Clarius Group LLC Has $780,000 Stock Position in PulteGroup, Inc. (NYSE:PHM)

Clarius Group LLC decreased its stake in PulteGroup, Inc. (NYSE:PHMFree Report) by 2.8% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 7,559 shares of the construction company’s stock after selling 220 shares during the period. Clarius Group LLC’s holdings in PulteGroup were worth $780,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also modified their holdings of PHM. Clear Street Markets LLC grew its stake in shares of PulteGroup by 90.9% in the first quarter. Clear Street Markets LLC now owns 441 shares of the construction company’s stock worth $26,000 after acquiring an additional 210 shares during the last quarter. Coppell Advisory Solutions Corp. bought a new position in PulteGroup in the fourth quarter worth $26,000. Coppell Advisory Solutions LLC bought a new position in PulteGroup in the second quarter worth $29,000. Arlington Trust Co LLC bought a new position in PulteGroup in the third quarter worth $33,000. Finally, Baystate Wealth Management LLC lifted its position in PulteGroup by 186.5% in the third quarter. Baystate Wealth Management LLC now owns 490 shares of the construction company’s stock worth $36,000 after purchasing an additional 319 shares during the period. Institutional investors and hedge funds own 89.90% of the company’s stock.

PulteGroup Price Performance

PulteGroup stock opened at $110.89 on Friday. The firm has a market capitalization of $23.40 billion, a P/E ratio of 9.45, a PEG ratio of 0.54 and a beta of 1.56. PulteGroup, Inc. has a 1 year low of $59.19 and a 1 year high of $121.07. The business has a 50-day moving average of $110.15 and a 200-day moving average of $96.90. The company has a current ratio of 0.86, a quick ratio of 0.86 and a debt-to-equity ratio of 0.19.

PulteGroup (NYSE:PHMGet Free Report) last issued its quarterly earnings data on Tuesday, January 30th. The construction company reported $3.28 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.21 by $0.07. PulteGroup had a return on equity of 25.97% and a net margin of 16.20%. The business had revenue of $4.29 billion during the quarter, compared to analyst estimates of $4.47 billion. During the same period in the previous year, the firm earned $3.63 EPS. PulteGroup’s quarterly revenue was down 15.5% compared to the same quarter last year. On average, equities analysts anticipate that PulteGroup, Inc. will post 11.79 EPS for the current year.

PulteGroup Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, April 2nd. Shareholders of record on Friday, March 15th were paid a $0.20 dividend. This represents a $0.80 annualized dividend and a yield of 0.72%. The ex-dividend date was Thursday, March 14th. PulteGroup’s payout ratio is 6.81%.

PulteGroup declared that its board has authorized a share repurchase program on Tuesday, January 30th that allows the company to buyback $1.50 billion in outstanding shares. This buyback authorization allows the construction company to repurchase up to 6.5% of its shares through open market purchases. Shares buyback programs are generally a sign that the company’s management believes its shares are undervalued.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on the company. StockNews.com cut PulteGroup from a “buy” rating to a “hold” rating in a report on Saturday, March 2nd. Raymond James lifted their price objective on PulteGroup from $100.00 to $120.00 and gave the company an “outperform” rating in a report on Monday, February 5th. Wedbush reaffirmed a “neutral” rating and issued a $85.00 price target on shares of PulteGroup in a report on Wednesday, January 31st. Citigroup lifted their price target on PulteGroup from $116.00 to $127.00 and gave the company a “neutral” rating in a report on Friday, April 5th. Finally, Royal Bank of Canada lifted their price target on PulteGroup from $103.00 to $106.00 and gave the company a “sector perform” rating in a report on Wednesday, January 31st. Six investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. According to data from MarketBeat.com, PulteGroup currently has a consensus rating of “Moderate Buy” and an average price target of $106.47.

Check Out Our Latest Stock Report on PHM

Insider Buying and Selling at PulteGroup

In other news, VP Brien P. O’meara sold 2,000 shares of the company’s stock in a transaction that occurred on Tuesday, February 6th. The stock was sold at an average price of $103.09, for a total transaction of $206,180.00. Following the sale, the vice president now owns 15,389 shares in the company, valued at approximately $1,586,452.01. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Company insiders own 0.83% of the company’s stock.

PulteGroup Profile

(Free Report)

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.

Further Reading

Institutional Ownership by Quarter for PulteGroup (NYSE:PHM)

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