Sei Investments Co. raised its holdings in PulteGroup, Inc. (NYSE:PHM) by 38.9% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 110,983 shares of the construction company’s stock after purchasing an additional 31,053 shares during the quarter. Sei Investments Co.’s holdings in PulteGroup were worth $3,691,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other large investors have also made changes to their positions in PHM. Aperio Group LLC grew its stake in PulteGroup by 8.0% in the 3rd quarter. Aperio Group LLC now owns 204,380 shares of the construction company’s stock valued at $5,586,000 after purchasing an additional 15,075 shares during the period. Raymond James Financial Services Advisors Inc. grew its stake in PulteGroup by 27.8% in the 3rd quarter. Raymond James Financial Services Advisors Inc. now owns 16,934 shares of the construction company’s stock valued at $463,000 after purchasing an additional 3,688 shares during the period. Crossmark Global Holdings Inc. bought a new position in PulteGroup in the 3rd quarter valued at $1,285,000. New York State Teachers Retirement System grew its stake in PulteGroup by 1.8% in the 3rd quarter. New York State Teachers Retirement System now owns 562,659 shares of the construction company’s stock valued at $15,377,000 after purchasing an additional 10,104 shares during the period. Finally, Canada Pension Plan Investment Board grew its stake in PulteGroup by 213.6% in the 3rd quarter. Canada Pension Plan Investment Board now owns 1,018,100 shares of the construction company’s stock valued at $27,825,000 after purchasing an additional 693,500 shares during the period. Hedge funds and other institutional investors own 85.54% of the company’s stock.
A number of brokerages have issued reports on PHM. Credit Suisse Group restated an “outperform” rating and issued a $38.00 price objective (up previously from $32.00) on shares of PulteGroup in a research note on Monday, January 22nd. They noted that the move was a valuation call. Mizuho upgraded PulteGroup from a “neutral” rating to a “buy” rating in a research note on Thursday, January 18th. Zacks Investment Research upgraded PulteGroup from a “sell” rating to a “hold” rating and set a $40.00 price objective for the company in a research note on Thursday, January 4th. UBS Group increased their price target on PulteGroup from $38.00 to $41.00 and gave the stock a “buy” rating in a research note on Wednesday, January 17th. Finally, Wedbush increased their price target on PulteGroup from $27.00 to $35.00 and gave the stock a “neutral” rating in a research note on Friday, December 29th. One analyst has rated the stock with a sell rating, eight have issued a hold rating, six have issued a buy rating and two have given a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average price target of $32.85.
Shares of PulteGroup, Inc. (NYSE:PHM) traded down $0.89 on Wednesday, reaching $29.55. The company had a trading volume of 7,381,794 shares, compared to its average volume of 5,173,258. The stock has a market cap of $8,645.51, a PE ratio of 20.52, a price-to-earnings-growth ratio of 0.47 and a beta of 1.12. PulteGroup, Inc. has a twelve month low of $21.41 and a twelve month high of $35.21.
PulteGroup (NYSE:PHM) last issued its quarterly earnings data on Tuesday, January 30th. The construction company reported $0.85 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.85. The business had revenue of $2.79 billion for the quarter, compared to analysts’ expectations of $2.82 billion. PulteGroup had a return on equity of 15.52% and a net margin of 5.22%. The firm’s quarterly revenue was up 12.1% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.67 EPS. equities analysts forecast that PulteGroup, Inc. will post 3.11 EPS for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 3rd. Investors of record on Friday, March 16th will be issued a dividend of $0.09 per share. The ex-dividend date is Thursday, March 15th. This represents a $0.36 dividend on an annualized basis and a yield of 1.22%. PulteGroup’s dividend payout ratio (DPR) is 25.00%.
PulteGroup announced that its Board of Directors has initiated a share repurchase program on Tuesday, January 30th that authorizes the company to buyback $500.00 million in outstanding shares. This buyback authorization authorizes the construction company to buy shares of its stock through open market purchases. Shares buyback programs are often a sign that the company’s board believes its stock is undervalued.
In related news, Director Patrick J. Oleary sold 8,677 shares of the stock in a transaction dated Wednesday, February 21st. The stock was sold at an average price of $30.03, for a total transaction of $260,570.31. Following the sale, the director now owns 90,687 shares of the company’s stock, valued at approximately $2,723,330.61. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 0.71% of the company’s stock.
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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.
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