Jaffetilchin Investment Partners LLC Increases Stake in PulteGroup, Inc. (PHM)

Jaffetilchin Investment Partners LLC lifted its stake in shares of PulteGroup, Inc. (NYSE:PHM) by 66.8% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 33,985 shares of the construction company’s stock after purchasing an additional 13,611 shares during the quarter. Jaffetilchin Investment Partners LLC’s holdings in PulteGroup were worth $1,130,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently made changes to their positions in the company. Achmea Investment Management B.V. acquired a new stake in PulteGroup in the 2nd quarter valued at approximately $253,000. Peloton Wealth Strategists increased its position in PulteGroup by 4.7% in the 2nd quarter. Peloton Wealth Strategists now owns 89,700 shares of the construction company’s stock valued at $2,200,000 after acquiring an additional 4,000 shares during the period. HAP Trading LLC increased its position in PulteGroup by 26.7% in the 2nd quarter. HAP Trading LLC now owns 96,520 shares of the construction company’s stock valued at $2,368,000 after acquiring an additional 20,336 shares during the period. Capital Bank & Trust Co increased its position in PulteGroup by 424.5% in the 3rd quarter. Capital Bank & Trust Co now owns 120,859 shares of the construction company’s stock valued at $3,303,000 after acquiring an additional 97,818 shares during the period. Finally, Andra AP fonden increased its position in PulteGroup by 11.5% in the 3rd quarter. Andra AP fonden now owns 126,600 shares of the construction company’s stock valued at $3,460,000 after acquiring an additional 13,100 shares during the period. Institutional investors and hedge funds own 84.53% of the company’s stock.

PulteGroup, Inc. (PHM) traded down $0.97 on Wednesday, hitting $33.68. The stock had a trading volume of 3,629,484 shares, compared to its average volume of 4,177,650. The company has a market cap of $9,900.00, a price-to-earnings ratio of 16.51, a PEG ratio of 0.71 and a beta of 1.21. The company has a current ratio of 0.25, a quick ratio of 0.25 and a debt-to-equity ratio of 0.72. PulteGroup, Inc. has a 1-year low of $18.53 and a 1-year high of $35.01.

PulteGroup (NYSE:PHM) last released its quarterly earnings data on Tuesday, October 24th. The construction company reported $0.60 earnings per share for the quarter, topping the consensus estimate of $0.59 by $0.01. The business had revenue of $2.13 billion during the quarter, compared to analyst estimates of $2.30 billion. PulteGroup had a return on equity of 14.38% and a net margin of 7.77%. The company’s revenue was up 9.6% compared to the same quarter last year. During the same period last year, the company posted $0.43 EPS. equities research analysts expect that PulteGroup, Inc. will post 2.2 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Wednesday, January 3rd. Stockholders of record on Tuesday, December 12th were given a $0.09 dividend. The ex-dividend date of this dividend was Monday, December 11th. This represents a $0.36 annualized dividend and a dividend yield of 1.07%. PulteGroup’s dividend payout ratio (DPR) is presently 17.65%.

In other news, insider James R. Ellinghausen sold 67,490 shares of the firm’s stock in a transaction on Monday, November 20th. The stock was sold at an average price of $32.35, for a total value of $2,183,301.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider James R. Ellinghausen sold 136,912 shares of the firm’s stock in a transaction on Friday, October 27th. The stock was sold at an average price of $29.70, for a total value of $4,066,286.40. Following the completion of the sale, the insider now directly owns 294,369 shares of the company’s stock, valued at approximately $8,742,759.30. The disclosure for this sale can be found here. In the last ninety days, insiders sold 297,202 shares of company stock valued at $9,394,580. 0.71% of the stock is currently owned by insiders.

A number of brokerages have issued reports on PHM. Zacks Investment Research raised PulteGroup from a “sell” rating to a “hold” rating and set a $40.00 price target for the company in a research note on Thursday, January 4th. Wedbush increased their price target on PulteGroup from $27.00 to $35.00 and gave the company a “neutral” rating in a research note on Friday, December 29th. B. Riley lowered PulteGroup from a “buy” rating to a “neutral” rating and increased their price target for the company from $31.00 to $36.00 in a research note on Wednesday, January 3rd. ValuEngine raised PulteGroup from a “buy” rating to a “strong-buy” rating in a research note on Sunday, December 31st. Finally, Buckingham Research lowered PulteGroup from a “buy” rating to a “neutral” rating and increased their price target for the company from $31.00 to $33.00 in a research note on Sunday, November 26th. Two research analysts have rated the stock with a sell rating, nine have issued a hold rating, five have given a buy rating and two have given a strong buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus target price of $31.92.

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PulteGroup Profile

PulteGroup, Inc is a homebuilder in the United States. The Company’s segments include Homebuilding and Financial Services. Its Homebuilding operations are engaged in the acquisition and development of land primarily for residential purposes within the United States and the construction of housing on such land.

Institutional Ownership by Quarter for PulteGroup (NYSE:PHM)

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