Cwm LLC Grows Position in PulteGroup, Inc. (NYSE:PHM)

Cwm LLC boosted its position in PulteGroup, Inc. (NYSE:PHM) by 3.9% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 10,855 shares of the construction company’s stock after purchasing an additional 406 shares during the period. Cwm LLC’s holdings in PulteGroup were worth $1,120,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. Nordea Investment Management AB boosted its position in PulteGroup by 4.0% in the fourth quarter. Nordea Investment Management AB now owns 753,768 shares of the construction company’s stock worth $78,030,000 after purchasing an additional 28,833 shares during the last quarter. Illinois Municipal Retirement Fund raised its stake in PulteGroup by 24.9% during the 3rd quarter. Illinois Municipal Retirement Fund now owns 26,341 shares of the construction company’s stock valued at $1,951,000 after purchasing an additional 5,257 shares during the period. American Century Companies Inc. raised 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 period. International Assets Investment Management LLC bought a new stake in PulteGroup during the 4th quarter valued at approximately $6,111,000. Finally, Louisiana State Employees Retirement System bought a new stake in PulteGroup during the 4th quarter valued at approximately $1,342,000. 89.90% of the stock is owned by hedge funds and other institutional investors.

PulteGroup Price Performance

Shares of PulteGroup stock opened at $113.80 on Friday. The stock has a market cap of $23.94 billion, a price-to-earnings ratio of 9.11, a price-to-earnings-growth ratio of 0.53 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. The stock has a 50 day moving average price of $111.28 and a 200-day moving average price of $99.59. PulteGroup, Inc. has a one year low of $64.70 and a one 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, beating analysts’ consensus estimates of $3.21 by $0.07. PulteGroup had a return on equity of 25.81% and a net margin of 16.63%. The company had revenue of $4.29 billion during the quarter, compared to analysts’ expectations of $4.47 billion. During the same quarter in the previous year, the business earned $3.63 EPS. PulteGroup’s revenue was down 15.5% compared to the same quarter last year. Equities analysts expect that PulteGroup, Inc. will post 12.66 EPS for the current year.

PulteGroup Dividend Announcement

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

PulteGroup announced that its Board of Directors has authorized a share buyback plan on Tuesday, January 30th that permits the company to buyback $1.50 billion in shares. This buyback authorization permits the construction company to purchase up to 6.5% of its shares through open market purchases. Shares buyback plans are often an indication that the company’s leadership believes its stock is undervalued.

Wall Street Analyst Weigh In

PHM has been the topic of several recent analyst reports. StockNews.com raised PulteGroup from a “hold” rating to a “buy” rating in a research note on Wednesday. The Goldman Sachs Group lifted their target price on PulteGroup from $91.00 to $105.00 and gave the company a “neutral” rating in a research note on Thursday, January 11th. Barclays raised their price target on PulteGroup from $126.00 to $136.00 and gave the company an “overweight” rating in a report on Thursday, April 4th. Jefferies Financial Group raised their price target on PulteGroup from $126.00 to $131.00 and gave the company a “buy” rating in a report on Wednesday. Finally, Wedbush restated a “neutral” rating and set a $85.00 price target on shares of PulteGroup in a report on Wednesday, January 31st. Five investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. According to MarketBeat, PulteGroup has an average rating of “Moderate Buy” and a consensus target price of $111.73.

Insider Activity at PulteGroup

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

About PulteGroup

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.