Farther Finance Advisors LLC Has $368,000 Stock Position in PulteGroup, Inc. (NYSE:PHM)

Farther Finance Advisors LLC lowered its stake in PulteGroup, Inc. (NYSE:PHM) by 15.0% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 3,377 shares of the construction company’s stock after selling 598 shares during the period. Farther Finance Advisors LLC’s holdings in PulteGroup were worth $368,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also bought and sold shares of the company. HighTower Advisors LLC raised its position in shares of PulteGroup by 3.2% in the 4th quarter. HighTower Advisors LLC now owns 20,508 shares of the construction company’s stock valued at $2,233,000 after buying an additional 645 shares in the last quarter. Inspire Advisors LLC increased its stake in PulteGroup by 36.0% in the fourth quarter. Inspire Advisors LLC now owns 9,051 shares of the construction company’s stock valued at $986,000 after acquiring an additional 2,396 shares during the last quarter. Vista Investment Partners II LLC acquired a new position in PulteGroup during the fourth quarter valued at approximately $958,000. Independent Advisor Alliance lifted its stake in PulteGroup by 21.3% during the fourth quarter. Independent Advisor Alliance now owns 9,868 shares of the construction company’s stock worth $1,075,000 after purchasing an additional 1,735 shares during the last quarter. Finally, Johnson Investment Counsel Inc. boosted its holdings in shares of PulteGroup by 5.6% in the 4th quarter. Johnson Investment Counsel Inc. now owns 6,764 shares of the construction company’s stock valued at $737,000 after purchasing an additional 361 shares in the last quarter. Institutional investors and hedge funds own 89.90% of the company’s stock.

Insider Buying and Selling at PulteGroup

In related news, Director Brian P. Anderson sold 2,500 shares of the company’s stock in a transaction dated Monday, February 10th. The stock was sold at an average price of $106.45, for a total transaction of $266,125.00. Following the sale, the director now owns 56,617 shares in the company, valued at $6,026,879.65. This represents a 4.23 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Todd N. Sheldon sold 15,191 shares of PulteGroup stock in a transaction that occurred on Thursday, February 13th. The stock was sold at an average price of $106.50, for a total value of $1,617,841.50. Following the completion of the sale, the executive vice president now owns 74,758 shares of the company’s stock, valued at approximately $7,961,727. The trade was a 16.89 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 21,191 shares of company stock valued at $2,256,367. 0.83% of the stock is currently owned by insiders.

PulteGroup Trading Up 1.0 %

NYSE PHM opened at $103.97 on Tuesday. PulteGroup, Inc. has a 12 month low of $100.54 and a 12 month high of $149.47. The company has a current ratio of 0.86, a quick ratio of 0.86 and a debt-to-equity ratio of 0.13. The firm has a market capitalization of $21.05 billion, a PE ratio of 7.07, a price-to-earnings-growth ratio of 0.29 and a beta of 1.71. The business’s 50-day moving average price is $108.92 and its two-hundred day moving average price is $122.89.

PulteGroup (NYSE:PHM) last released its earnings results on Thursday, January 30th. The construction company reported $3.50 earnings per share for the quarter, beating 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%. On average, analysts expect that PulteGroup, Inc. will post 12.32 EPS for the current year.

PulteGroup announced that its board has approved 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 purchase up to 6.2% of its stock through open market purchases. Stock repurchase programs are usually a sign that the company’s management believes its stock is undervalued.

PulteGroup Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, April 2nd. Investors 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 0.85%. PulteGroup’s payout ratio is 5.98%.

Analyst Ratings Changes

Several analysts recently weighed in on the company. StockNews.com downgraded PulteGroup from a “buy” rating to a “hold” rating in a research report on Wednesday, December 11th. Wells Fargo & Company dropped their target price on shares of PulteGroup from $165.00 to $140.00 and set an “overweight” rating for the company in a report on Tuesday, December 17th. Bank of America decreased their price target on shares of PulteGroup from $135.00 to $134.00 and set a “buy” rating on the stock in a report on Monday, January 27th. Seaport Res Ptn raised shares of PulteGroup from a “strong sell” rating to a “hold” rating in a research note on Thursday, March 6th. Finally, The Goldman Sachs Group decreased their target price on shares of PulteGroup from $140.00 to $124.00 and set a “neutral” rating on the stock in a research note on Tuesday, January 14th. Seven investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $140.86.

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.