Savant Capital LLC Has $970,000 Stock Position in PulteGroup, Inc. (NYSE:PHM)

Savant Capital LLC increased its position in shares of PulteGroup, Inc. (NYSE:PHM) by 6.7% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 9,397 shares of the construction company’s stock after buying an additional 594 shares during the quarter. Savant Capital LLC’s holdings in PulteGroup were worth $970,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the company. Certuity LLC bought a new position in shares of PulteGroup in the 4th quarter worth $245,000. Nordea Investment Management AB lifted its stake in shares of PulteGroup by 4.0% in the fourth quarter. Nordea Investment Management AB now owns 753,768 shares of the construction company’s stock valued at $78,030,000 after buying an additional 28,833 shares in the last quarter. Illinois Municipal Retirement Fund grew its holdings in shares of PulteGroup by 24.9% during the third quarter. Illinois Municipal Retirement Fund now owns 26,341 shares of the construction company’s stock valued at $1,951,000 after buying an additional 5,257 shares during the last quarter. Truist Financial Corp increased its position in shares of PulteGroup by 248.6% during the fourth quarter. Truist Financial Corp now owns 191,219 shares of the construction company’s stock worth $19,738,000 after acquiring an additional 136,370 shares in the last quarter. Finally, American Century Companies Inc. boosted its stake in PulteGroup by 65.0% during the 3rd quarter. American Century Companies Inc. now owns 224,978 shares of the construction company’s stock valued at $16,660,000 after purchasing an additional 88,638 shares during the last quarter. Institutional investors own 89.90% of the company’s stock.

PulteGroup Stock Up 2.5 %

PHM opened at $116.64 on Friday. The firm has a market capitalization of $24.53 billion, a P/E ratio of 9.34, a price-to-earnings-growth ratio of 0.51 and a beta of 1.56. PulteGroup, Inc. has a one year low of $65.16 and a one year high of $121.07. The company has a fifty day moving average price of $112.06 and a 200-day moving average price of $100.51. The company has a debt-to-equity ratio of 0.18, a current ratio of 0.85 and a quick ratio of 0.85.

PulteGroup (NYSE:PHM) last posted 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. The company had revenue of $4.29 billion during the quarter, compared to analyst estimates of $4.47 billion. PulteGroup had a return on equity of 25.81% and a net margin of 16.63%. The firm’s quarterly revenue was down 15.5% on a year-over-year basis. During the same quarter last year, the company earned $3.63 earnings per share. Equities research analysts expect that PulteGroup, Inc. will post 12.66 earnings per share for the current fiscal year.

PulteGroup announced that its board has authorized a share buyback plan on Tuesday, January 30th that permits the company to buyback $1.50 billion in outstanding shares. This buyback authorization permits the construction company to reacquire up to 6.5% of its stock through open market purchases. Stock buyback plans are typically a sign that the company’s leadership believes its stock is undervalued.

Insider Activity

In related 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 shares were sold at an average price of $103.09, for a total value of $206,180.00. Following the transaction, the vice president now directly owns 15,389 shares in the company, valued at $1,586,452.01. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Corporate insiders own 0.83% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have recently weighed in on the company. Oppenheimer raised their target price on PulteGroup from $138.00 to $143.00 and gave the company an “outperform” rating in a report on Wednesday, April 24th. Zelman & Associates upgraded shares of PulteGroup from a “neutral” rating to an “outperform” rating in a report on Wednesday, April 24th. Barclays lifted their target price on shares of PulteGroup from $126.00 to $136.00 and gave the stock an “overweight” rating in a research report on Thursday, April 4th. Citigroup increased their price target on PulteGroup from $116.00 to $127.00 and gave the company a “neutral” rating in a research report on Friday, April 5th. Finally, StockNews.com upgraded PulteGroup from a “hold” rating to a “buy” rating in a research note on Wednesday, April 24th. Five equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, PulteGroup currently has a consensus rating of “Moderate Buy” and an average target price of $111.73.

PulteGroup Company 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.