Oak Thistle LLC Raises Holdings in PulteGroup, Inc. $PHM

Oak Thistle LLC grew its position in shares of PulteGroup, Inc. (NYSE:PHM) by 58.2% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 13,943 shares of the construction company’s stock after purchasing an additional 5,128 shares during the period. Oak Thistle LLC’s holdings in PulteGroup were worth $1,635,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in PHM. Evergreen Capital Management LLC increased its holdings in shares of PulteGroup by 2.8% during the 2nd quarter. Evergreen Capital Management LLC now owns 2,875 shares of the construction company’s stock worth $304,000 after buying an additional 78 shares during the last quarter. Apella Capital LLC increased its holdings in shares of PulteGroup by 4.2% during the 3rd quarter. Apella Capital LLC now owns 2,163 shares of the construction company’s stock worth $268,000 after buying an additional 87 shares during the last quarter. CWM LLC increased its holdings in shares of PulteGroup by 0.6% during the 3rd quarter. CWM LLC now owns 14,308 shares of the construction company’s stock worth $1,890,000 after buying an additional 92 shares during the last quarter. Perigon Wealth Management LLC increased its holdings in shares of PulteGroup by 3.6% during the 4th quarter. Perigon Wealth Management LLC now owns 2,672 shares of the construction company’s stock worth $313,000 after buying an additional 92 shares during the last quarter. Finally, Wilmington Savings Fund Society FSB increased its holdings in shares of PulteGroup by 5.7% during the 3rd quarter. Wilmington Savings Fund Society FSB now owns 1,736 shares of the construction company’s stock worth $229,000 after buying an additional 94 shares during the last quarter. Hedge funds and other institutional investors own 89.90% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on PHM. Weiss Ratings upgraded shares of PulteGroup from a “hold (c+)” rating to a “buy (b-)” rating in a report on Monday, January 12th. Citigroup raised their price target on shares of PulteGroup from $128.00 to $136.00 and gave the stock a “neutral” rating in a report on Tuesday, February 3rd. Evercore lifted their target price on shares of PulteGroup from $134.00 to $143.00 in a report on Friday, January 30th. Raymond James Financial reiterated an “outperform” rating and issued a $145.00 target price on shares of PulteGroup in a report on Wednesday, February 4th. Finally, Royal Bank Of Canada lifted their target price on shares of PulteGroup from $111.00 to $115.00 and gave the company a “sector perform” rating in a report on Friday, January 30th. One equities research analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating, six have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, PulteGroup has an average rating of “Moderate Buy” and a consensus target price of $141.21.

Insider Buying and Selling

In other PulteGroup news, VP Brien P. O’meara sold 4,000 shares of the firm’s stock in a transaction that occurred on Friday, February 6th. The shares were sold at an average price of $135.51, for a total value of $542,040.00. Following the completion of the transaction, the vice president owned 8,601 shares of the company’s stock, valued at $1,165,521.51. This trade represents a 31.74% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at 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 shares were sold at an average price of $135.79, for a total transaction of $2,078,809.11. Following the completion of the transaction, the chief operating officer directly owned 42,418 shares of the company’s stock, valued at $5,759,940.22. This represents a 26.52% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 149,952 shares of company stock worth $20,162,165 over the last three months. 0.75% of the stock is owned by insiders.

PulteGroup Stock Performance

Shares of PHM stock opened at $120.28 on Thursday. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 0.13. PulteGroup, Inc. has a 52 week low of $88.07 and a 52 week high of $144.49. The stock has a market capitalization of $23.04 billion, a PE ratio of 10.82, a P/E/G ratio of 1.36 and a beta of 1.33. The firm has a 50 day moving average of $127.70 and a two-hundred day moving average of $125.30.

PulteGroup Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, April 2nd. Shareholders of record on Tuesday, March 17th were given a $0.26 dividend. This represents a $1.04 annualized dividend and a yield of 0.9%. The ex-dividend date of this dividend was Tuesday, March 17th. PulteGroup’s dividend payout ratio (DPR) is currently 9.35%.

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.