Unique Wealth Strategies LLC Buys Shares of 13,362 PulteGroup, Inc. (NYSE:PHM)

Unique Wealth Strategies LLC purchased a new position in shares of PulteGroup, Inc. (NYSE:PHM) in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 13,362 shares of the construction company’s stock, valued at approximately $1,379,000. PulteGroup makes up about 0.9% of Unique Wealth Strategies LLC’s holdings, making the stock its 26th biggest holding.

A number of other hedge funds and other institutional investors have also made changes to their positions in the business. Greenhaven Associates Inc. boosted its stake in PulteGroup by 0.4% in the 4th quarter. Greenhaven Associates Inc. now owns 5,726,368 shares of the construction company’s stock worth $591,076,000 after buying an additional 24,350 shares during the last quarter. FMR LLC boosted its position in shares of PulteGroup by 1.8% in the third quarter. FMR LLC now owns 5,484,469 shares of the construction company’s stock worth $406,125,000 after acquiring an additional 95,945 shares during the last quarter. Invesco Ltd. grew its holdings in PulteGroup by 13.3% in the third quarter. Invesco Ltd. now owns 4,432,965 shares of the construction company’s stock valued at $328,261,000 after purchasing an additional 522,032 shares during the period. Morgan Stanley grew its holdings in PulteGroup by 2.0% in the third quarter. Morgan Stanley now owns 3,115,877 shares of the construction company’s stock valued at $230,731,000 after purchasing an additional 61,953 shares during the period. Finally, Pacer Advisors Inc. increased its position in PulteGroup by 54.6% during the fourth quarter. Pacer Advisors Inc. now owns 3,003,713 shares of the construction company’s stock worth $310,043,000 after purchasing an additional 1,060,466 shares during the last quarter. Hedge funds and other institutional investors own 89.90% of the company’s stock.

Insider Activity at PulteGroup

In other PulteGroup news, VP Brien P. O’meara sold 2,000 shares of the company’s stock in a transaction that occurred on Tuesday, February 6th. The stock was sold at an average price of $103.09, for a total value of $206,180.00. Following the completion of the sale, the vice president now directly owns 15,389 shares in the company, valued at $1,586,452.01. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 0.83% of the company’s stock.

PulteGroup Stock Performance

Shares of NYSE:PHM traded up $2.44 on Friday, hitting $113.80. The company’s stock had a trading volume of 1,747,255 shares, compared to its average volume of 1,741,133. The company has a market capitalization of $23.94 billion, a price-to-earnings ratio of 9.11, a price-to-earnings-growth ratio of 0.51 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. PulteGroup, Inc. has a 12 month low of $64.70 and a 12 month high of $121.07. The stock’s 50-day moving average is $111.28 and its two-hundred day moving average is $99.42.

PulteGroup (NYSE:PHM) last posted its quarterly earnings data on Tuesday, January 30th. The construction company reported $3.28 earnings per share for the quarter, topping the consensus estimate of $3.21 by $0.07. The business had revenue of $4.29 billion during the quarter, compared to the consensus estimate of $4.47 billion. PulteGroup had a net margin of 16.63% and a return on equity of 25.81%. The company’s quarterly revenue was down 15.5% compared to the same quarter last year. During the same quarter in the prior year, the company posted $3.63 earnings per share. On average, equities research analysts forecast that PulteGroup, Inc. will post 12.28 EPS for the current year.

PulteGroup announced that its Board of Directors has authorized a share buyback plan on Tuesday, January 30th that allows the company to repurchase $1.50 billion in shares. This repurchase authorization allows the construction company to repurchase up to 6.5% of its shares through open market purchases. Shares repurchase plans are generally a sign that the company’s management believes its shares are undervalued.

PulteGroup Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, April 2nd. Stockholders of record on Friday, March 15th were issued a $0.20 dividend. This represents a $0.80 annualized dividend and a dividend yield of 0.70%. The ex-dividend date was Thursday, March 14th. PulteGroup’s dividend payout ratio (DPR) is presently 6.41%.

Analysts Set New Price Targets

A number of brokerages recently weighed in on PHM. Barclays lifted their target price on PulteGroup from $126.00 to $136.00 and gave the company an “overweight” rating in a report on Thursday, April 4th. Raymond James reiterated an “outperform” rating and set a $135.00 target price (up previously from $120.00) on shares of PulteGroup in a report on Thursday. UBS Group lowered shares of PulteGroup from a “buy” rating to a “neutral” rating and raised their price target for the company from $93.00 to $120.00 in a report on Thursday, January 4th. Oppenheimer lifted their price target on shares of PulteGroup from $138.00 to $143.00 and gave the company an “outperform” rating in a research report on Wednesday. Finally, Zelman & Associates raised PulteGroup from a “neutral” rating to an “outperform” rating in a report on Wednesday. Five investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. According to data from MarketBeat, PulteGroup presently has a consensus rating of “Moderate Buy” and a consensus target price of $111.73.

PulteGroup 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.