service and warranty programs.

PulteGroup markets homes under several well-known brands, such as Pulte Homes, Centex and Del Webb, among others, offering a range of product types from entry-level detached homes to larger, higher-end residences and age-restricted active-adult communities.