7,113 Shares in PulteGroup, Inc. $PHM Bought by Klein Pavlis & Peasley Financial Inc.

Klein Pavlis & Peasley Financial Inc. acquired a new stake in PulteGroup, Inc. (NYSE:PHM) during the 4th quarter, according to its most recent disclosure with the SEC. The fund acquired 7,113 shares of the construction company’s stock, valued at approximately $834,000.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Private Wealth Management Group LLC raised its stake in shares of PulteGroup by 281.7% in the 3rd quarter. Private Wealth Management Group LLC now owns 271 shares of the construction company’s stock valued at $36,000 after purchasing an additional 200 shares during the period. Twin Peaks Wealth Advisors LLC bought a new stake in shares of PulteGroup in the second quarter valued at about $32,000. Rexford Capital Inc. acquired a new position in shares of PulteGroup during the second quarter worth about $35,000. Beacon Financial Strategies CORP acquired a new position in shares of PulteGroup during the fourth quarter worth about $40,000. Finally, Fulcrum Asset Management LLP bought a new position in shares of PulteGroup during the third quarter worth about $47,000. 89.90% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at PulteGroup

In other PulteGroup news, EVP Todd N. Sheldon sold 14,220 shares of the firm’s stock in a transaction on Friday, February 6th. The stock was sold at an average price of $135.01, for a total transaction of $1,919,842.20. Following the completion of the sale, the executive vice president owned 69,753 shares of the company’s stock, valued at $9,417,352.53. This trade represents a 16.93% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Ryan Marshall sold 111,250 shares of PulteGroup stock in a transaction on Thursday, February 5th. The stock was sold at an average price of $133.86, for a total transaction of $14,891,925.00. Following the transaction, the insider directly owned 659,392 shares of the company’s stock, valued at approximately $88,266,213.12. This trade represents a 14.44% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last ninety days, insiders have sold 149,952 shares of company stock worth $20,162,165. 0.75% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

A number of brokerages recently issued reports on PHM. Citizens Jmp started coverage on PulteGroup in a research report on Wednesday, January 7th. They issued a “market outperform” rating and a $145.00 target price on the stock. The Goldman Sachs Group raised their price target on shares of PulteGroup from $144.00 to $150.00 and gave the stock a “neutral” rating in a research note on Tuesday, February 17th. Raymond James Financial reiterated an “outperform” rating and issued a $145.00 price objective on shares of PulteGroup in a report on Wednesday, February 4th. Citigroup boosted their price objective on shares of PulteGroup from $128.00 to $136.00 and gave the stock a “neutral” rating in a research report on Tuesday, February 3rd. Finally, Weiss Ratings upgraded shares of PulteGroup from a “hold (c+)” rating to a “buy (b-)” rating in a report on Monday, January 12th. One research analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating, six have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, PulteGroup has a consensus rating of “Moderate Buy” and a consensus target price of $142.71.

PulteGroup Price Performance

NYSE:PHM opened at $114.68 on Friday. PulteGroup, Inc. has a 12-month low of $88.07 and a 12-month high of $144.49. The firm has a market capitalization of $21.97 billion, a price-to-earnings ratio of 10.31, a P/E/G ratio of 1.33 and a beta of 1.32. The stock’s 50 day moving average price is $129.18 and its two-hundred day moving average price is $126.29. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 0.13.

PulteGroup Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, April 2nd. Investors of record on Tuesday, March 17th will be paid a $0.26 dividend. This represents a $1.04 dividend on an annualized basis and a yield of 0.9%. The ex-dividend date is Tuesday, March 17th. PulteGroup’s dividend payout ratio is 9.35%.

PulteGroup 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.