17,563 Shares in PulteGroup, Inc. (NYSE:PHM) Purchased by Sequoia Financial Advisors LLC

Sequoia Financial Advisors LLC purchased a new position in PulteGroup, Inc. (NYSE:PHM) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 17,563 shares of the construction company’s stock, valued at approximately $1,813,000.

Other large investors also recently bought and sold shares of the company. Vanguard Group Inc. grew its position in shares of PulteGroup by 1.0% in the 1st quarter. Vanguard Group Inc. now owns 27,748,609 shares of the construction company’s stock worth $1,162,667,000 after buying an additional 261,934 shares during the last quarter. State Street Corp lifted its holdings in shares of PulteGroup by 2.3% during the 1st quarter. State Street Corp now owns 10,343,160 shares of the construction company’s stock valued at $604,439,000 after purchasing an additional 228,040 shares during the last quarter. Greenhaven Associates Inc. boosted its position in shares of PulteGroup by 0.4% in the 4th quarter. Greenhaven Associates Inc. now owns 5,726,368 shares of the construction company’s stock worth $591,076,000 after purchasing an additional 24,350 shares in the last quarter. FMR LLC grew its stake in PulteGroup by 1.8% during the 3rd quarter. FMR LLC now owns 5,484,469 shares of the construction company’s stock worth $406,125,000 after buying an additional 95,945 shares during the last quarter. Finally, First Trust Advisors LP increased its position in PulteGroup by 29.4% during the 1st quarter. First Trust Advisors LP now owns 4,850,407 shares of the construction company’s stock valued at $203,232,000 after buying an additional 1,101,565 shares in the last quarter. Hedge funds and other institutional investors own 89.90% of the company’s stock.

Insider Transactions at PulteGroup

In related news, VP Brien P. O’meara sold 2,000 shares of PulteGroup stock in a transaction on Tuesday, February 6th. The shares were sold at an average price of $103.09, for a total value of $206,180.00. Following the sale, the vice president now owns 15,389 shares of the company’s stock, valued at approximately $1,586,452.01. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 0.83% of the company’s stock.

PulteGroup Stock Up 0.3 %

PulteGroup stock opened at $110.89 on Friday. The company has a quick ratio of 0.86, a current ratio of 0.86 and a debt-to-equity ratio of 0.19. The firm has a market cap of $23.40 billion, a price-to-earnings ratio of 9.45, a price-to-earnings-growth ratio of 0.54 and a beta of 1.56. The business’s 50-day moving average price is $110.15 and its 200 day moving average price is $96.90. PulteGroup, Inc. has a 52 week low of $59.19 and a 52 week high of $121.07.

PulteGroup (NYSE:PHM) last released its quarterly earnings data on Tuesday, January 30th. The construction company reported $3.28 earnings per share for the quarter, beating analysts’ consensus estimates of $3.21 by $0.07. PulteGroup had a net margin of 16.20% and a return on equity of 25.97%. The company had revenue of $4.29 billion during the quarter, compared to analysts’ expectations of $4.47 billion. During the same quarter in the previous year, the company earned $3.63 earnings per share. The firm’s revenue for the quarter was down 15.5% on a year-over-year basis. As a group, sell-side analysts anticipate that PulteGroup, Inc. will post 11.79 earnings per share for the current year.

PulteGroup declared that its Board of Directors has approved a share repurchase plan on Tuesday, January 30th that permits the company to buyback $1.50 billion in shares. This buyback authorization permits the construction company to buy up to 6.5% of its shares through open market purchases. Shares buyback plans are usually a sign that the company’s board of directors believes its shares are undervalued.

PulteGroup Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, April 2nd. Shareholders of record on Friday, March 15th were issued 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 currently 6.81%.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on the company. Wedbush reissued a “neutral” rating and issued a $85.00 price target on shares of PulteGroup in a report on Wednesday, January 31st. Raymond James boosted their target price on shares of PulteGroup from $100.00 to $120.00 and gave the stock an “outperform” rating in a research report on Monday, February 5th. The Goldman Sachs Group raised their price target on shares of PulteGroup from $91.00 to $105.00 and gave the stock a “neutral” rating in a report on Thursday, January 11th. Barclays boosted their price objective on shares of PulteGroup from $126.00 to $136.00 and gave the company an “overweight” rating in a report on Thursday, April 4th. Finally, Citigroup raised their target price on PulteGroup from $116.00 to $127.00 and gave the stock a “neutral” rating in a research note on Friday, April 5th. Six equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. Based on data from MarketBeat.com, PulteGroup currently has a consensus rating of “Moderate Buy” and an average price target of $106.47.

PulteGroup Profile

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.