Unique Wealth Strategies LLC Takes Position in PulteGroup, Inc. (NYSE:PHM)

Unique Wealth Strategies LLC acquired a new position in PulteGroup, Inc. (NYSE:PHM) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 13,362 shares of the construction company’s stock, valued at approximately $1,379,000. PulteGroup makes up about 0.9% of Unique Wealth Strategies LLC’s holdings, making the stock its 26th largest holding.

A number of other hedge funds also recently bought and sold shares of PHM. Arlington Trust Co LLC bought a new position in shares of PulteGroup in the 3rd quarter worth $33,000. Baystate Wealth Management LLC lifted its position in shares of PulteGroup by 186.5% during the third quarter. Baystate Wealth Management LLC now owns 490 shares of the construction company’s stock valued at $36,000 after buying an additional 319 shares during the last quarter. Annis Gardner Whiting Capital Advisors LLC purchased a new stake in shares of PulteGroup during the third quarter valued at about $36,000. Rakuten Securities Inc. purchased a new position in shares of PulteGroup in the 4th quarter worth approximately $37,000. Finally, Lindbrook Capital LLC raised its stake in shares of PulteGroup by 335.6% during the 4th quarter. Lindbrook Capital LLC now owns 379 shares of the construction company’s stock worth $39,000 after acquiring an additional 292 shares in the last quarter. Hedge funds and other institutional investors own 89.90% of the company’s stock.

Analyst Upgrades and Downgrades

PHM has been the topic of several analyst reports. StockNews.com raised shares of PulteGroup from a “hold” rating to a “buy” rating in a report on Wednesday. Royal Bank of Canada upped their target price on PulteGroup from $106.00 to $113.00 and gave the company a “sector perform” rating in a research report on Wednesday. UBS Group downgraded PulteGroup from a “buy” rating to a “neutral” rating and raised their price target for the stock from $93.00 to $120.00 in a report on Thursday, January 4th. Barclays upped 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, Zelman & Associates upgraded shares of PulteGroup from a “neutral” rating to an “outperform” rating in a research note on Wednesday. Five equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. Based on data from MarketBeat, PulteGroup currently has a consensus rating of “Moderate Buy” and an average target price of $111.73.

Insiders Place Their Bets

In other news, VP Brien P. O’meara sold 2,000 shares of the firm’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 value of $206,180.00. Following the transaction, the vice president now 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 is accessible through this hyperlink. 0.83% of the stock is owned by company insiders.

PulteGroup Price Performance

Shares of NYSE:PHM traded up $2.44 during midday trading on Friday, reaching $113.80. 1,747,255 shares of the company’s stock traded hands, compared to its average volume of 1,741,133. The company has a fifty day simple moving average of $111.28 and a two-hundred day simple moving average of $99.42. PulteGroup, Inc. has a 1 year low of $64.70 and a 1 year high of $121.07. The company has a market cap of $23.94 billion, a P/E ratio of 9.11, a PEG ratio of 0.51 and a beta of 1.56. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.86 and a current 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 for the quarter, topping analysts’ consensus estimates of $3.21 by $0.07. PulteGroup had a net margin of 16.63% and a return on equity of 25.81%. The company had revenue of $4.29 billion during the quarter, compared to analysts’ expectations of $4.47 billion. During the same period in the prior year, the business posted $3.63 earnings per share. The firm’s revenue for the quarter was down 15.5% on a year-over-year basis. Equities analysts predict that PulteGroup, Inc. will post 12.28 EPS for the current fiscal year.

PulteGroup Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, April 2nd. Investors of record on Friday, March 15th were issued a $0.20 dividend. This represents a $0.80 annualized dividend and a yield of 0.70%. The ex-dividend date was Thursday, March 14th. PulteGroup’s payout ratio is 6.41%.

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

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.