Caitlin John LLC Has $1.72 Million Stock Holdings in PulteGroup, Inc. (NYSE:PHM)

Caitlin John LLC lifted its holdings in shares of PulteGroup, Inc. (NYSE:PHM) by 4.3% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 15,775 shares of the construction company’s stock after acquiring an additional 651 shares during the period. Caitlin John LLC’s holdings in PulteGroup were worth $1,718,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the business. Algert Global LLC acquired a new stake in PulteGroup during the second quarter valued at approximately $334,000. Czech National Bank lifted its position in shares of PulteGroup by 5.5% during the 3rd quarter. Czech National Bank now owns 42,274 shares of the construction company’s stock worth $6,068,000 after buying an additional 2,191 shares during the period. GAMMA Investing LLC boosted its stake in PulteGroup by 17.0% in the 3rd quarter. GAMMA Investing LLC now owns 1,861 shares of the construction company’s stock valued at $267,000 after buying an additional 271 shares in the last quarter. Mather Group LLC. grew its position in PulteGroup by 7.4% in the third quarter. Mather Group LLC. now owns 1,656 shares of the construction company’s stock valued at $238,000 after acquiring an additional 114 shares during the period. Finally, Ignite Planners LLC acquired a new position in PulteGroup during the third quarter worth $206,000. Institutional investors own 89.90% of the company’s stock.

PulteGroup Price Performance

PulteGroup stock opened at $111.33 on Thursday. 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 has a market capitalization of $22.83 billion, a P/E ratio of 7.57, a PEG ratio of 0.49 and a beta of 1.68. The business has a 50-day moving average of $116.64 and a 200-day moving average of $127.25. PulteGroup, Inc. has a 1 year low of $100.24 and a 1 year high of $149.47.

PulteGroup (NYSE:PHM) last issued its earnings results on Thursday, January 30th. The construction company reported $3.50 EPS for the quarter, beating the consensus estimate of $3.28 by $0.22. PulteGroup had a net margin of 17.18% and a return on equity of 24.43%. On average, equities analysts anticipate that PulteGroup, Inc. will post 13.34 EPS for the current year.

PulteGroup declared that its Board of Directors has initiated a stock buyback plan on Thursday, January 30th that allows the company to repurchase $1.50 billion in shares. This repurchase authorization allows the construction company to repurchase up to 6.2% of its stock through open market purchases. Stock repurchase plans are generally a sign that the company’s board believes its shares are undervalued.

PulteGroup Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 2nd. Investors of record on Tuesday, March 18th will be paid a dividend of $0.22 per share. This represents a $0.88 annualized dividend and a yield of 0.79%. PulteGroup’s payout ratio is presently 5.98%.

Wall Street Analyst Weigh In

PHM has been the topic of several recent analyst reports. BTIG Research boosted their target price on shares of PulteGroup from $139.00 to $156.00 and gave the company a “buy” rating in a research note on Wednesday, October 23rd. Wedbush restated an “outperform” rating and issued a $135.00 price target on shares of PulteGroup in a research report on Friday, January 31st. StockNews.com lowered shares of PulteGroup from a “buy” rating to a “hold” rating in a report on Wednesday, December 11th. Oppenheimer cut their target price on shares of PulteGroup from $165.00 to $150.00 and set an “outperform” rating for the company in a research note on Friday, January 31st. Finally, Bank of America decreased their price target on PulteGroup from $135.00 to $134.00 and set a “buy” rating on the stock in a research report on Monday, January 27th. One investment analyst has rated the stock with a sell rating, six have given a hold rating and eleven have issued a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $140.86.

About PulteGroup

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.