PulteGroup, Inc. (NYSE:PHM) Shares Sold by Affinity Investment Advisors LLC

Affinity Investment Advisors LLC decreased its stake in PulteGroup, Inc. (NYSE:PHMFree Report) by 5.8% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 20,892 shares of the construction company’s stock after selling 1,283 shares during the period. PulteGroup makes up 1.5% of Affinity Investment Advisors LLC’s investment portfolio, making the stock its 11th largest holding. Affinity Investment Advisors LLC’s holdings in PulteGroup were worth $2,156,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Annis Gardner Whiting Capital Advisors LLC acquired a new position in PulteGroup during the third quarter worth about $36,000. Rakuten Securities Inc. acquired a new position in PulteGroup during the fourth quarter valued at approximately $37,000. Lindbrook Capital LLC lifted its position in PulteGroup by 335.6% during the fourth quarter. Lindbrook Capital LLC now owns 379 shares of the construction company’s stock valued at $39,000 after buying an additional 292 shares in the last quarter. ORG Partners LLC lifted its position in PulteGroup by 3,463.6% during the fourth quarter. ORG Partners LLC now owns 392 shares of the construction company’s stock valued at $40,000 after buying an additional 381 shares in the last quarter. Finally, AdvisorNet Financial Inc lifted its position in shares of PulteGroup by 91.5% during the fourth quarter. AdvisorNet Financial Inc now owns 427 shares of the construction company’s stock worth $44,000 after purchasing an additional 204 shares in the last quarter. Institutional investors and hedge funds own 89.90% of the company’s stock.

PulteGroup Stock Down 1.1 %

NYSE:PHM traded down $1.30 during mid-day trading on Tuesday, reaching $117.90. The stock had a trading volume of 1,084,580 shares, compared to its average volume of 1,784,233. The business’s 50 day moving average is $114.02 and its 200 day moving average is $104.70. PulteGroup, Inc. has a fifty-two week low of $65.16 and a fifty-two week high of $122.72. The stock has a market cap of $24.80 billion, a P/E ratio of 9.51, a PEG ratio of 0.53 and a beta of 1.56. 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:PHMGet Free Report) last announced its quarterly earnings results on Tuesday, April 23rd. The construction company reported $2.87 EPS for the quarter, beating the consensus estimate of $2.36 by $0.51. PulteGroup had a return on equity of 25.81% and a net margin of 16.63%. The company had revenue of $3.95 billion for the quarter, compared to the consensus estimate of $3.59 billion. As a group, sell-side analysts predict that PulteGroup, Inc. will post 12.64 earnings per share for the current year.

PulteGroup declared that its Board of Directors has approved a stock repurchase plan on Tuesday, January 30th that authorizes the company to buyback $1.50 billion in outstanding shares. This buyback authorization authorizes the construction company to reacquire up to 6.5% of its stock through open market purchases. Stock buyback plans are usually an indication that the company’s leadership believes its stock is undervalued.

PulteGroup Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, July 2nd. Shareholders of record on Tuesday, June 18th will be issued a dividend of $0.20 per share. The ex-dividend date is Tuesday, June 18th. This represents a $0.80 annualized dividend and a yield of 0.68%. PulteGroup’s dividend payout ratio (DPR) is presently 6.41%.

Analyst Ratings Changes

A number of research analysts have recently commented on PHM shares. Oppenheimer boosted their target price on shares of PulteGroup from $138.00 to $143.00 and gave the stock an “outperform” rating in a research report on Wednesday, April 24th. StockNews.com upgraded shares of PulteGroup from a “hold” rating to a “buy” rating in a research note on Wednesday, April 24th. Jefferies Financial Group boosted their target price on shares of PulteGroup from $126.00 to $131.00 and gave the company a “buy” rating in a research note on Wednesday, April 24th. Zelman & Associates upgraded shares of PulteGroup from a “neutral” rating to an “outperform” rating in a research note on Wednesday, April 24th. Finally, Wedbush restated a “neutral” rating and set a $85.00 price target on shares of PulteGroup in a research report on Wednesday, January 31st. Five equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. Based on data from MarketBeat.com, PulteGroup presently has a consensus rating of “Moderate Buy” and an average price target of $111.87.

Check Out Our Latest Stock Analysis on PulteGroup

About PulteGroup

(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.

See Also

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Institutional Ownership by Quarter for PulteGroup (NYSE:PHM)

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