Altman Advisors Inc. Acquires New Holdings in PulteGroup, Inc. $PHM

Altman Advisors Inc. bought a new position in shares of PulteGroup, Inc. (NYSE:PHM) during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm bought 15,481 shares of the construction company’s stock, valued at approximately $2,046,000.

A number of other institutional investors have also recently added to or reduced their stakes in the business. Evergreen Capital Management LLC raised its stake in shares of 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 acquiring an additional 78 shares during the last quarter. Fidelis Capital Partners LLC grew 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 during the last quarter. Apella Capital LLC grew 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 during the last quarter. CWM LLC increased its holdings in 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 increased its holdings in 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 owned by institutional investors.

PulteGroup Stock Performance

Shares of PHM opened at $127.95 on Monday. 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 firm’s fifty day simple moving average is $130.60 and its two-hundred day simple moving average is $127.72. PulteGroup, Inc. has a 12 month low of $88.07 and a 12 month high of $144.49. The stock has a market capitalization of $24.61 billion, a P/E ratio of 11.51, a price-to-earnings-growth ratio of 1.49 and a beta of 1.32.

PulteGroup Dividend Announcement

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

Insider Buying and Selling at PulteGroup

In other PulteGroup news, EVP Kevin A. Henry sold 5,173 shares of the stock in a transaction that occurred on Tuesday, February 24th. The stock was sold at an average price of $141.03, for a total transaction of $729,548.19. Following the transaction, the executive vice president directly owned 14,673 shares in the company, valued at approximately $2,069,333.19. This represents a 26.07% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, COO Matthew William Koart sold 15,309 shares of the firm’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 transaction of $2,078,809.11. Following the sale, the chief operating officer directly owned 42,418 shares of the company’s stock, valued at approximately $5,759,940.22. This trade represents a 26.52% decrease in their position. 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 over the last ninety days. Insiders own 0.76% of the company’s stock.

Wall Street Analysts Forecast Growth

PHM has been the topic of several recent research reports. Raymond James Financial reaffirmed an “outperform” rating and set a $145.00 target price on shares of PulteGroup in a report on Wednesday, February 4th. BTIG Research assumed coverage on PulteGroup in a research note on Monday, December 1st. They issued a “neutral” rating for the company. Weiss Ratings upgraded PulteGroup from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Monday, January 12th. Evercore lifted their price objective on PulteGroup from $134.00 to $143.00 in a research note on Friday, January 30th. Finally, JPMorgan Chase & Co. reduced 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. One investment 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 issued a Sell rating to the company’s stock. According to MarketBeat, PulteGroup currently has an average rating of “Moderate Buy” and an average 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.