Duality Advisers LP Makes New Investment in PulteGroup, Inc. (NYSE:PHM)

Duality Advisers LP bought a new position in PulteGroup, Inc. (NYSE:PHM) during the first quarter, according to its most recent disclosure with the SEC. The firm bought 117,070 shares of the construction company’s stock, valued at approximately $3,273,000.

A number of other institutional investors also recently made changes to their positions in the stock. Burt Wealth Advisors bought a new stake in PulteGroup during the fourth quarter valued at about $26,000. CSat Investment Advisory L.P. grew its position in shares of PulteGroup by 34.2% during the fourth quarter. CSat Investment Advisory L.P. now owns 1,469 shares of the construction company’s stock valued at $38,000 after purchasing an additional 374 shares in the last quarter. Private Capital Group LLC grew its position in shares of PulteGroup by 103.8% during the first quarter. Private Capital Group LLC now owns 1,620 shares of the construction company’s stock valued at $45,000 after purchasing an additional 825 shares in the last quarter. Kwmg LLC purchased a new position in shares of PulteGroup during the first quarter valued at about $45,000. Finally, Valley National Advisers Inc. grew its position in PulteGroup by 1,702.0% in the first quarter. Valley National Advisers Inc. now owns 1,838 shares of the construction company’s stock worth $51,000 after acquiring an additional 1,736 shares in the last quarter. 84.74% of the stock is currently owned by institutional investors.

In other PulteGroup news, insider Michelle H. Hairston sold 10,000 shares of the firm’s stock in a transaction that occurred on Friday, May 31st. The shares were sold at an average price of $31.25, for a total value of $312,500.00. Following the completion of the transaction, the insider now owns 62,933 shares of the company’s stock, valued at approximately $1,966,656.25. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Robert Oshaughnessy sold 95,738 shares of the firm’s stock in a transaction that occurred on Tuesday, April 30th. The shares were sold at an average price of $31.42, for a total transaction of $3,008,087.96. Following the completion of the transaction, the chief financial officer now directly owns 334,213 shares of the company’s stock, valued at approximately $10,500,972.46. The disclosure for this sale can be found here. In the last three months, insiders sold 157,846 shares of company stock valued at $4,959,732. Corporate insiders own 0.49% of the company’s stock.

PHM has been the subject of several recent analyst reports. JPMorgan Chase & Co. upgraded PulteGroup from an “underweight” rating to a “neutral” rating and boosted their target price for the company from $24.00 to $25.50 in a research report on Wednesday, April 10th. Zacks Investment Research downgraded shares of PulteGroup from a “hold” rating to a “sell” rating in a research note on Monday, April 22nd. Buckingham Research lifted their price target on shares of PulteGroup from $28.00 to $31.00 and gave the company a “neutral” rating in a research note on Tuesday, April 16th. Barclays set a $28.00 price target on shares of PulteGroup and gave the company a “hold” rating in a research note on Thursday, March 28th. Finally, BTIG Research raised shares of PulteGroup from a “sell” rating to a “neutral” rating and set a $31.35 price target for the company in a research note on Wednesday, April 24th. Two research analysts have rated the stock with a sell rating, twelve have given a hold rating and three have issued a buy rating to the company’s stock. PulteGroup presently has an average rating of “Hold” and a consensus price target of $28.53.

Shares of PulteGroup stock traded up $0.50 during trading hours on Monday, reaching $32.12. The stock had a trading volume of 4,118,715 shares, compared to its average volume of 4,300,217. PulteGroup, Inc. has a twelve month low of $20.64 and a twelve month high of $33.15. The company has a quick ratio of 0.72, a current ratio of 0.72 and a debt-to-equity ratio of 0.61. The company’s 50 day simple moving average is $32.04. The stock has a market cap of $8.76 billion, a price-to-earnings ratio of 8.95, a PEG ratio of 1.38 and a beta of 0.76.

PulteGroup (NYSE:PHM) last released its quarterly earnings data on Tuesday, April 23rd. The construction company reported $0.59 EPS for the quarter, beating the Zacks’ consensus estimate of $0.47 by $0.12. The company had revenue of $2 billion during the quarter, compared to the consensus estimate of $1.93 billion. PulteGroup had a net margin of 9.97% and a return on equity of 21.65%. PulteGroup’s quarterly revenue was up 1.4% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.59 EPS. On average, analysts forecast that PulteGroup, Inc. will post 3.4 EPS for the current year.

The company also recently declared a quarterly dividend, which will be paid on Wednesday, July 3rd. Stockholders of record on Friday, June 14th will be paid a $0.11 dividend. The ex-dividend date of this dividend is Thursday, June 13th. This represents a $0.44 annualized dividend and a dividend yield of 1.37%. PulteGroup’s dividend payout ratio (DPR) is 12.26%.

PulteGroup Company Profile

PulteGroup, Inc, through its subsidiaries, primarily engages in the homebuilding business in the United States. The company acquires and develops land primarily for residential purposes; and constructs housing on such land. It offers various home designs, including single-family detached, townhouses, condominiums, and duplexes under the Centex, Pulte Homes, Del Webb, DiVosta Homes, and John Wieland Homes and Neighborhoods brand names.

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Institutional Ownership by Quarter for PulteGroup (NYSE:PHM)

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