Sib LLC Maintains Stake in PulteGroup, Inc. (PHM)

Sib LLC held its position in PulteGroup, Inc. (NYSE:PHM) during the first quarter, Holdings Channel reports. The firm owned 29,055 shares of the company’s stock at the end of the first quarter. PulteGroup accounts for approximately 0.6% of Sib LLC’s investment portfolio, making the stock its 22nd largest position. Sib LLC’s holdings in PulteGroup were worth $684,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Capstone Asset Management Co. raised its position in PulteGroup by 13.6% in the first quarter. Capstone Asset Management Co. now owns 43,920 shares of the company’s stock valued at $1,034,000 after buying an additional 5,250 shares during the last quarter. Regentatlantic Capital LLC raised its position in PulteGroup by 20.7% in the first quarter. Regentatlantic Capital LLC now owns 48,772 shares of the company’s stock valued at $1,149,000 after buying an additional 8,355 shares during the last quarter. Bank of Montreal Can raised its position in PulteGroup by 8.7% in the first quarter. Bank of Montreal Can now owns 292,090 shares of the company’s stock valued at $6,878,000 after buying an additional 23,403 shares during the last quarter. P.R. Herzig & Co. Inc. purchased a new position in PulteGroup during the first quarter valued at $1,618,000. Finally, Gulf International Bank UK Ltd raised its position in PulteGroup by 2.0% in the first quarter. Gulf International Bank UK Ltd now owns 98,405 shares of the company’s stock valued at $2,317,000 after buying an additional 1,900 shares during the last quarter. 88.78% of the stock is currently owned by institutional investors and hedge funds.

Institutional Ownership by Quarter for PulteGroup (NYSE:PHM)

Shares of PulteGroup, Inc. (NYSE:PHM) traded up 0.29% during mid-day trading on Thursday, reaching $23.84. 2,266,433 shares of the company’s stock traded hands. The company has a market cap of $7.58 billion, a price-to-earnings ratio of 13.64 and a beta of 1.24. PulteGroup, Inc. has a 12 month low of $17.58 and a 12 month high of $24.05. The company has a 50 day moving average of $23.13 and a 200 day moving average of $20.43.

PulteGroup (NYSE:PHM) last announced its earnings results on Thursday, January 26th. The company reported $0.67 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.59 by $0.08. PulteGroup had a return on equity of 12.29% and a net margin of 7.86%. The business had revenue of $2.40 billion for the quarter, compared to analysts’ expectations of $2.32 billion. During the same period in the prior year, the business posted $0.57 earnings per share. The firm’s revenue was up 20.9% on a year-over-year basis. Analysts expect that PulteGroup, Inc. will post $2.23 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which was paid on Tuesday, April 4th. Investors of record on Friday, March 10th were issued a $0.09 dividend. This represents a $0.36 annualized dividend and a yield of 1.51%. The ex-dividend date was Wednesday, March 8th. PulteGroup’s payout ratio is presently 20.22%.

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Several research firms recently weighed in on PHM. Barclays PLC reissued an “overweight” rating and set a $24.00 price objective (up previously from $23.00) on shares of PulteGroup in a research note on Tuesday, March 7th. FBR & Co raised shares of PulteGroup from a “market perform” rating to an “outperform” rating and lifted their price objective for the stock from $23.00 to $26.00 in a research note on Tuesday, February 14th. BTIG Research began coverage on shares of PulteGroup in a research note on Tuesday, February 7th. They set a “neutral” rating on the stock. Zacks Investment Research raised shares of PulteGroup from a “hold” rating to a “buy” rating and set a $24.00 price objective on the stock in a research note on Monday, January 30th. Finally, Royal Bank of Canada lifted their price objective on shares of PulteGroup from $22.00 to $24.00 and gave the stock an “outperform” rating in a research note on Friday, January 27th. Two research analysts have rated the stock with a sell rating, six have issued a hold rating and eight have issued a buy rating to the company’s stock. PulteGroup currently has a consensus rating of “Hold” and an average price target of $22.90.

In related news, Director Richard J. Dugas, Jr. sold 341,222 shares of the company’s stock in a transaction that occurred on Thursday, January 26th. The stock was sold at an average price of $20.78, for a total value of $7,090,593.16. Following the sale, the director now directly owns 1,216,348 shares in the company, valued at $25,275,711.44. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider James R. Ellinghausen sold 47,744 shares of the company’s stock in a transaction that occurred on Monday, January 30th. The shares were sold at an average price of $21.00, for a total value of $1,002,624.00. Following the completion of the sale, the insider now owns 435,187 shares in the company, valued at $9,138,927. The disclosure for this sale can be found here. Insiders sold 498,790 shares of company stock worth $10,474,303 over the last quarter. 1.83% of the stock is currently owned by company insiders.

About PulteGroup

PulteGroup, Inc is a homebuilder in the United States. The Company’s segments include Homebuilding and Financial Services. Its Homebuilding operations are engaged in the acquisition and development of land primarily for residential purposes within the United States and the construction of housing on such land.

5 Day Chart for NYSE:PHM

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