PulteGroup, Inc. (NYSE:PHM) Shares Sold by Twin Capital Management Inc.

Twin Capital Management Inc. lessened its holdings in PulteGroup, Inc. (NYSE:PHM) by 5.0% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 56,041 shares of the construction company’s stock after selling 2,968 shares during the period. PulteGroup makes up 0.8% of Twin Capital Management Inc.’s investment portfolio, making the stock its 23rd largest position. Twin Capital Management Inc.’s holdings in PulteGroup were worth $5,785,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Livforsakringsbolaget Skandia Omsesidigt increased its holdings in PulteGroup by 0.4% during the 4th quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 62,894 shares of the construction company’s stock worth $6,492,000 after purchasing an additional 246 shares during the period. Daiwa Securities Group Inc. increased its holdings in PulteGroup by 5.9% during the 4th quarter. Daiwa Securities Group Inc. now owns 19,718 shares of the construction company’s stock worth $2,035,000 after purchasing an additional 1,095 shares during the period. Rakuten Securities Inc. purchased a new stake in PulteGroup during the 4th quarter worth about $37,000. Quantum Private Wealth LLC purchased a new stake in PulteGroup during the 4th quarter worth about $238,000. Finally, Everence Capital Management Inc. increased its holdings in PulteGroup by 6.0% during the 4th quarter. Everence Capital Management Inc. now owns 9,050 shares of the construction company’s stock worth $934,000 after purchasing an additional 510 shares during the period. Hedge funds and other institutional investors own 89.90% of the company’s stock.

Insiders Place Their Bets

In other PulteGroup news, VP Brien P. O’meara sold 2,000 shares of the stock in a transaction that occurred on Tuesday, February 6th. The stock was sold at an average price of $103.09, for a total transaction of $206,180.00. Following the completion of the sale, the vice president now directly owns 15,389 shares of the company’s stock, valued at approximately $1,586,452.01. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.83% of the stock is owned by insiders.

PulteGroup Stock Performance

Shares of NYSE PHM traded up $1.13 during trading hours on Thursday, reaching $107.28. The stock had a trading volume of 661,834 shares, compared to its average volume of 1,767,406. The firm has a market cap of $22.64 billion, a price-to-earnings ratio of 9.04, a PEG ratio of 0.52 and a beta of 1.56. The company has a current ratio of 0.86, a quick ratio of 0.86 and a debt-to-equity ratio of 0.19. PulteGroup, Inc. has a fifty-two week low of $61.74 and a fifty-two week high of $121.07. The firm has a 50-day moving average of $110.39 and a 200-day moving average of $97.77.

PulteGroup (NYSE:PHM) last announced its earnings results on Tuesday, January 30th. The construction company reported $3.28 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.21 by $0.07. PulteGroup had a return on equity of 25.97% and a net margin of 16.20%. The firm had revenue of $4.29 billion during the quarter, compared to analysts’ expectations of $4.47 billion. During the same period in the prior year, the firm earned $3.63 EPS. The business’s revenue was down 15.5% on a year-over-year basis. Equities research analysts predict that PulteGroup, Inc. will post 11.79 earnings per share for the current year.

PulteGroup announced that its board has authorized a share repurchase program on Tuesday, January 30th that authorizes the company to buyback $1.50 billion in shares. This buyback authorization authorizes the construction company to purchase up to 6.5% of its shares through open market purchases. Shares buyback programs are generally a sign that the company’s management believes its shares are undervalued.

PulteGroup Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, April 2nd. Shareholders of record on Friday, March 15th were given a dividend of $0.20 per share. The ex-dividend date of this dividend was Thursday, March 14th. This represents a $0.80 dividend on an annualized basis and a yield of 0.75%. PulteGroup’s payout ratio is 6.81%.

Analyst Ratings Changes

PHM has been the topic of several recent research reports. StockNews.com downgraded PulteGroup from a “buy” rating to a “hold” rating in a report on Saturday, March 2nd. UBS Group downgraded PulteGroup from a “buy” rating to a “neutral” rating and increased their price objective for the company from $93.00 to $120.00 in a report on Thursday, January 4th. Citigroup increased their price objective on PulteGroup from $116.00 to $127.00 and gave the company a “neutral” rating in a report on Friday, April 5th. Royal Bank of Canada increased their price objective on PulteGroup from $103.00 to $106.00 and gave the company a “sector perform” rating in a report on Wednesday, January 31st. Finally, Raymond James increased their price objective on PulteGroup from $100.00 to $120.00 and gave the company an “outperform” rating in a report on Monday, February 5th. Six research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. According to MarketBeat.com, PulteGroup has an average rating of “Moderate Buy” and an average price target of $106.47.

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.