PulteGroup, Inc. (NYSE:PHM) Shares Purchased by Venturi Wealth Management LLC

Venturi Wealth Management LLC lifted its position in PulteGroup, Inc. (NYSE:PHM) by 1.5% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 15,890 shares of the construction company’s stock after acquiring an additional 228 shares during the period. Venturi Wealth Management LLC’s holdings in PulteGroup were worth $1,730,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently made changes to their positions in the company. Creative Planning boosted its holdings in PulteGroup by 4.0% in the third quarter. Creative Planning now owns 23,639 shares of the construction company’s stock valued at $3,393,000 after purchasing an additional 901 shares during the last quarter. Global Retirement Partners LLC boosted its holdings in PulteGroup by 17.4% in the third quarter. Global Retirement Partners LLC now owns 2,732 shares of the construction company’s stock valued at $392,000 after purchasing an additional 405 shares during the last quarter. OLD National Bancorp IN boosted its holdings in PulteGroup by 5.0% in the third quarter. OLD National Bancorp IN now owns 3,319 shares of the construction company’s stock valued at $476,000 after purchasing an additional 157 shares during the last quarter. Raleigh Capital Management Inc. boosted its holdings in PulteGroup by 5.2% in the third quarter. Raleigh Capital Management Inc. now owns 4,411 shares of the construction company’s stock valued at $633,000 after purchasing an additional 219 shares during the last quarter. Finally, Roof Eidam Maycock Peralta LLC boosted its holdings in PulteGroup by 3.6% in the third quarter. Roof Eidam Maycock Peralta LLC now owns 14,480 shares of the construction company’s stock valued at $2,078,000 after purchasing an additional 500 shares during the last quarter. 89.90% of the stock is owned by institutional investors and hedge funds.

PulteGroup Stock Down 1.7 %

Shares of NYSE PHM opened at $105.63 on Wednesday. The company has a 50 day simple moving average of $112.21 and a 200-day simple moving average of $125.93. The company has a market capitalization of $21.66 billion, a P/E ratio of 7.18, a P/E/G ratio of 0.29 and a beta of 1.68. The company has a debt-to-equity ratio of 0.13, a current ratio of 0.86 and a quick ratio of 0.73. PulteGroup, Inc. has a 1 year low of $100.24 and a 1 year high of $149.47.

PulteGroup (NYSE:PHM) last posted its quarterly earnings data 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 net margin of 17.18% and a return on equity of 24.43%. On average, equities research analysts predict that PulteGroup, Inc. will post 12.43 earnings per share for the current year.

PulteGroup declared that its Board of Directors has approved a stock buyback plan on Thursday, January 30th that allows the company to repurchase $1.50 billion in shares. This repurchase authorization allows the construction company to reacquire up to 6.2% of its shares through open market purchases. Shares repurchase plans are generally a sign that the company’s leadership believes its stock is undervalued.

PulteGroup Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 2nd. Investors of record on Tuesday, March 18th will be given a dividend of $0.22 per share. The ex-dividend date is Tuesday, March 18th. This represents a $0.88 dividend on an annualized basis and a dividend yield of 0.83%. PulteGroup’s payout ratio is currently 5.98%.

Insider Buying and Selling

In related news, VP Brien P. O’meara sold 3,500 shares of the 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 approximately $1,209,980.80. This trade represents a 23.53 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP Todd N. Sheldon sold 15,191 shares of the stock in a transaction that occurred on Thursday, February 13th. The stock was sold at an average price of $106.50, for a total transaction of $1,617,841.50. Following the transaction, the executive vice president now directly owns 74,758 shares of the company’s stock, valued at $7,961,727. The trade was a 16.89 % decrease in their position. The disclosure for this sale can be found here. In 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.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on the stock. Oppenheimer lowered their target price on shares of PulteGroup from $165.00 to $150.00 and set an “outperform” rating on the stock in a research note on Friday, January 31st. The Goldman Sachs Group decreased their price target 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. Wedbush reaffirmed an “outperform” rating and issued a $135.00 price target on shares of PulteGroup in a research note on Friday, January 31st. Seaport Res Ptn lowered shares of PulteGroup from a “hold” rating to a “strong sell” rating in a research note on Monday, January 27th. Finally, 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 research note on Monday, January 27th. 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 stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target 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.