Inceptionr LLC Has $1.40 Million Stock Position in PulteGroup, Inc. $PHM

Inceptionr LLC lifted its stake in shares of PulteGroup, Inc. (NYSE:PHM) by 137.5% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 11,927 shares of the construction company’s stock after purchasing an additional 6,906 shares during the quarter. Inceptionr LLC’s holdings in PulteGroup were worth $1,399,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of the stock. Rachor Investment Advisory Services LLC bought a new stake in shares of PulteGroup during the 4th quarter worth $31,000. Lloyd Advisory Services LLC. bought a new stake in shares of PulteGroup during the 4th quarter worth $33,000. High Point Wealth Management LLC bought a new stake in shares of PulteGroup during the 4th quarter worth $38,000. Beacon Financial Strategies CORP bought a new stake in shares of PulteGroup during the 4th quarter worth $40,000. Finally, Elyxium Wealth LLC bought a new stake in shares of PulteGroup during the 4th quarter worth $41,000. 89.90% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other PulteGroup news, Director Lila Snyder sold 3,339 shares of the stock in a transaction dated Friday, May 8th. The stock was sold at an average price of $117.18, for a total value of $391,264.02. Following the completion of the transaction, the director directly owned 3,540 shares in the company, valued at approximately $414,817.20. This trade represents a 48.54% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, COO Matthew William Koart sold 7,457 shares of the stock in a transaction dated Wednesday, May 27th. The shares were sold at an average price of $120.00, for a total value of $894,840.00. Following the completion of the transaction, the chief operating officer owned 28,100 shares of the company’s stock, valued at $3,372,000. This represents a 20.97% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 0.75% of the stock is currently owned by company insiders.

PulteGroup Price Performance

PulteGroup stock opened at $118.74 on Thursday. The company has a current ratio of 0.94, a quick ratio of 0.94 and a debt-to-equity ratio of 0.14. The company has a market capitalization of $22.62 billion, a PE ratio of 11.48, a P/E/G ratio of 1.56 and a beta of 1.20. PulteGroup, Inc. has a 12 month low of $98.27 and a 12 month high of $144.49. The stock has a 50-day moving average price of $119.36 and a two-hundred day moving average price of $124.16.

PulteGroup (NYSE:PHM) last posted its earnings results on Thursday, April 23rd. The construction company reported $1.79 EPS for the quarter, missing the consensus estimate of $1.80 by ($0.01). The firm had revenue of $3.41 billion during the quarter, compared to the consensus estimate of $3.40 billion. PulteGroup had a net margin of 12.14% and a return on equity of 16.41%. PulteGroup’s revenue for the quarter was down 12.4% compared to the same quarter last year. During the same quarter in the prior year, the business posted $2.57 earnings per share. Analysts expect that PulteGroup, Inc. will post 10 EPS for the current year.

PulteGroup declared that its Board of Directors has initiated a share buyback program on Thursday, April 23rd that authorizes the company to buyback $1.50 billion in shares. This buyback authorization authorizes the construction company to purchase up to 6.1% of its stock through open market purchases. Stock buyback programs are usually a sign that the company’s board of directors believes its shares are undervalued.

PulteGroup Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, July 2nd. Shareholders of record on Tuesday, June 16th will be given a $0.26 dividend. The ex-dividend date is Tuesday, June 16th. This represents a $1.04 annualized dividend and a yield of 0.9%. PulteGroup’s dividend payout ratio (DPR) is currently 10.06%.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on PHM. The Goldman Sachs Group upped their price objective on PulteGroup from $133.00 to $142.00 and gave the stock a “neutral” rating in a research report on Friday, April 24th. Barclays dropped their price objective on PulteGroup from $115.00 to $112.00 and set an “equal weight” rating for the company in a research report on Wednesday, April 8th. Truist Financial dropped their price objective on PulteGroup from $170.00 to $150.00 and set a “buy” rating for the company in a research report on Thursday, April 16th. Weiss Ratings downgraded PulteGroup from a “buy (b-)” rating to a “hold (c)” rating in a research report on Monday, April 27th. Finally, Wells Fargo & Company upped their price objective on PulteGroup from $132.00 to $140.00 and gave the stock an “overweight” rating in a research report on Friday, April 24th. Ten equities research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $140.71.

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.