Dorato Capital Management Buys Shares of 22,390 PulteGroup, Inc. $PHM

Dorato Capital Management bought a new position in shares of PulteGroup, Inc. (NYSE:PHM) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 22,390 shares of the construction company’s stock, valued at approximately $2,625,000. PulteGroup accounts for approximately 2.0% of Dorato Capital Management’s investment portfolio, making the stock its 7th largest holding.

A number of other large investors also recently modified their holdings of the business. Franklin Resources Inc. boosted its holdings in shares of PulteGroup by 5.0% in the 3rd quarter. Franklin Resources Inc. now owns 12,900,271 shares of the construction company’s stock valued at $1,704,513,000 after buying an additional 609,640 shares during the period. First Trust Advisors LP raised its stake in PulteGroup by 13.3% during the third quarter. First Trust Advisors LP now owns 3,623,917 shares of the construction company’s stock worth $478,828,000 after acquiring an additional 424,011 shares during the period. Invesco Ltd. lifted its holdings in PulteGroup by 0.9% in the second quarter. Invesco Ltd. now owns 2,634,275 shares of the construction company’s stock worth $277,811,000 after acquiring an additional 23,051 shares during the last quarter. Massachusetts Financial Services Co. MA acquired a new position in PulteGroup in the third quarter valued at approximately $315,883,000. Finally, Bank of America Corp DE boosted its stake in PulteGroup by 13.1% in the second quarter. Bank of America Corp DE now owns 1,755,241 shares of the construction company’s stock valued at $185,108,000 after acquiring an additional 202,870 shares during the period. 89.90% of the stock is currently owned by institutional investors.

Insider Activity at PulteGroup

In related news, insider Ryan Marshall sold 111,250 shares of the firm’s stock in a transaction that occurred on Thursday, February 5th. The shares were sold at an average price of $133.86, for a total transaction of $14,891,925.00. Following the transaction, the insider owned 659,392 shares in the company, valued at $88,266,213.12. This trade represents a 14.44% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Kevin A. Henry sold 5,173 shares of the firm’s stock in a transaction that occurred on Tuesday, February 24th. The shares were sold at an average price of $141.03, for a total transaction of $729,548.19. Following the transaction, the executive vice president owned 14,673 shares in the company, valued at $2,069,333.19. This represents a 26.07% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 149,952 shares of company stock worth $20,162,165 in the last three months. Insiders own 0.75% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on PHM shares. Weiss Ratings upgraded PulteGroup from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Monday, January 12th. Evercore boosted their price objective on PulteGroup from $134.00 to $143.00 in a research report on Friday, January 30th. Oppenheimer restated an “outperform” rating and set a $149.00 price objective (up from $140.00) on shares of PulteGroup in a research note on Friday, January 30th. Citigroup increased their target price on PulteGroup from $128.00 to $136.00 and gave the stock a “neutral” rating in a research report on Tuesday, February 3rd. Finally, Barclays set a $115.00 price target on shares of PulteGroup in a report on Monday, December 8th. One investment analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating, six have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $142.71.

PulteGroup Price Performance

Shares of PHM opened at $117.33 on Friday. PulteGroup, Inc. has a one year low of $88.07 and a one year high of $144.49. The stock’s fifty day moving average is $128.20 and its 200-day moving average is $125.79. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.01 and a current ratio of 1.01. The firm has a market capitalization of $22.48 billion, a price-to-earnings ratio of 10.55, a price-to-earnings-growth ratio of 1.36 and a beta of 1.33.

PulteGroup Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, April 2nd. Shareholders of record on Tuesday, March 17th were paid a dividend of $0.26 per share. The ex-dividend date of this dividend was Tuesday, March 17th. This represents a $1.04 annualized dividend and a yield of 0.9%. PulteGroup’s dividend payout ratio (DPR) is presently 9.35%.

PulteGroup Profile

PulteGroup, Inc (NYSE: PHM) is a U.S.-based residential homebuilder that designs, constructs and sells single-family homes and develops master-planned communities. The company operates multiple national and regional brands that target different buyer segments, including first-time buyers, move-up buyers and active-adult customers. Its operations encompass land acquisition and development, home design and construction, community amenities and ongoing customer service and warranty programs.

PulteGroup markets homes under several well-known brands, such as Pulte Homes, Centex and Del Webb, among others, offering a range of product types from entry-level detached homes to larger, higher-end residences and age-restricted active-adult communities.