Lindbrook Capital LLC Has $39,000 Holdings in PulteGroup, Inc. (NYSE:PHM)

Lindbrook Capital LLC boosted its stake in shares of PulteGroup, Inc. (NYSE:PHM) by 335.6% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 379 shares of the construction company’s stock after purchasing an additional 292 shares during the quarter. Lindbrook Capital LLC’s holdings in PulteGroup were worth $39,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. Arlington Trust Co LLC acquired a new position in PulteGroup during the 3rd quarter valued at $33,000. Baystate Wealth Management LLC increased its holdings in PulteGroup by 186.5% in the 3rd quarter. Baystate Wealth Management LLC now owns 490 shares of the construction company’s stock valued at $36,000 after buying an additional 319 shares during the period. Annis Gardner Whiting Capital Advisors LLC bought a new stake in PulteGroup in the 3rd quarter valued at $36,000. Rakuten Securities Inc. bought a new stake in PulteGroup in the 4th quarter valued at $37,000. Finally, ORG Partners LLC increased its holdings in PulteGroup by 3,463.6% in the 4th quarter. ORG Partners LLC now owns 392 shares of the construction company’s stock valued at $40,000 after buying an additional 381 shares during the period. 89.90% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several brokerages have issued reports on PHM. UBS Group lowered shares of PulteGroup from a “buy” rating to a “neutral” rating and boosted their price target for the company from $93.00 to $120.00 in a report on Thursday, January 4th. Zelman & Associates raised shares of PulteGroup from a “neutral” rating to an “outperform” rating in a report on Wednesday. The Goldman Sachs Group boosted their price target on shares of PulteGroup from $91.00 to $105.00 and gave the company a “neutral” rating in a report on Thursday, January 11th. Wedbush reaffirmed a “neutral” rating and issued a $85.00 target price on shares of PulteGroup in a report on Wednesday, January 31st. Finally, Royal Bank of Canada upped their target price on shares of PulteGroup from $106.00 to $113.00 and gave the stock a “sector perform” rating in a report on Wednesday. Five investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $111.73.

PulteGroup Stock Down 0.8 %

Shares of NYSE PHM opened at $111.36 on Friday. The firm’s 50-day simple moving average is $111.04 and its 200 day simple moving average is $99.13. The company has a market cap of $23.42 billion, a price-to-earnings ratio of 8.92, a price-to-earnings-growth ratio of 0.54 and a beta of 1.56. The company has a quick ratio of 0.86, a current ratio of 0.85 and a debt-to-equity ratio of 0.18. PulteGroup, Inc. has a 12-month low of $64.41 and a 12-month high of $121.07.

PulteGroup (NYSE:PHM) last issued its quarterly 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 the consensus estimate of $4.47 billion. PulteGroup had a net margin of 16.63% and a return on equity of 25.81%. The firm’s quarterly revenue was down 15.5% on a year-over-year basis. During the same quarter in the prior year, the company earned $3.63 EPS. On average, research analysts expect that PulteGroup, Inc. will post 11.96 earnings per share for the current fiscal year.

PulteGroup Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, April 2nd. Investors of record on Friday, March 15th were given a dividend of $0.20 per share. The ex-dividend date was Thursday, March 14th. This represents a $0.80 annualized dividend and a yield of 0.72%. PulteGroup’s dividend payout ratio (DPR) is 6.41%.

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

Insider Buying and Selling at PulteGroup

In other PulteGroup news, VP Brien P. O’meara sold 2,000 shares of the company’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 in the company, valued at approximately $1,586,452.01. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Corporate insiders own 0.83% of the company’s stock.

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.