Mitsubishi UFJ Asset Management Co. Ltd. Has $51.89 Million Stock Holdings in PulteGroup, Inc. $PHM

Mitsubishi UFJ Asset Management Co. Ltd. increased its position in shares of PulteGroup, Inc. (NYSE:PHM) by 2.7% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 392,719 shares of the construction company’s stock after purchasing an additional 10,157 shares during the quarter. Mitsubishi UFJ Asset Management Co. Ltd.’s holdings in PulteGroup were worth $51,890,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Twin Peaks Wealth Advisors LLC acquired a new position in PulteGroup in the second quarter valued at about $32,000. Rexford Capital Inc. bought a new position in shares of PulteGroup in the second quarter valued at approximately $35,000. Private Wealth Management Group LLC raised its stake in shares of PulteGroup by 281.7% in the third quarter. Private Wealth Management Group LLC now owns 271 shares of the construction company’s stock valued at $36,000 after acquiring an additional 200 shares during the last quarter. True Wealth Design LLC boosted its holdings in shares of PulteGroup by 229.6% in the 3rd quarter. True Wealth Design LLC now owns 356 shares of the construction company’s stock worth $47,000 after acquiring an additional 248 shares in the last quarter. Finally, SJS Investment Consulting Inc. grew its position in PulteGroup by 1,423.1% during the 3rd quarter. SJS Investment Consulting Inc. now owns 396 shares of the construction company’s stock worth $52,000 after acquiring an additional 370 shares during the last quarter. 89.90% of the stock is owned by institutional investors.

Insider Activity at PulteGroup

In related news, insider Ryan Marshall sold 111,250 shares of PulteGroup stock in a transaction on Thursday, February 5th. The stock was sold at an average price of $133.86, for a total transaction of $14,891,925.00. Following the completion of the sale, the insider directly owned 659,392 shares of the company’s stock, valued at $88,266,213.12. The trade was a 14.44% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, COO Matthew William Koart sold 15,309 shares of the company’s stock in a transaction dated Friday, February 6th. The shares were sold at an average price of $135.79, for a total value of $2,078,809.11. Following the completion of the sale, the chief operating officer owned 42,418 shares of the company’s stock, valued at $5,759,940.22. This represents a 26.52% decrease in their position. The SEC filing for this sale provides additional information. In the last ninety days, insiders have sold 149,952 shares of company stock worth $20,162,165. 0.76% of the stock is owned by company insiders.

Analyst Ratings Changes

Several brokerages have issued reports on PHM. Royal Bank Of Canada lifted their price objective on PulteGroup from $111.00 to $115.00 and gave the company a “sector perform” rating in a research report on Friday, January 30th. UBS Group lowered their target price on PulteGroup from $160.00 to $159.00 and set a “buy” rating for the company in a research note on Tuesday, January 6th. Zacks Research downgraded shares of PulteGroup from a “hold” rating to a “strong sell” rating in a research report on Monday, January 26th. Evercore increased their price objective on shares of PulteGroup from $134.00 to $143.00 in a report on Friday, January 30th. Finally, Wall Street Zen upgraded shares of PulteGroup from a “sell” rating to a “hold” rating in a research report on Sunday, January 11th. Nine research analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $140.62.

PulteGroup Stock Up 1.1%

Shares of NYSE:PHM opened at $137.09 on Friday. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.01 and a quick ratio of 1.01. The stock has a market cap of $26.37 billion, a price-to-earnings ratio of 12.33, a P/E/G ratio of 1.60 and a beta of 1.33. The company has a 50 day moving average of $129.37 and a 200-day moving average of $127.64. PulteGroup, Inc. has a one year low of $88.07 and a one year high of $144.49.

PulteGroup Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, April 2nd. Shareholders of record on Tuesday, March 17th will be given a dividend of $0.26 per share. The ex-dividend date is Tuesday, March 17th. This represents a $1.04 annualized dividend and a dividend yield of 0.8%. PulteGroup’s payout ratio is presently 9.35%.

About PulteGroup

PulteGroup, Inc (NYSE: PHM) is a U.S.-based residential homebuilder that designs, constructs and sells single-family homes and develops master-planned communities. The company operates multiple national and regional brands that target different buyer segments, including first-time buyers, move-up buyers and active-adult customers. Its operations encompass land acquisition and development, home design and construction, community amenities and ongoing customer service and warranty programs.

PulteGroup markets homes under several well-known brands, such as Pulte Homes, Centex and Del Webb, among others, offering a range of product types from entry-level detached homes to larger, higher-end residences and age-restricted active-adult communities.