Florida Financial Advisors LLC Acquires 716 Shares of PulteGroup, Inc. (NYSE:PHM)

Florida Financial Advisors LLC grew its stake in PulteGroup, Inc. (NYSE:PHM) by 24.0% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,703 shares of the construction company’s stock after purchasing an additional 716 shares during the quarter. Florida Financial Advisors LLC’s holdings in PulteGroup were worth $403,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of the stock. Richardson Financial Services Inc. lifted its stake in PulteGroup by 16.7% during the fourth quarter. Richardson Financial Services Inc. now owns 622 shares of the construction company’s stock worth $68,000 after purchasing an additional 89 shares during the last quarter. Premier Path Wealth Partners LLC increased its position in PulteGroup by 3.8% in the 4th quarter. Premier Path Wealth Partners LLC now owns 2,572 shares of the construction company’s stock valued at $280,000 after acquiring an additional 95 shares during the period. Meridian Wealth Management LLC lifted its holdings in shares of PulteGroup by 0.7% during the fourth quarter. Meridian Wealth Management LLC now owns 13,224 shares of the construction company’s stock worth $1,440,000 after purchasing an additional 95 shares during the period. Fidelis Capital Partners LLC grew its position in shares of PulteGroup by 2.4% in the 4th quarter. Fidelis Capital Partners LLC now owns 4,384 shares of the construction company’s stock valued at $479,000 after buying an additional 103 shares during the last quarter. Finally, Wedmont Private Capital lifted its holdings in PulteGroup by 3.7% in the fourth quarter. Wedmont Private Capital now owns 3,050 shares of the construction company’s stock valued at $328,000 after buying an additional 110 shares during the period. Institutional investors own 89.90% of the company’s stock.

Insider Buying and Selling at PulteGroup

In other news, EVP Todd N. Sheldon sold 15,191 shares of the business’s stock in a transaction 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 transaction, 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, 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 transaction of $266,125.00. Following the transaction, the director now directly owns 56,617 shares of the company’s stock, valued at $6,026,879.65. This trade represents a 4.23 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 21,191 shares of company stock valued at $2,256,367. Company insiders own 0.83% of the company’s stock.

PulteGroup Stock Up 3.1 %

Shares of PulteGroup stock opened at $105.90 on Tuesday. The stock has a market capitalization of $21.44 billion, a PE ratio of 7.20, a price-to-earnings-growth ratio of 0.29 and a beta of 1.71. The company has a debt-to-equity ratio of 0.13, a quick ratio of 0.86 and a current ratio of 0.86. The company has a 50-day simple moving average of $108.48 and a two-hundred day simple moving average of $122.01. PulteGroup, Inc. has a 52-week low of $100.35 and a 52-week high of $149.47.

PulteGroup (NYSE:PHM) last issued its earnings results on Thursday, January 30th. The construction company reported $3.50 earnings per share 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, analysts anticipate that PulteGroup, Inc. will post 12.32 EPS for the current fiscal year.

PulteGroup announced that its board has initiated a stock buyback program on Thursday, January 30th that permits the company to repurchase $1.50 billion in shares. This repurchase authorization permits the construction company to buy up to 6.2% of its stock through open market purchases. Stock repurchase programs are generally a sign that the company’s management believes its shares are undervalued.

PulteGroup Dividend Announcement

The business 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 of this dividend is Tuesday, March 18th. This represents a $0.88 dividend on an annualized basis and a yield of 0.83%. PulteGroup’s dividend payout ratio is currently 5.98%.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on PHM. The Goldman Sachs Group cut 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. Barclays dropped their target price on PulteGroup from $125.00 to $117.00 and set an “equal weight” rating on the stock in a report on Friday, January 31st. Bank of America reduced their target price on shares of PulteGroup from $135.00 to $134.00 and set a “buy” rating for the company in a research note on Monday, January 27th. Oppenheimer decreased their price objective on shares of PulteGroup from $165.00 to $150.00 and set an “outperform” rating for the company in a research note on Friday, January 31st. Finally, Wedbush restated an “outperform” rating and set a $135.00 price target on shares of PulteGroup in a research note on Friday, January 31st. Seven investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. Based on data from MarketBeat, PulteGroup currently has a consensus rating of “Moderate Buy” and an average target price 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.