PulteGroup, Inc. $PHM Stock Position Raised by Peak Retirement Planning Inc.

Peak Retirement Planning Inc. lifted its position in PulteGroup, Inc. (NYSE:PHM) by 44.4% in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 23,982 shares of the construction company’s stock after acquiring an additional 7,377 shares during the quarter. Peak Retirement Planning Inc.’s holdings in PulteGroup were worth $2,812,000 as of its most recent filing with the SEC.

Several other hedge funds have also made changes to their positions in PHM. Rachor Investment Advisory Services LLC acquired a new position in PulteGroup in the 4th quarter valued at approximately $31,000. Lloyd Advisory Services LLC. acquired a new position in PulteGroup in the 4th quarter valued at approximately $33,000. High Point Wealth Management LLC acquired a new position in PulteGroup in the 4th quarter valued at approximately $38,000. Beacon Financial Strategies CORP acquired a new position in PulteGroup in the 4th quarter valued at approximately $40,000. Finally, Elyxium Wealth LLC acquired a new position in PulteGroup in the 4th quarter valued at approximately $41,000. Hedge funds and other institutional investors own 89.90% of the company’s stock.

Analyst Ratings Changes

Several research analysts have weighed in on PHM shares. Oppenheimer reiterated an “outperform” rating on shares of PulteGroup in a research note on Tuesday, May 26th. Barclays dropped their price target on shares of PulteGroup from $115.00 to $112.00 and set an “equal weight” rating on the stock in a research note on Wednesday, April 8th. Zacks Research upgraded shares of PulteGroup from a “strong sell” rating to a “hold” rating in a research note on Monday, April 13th. Seaport Research Partners restated a “sell” rating and set a $100.00 price target (down from $155.00) on shares of PulteGroup in a research note on Tuesday, April 7th. Finally, Evercore increased their price target on shares of PulteGroup from $146.00 to $151.00 and gave the stock an “outperform” rating in a research note on Friday, April 24th. Ten investment analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $140.71.

Insiders Place Their Bets

In related news, COO Matthew William Koart sold 7,457 shares of the firm’s stock in a transaction on Wednesday, May 27th. The shares were sold at an average price of $120.00, for a total value of $894,840.00. Following the transaction, the chief operating officer directly owned 28,100 shares in the company, valued at approximately $3,372,000. This trade represents a 20.97% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, Director Lila Snyder sold 3,339 shares of the firm’s stock in a transaction on Friday, May 8th. The shares were sold at an average price of $117.18, for a total transaction of $391,264.02. Following the completion of the transaction, the director owned 3,540 shares in the company, valued at $414,817.20. The trade was a 48.54% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Company insiders own 0.75% of the company’s stock.

PulteGroup Stock Performance

NYSE:PHM opened at $117.80 on Wednesday. PulteGroup, Inc. has a 1 year low of $96.46 and a 1 year high of $144.49. The firm’s fifty day simple moving average is $119.03 and its 200 day simple moving average is $124.03. The company has a current ratio of 0.94, a quick ratio of 0.94 and a debt-to-equity ratio of 0.14. The firm has a market capitalization of $22.44 billion, a PE ratio of 11.39, a PEG ratio of 1.49 and a beta of 1.20.

PulteGroup (NYSE:PHM) last posted its earnings results on Thursday, April 23rd. The construction company reported $1.79 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.80 by ($0.01). PulteGroup had a net margin of 12.14% and a return on equity of 16.41%. The firm had revenue of $3.41 billion during the quarter, compared to analyst estimates of $3.40 billion. During the same quarter in the previous year, the business posted $2.57 earnings per share. The business’s quarterly revenue was down 12.4% compared to the same quarter last year. On average, sell-side analysts anticipate that PulteGroup, Inc. will post 10 EPS for the current year.

PulteGroup Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, July 2nd. Investors of record on Tuesday, June 16th will be paid a $0.26 dividend. The ex-dividend date is Tuesday, June 16th. This represents a $1.04 dividend on an annualized basis and a yield of 0.9%. PulteGroup’s dividend payout ratio (DPR) is presently 10.06%.

PulteGroup declared that its board has approved a share repurchase program on Thursday, April 23rd that allows the company to buyback $1.50 billion in shares. This buyback authorization allows the construction company to repurchase up to 6.1% of its shares through open market purchases. Shares buyback programs are often a sign that the company’s board believes its shares are undervalued.

About PulteGroup

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.