PulteGroup, Inc. $PHM Shares Purchased by Banque Cantonale Vaudoise

Banque Cantonale Vaudoise grew its position in shares of PulteGroup, Inc. (NYSE:PHM) by 163.4% during the 1st quarter, according to the company in its most recent filing with the SEC. The firm owned 7,130 shares of the construction company’s stock after purchasing an additional 4,423 shares during the quarter. Banque Cantonale Vaudoise’s holdings in PulteGroup were worth $839,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Golden State Wealth Management LLC raised its position in PulteGroup by 18.3% in the fourth quarter. Golden State Wealth Management LLC now owns 484 shares of the construction company’s stock worth $57,000 after acquiring an additional 75 shares in the last quarter. Evergreen Capital Management LLC grew its stake in shares of PulteGroup by 2.8% in the 2nd quarter. Evergreen Capital Management LLC now owns 2,875 shares of the construction company’s stock worth $304,000 after purchasing an additional 78 shares during the last quarter. Stephens Inc. AR grew its stake in shares of PulteGroup by 3.5% in the 4th quarter. Stephens Inc. AR now owns 2,350 shares of the construction company’s stock worth $276,000 after purchasing an additional 80 shares during the last quarter. Perigon Wealth Management LLC raised its holdings in shares of PulteGroup by 3.6% in the 4th quarter. Perigon Wealth Management LLC now owns 2,672 shares of the construction company’s stock worth $313,000 after purchasing an additional 92 shares in the last quarter. Finally, Opal Wealth Advisors LLC raised its holdings in shares of PulteGroup by 4.8% in the 4th quarter. Opal Wealth Advisors LLC now owns 2,169 shares of the construction company’s stock worth $254,000 after purchasing an additional 99 shares in the last quarter. Institutional investors own 89.90% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on PHM shares. Barclays reduced their target price on shares of PulteGroup from $115.00 to $112.00 and set an “equal weight” rating for the company in a report on Wednesday, April 8th. Truist Financial dropped their price target on PulteGroup from $170.00 to $150.00 and set a “buy” rating on the stock in a report on Thursday, April 16th. Bank of America cut their price objective on PulteGroup from $145.00 to $140.00 and set a “buy” rating for the company in a research report on Monday, April 20th. Evercore raised their price objective on PulteGroup from $146.00 to $151.00 and gave the stock an “outperform” rating in a research note on Friday, April 24th. Finally, Oppenheimer restated an “outperform” rating on shares of PulteGroup in a report on Tuesday, May 26th. Ten analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company. According to MarketBeat.com, PulteGroup presently has a consensus rating of “Moderate Buy” and an average target price of $140.71.

Insider Activity

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

PulteGroup Stock Performance

PulteGroup stock opened at $137.74 on Friday. PulteGroup, Inc. has a fifty-two week low of $104.04 and a fifty-two week high of $144.49. The firm’s 50 day simple moving average is $121.34 and its 200-day simple moving average is $124.30. The company has a debt-to-equity ratio of 0.14, a current ratio of 0.94 and a quick ratio of 0.94. The company has a market cap of $26.24 billion, a P/E ratio of 13.32, a price-to-earnings-growth ratio of 1.75 and a beta of 1.20.

PulteGroup (NYSE:PHM) last posted its quarterly earnings data 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 return on equity of 16.41% and a net margin of 12.14%.The firm had revenue of $3.41 billion during the quarter, compared to analyst estimates of $3.40 billion. During the same period in the prior year, the business posted $2.57 EPS. The company’s revenue for the quarter was down 12.4% on a year-over-year basis. As a group, equities research analysts predict that PulteGroup, Inc. will post 9.95 EPS for the current year.

PulteGroup Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, July 2nd. Investors of record on Tuesday, June 16th will be paid a $0.26 dividend. This represents a $1.04 annualized dividend and a yield of 0.8%. The ex-dividend date of this dividend is Tuesday, June 16th. PulteGroup’s dividend payout ratio is currently 10.06%.

PulteGroup announced that its Board of Directors has initiated a share repurchase plan on Thursday, April 23rd that authorizes the company to buyback $1.50 billion in shares. This buyback authorization authorizes the construction company to buy up to 6.1% of its shares through open market purchases. Shares buyback plans are generally a sign that the company’s leadership believes its stock is undervalued.

About PulteGroup

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.