Atlas Capital Advisors Inc. Purchases New Shares in PulteGroup, Inc. $PHM

Atlas Capital Advisors Inc. purchased a new stake in shares of PulteGroup, Inc. (NYSE:PHM) during the fourth quarter, HoldingsChannel reports. The fund purchased 8,388 shares of the construction company’s stock, valued at approximately $984,000.

A number of other hedge funds also recently bought and sold shares of the business. Aptus Capital Advisors LLC raised its stake in shares of PulteGroup by 3.9% in the fourth quarter. Aptus Capital Advisors LLC now owns 137,435 shares of the construction company’s stock valued at $16,116,000 after acquiring an additional 5,176 shares during the period. Kestra Advisory Services LLC raised its stake in shares of PulteGroup by 8.0% in the fourth quarter. Kestra Advisory Services LLC now owns 8,494 shares of the construction company’s stock valued at $996,000 after acquiring an additional 626 shares during the period. CreativeOne Wealth LLC raised its stake in shares of PulteGroup by 18.6% in the fourth quarter. CreativeOne Wealth LLC now owns 14,761 shares of the construction company’s stock valued at $1,731,000 after acquiring an additional 2,314 shares during the period. Transamerica Financial Advisors LLC raised its stake in shares of PulteGroup by 73.4% in the fourth quarter. Transamerica Financial Advisors LLC now owns 423 shares of the construction company’s stock valued at $50,000 after acquiring an additional 179 shares during the period. Finally, Parkside Financial Bank & Trust raised its stake in shares of PulteGroup by 111.2% in the fourth quarter. Parkside Financial Bank & Trust now owns 870 shares of the construction company’s stock valued at $102,000 after acquiring an additional 458 shares during the period. Hedge funds and other institutional investors own 89.90% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on the stock. Wells Fargo & Company upped their price target on shares of PulteGroup from $132.00 to $140.00 and gave the stock an “overweight” rating in a report on Friday, April 24th. The Goldman Sachs Group upped their price target on shares of PulteGroup from $133.00 to $142.00 and gave the stock a “neutral” rating in a report on Friday, April 24th. Seaport Research Partners restated a “sell” rating and issued a $100.00 price target (down from $155.00) on shares of PulteGroup in a report on Tuesday, April 7th. Bank of America cut their price target on shares of PulteGroup from $145.00 to $140.00 and set a “buy” rating on the stock in a report on Monday, April 20th. Finally, Citigroup raised their target price on shares of PulteGroup from $136.00 to $138.00 and gave the company a “neutral” rating in a research report on Friday, April 24th. Ten investment analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, PulteGroup currently has a consensus rating of “Moderate Buy” and an average target price of $140.71.

PulteGroup Trading Down 0.0%

NYSE PHM opened at $123.13 on Monday. The company has a debt-to-equity ratio of 0.14, a quick ratio of 0.94 and a current ratio of 0.94. The company has a market capitalization of $23.45 billion, a price-to-earnings ratio of 11.91, a price-to-earnings-growth ratio of 1.56 and a beta of 1.20. The company’s 50-day simple moving average is $119.61 and its two-hundred day simple moving average is $124.21. PulteGroup, Inc. has a one year low of $98.27 and a one year high of $144.49.

PulteGroup (NYSE:PHM) last posted its earnings results on Thursday, April 23rd. The construction company reported $1.79 EPS for the quarter, missing analysts’ consensus estimates of $1.80 by ($0.01). PulteGroup had a net margin of 12.14% and a return on equity of 16.41%. The business had revenue of $3.41 billion for the quarter, compared to analysts’ expectations of $3.40 billion. During the same period last year, the business posted $2.57 EPS. The company’s revenue for the quarter was down 12.4% on a year-over-year basis. Equities analysts forecast that PulteGroup, Inc. will post 10 EPS for the current fiscal year.

PulteGroup Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, July 2nd. Stockholders of record on Tuesday, June 16th will be issued a $0.26 dividend. This represents a $1.04 dividend on an annualized basis and a dividend yield of 0.8%. The ex-dividend date is Tuesday, June 16th. PulteGroup’s dividend payout ratio (DPR) is currently 10.06%.

PulteGroup announced that its board has approved a share repurchase program on Thursday, April 23rd that authorizes the company to repurchase $1.50 billion in shares. This repurchase authorization authorizes the construction company to repurchase up to 6.1% of its stock through open market purchases. Stock repurchase programs are generally a sign that the company’s leadership believes its shares are undervalued.

Insider Transactions at PulteGroup

In other news, Director Lila Snyder sold 3,339 shares of the firm’s stock in a transaction dated Friday, May 8th. The shares were sold at an average price of $117.18, for a total value of $391,264.02. Following the sale, the director directly owned 3,540 shares in the company, valued at approximately $414,817.20. This trade represents a 48.54% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, COO Matthew William Koart sold 7,457 shares of the firm’s stock in a transaction dated Wednesday, May 27th. The shares were sold at an average price of $120.00, for a total transaction of $894,840.00. Following the completion of the sale, the chief operating officer owned 28,100 shares in the company, valued at $3,372,000. This represents a 20.97% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 0.75% of the stock is currently owned by company insiders.

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.