CVA Family Office LLC Purchases Shares of 570 PulteGroup, Inc. (NYSE:PHM)

CVA Family Office LLC purchased a new stake in PulteGroup, Inc. (NYSE:PHM) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 570 shares of the construction company’s stock, valued at approximately $59,000.

A number of other large investors also recently bought and sold shares of PHM. Nordea Investment Management AB raised its stake in shares of PulteGroup by 4.0% during the 4th quarter. Nordea Investment Management AB now owns 753,768 shares of the construction company’s stock worth $78,030,000 after buying an additional 28,833 shares during the period. Illinois Municipal Retirement Fund raised its stake in shares of PulteGroup by 24.9% during the 3rd quarter. Illinois Municipal Retirement Fund now owns 26,341 shares of the construction company’s stock worth $1,951,000 after buying an additional 5,257 shares during the period. American Century Companies Inc. raised its stake in shares of PulteGroup by 65.0% during the 3rd quarter. American Century Companies Inc. now owns 224,978 shares of the construction company’s stock worth $16,660,000 after buying an additional 88,638 shares during the period. AEGON ASSET MANAGEMENT UK Plc acquired a new position in shares of PulteGroup during the 4th quarter worth approximately $2,815,000. Finally, Covestor Ltd raised its stake in shares of PulteGroup by 25.2% during the 3rd quarter. Covestor Ltd now owns 2,517 shares of the construction company’s stock worth $186,000 after buying an additional 506 shares during the period. 89.90% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at PulteGroup

In other PulteGroup news, VP Brien P. O’meara sold 2,000 shares of the stock in a transaction dated Tuesday, February 6th. The stock was sold at an average price of $103.09, for a total value of $206,180.00. Following the sale, the vice president now owns 15,389 shares of the company’s stock, valued at approximately $1,586,452.01. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 0.83% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on the company. StockNews.com downgraded PulteGroup from a “buy” rating to a “hold” rating in a research note on Saturday, March 2nd. The Goldman Sachs Group boosted their price target on PulteGroup from $91.00 to $105.00 and gave the stock a “neutral” rating in a research report on Thursday, January 11th. Citigroup cut PulteGroup from a “buy” rating to a “neutral” rating and boosted their price target for the stock from $87.00 to $113.00 in a research report on Monday, January 8th. UBS Group cut PulteGroup from a “buy” rating to a “neutral” rating and boosted their price target for the stock from $93.00 to $120.00 in a research report on Thursday, January 4th. Finally, Wedbush reiterated a “neutral” rating and set a $85.00 price target on shares of PulteGroup in a research report on Wednesday, January 31st. Six analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $104.87.

PulteGroup Stock Performance

Shares of PulteGroup stock opened at $118.01 on Thursday. The business’s fifty day simple moving average is $107.53 and its 200-day simple moving average is $93.66. PulteGroup, Inc. has a 52 week low of $56.63 and a 52 week high of $118.26. The company has a quick ratio of 0.86, a current ratio of 0.86 and a debt-to-equity ratio of 0.19. The firm has a market cap of $24.90 billion, a PE ratio of 10.05, a price-to-earnings-growth ratio of 0.78 and a beta of 1.56.

PulteGroup (NYSE:PHM) last posted 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. PulteGroup had a return on equity of 25.97% and a net margin of 16.20%. The firm had revenue of $4.29 billion for the quarter, compared to analyst estimates of $4.47 billion. During the same quarter in the prior year, the company earned $3.63 EPS. PulteGroup’s revenue was down 15.5% on a year-over-year basis. Equities analysts forecast that PulteGroup, Inc. will post 11.77 earnings per share for the current year.

PulteGroup declared that its board has approved a share repurchase plan on Tuesday, January 30th that allows the company to repurchase $1.50 billion in outstanding shares. This repurchase authorization allows the construction company to reacquire up to 6.5% of its stock through open market purchases. Stock repurchase plans are often an indication that the company’s board believes its stock is undervalued.

PulteGroup Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, April 2nd. Shareholders of record on Friday, March 15th will be given a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a yield of 0.68%. The ex-dividend date of this dividend is Thursday, March 14th. PulteGroup’s dividend payout ratio is currently 6.81%.

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.