RFG Advisory LLC Has $307,000 Position in PulteGroup, Inc. (NYSE:PHM)

RFG Advisory LLC cut its stake in shares of PulteGroup, Inc. (NYSE:PHM) by 13.1% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 2,971 shares of the construction company’s stock after selling 446 shares during the quarter. RFG Advisory LLC’s holdings in PulteGroup were worth $307,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. American Century Companies Inc. lifted its stake in shares of PulteGroup by 9.5% in the 1st quarter. American Century Companies Inc. now owns 55,196 shares of the construction company’s stock valued at $2,313,000 after purchasing an additional 4,799 shares during the period. Cetera Advisor Networks LLC acquired a new position in shares of PulteGroup in the 1st quarter valued at about $221,000. PNC Financial Services Group Inc. lifted its stake in shares of PulteGroup by 1.7% in the 1st quarter. PNC Financial Services Group Inc. now owns 22,505 shares of the construction company’s stock valued at $945,000 after purchasing an additional 382 shares during the period. Acadian Asset Management LLC lifted its stake in shares of PulteGroup by 11.1% in the 1st quarter. Acadian Asset Management LLC now owns 4,487 shares of the construction company’s stock valued at $188,000 after purchasing an additional 449 shares during the period. Finally, MetLife Investment Management LLC lifted its stake in shares of PulteGroup by 26.7% in the 1st quarter. MetLife Investment Management LLC now owns 70,856 shares of the construction company’s stock valued at $2,969,000 after purchasing an additional 14,918 shares during the period. 89.90% of the stock is owned by institutional investors and hedge funds.

Insider Activity

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 value of $206,180.00. Following the completion of the transaction, the vice president now directly owns 15,389 shares of the company’s stock, valued at $1,586,452.01. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. 0.83% of the stock is currently owned by corporate insiders.

PulteGroup Stock Performance

Shares of PHM opened at $110.89 on Friday. The company has a debt-to-equity ratio of 0.19, a quick ratio of 0.86 and a current ratio of 0.86. The stock has a 50 day moving average price of $110.15 and a two-hundred day moving average price of $96.90. The firm has a market capitalization of $23.40 billion, a P/E ratio of 9.45, a P/E/G ratio of 0.54 and a beta of 1.56. PulteGroup, Inc. has a 52 week low of $59.19 and a 52 week high of $121.07.

PulteGroup (NYSE:PHM) last released its earnings results 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 25.97% and a net margin of 16.20%. PulteGroup’s quarterly revenue was down 15.5% on a year-over-year basis. During the same period in the prior year, the company posted $3.63 earnings per share. Equities analysts forecast that PulteGroup, Inc. will post 11.79 earnings per share for the current fiscal year.

PulteGroup declared that its board has approved a stock repurchase plan on Tuesday, January 30th that permits the company to repurchase $1.50 billion in outstanding shares. This repurchase authorization permits the construction company to buy up to 6.5% of its stock through open market purchases. Stock repurchase plans are typically an indication that the company’s management believes its shares are undervalued.

PulteGroup Announces Dividend

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

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on PHM shares. Citigroup upped their price target on PulteGroup from $116.00 to $127.00 and gave the stock a “neutral” rating in a research note on Friday, April 5th. The Goldman Sachs Group upped their price target on PulteGroup from $91.00 to $105.00 and gave the stock a “neutral” rating in a research note on Thursday, January 11th. Barclays upped their price target on PulteGroup from $126.00 to $136.00 and gave the stock an “overweight” rating in a research note on Thursday, April 4th. UBS Group downgraded PulteGroup from a “buy” rating to a “neutral” rating and upped their price target for the stock from $93.00 to $120.00 in a research note on Thursday, January 4th. Finally, Royal Bank of Canada upped their price target on PulteGroup from $103.00 to $106.00 and gave the stock a “sector perform” rating in a research note on Wednesday, January 31st. Six equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $106.47.

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.