Compound Global Advisors LLC Makes New Investment in PulteGroup, Inc. (NYSE:PHM)

Compound Global Advisors LLC purchased a new stake in shares of PulteGroup, Inc. (NYSE:PHM) in the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 3,200 shares of the construction company’s stock, valued at approximately $348,000.

Several other institutional investors have also recently made changes to their positions in PHM. Fortitude Family Office LLC increased its position in PulteGroup by 115.1% in the third quarter. Fortitude Family Office LLC now owns 185 shares of the construction company’s stock worth $27,000 after buying an additional 99 shares in the last quarter. Transcendent Capital Group LLC bought a new position in shares of PulteGroup during the 3rd quarter valued at approximately $29,000. Hager Investment Management Services LLC purchased a new stake in PulteGroup in the 4th quarter worth approximately $29,000. R Squared Ltd bought a new stake in PulteGroup during the 4th quarter worth approximately $39,000. Finally, JNBA Financial Advisors purchased a new position in PulteGroup during the third quarter valued at approximately $43,000. Institutional investors own 89.90% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on the stock. Wells Fargo & Company reduced their price objective on shares of PulteGroup from $165.00 to $140.00 and set an “overweight” rating for the company in a research note on Tuesday, December 17th. Oppenheimer decreased their price target on PulteGroup from $165.00 to $150.00 and set an “outperform” rating on the stock in a report on Friday, January 31st. JPMorgan Chase & Co. lowered their price objective on PulteGroup from $162.00 to $155.00 and set an “overweight” rating on the stock in a research report on Friday, December 13th. Bank of America cut their target price on PulteGroup from $135.00 to $134.00 and set a “buy” rating for the company in a research report on Monday, January 27th. Finally, Citigroup lowered their price target on PulteGroup from $146.00 to $119.00 and set a “neutral” rating on the stock in a report on Monday, January 6th. One research analyst has rated the stock with a sell rating, six have issued a hold rating and eleven have issued a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $140.86.

PulteGroup Stock Up 0.6 %

Shares of NYSE PHM opened at $106.55 on Tuesday. The stock has a market capitalization of $21.57 billion, a price-to-earnings ratio of 7.24, a P/E/G ratio of 0.29 and a beta of 1.68. PulteGroup, Inc. has a 12-month low of $100.24 and a 12-month high of $149.47. The company has a current ratio of 0.86, a quick ratio of 0.73 and a debt-to-equity ratio of 0.13. The firm’s 50-day moving average price is $115.02 and its 200-day moving average price is $126.92.

PulteGroup (NYSE:PHM) last posted its quarterly earnings data on Thursday, January 30th. The construction company reported $3.50 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.28 by $0.22. PulteGroup had a return on equity of 24.43% and a net margin of 17.18%. On average, equities research analysts anticipate that PulteGroup, Inc. will post 12.43 EPS for the current fiscal year.

PulteGroup Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 2nd. Shareholders of record on Tuesday, March 18th will be paid a $0.22 dividend. This represents a $0.88 annualized dividend and a yield of 0.83%. The ex-dividend date of this dividend is Tuesday, March 18th. PulteGroup’s payout ratio is currently 5.98%.

PulteGroup announced that its board has authorized a share repurchase program on Thursday, January 30th that allows the company to repurchase $1.50 billion in outstanding shares. This repurchase authorization allows the construction company to buy up to 6.2% of its stock through open market purchases. Stock repurchase programs are typically an indication that the company’s leadership believes its stock is undervalued.

PulteGroup Company 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.