CSat Investment Advisory L.P. increased its stake in shares of PulteGroup, Inc. (NYSE:PHM) by 34.2% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 1,469 shares of the construction company’s stock after purchasing an additional 374 shares during the period. CSat Investment Advisory L.P.’s holdings in PulteGroup were worth $38,000 as of its most recent filing with the Securities & Exchange Commission.
Several other institutional investors and hedge funds also recently added to or reduced their stakes in PHM. Empirical Finance LLC purchased a new stake in PulteGroup during the 4th quarter valued at about $1,414,000. Jefferies Group LLC grew its stake in PulteGroup by 544.8% during the 3rd quarter. Jefferies Group LLC now owns 99,730 shares of the construction company’s stock valued at $2,470,000 after acquiring an additional 84,262 shares in the last quarter. Eqis Capital Management Inc. grew its stake in PulteGroup by 102.7% during the 4th quarter. Eqis Capital Management Inc. now owns 48,122 shares of the construction company’s stock valued at $1,251,000 after acquiring an additional 24,384 shares in the last quarter. Zweig DiMenna Associates LLC purchased a new stake in PulteGroup during the 4th quarter valued at about $940,000. Finally, Connor Clark & Lunn Investment Management Ltd. grew its stake in PulteGroup by 36.6% during the 4th quarter. Connor Clark & Lunn Investment Management Ltd. now owns 329,218 shares of the construction company’s stock valued at $8,556,000 after acquiring an additional 88,187 shares in the last quarter. Hedge funds and other institutional investors own 86.41% of the company’s stock.
In other news, insider Ryan Marshall sold 15,000 shares of the stock in a transaction that occurred on Friday, February 22nd. The shares were sold at an average price of $27.81, for a total value of $417,150.00. Following the completion of the sale, the insider now owns 453,996 shares of the company’s stock, valued at approximately $12,625,628.76. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Corporate insiders own 0.86% of the company’s stock.
PulteGroup stock opened at $26.58 on Friday. PulteGroup, Inc. has a 1-year low of $20.64 and a 1-year high of $33.04. The company has a debt-to-equity ratio of 0.63, a current ratio of 0.77 and a quick ratio of 0.77. The company has a market capitalization of $7.29 billion, a PE ratio of 7.40, a PEG ratio of 1.22 and a beta of 0.79.
PulteGroup (NYSE:PHM) last posted its quarterly earnings results on Tuesday, January 29th. The construction company reported $1.11 earnings per share for the quarter, beating the consensus estimate of $1.09 by $0.02. PulteGroup had a net margin of 10.03% and a return on equity of 22.51%. The business had revenue of $3 billion during the quarter, compared to analysts’ expectations of $2.90 billion. During the same quarter in the prior year, the company posted $0.85 EPS. The business’s revenue for the quarter was up 7.3% on a year-over-year basis. As a group, equities analysts forecast that PulteGroup, Inc. will post 3.19 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Wednesday, April 3rd. Stockholders of record on Friday, March 15th will be paid a $0.11 dividend. The ex-dividend date of this dividend is Thursday, March 14th. This represents a $0.44 annualized dividend and a dividend yield of 1.66%. PulteGroup’s dividend payout ratio (DPR) is 12.26%.
PHM has been the subject of several research reports. BTIG Research cut shares of PulteGroup from a “neutral” rating to a “sell” rating and set a $23.00 price objective for the company. in a research note on Thursday, January 17th. Raymond James cut shares of PulteGroup from an “outperform” rating to a “market perform” rating in a research note on Thursday, February 14th. ValuEngine cut shares of PulteGroup from a “hold” rating to a “sell” rating in a research note on Thursday, January 17th. Zacks Investment Research cut shares of PulteGroup from a “hold” rating to a “sell” rating in a research note on Friday, February 1st. Finally, Royal Bank of Canada cut shares of PulteGroup from a “sector perform” rating to an “underperform” rating and set a $25.00 price objective for the company. in a research note on Friday, January 11th. They noted that the move was a valuation call. Five research analysts have rated the stock with a sell rating, ten have issued a hold rating and three have issued a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average target price of $28.07.
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PulteGroup, Inc, through its subsidiaries, primarily engages in the homebuilding business in the United States. The company acquires and develops land primarily for residential purposes; and constructs housing on such land. It offers various home designs, including single-family detached, townhouses, condominiums, and duplexes under the Centex, Pulte Homes, Del Webb, DiVosta Homes, and John Wieland Homes and Neighborhoods brand names.
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