PulteGroup, Inc. (NYSE:PHM) Shares Sold by Janus Henderson Group PLC

Janus Henderson Group PLC lowered its stake in shares of PulteGroup, Inc. (NYSE:PHM) by 10.2% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 27,493 shares of the construction company’s stock after selling 3,131 shares during the quarter. Janus Henderson Group PLC’s holdings in PulteGroup were worth $2,995,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Richardson Financial Services Inc. lifted its holdings in shares of PulteGroup by 16.7% during the fourth quarter. Richardson Financial Services Inc. now owns 622 shares of the construction company’s stock worth $68,000 after purchasing an additional 89 shares during the period. Meridian Wealth Management LLC raised its position in PulteGroup by 0.7% during the 4th quarter. Meridian Wealth Management LLC now owns 13,224 shares of the construction company’s stock worth $1,440,000 after buying an additional 95 shares during the last quarter. Fidelis Capital Partners LLC raised its position in PulteGroup by 2.4% during the 4th quarter. Fidelis Capital Partners LLC now owns 4,384 shares of the construction company’s stock worth $479,000 after buying an additional 103 shares during the last quarter. TD Waterhouse Canada Inc. lifted its stake in shares of PulteGroup by 43.0% in the 4th quarter. TD Waterhouse Canada Inc. now owns 349 shares of the construction company’s stock worth $38,000 after acquiring an additional 105 shares during the period. Finally, 1858 Wealth Management LLC boosted its holdings in shares of PulteGroup by 5.0% in the fourth quarter. 1858 Wealth Management LLC now owns 2,349 shares of the construction company’s stock valued at $256,000 after acquiring an additional 112 shares in the last quarter. 89.90% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on the stock. Evercore ISI increased their price target on shares of PulteGroup from $161.00 to $165.00 and gave the stock an “outperform” rating in a report on Wednesday, April 23rd. UBS Group reduced their price target on PulteGroup from $151.00 to $141.00 and set a “buy” rating for the company in a report on Wednesday, April 23rd. Seaport Res Ptn upgraded PulteGroup from a “strong sell” rating to a “hold” rating in a research note on Thursday, March 6th. Wedbush reaffirmed an “outperform” rating and set a $135.00 price objective on shares of PulteGroup in a report on Tuesday, April 22nd. Finally, Barclays reduced their target price on PulteGroup from $100.00 to $98.00 and set an “equal weight” rating for the company in a report on Wednesday, April 23rd. Seven equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $134.69.

PulteGroup Stock Down 1.8%

Shares of NYSE PHM opened at $101.17 on Wednesday. The firm’s 50-day moving average is $100.85 and its two-hundred day moving average is $110.74. The company has a market capitalization of $20.28 billion, a PE ratio of 6.88, a price-to-earnings-growth ratio of 0.29 and a beta of 1.37. PulteGroup, Inc. has a 12-month low of $88.07 and a 12-month high of $149.47. The company has a debt-to-equity ratio of 0.13, a current ratio of 0.86 and a quick ratio of 0.86.

PulteGroup (NYSE:PHM) last posted its earnings results on Tuesday, April 22nd. The construction company reported $2.57 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.47 by $0.10. The firm had revenue of $3.89 billion for the quarter, compared to analyst estimates of $3.86 billion. PulteGroup had a return on equity of 24.43% and a net margin of 17.18%. During the same quarter in the prior year, the company earned $3.10 EPS. Equities analysts anticipate that PulteGroup, Inc. will post 12.32 EPS for the current fiscal year.

PulteGroup declared that its board has initiated a share buyback plan on Thursday, January 30th that permits the company to repurchase $1.50 billion in outstanding shares. This repurchase authorization permits the construction company to purchase up to 6.2% of its stock through open market purchases. Stock repurchase plans are generally an indication that the company’s management believes its shares are undervalued.

PulteGroup Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 2nd. Investors of record on Tuesday, June 17th will be paid a dividend of $0.22 per share. This represents a $0.88 dividend on an annualized basis and a dividend yield of 0.87%. The ex-dividend date of this dividend is Tuesday, June 17th. PulteGroup’s payout ratio is currently 6.21%.

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.