Omnia Family Wealth LLC Purchases New Position in PulteGroup, Inc. (NYSE:PHM)

Omnia Family Wealth LLC acquired a new stake in PulteGroup, Inc. (NYSE:PHM) in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund acquired 2,065 shares of the construction company’s stock, valued at approximately $214,000.

A number of other institutional investors have also recently bought and sold shares of PHM. Rakuten Securities Inc. bought a new stake in shares of PulteGroup during the 4th quarter worth approximately $37,000. Lindbrook Capital LLC lifted its holdings in shares of PulteGroup by 335.6% during the 4th quarter. Lindbrook Capital LLC now owns 379 shares of the construction company’s stock worth $39,000 after acquiring an additional 292 shares during the period. ORG Partners LLC lifted its holdings in shares of PulteGroup by 3,463.6% during the 4th quarter. ORG Partners LLC now owns 392 shares of the construction company’s stock worth $40,000 after acquiring an additional 381 shares during the period. AdvisorNet Financial Inc lifted its holdings in shares of PulteGroup by 91.5% during the 4th quarter. AdvisorNet Financial Inc now owns 427 shares of the construction company’s stock worth $44,000 after acquiring an additional 204 shares during the period. Finally, Arlington Trust Co LLC bought a new stake in shares of PulteGroup during the 3rd quarter worth approximately $33,000. Institutional investors own 89.90% of the company’s stock.

Insider Buying and Selling at PulteGroup

In related news, VP Brien P. O’meara sold 2,000 shares of the firm’s stock in a transaction dated Tuesday, February 6th. The shares were sold at an average price of $103.09, for a total transaction of $206,180.00. Following the transaction, the vice president now directly owns 15,389 shares of the company’s stock, valued at $1,586,452.01. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 0.83% of the company’s stock.

PulteGroup Trading Up 2.2 %

Shares of PHM traded up $2.44 during trading hours on Friday, hitting $113.80. 1,747,255 shares of the stock were exchanged, compared to its average volume of 1,741,133. The firm has a market capitalization of $23.94 billion, a P/E ratio of 9.11, a price-to-earnings-growth ratio of 0.53 and a beta of 1.56. PulteGroup, Inc. has a fifty-two week low of $64.70 and a fifty-two week high of $121.07. The business has a 50-day moving average of $111.28 and a 200-day moving average of $99.59. The company has a debt-to-equity ratio of 0.18, a current ratio of 0.85 and a quick ratio of 0.86.

PulteGroup (NYSE:PHM) last issued its earnings results on Tuesday, January 30th. The construction company reported $3.28 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.21 by $0.07. The business had revenue of $4.29 billion for the quarter, compared to analyst estimates of $4.47 billion. PulteGroup had a net margin of 16.63% and a return on equity of 25.81%. PulteGroup’s revenue was down 15.5% on a year-over-year basis. During the same period in the prior year, the firm earned $3.63 earnings per share. On average, research analysts expect that PulteGroup, Inc. will post 12.66 EPS for the current year.

PulteGroup announced that its Board of Directors has approved a stock repurchase program on Tuesday, January 30th that authorizes the company to repurchase $1.50 billion in outstanding shares. This repurchase authorization authorizes the construction company to reacquire up to 6.5% of its shares through open market purchases. Shares repurchase programs are typically an indication that the company’s board believes its stock is undervalued.

PulteGroup Dividend Announcement

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

Wall Street Analyst Weigh In

PHM has been the subject of several research reports. Citigroup increased their price objective on shares of PulteGroup from $116.00 to $127.00 and gave the company a “neutral” rating in a research note on Friday, April 5th. Raymond James reissued an “outperform” rating and issued a $135.00 price objective (up previously from $120.00) on shares of PulteGroup in a research note on Thursday. Jefferies Financial Group increased their price objective on shares of PulteGroup from $126.00 to $131.00 and gave the company a “buy” rating in a research note on Wednesday. Oppenheimer increased their price objective on shares of PulteGroup from $138.00 to $143.00 and gave the company an “outperform” rating in a research note on Wednesday. Finally, Zelman & Associates raised shares of PulteGroup from a “neutral” rating to an “outperform” rating in a research note on Wednesday. Five investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target 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.