Simplicity Solutions LLC Has $348,000 Position in PulteGroup, Inc. (NYSE:PHM)

Simplicity Solutions LLC grew its stake in PulteGroup, Inc. (NYSE:PHM) by 15.2% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 3,374 shares of the construction company’s stock after purchasing an additional 445 shares during the period. Simplicity Solutions LLC’s holdings in PulteGroup were worth $348,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently made changes to their positions in the stock. Clear Street Markets LLC raised its holdings in PulteGroup by 90.9% in the 1st quarter. Clear Street Markets LLC now owns 441 shares of the construction company’s stock valued at $26,000 after buying an additional 210 shares during the last quarter. Coppell Advisory Solutions Corp. bought a new position in PulteGroup during the 4th quarter worth approximately $26,000. Coppell Advisory Solutions LLC bought a new position in PulteGroup during the 2nd quarter worth approximately $29,000. Arlington Trust Co LLC bought a new position in PulteGroup during the 3rd quarter worth approximately $33,000. Finally, Baystate Wealth Management LLC raised its holdings in PulteGroup by 186.5% during the 3rd quarter. Baystate Wealth Management LLC now owns 490 shares of the construction company’s stock worth $36,000 after purchasing an additional 319 shares during the last quarter. 89.90% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at PulteGroup

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

Wall Street Analyst Weigh In

Several analysts have recently weighed in on the stock. StockNews.com lowered shares of PulteGroup from a “buy” rating to a “hold” rating in a research note on Saturday, March 2nd. The Goldman Sachs Group lifted their price objective on shares of PulteGroup from $91.00 to $105.00 and gave the company a “neutral” rating in a research note on Thursday, January 11th. Royal Bank of Canada lifted their price objective on shares of PulteGroup from $103.00 to $106.00 and gave the company a “sector perform” rating in a research note on Wednesday, January 31st. Raymond James lifted their price objective on shares of PulteGroup from $100.00 to $120.00 and gave the company an “outperform” rating in a research note on Monday, February 5th. Finally, Citigroup lifted their price target on shares of PulteGroup from $116.00 to $127.00 and gave the company a “neutral” rating in a research report on Friday, April 5th. Six analysts have rated the stock with a hold rating and eight have given a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $106.47.

PulteGroup Price Performance

PHM opened at $105.45 on Friday. The company has a debt-to-equity ratio of 0.19, a current ratio of 0.86 and a quick ratio of 0.86. The company has a market capitalization of $22.25 billion, a price-to-earnings ratio of 8.98, a P/E/G ratio of 0.51 and a beta of 1.56. The firm’s fifty day moving average price is $110.49 and its two-hundred day moving average price is $98.05. PulteGroup, Inc. has a 1 year low of $62.18 and a 1 year high of $121.07.

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, topping analysts’ consensus estimates of $3.21 by $0.07. The firm had revenue of $4.29 billion for the quarter, compared to the consensus estimate of $4.47 billion. PulteGroup had a net margin of 16.20% and a return on equity of 25.97%. The business’s revenue for the quarter was down 15.5% compared to the same quarter last year. During the same period in the previous year, the firm earned $3.63 EPS. As a group, analysts anticipate that PulteGroup, Inc. will post 11.79 earnings per share for the current fiscal year.

PulteGroup announced that its Board of Directors has initiated a share buyback 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 repurchase up to 6.5% of its stock through open market purchases. Stock repurchase plans are generally a sign that the company’s board believes its stock is 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 paid a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a dividend yield of 0.76%. The ex-dividend date of this dividend was Thursday, March 14th. PulteGroup’s payout ratio is 6.81%.

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.