Boothbay Fund Management LLC acquired a new position in PulteGroup, Inc. (NYSE:PHM – Get Rating) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 7,800 shares of the construction company’s stock, valued at approximately $293,000.
Other institutional investors and hedge funds have also bought and sold shares of the company. Private Trust Co. NA bought a new position in shares of PulteGroup during the 2nd quarter worth about $29,000. Zions Bancorporation N.A. increased its stake in PulteGroup by 115.2% during the first quarter. Zions Bancorporation N.A. now owns 1,595 shares of the construction company’s stock valued at $67,000 after acquiring an additional 854 shares during the period. Advisors Asset Management Inc. raised its holdings in PulteGroup by 17.6% in the 1st quarter. Advisors Asset Management Inc. now owns 1,749 shares of the construction company’s stock valued at $73,000 after acquiring an additional 262 shares in the last quarter. Forsta AP Fonden bought a new stake in shares of PulteGroup in the 3rd quarter worth approximately $79,000. Finally, Guardian Wealth Advisors LLC bought a new stake in shares of PulteGroup in the 3rd quarter worth approximately $83,000. Institutional investors own 88.07% of the company’s stock.
PulteGroup Trading Up 1.7 %
Shares of PHM opened at $55.19 on Friday. The stock has a fifty day moving average price of $52.27 and a two-hundred day moving average price of $45.19. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.62 and a current ratio of 0.62. The company has a market cap of $12.45 billion, a price-to-earnings ratio of 4.97, a PEG ratio of 0.46 and a beta of 1.31. PulteGroup, Inc. has a 52-week low of $35.03 and a 52-week high of $60.89.
PulteGroup Dividend Announcement
The business also recently declared a quarterly dividend, which will be paid on Tuesday, April 4th. Investors of record on Monday, March 20th will be issued a $0.16 dividend. This represents a $0.64 dividend on an annualized basis and a dividend yield of 1.16%. The ex-dividend date of this dividend is Friday, March 17th. PulteGroup’s dividend payout ratio is currently 5.77%.
Wall Street Analyst Weigh In
A number of research analysts recently commented on PHM shares. KeyCorp upped their target price on PulteGroup from $51.00 to $66.00 and gave the company an “overweight” rating in a research note on Friday, February 3rd. Credit Suisse Group increased their price objective on shares of PulteGroup from $52.00 to $61.00 and gave the company an “outperform” rating in a research note on Wednesday, February 1st. Wedbush lifted their target price on shares of PulteGroup from $47.00 to $57.00 and gave the company a “neutral” rating in a research report on Wednesday, February 1st. Royal Bank of Canada increased their price target on shares of PulteGroup from $46.00 to $54.00 and gave the stock a “sector perform” rating in a research report on Wednesday, February 1st. Finally, The Goldman Sachs Group lifted their price objective on PulteGroup from $45.00 to $50.00 and gave the company a “neutral” rating in a report on Thursday, January 12th. Four analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $61.69.
Insider Buying and Selling
In other PulteGroup news, VP John J. Chadwick sold 29,817 shares of the stock in a transaction on Tuesday, February 14th. The stock was sold at an average price of $56.63, for a total value of $1,688,536.71. Following the transaction, the vice president now directly owns 87,428 shares in the company, valued at approximately $4,951,047.64. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In related news, EVP Todd N. Sheldon sold 15,998 shares of the business’s stock in a transaction that occurred on Thursday, March 2nd. The shares were sold at an average price of $53.83, for a total transaction of $861,172.34. Following the completion of the sale, the executive vice president now directly owns 82,339 shares of the company’s stock, valued at $4,432,308.37. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, VP John J. Chadwick sold 29,817 shares of the stock in a transaction that occurred on Tuesday, February 14th. The shares were sold at an average price of $56.63, for a total transaction of $1,688,536.71. Following the completion of the transaction, the vice president now owns 87,428 shares in the company, valued at $4,951,047.64. The disclosure for this sale can be found here. Insiders sold 50,739 shares of company stock worth $2,845,149 in the last quarter. Insiders own 0.71% of the company’s stock.
PulteGroup Company Profile
PulteGroup, Inc engages in the homebuilding business. The firm is also involved in mortgage banking and title and insurance brokerage operations. It operates through the Homebuilding and Financial services business segments. The Homebuilding segment includes operations from Connecticut, Maryland, Massachusetts, New Jersey, New York, Pennsylvania, Virginia, Georgia, North Carolina, South Carolina, Tennessee, Florida, Illinois, Indiana, Kentucky, Michigan, Minnesota, Missouri, Ohio, Texas, Arizona, California, Nevada, New Mexico, and Washington.
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