HUB Investment Partners LLC Has $251,000 Stock Holdings in PulteGroup, Inc. (NYSE:PHM)

HUB Investment Partners LLC cut its position in PulteGroup, Inc. (NYSE:PHM) by 5.3% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 2,307 shares of the construction company’s stock after selling 130 shares during the quarter. HUB Investment Partners LLC’s holdings in PulteGroup were worth $251,000 as of its most recent SEC filing.

Other large investors also recently made changes to their positions in the company. Logan Capital Management Inc. grew its stake in shares of PulteGroup by 67.7% in the 3rd quarter. Logan Capital Management Inc. now owns 14,797 shares of the construction company’s stock valued at $2,124,000 after buying an additional 5,976 shares during the period. Sanctuary Advisors LLC grew its stake in shares of PulteGroup by 38.1% in the 3rd quarter. Sanctuary Advisors LLC now owns 121,299 shares of the construction company’s stock valued at $17,410,000 after buying an additional 33,472 shares during the period. Systematic Financial Management LP grew its stake in shares of PulteGroup by 3.9% in the 3rd quarter. Systematic Financial Management LP now owns 130,257 shares of the construction company’s stock valued at $18,696,000 after buying an additional 4,840 shares during the period. Nilsine Partners LLC grew its stake in shares of PulteGroup by 929.2% in the 4th quarter. Nilsine Partners LLC now owns 20,574 shares of the construction company’s stock valued at $2,240,000 after buying an additional 18,575 shares during the period. Finally, Vision Capital Corp acquired a new stake in shares of PulteGroup in the 3rd quarter valued at about $22,348,000. 89.90% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at PulteGroup

In related news, EVP Todd N. Sheldon sold 15,191 shares of PulteGroup stock in a transaction that occurred on Thursday, February 13th. The shares were sold at an average price of $106.50, for a total value 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 approximately $7,961,727. The trade was a 16.89 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP Brien P. O’meara sold 3,500 shares of PulteGroup stock in a transaction that occurred on Thursday, February 13th. The shares were sold at an average price of $106.40, for a total transaction of $372,400.00. Following the completion of the transaction, the vice president now owns 11,372 shares of the company’s stock, valued at $1,209,980.80. This represents a 23.53 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 21,191 shares of company stock worth $2,256,367. Corporate insiders own 0.83% of the company’s stock.

Analyst Ratings Changes

PHM has been the subject of a number of analyst reports. Citigroup cut their price target on PulteGroup from $146.00 to $119.00 and set a “neutral” rating for the company in a research note on Monday, January 6th. The Goldman Sachs Group cut their price target on PulteGroup from $140.00 to $124.00 and set a “neutral” rating for the company in a research note on Tuesday, January 14th. Wedbush reiterated an “outperform” rating and set a $135.00 price target on shares of PulteGroup in a research note on Friday, January 31st. Seaport Res Ptn upgraded PulteGroup from a “strong sell” rating to a “hold” rating in a research note on Thursday, March 6th. Finally, Bank of America cut their price target on PulteGroup from $135.00 to $134.00 and set a “buy” rating for the company in a research note on Monday, January 27th. Seven investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. According to MarketBeat, PulteGroup has an average rating of “Moderate Buy” and a consensus price target of $140.86.

PulteGroup Trading Down 2.2 %

NYSE:PHM opened at $103.04 on Friday. 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 stock has a market capitalization of $20.86 billion, a PE ratio of 7.00, a price-to-earnings-growth ratio of 0.29 and a beta of 1.71. The firm’s 50 day moving average is $108.54 and its 200 day moving average is $122.21. PulteGroup, Inc. has a 12 month low of $100.35 and a 12 month high of $149.47.

PulteGroup (NYSE:PHM) last posted 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%. Sell-side analysts expect that PulteGroup, Inc. will post 12.32 earnings per share for the current year.

PulteGroup declared that its board has authorized a share repurchase plan on Thursday, January 30th that allows the company to repurchase $1.50 billion in shares. This repurchase authorization allows the construction company to purchase up to 6.2% of its stock through open market purchases. Stock repurchase plans are generally a sign that the company’s management believes its shares are undervalued.

PulteGroup Dividend Announcement

The business also recently declared 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 of this dividend is Tuesday, March 18th. This represents a $0.88 dividend on an annualized basis and a dividend yield of 0.85%. PulteGroup’s dividend payout ratio (DPR) is presently 5.98%.

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.