PulteGroup, Inc. $PHM Shares Sold by Aptus Capital Advisors LLC

Aptus Capital Advisors LLC trimmed its position in shares of PulteGroup, Inc. (NYSE:PHM) by 8.6% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 132,259 shares of the construction company’s stock after selling 12,445 shares during the quarter. Aptus Capital Advisors LLC owned approximately 0.07% of PulteGroup worth $17,475,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Twin Peaks Wealth Advisors LLC acquired a new position in PulteGroup during the second quarter valued at approximately $32,000. Rexford Capital Inc. acquired a new position in PulteGroup during the 2nd quarter valued at approximately $35,000. Private Wealth Management Group LLC grew its position in PulteGroup by 281.7% in the 3rd quarter. Private Wealth Management Group LLC now owns 271 shares of the construction company’s stock worth $36,000 after purchasing an additional 200 shares during the last quarter. True Wealth Design LLC boosted its position in shares of PulteGroup by 229.6% during the third quarter. True Wealth Design LLC now owns 356 shares of the construction company’s stock worth $47,000 after buying an additional 248 shares during the period. Finally, SJS Investment Consulting Inc. lifted its holdings in PulteGroup by 1,423.1% in the third quarter. SJS Investment Consulting Inc. now owns 396 shares of the construction company’s stock worth $52,000 after purchasing an additional 370 shares during the period. 89.90% of the stock is owned by hedge funds and other institutional investors.

PulteGroup Price Performance

PulteGroup stock opened at $127.95 on Friday. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 0.13. PulteGroup, Inc. has a 12-month low of $88.07 and a 12-month high of $144.49. The stock has a market cap of $24.61 billion, a price-to-earnings ratio of 11.51, a P/E/G ratio of 1.51 and a beta of 1.32. The business’s 50-day simple moving average is $130.60 and its 200 day simple moving average is $127.73.

PulteGroup Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, April 2nd. Investors of record on Tuesday, March 17th will be given a $0.26 dividend. The ex-dividend date of this dividend is Tuesday, March 17th. This represents a $1.04 dividend on an annualized basis and a dividend yield of 0.8%. PulteGroup’s payout ratio is currently 9.35%.

Insiders Place Their Bets

In other PulteGroup news, COO Matthew William Koart sold 15,309 shares of the company’s stock in a transaction that occurred on Friday, February 6th. The stock was sold at an average price of $135.79, for a total value of $2,078,809.11. Following the sale, the chief operating officer owned 42,418 shares in the company, valued at $5,759,940.22. This represents a 26.52% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider Ryan Marshall sold 111,250 shares of the company’s stock in a transaction on Thursday, February 5th. The shares were sold at an average price of $133.86, for a total transaction of $14,891,925.00. Following the completion of the transaction, the insider owned 659,392 shares in the company, valued at approximately $88,266,213.12. This represents a 14.44% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 149,952 shares of company stock valued at $20,162,165 in the last ninety days. 0.76% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on PHM shares. JPMorgan Chase & Co. lowered their target price on PulteGroup from $149.00 to $131.00 and set an “overweight” rating on the stock in a report on Tuesday, February 3rd. Barclays set a $115.00 price target on PulteGroup in a report on Monday, December 8th. Wall Street Zen upgraded PulteGroup from a “sell” rating to a “hold” rating in a report on Sunday, January 11th. Raymond James Financial reissued an “outperform” rating and set a $145.00 price target on shares of PulteGroup in a research report on Wednesday, February 4th. Finally, Oppenheimer reissued an “outperform” rating and set a $149.00 target price (up from $140.00) on shares of PulteGroup in a research note on Friday, January 30th. One equities research analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating, six have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, PulteGroup currently has an average rating of “Moderate Buy” and a consensus target price of $142.71.

About PulteGroup

PulteGroup, Inc (NYSE: PHM) is a U.S.-based residential homebuilder that designs, constructs and sells single-family homes and develops master-planned communities. The company operates multiple national and regional brands that target different buyer segments, including first-time buyers, move-up buyers and active-adult customers. Its operations encompass land acquisition and development, home design and construction, community amenities and ongoing customer service and warranty programs.

PulteGroup markets homes under several well-known brands, such as Pulte Homes, Centex and Del Webb, among others, offering a range of product types from entry-level detached homes to larger, higher-end residences and age-restricted active-adult communities.