PulteGroup, Inc. (NYSE:PHM) Shares Acquired by Bogart Wealth LLC

Bogart Wealth LLC lifted its position in PulteGroup, Inc. (NYSE:PHM) by 39.0% during the 4th quarter, Holdings Channel.com reports. The fund owned 63,695 shares of the construction company’s stock after acquiring an additional 17,882 shares during the period. Bogart Wealth LLC’s holdings in PulteGroup were worth $6,936,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in PHM. Fortitude Family Office LLC raised its position in PulteGroup by 115.1% during the 3rd quarter. Fortitude Family Office LLC now owns 185 shares of the construction company’s stock worth $27,000 after buying an additional 99 shares during the last quarter. Transcendent Capital Group LLC purchased a new position in shares of PulteGroup during the third quarter worth $29,000. Hager Investment Management Services LLC purchased a new position in shares of PulteGroup during the fourth quarter worth $29,000. R Squared Ltd acquired a new position in PulteGroup during the fourth quarter valued at $39,000. Finally, JNBA Financial Advisors purchased a new stake in PulteGroup in the third quarter valued at $43,000. Hedge funds and other institutional investors own 89.90% of the company’s stock.

Insider Activity

In other PulteGroup news, Director Brian P. Anderson sold 2,500 shares of the stock in a transaction dated Monday, February 10th. The shares were sold at an average price of $106.45, for a total value of $266,125.00. Following the completion of the sale, the director now owns 56,617 shares in the company, valued at approximately $6,026,879.65. This represents a 4.23 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Todd N. Sheldon sold 15,191 shares of the firm’s stock in a transaction that occurred 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 completion of the transaction, the executive vice president now directly owns 74,758 shares in the company, valued at $7,961,727. This trade represents a 16.89 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 21,191 shares of company stock worth $2,256,367 over the last three months. Insiders own 0.83% of the company’s stock.

PulteGroup Trading Up 0.6 %

PHM stock opened at $106.67 on Friday. PulteGroup, Inc. has a 12-month low of $100.24 and a 12-month high of $149.47. The business’s 50-day moving average is $113.44 and its 200 day moving average is $126.49. The company has a current ratio of 0.86, a quick ratio of 0.73 and a debt-to-equity ratio of 0.13. The stock has a market cap of $21.88 billion, a price-to-earnings ratio of 7.25, a PEG ratio of 0.29 and a beta of 1.68.

PulteGroup (NYSE:PHM) last issued its quarterly earnings results on Thursday, January 30th. The construction company reported $3.50 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.28 by $0.22. PulteGroup had a return on equity of 24.43% and a net margin of 17.18%. On average, sell-side analysts anticipate that PulteGroup, Inc. will post 12.43 EPS for the current fiscal year.

PulteGroup announced that its Board of Directors has initiated a share repurchase program on Thursday, January 30th that authorizes the company to repurchase $1.50 billion in shares. This repurchase authorization authorizes the construction company to repurchase up to 6.2% of its shares through open market purchases. Shares repurchase programs are generally a sign that the company’s leadership believes its shares are undervalued.

PulteGroup Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, April 2nd. Stockholders of record on Tuesday, March 18th will be issued a dividend of $0.22 per share. This represents a $0.88 dividend on an annualized basis and a dividend yield of 0.82%. The ex-dividend date is Tuesday, March 18th. PulteGroup’s payout ratio is 5.98%.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on PHM shares. BTIG Research lifted their price objective on PulteGroup from $139.00 to $156.00 and gave the company a “buy” rating in a research note on Wednesday, October 23rd. StockNews.com downgraded PulteGroup from a “buy” rating to a “hold” rating in a report on Wednesday, December 11th. Barclays dropped their price objective on shares of PulteGroup from $125.00 to $117.00 and set an “equal weight” rating on the stock in a research note on Friday, January 31st. JPMorgan Chase & Co. decreased their target price on shares of PulteGroup from $162.00 to $155.00 and set an “overweight” rating for the company in a research note on Friday, December 13th. Finally, Citigroup lowered their price target on shares of PulteGroup from $146.00 to $119.00 and set a “neutral” rating on the stock in a report on Monday, January 6th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and eleven have assigned a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $140.86.

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.