CreativeOne Wealth LLC Reduces Holdings in PulteGroup, Inc. $PHM

CreativeOne Wealth LLC lowered its position in PulteGroup, Inc. (NYSE:PHM) by 36.3% in the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 12,447 shares of the construction company’s stock after selling 7,087 shares during the quarter. CreativeOne Wealth LLC’s holdings in PulteGroup were worth $1,645,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Evergreen Capital Management LLC lifted its holdings in PulteGroup by 2.8% during the second quarter. Evergreen Capital Management LLC now owns 2,875 shares of the construction company’s stock valued at $304,000 after purchasing an additional 78 shares during the last quarter. Fidelis Capital Partners LLC increased its stake in shares of PulteGroup by 1.0% in the second quarter. Fidelis Capital Partners LLC now owns 8,760 shares of the construction company’s stock worth $924,000 after purchasing an additional 85 shares in the last quarter. Apella Capital LLC increased its stake in shares of PulteGroup by 4.2% in the third quarter. Apella Capital LLC now owns 2,163 shares of the construction company’s stock worth $268,000 after purchasing an additional 87 shares in the last quarter. CWM LLC raised its position in shares of PulteGroup by 0.6% in the third quarter. CWM LLC now owns 14,308 shares of the construction company’s stock valued at $1,890,000 after purchasing an additional 92 shares during the period. Finally, Wilmington Savings Fund Society FSB raised its position in shares of PulteGroup by 5.7% in the third quarter. Wilmington Savings Fund Society FSB now owns 1,736 shares of the construction company’s stock valued at $229,000 after purchasing an additional 94 shares during the period. 89.90% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In related news, EVP Todd N. Sheldon sold 14,220 shares of PulteGroup stock in a transaction on Friday, February 6th. The stock was sold at an average price of $135.01, for a total transaction of $1,919,842.20. Following the completion of the sale, the executive vice president owned 69,753 shares of the company’s stock, valued at approximately $9,417,352.53. This trade represents a 16.93% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Brien P. O’meara sold 4,000 shares of the business’s stock in a transaction dated Friday, February 6th. The stock was sold at an average price of $135.51, for a total value of $542,040.00. Following the transaction, the vice president owned 8,601 shares of the company’s stock, valued at approximately $1,165,521.51. The trade was a 31.74% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 149,952 shares of company stock valued at $20,162,165 in the last ninety days. 0.76% of the stock is owned by insiders.

PulteGroup Price Performance

Shares of NYSE:PHM opened at $124.29 on Wednesday. The company has a 50 day moving average of $130.88 and a 200 day moving average of $127.67. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 0.13. The stock has a market cap of $23.91 billion, a P/E ratio of 11.18, a P/E/G ratio of 1.47 and a beta of 1.32. PulteGroup, Inc. has a 12 month low of $88.07 and a 12 month high of $144.49.

PulteGroup Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, April 2nd. Stockholders of record on Tuesday, March 17th will be issued a $0.26 dividend. The ex-dividend date of this dividend is Tuesday, March 17th. This represents a $1.04 annualized dividend and a dividend yield of 0.8%. PulteGroup’s dividend payout ratio is presently 9.35%.

Analyst Upgrades and Downgrades

PHM has been the subject of several analyst reports. Barclays set a $115.00 price objective on shares of PulteGroup in a report on Monday, December 8th. UBS Group dropped their target price on PulteGroup from $160.00 to $159.00 and set a “buy” rating on the stock in a research report on Tuesday, January 6th. Oppenheimer reaffirmed an “outperform” rating and issued a $149.00 price target (up from $140.00) on shares of PulteGroup in a report on Friday, January 30th. Wells Fargo & Company lifted their price target on PulteGroup from $132.00 to $150.00 and gave the company an “overweight” rating in a research report on Wednesday, January 14th. Finally, The Goldman Sachs Group boosted their price objective on PulteGroup from $144.00 to $150.00 and gave the company a “neutral” rating in a research note on Tuesday, February 17th. One investment analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating, six have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $142.71.

PulteGroup Profile

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.