Measured Wealth Private Client Group LLC Raises Stake in PulteGroup, Inc. (NYSE:PHM)

Measured Wealth Private Client Group LLC grew its holdings in PulteGroup, Inc. (NYSE:PHM) by 70.5% in the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 2,893 shares of the construction company’s stock after buying an additional 1,196 shares during the period. Measured Wealth Private Client Group LLC’s holdings in PulteGroup were worth $315,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. Czech National Bank raised its stake in PulteGroup by 5.5% during the 3rd quarter. Czech National Bank now owns 42,274 shares of the construction company’s stock valued at $6,068,000 after acquiring an additional 2,191 shares during the last quarter. GAMMA Investing LLC raised its stake in shares of PulteGroup by 17.0% during the third quarter. GAMMA Investing LLC now owns 1,861 shares of the construction company’s stock worth $267,000 after purchasing an additional 271 shares during the last quarter. Mather Group LLC. lifted its holdings in shares of PulteGroup by 7.4% during the third quarter. Mather Group LLC. now owns 1,656 shares of the construction company’s stock worth $238,000 after purchasing an additional 114 shares during the period. Dynamic Advisor Solutions LLC purchased a new position in PulteGroup in the 3rd quarter valued at $293,000. Finally, Atomi Financial Group Inc. increased its stake in PulteGroup by 11.2% in the 3rd quarter. Atomi Financial Group Inc. now owns 4,980 shares of the construction company’s stock valued at $715,000 after buying an additional 503 shares during the period. Institutional investors and hedge funds own 89.90% of the company’s stock.

Analyst Ratings Changes

PHM has been the topic of several analyst reports. Barclays lowered their target price on shares of PulteGroup from $125.00 to $117.00 and set an “equal weight” rating on the stock in a report on Friday, January 31st. Oppenheimer reduced their price target on PulteGroup from $165.00 to $150.00 and set an “outperform” rating for the company in a report on Friday, January 31st. BTIG Research upped their price objective on PulteGroup from $139.00 to $156.00 and gave the stock a “buy” rating in a report on Wednesday, October 23rd. Evercore ISI reduced their target price on PulteGroup from $198.00 to $195.00 and set an “outperform” rating for the company in a report on Wednesday, October 23rd. Finally, Seaport Res Ptn cut shares of PulteGroup from a “hold” rating to a “strong sell” rating in a research note on Monday, January 27th. One investment analyst has rated the stock with a sell rating, six have given a hold rating and eleven have issued a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $140.86.

PulteGroup Stock Down 1.3 %

PHM opened at $109.89 on Friday. The firm has a market cap of $22.54 billion, a P/E ratio of 7.47, a PEG ratio of 0.49 and a beta of 1.68. The business’s fifty day simple moving average is $116.14 and its 200 day simple moving average is $127.14. PulteGroup, Inc. has a 52 week low of $100.24 and a 52 week high of $149.47. The company has a quick ratio of 0.73, a current ratio of 0.86 and a debt-to-equity ratio of 0.13.

PulteGroup (NYSE:PHM) last issued its quarterly earnings results on Thursday, January 30th. The construction company reported $3.50 EPS for the quarter, topping analysts’ consensus estimates of $3.28 by $0.22. PulteGroup had a net margin of 17.18% and a return on equity of 24.43%. As a group, equities research analysts anticipate that PulteGroup, Inc. will post 13.34 EPS for the current fiscal year.

PulteGroup Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, April 2nd. Shareholders of record on Tuesday, March 18th will be issued a $0.22 dividend. The ex-dividend date is Tuesday, March 18th. This represents a $0.88 annualized dividend and a yield of 0.80%. PulteGroup’s dividend payout ratio (DPR) is presently 5.98%.

PulteGroup announced that its Board of Directors has approved a share buyback plan on Thursday, January 30th that allows the company to repurchase $1.50 billion in shares. This repurchase authorization allows the construction company to buy up to 6.2% of its shares through open market purchases. Shares repurchase plans are usually an indication that the company’s leadership believes its shares are undervalued.

About PulteGroup

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.