Denali Advisors LLC Has $514,000 Holdings in PulteGroup, Inc. (NYSE:PHM)

Denali Advisors LLC raised its holdings in PulteGroup, Inc. (NYSE:PHM) by 17.6% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 4,717 shares of the construction company’s stock after buying an additional 706 shares during the period. Denali Advisors LLC’s holdings in PulteGroup were worth $514,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Ashton Thomas Private Wealth LLC raised its position in PulteGroup by 3.0% during the third quarter. Ashton Thomas Private Wealth LLC now owns 3,054 shares of the construction company’s stock valued at $438,000 after purchasing an additional 88 shares in the last quarter. Richardson Financial Services Inc. boosted its holdings in shares of PulteGroup by 16.7% in the 4th quarter. Richardson Financial Services Inc. now owns 622 shares of the construction company’s stock valued at $68,000 after purchasing an additional 89 shares in the last quarter. Premier Path Wealth Partners LLC raised its holdings in shares of PulteGroup by 3.8% during the 4th quarter. Premier Path Wealth Partners LLC now owns 2,572 shares of the construction company’s stock worth $280,000 after buying an additional 95 shares in the last quarter. Verdence Capital Advisors LLC raised its holdings in shares of PulteGroup by 2.8% during the 3rd quarter. Verdence Capital Advisors LLC now owns 3,598 shares of the construction company’s stock worth $516,000 after buying an additional 97 shares in the last quarter. Finally, Fortitude Family Office LLC lifted its position in shares of 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. 89.90% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other news, VP Brien P. O’meara sold 3,500 shares of PulteGroup stock in a transaction dated Thursday, February 13th. The stock was sold at an average price of $106.40, for a total value of $372,400.00. Following the completion of the transaction, the vice president now directly owns 11,372 shares of the company’s stock, valued at approximately $1,209,980.80. This trade represents a 23.53 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP Todd N. Sheldon sold 15,191 shares of the company’s stock in a transaction dated 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 sale, the executive vice president now owns 74,758 shares in the company, valued at approximately $7,961,727. The trade was a 16.89 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 21,191 shares of company stock valued at $2,256,367 over the last quarter. Insiders own 0.75% of the company’s stock.

PulteGroup Trading Down 1.7 %

NYSE PHM opened at $104.41 on Thursday. 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 $21.14 billion, a PE ratio of 7.10, a price-to-earnings-growth ratio of 0.29 and a beta of 1.68. The business’s 50-day moving average price is $110.23 and its two-hundred day moving average price is $124.99.

PulteGroup (NYSE:PHM) last announced its earnings results on Thursday, January 30th. The construction company reported $3.50 EPS for the quarter, beating the consensus estimate 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 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 Dividend Announcement

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 paid a dividend of $0.22 per share. This represents a $0.88 dividend on an annualized basis and a yield of 0.84%. The ex-dividend date is Tuesday, March 18th. PulteGroup’s dividend payout ratio is presently 5.98%.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on the company. Bank of America decreased their target price on PulteGroup from $135.00 to $134.00 and set a “buy” rating on the stock in a research report on Monday, January 27th. Wells Fargo & Company decreased their price target on shares of PulteGroup from $165.00 to $140.00 and set an “overweight” rating on the stock in a report on Tuesday, December 17th. Wedbush reissued an “outperform” rating and issued a $135.00 price objective on shares of PulteGroup in a research note on Friday, January 31st. Citigroup decreased their target price on shares of PulteGroup from $146.00 to $119.00 and set a “neutral” rating on the stock in a research note on Monday, January 6th. Finally, UBS Group upped their price target on shares of PulteGroup from $148.00 to $151.00 and gave the stock a “buy” rating in a report on Friday, January 31st. One analyst has rated the stock with a sell rating, six have assigned a hold rating and eleven have assigned a buy rating to the company’s stock. Based on data from MarketBeat, PulteGroup has an average rating of “Moderate Buy” and an average target price of $140.86.

PulteGroup 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.