Guggenheim Capital LLC Has $1.04 Million Stock Position in PulteGroup, Inc. (NYSE:PHM)

Guggenheim Capital LLC decreased its holdings in PulteGroup, Inc. (NYSE:PHM - Free Report) by 77.4% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 9,532 shares of the construction company's stock after selling 32,631 shares during the quarter. Guggenheim Capital LLC's holdings in PulteGroup were worth $1,038,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in the business. Hager Investment Management Services LLC acquired a new position in PulteGroup in the 4th quarter worth approximately $29,000. Fortitude Family Office LLC boosted its stake in PulteGroup by 74.1% in the 4th quarter. Fortitude Family Office LLC now owns 322 shares of the construction company's stock worth $35,000 after purchasing an additional 137 shares during the period. R Squared Ltd acquired a new position in PulteGroup in the 4th quarter worth approximately $39,000. Thurston Springer Miller Herd & Titak Inc. boosted its stake in PulteGroup by 41.9% in the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 444 shares of the construction company's stock worth $48,000 after purchasing an additional 131 shares during the period. Finally, Oakworth Capital Inc. boosted its stake in PulteGroup by 642.2% in the 4th quarter. Oakworth Capital Inc. now owns 475 shares of the construction company's stock worth $52,000 after purchasing an additional 411 shares during the period. Institutional investors and hedge funds own 89.90% of the company's stock.

PulteGroup Stock Performance

Shares of NYSE PHM traded up $0.63 during trading hours on Monday, hitting $102.51. 1,885,050 shares of the company's stock were exchanged, compared to its average volume of 1,997,504. PulteGroup, Inc. has a 1-year low of $88.07 and a 1-year high of $149.47. The company has a debt-to-equity ratio of 0.13, a current ratio of 0.86 and a quick ratio of 0.86. The stock has a market capitalization of $20.75 billion, a price-to-earnings ratio of 6.97, a PEG ratio of 0.29 and a beta of 1.44. The company's 50-day moving average price is $101.33 and its 200-day moving average price is $114.39.

PulteGroup (NYSE:PHM - Get Free Report) last posted its quarterly earnings results on Tuesday, April 22nd. The construction company reported $2.57 EPS for the quarter, beating the consensus estimate of $2.47 by $0.10. The firm had revenue of $3.89 billion during the quarter, compared to analysts' expectations of $3.86 billion. PulteGroup had a return on equity of 24.43% and a net margin of 17.18%. During the same quarter in the prior year, the firm posted $3.10 EPS. On average, sell-side analysts expect that PulteGroup, Inc. will post 12.32 earnings per share for the current fiscal year.

PulteGroup Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, April 2nd. Stockholders of record on Tuesday, March 18th were issued a $0.22 dividend. The ex-dividend date was Tuesday, March 18th. This represents a $0.88 dividend on an annualized basis and a dividend yield of 0.86%. PulteGroup's payout ratio is presently 6.21%.

PulteGroup declared that its board has authorized a share buyback plan on Thursday, January 30th that authorizes the company to repurchase $1.50 billion in outstanding shares. This repurchase authorization authorizes the construction company to reacquire up to 6.2% of its shares through open market purchases. Shares repurchase plans are often an indication that the company's leadership believes its stock is undervalued.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on PHM. Barclays decreased their price objective on shares of PulteGroup from $100.00 to $98.00 and set an "equal weight" rating for the company in a research note on Wednesday, April 23rd. UBS Group decreased their target price on shares of PulteGroup from $151.00 to $141.00 and set a "buy" rating for the company in a research note on Wednesday, April 23rd. Oppenheimer decreased 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. Evercore ISI lifted their target price on shares of PulteGroup from $161.00 to $165.00 and gave the company an "outperform" rating in a research note on Wednesday, April 23rd. Finally, Wedbush reissued an "outperform" rating and set a $135.00 target price on shares of PulteGroup in a research note on Tuesday, April 22nd. Seven equities research 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 company currently has an average rating of "Moderate Buy" and an average target price of $134.69.

Insider Transactions at PulteGroup

In other PulteGroup news, VP Brien P. O'meara sold 3,500 shares of the stock in a transaction on Thursday, February 13th. The stock was sold at an average price of $106.40, for a total value of $372,400.00. Following the transaction, the vice president now directly owns 11,372 shares in the company, valued at approximately $1,209,980.80. This trade represents a 23.53 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Todd N. Sheldon sold 15,191 shares of the stock in a transaction on Thursday, February 13th. The shares were sold at an average price of $106.50, for a total value of $1,617,841.50. Following the completion of the transaction, the executive vice president now owns 74,758 shares in the company, valued at $7,961,727. The trade was a 16.89 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 21,191 shares of company stock valued at $2,256,367. Corporate insiders own 0.76% of the company's stock.

PulteGroup 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.