Stifel Financial Corp trimmed its position in shares of PulteGroup, Inc. (NYSE:PHM) by 9.6% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 60,581 shares of the construction company’s stock after selling 6,466 shares during the period. Stifel Financial Corp’s holdings in PulteGroup were worth $1,582,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other hedge funds and other institutional investors have also recently made changes to their positions in the business. Burt Wealth Advisors purchased a new stake in shares of PulteGroup during the fourth quarter worth $26,000. Oregon Public Employees Retirement Fund lifted its position in shares of PulteGroup by 5,826.1% during the fourth quarter. Oregon Public Employees Retirement Fund now owns 1,773,921 shares of the construction company’s stock worth $68,000 after acquiring an additional 1,743,987 shares in the last quarter. Financial Gravity Companies Inc. purchased a new stake in shares of PulteGroup during the fourth quarter worth $71,000. Enlightenment Research LLC purchased a new stake in shares of PulteGroup during the fourth quarter worth $88,000. Finally, Focused Wealth Management Inc raised its position in shares of PulteGroup by 17.6% in the fourth quarter. Focused Wealth Management Inc now owns 4,000 shares of the construction company’s stock worth $104,000 after buying an additional 600 shares in the last quarter. 87.83% of the stock is owned by institutional investors and hedge funds.
In other PulteGroup news, insider Ryan Marshall sold 15,000 shares of the firm’s stock in a transaction dated Friday, February 22nd. The stock was sold at an average price of $27.81, for a total transaction of $417,150.00. Following the sale, the insider now owns 453,996 shares in the company, valued at $12,625,628.76. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 0.49% of the company’s stock.
PulteGroup (NYSE:PHM) last released its quarterly earnings results on Tuesday, January 29th. The construction company reported $1.11 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.09 by $0.02. PulteGroup had a return on equity of 22.51% and a net margin of 10.03%. The business had revenue of $3 billion for the quarter, compared to the consensus estimate of $2.90 billion. During the same quarter last year, the business posted $0.85 earnings per share. The company’s revenue for the quarter was up 7.3% on a year-over-year basis. On average, analysts predict that PulteGroup, Inc. will post 3.19 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Wednesday, April 3rd. Shareholders of record on Friday, March 15th will be given a dividend of $0.11 per share. The ex-dividend date of this dividend is Thursday, March 14th. This represents a $0.44 dividend on an annualized basis and a yield of 1.58%. PulteGroup’s payout ratio is 12.26%.
A number of brokerages recently issued reports on PHM. Zacks Investment Research downgraded PulteGroup from a “hold” rating to a “sell” rating in a research report on Friday, February 1st. Barclays set a $28.00 price objective on PulteGroup and gave the stock a “hold” rating in a research report on Thursday, March 28th. ValuEngine upgraded PulteGroup from a “sell” rating to a “hold” rating in a research report on Tuesday, February 5th. Credit Suisse Group set a $31.00 price objective on PulteGroup and gave the stock a “buy” rating in a research report on Friday, February 15th. Finally, Raymond James downgraded PulteGroup from an “outperform” rating to a “market perform” rating in a research report on Thursday, February 14th. Five research analysts have rated the stock with a sell rating, ten have given a hold rating and three have given a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average target price of $28.36.
PulteGroup, Inc, through its subsidiaries, primarily engages in the homebuilding business in the United States. The company acquires and develops land primarily for residential purposes; and constructs housing on such land. It offers various home designs, including single-family detached, townhouses, condominiums, and duplexes under the Centex, Pulte Homes, Del Webb, DiVosta Homes, and John Wieland Homes and Neighborhoods brand names.
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