27,910 Shares in PulteGroup, Inc. $PHM Bought by iSAM Funds UK Ltd

iSAM Funds UK Ltd purchased a new position in PulteGroup, Inc. (NYSE:PHM) in the third quarter, Holdings Channel.com reports. The firm purchased 27,910 shares of the construction company’s stock, valued at approximately $3,688,000. PulteGroup makes up approximately 0.8% of iSAM Funds UK Ltd’s investment portfolio, making the stock its 25th biggest holding.

Other institutional investors and hedge funds have also bought and sold shares of the company. Franklin Resources Inc. boosted its stake in shares of PulteGroup by 5.0% in the third quarter. Franklin Resources Inc. now owns 12,900,271 shares of the construction company’s stock worth $1,704,513,000 after acquiring an additional 609,640 shares during the period. Norges Bank purchased a new stake in shares of PulteGroup during the second quarter worth about $404,339,000. First Trust Advisors LP raised its stake in PulteGroup by 13.3% during the 3rd quarter. First Trust Advisors LP now owns 3,623,917 shares of the construction company’s stock valued at $478,828,000 after purchasing an additional 424,011 shares during the period. Invesco Ltd. raised its stake in PulteGroup by 0.9% during the 2nd quarter. Invesco Ltd. now owns 2,634,275 shares of the construction company’s stock valued at $277,811,000 after purchasing an additional 23,051 shares during the period. Finally, Massachusetts Financial Services Co. MA purchased a new position in PulteGroup in the 3rd quarter worth approximately $315,883,000. 89.90% of the stock is owned by institutional investors.

PulteGroup Stock Performance

NYSE PHM opened at $119.14 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. PulteGroup, Inc. has a 1-year low of $88.07 and a 1-year high of $144.49. The business has a 50 day simple moving average of $131.06 and a two-hundred day simple moving average of $127.50. The stock has a market capitalization of $22.91 billion, a PE ratio of 10.71, a P/E/G ratio of 1.40 and a beta of 1.32.

PulteGroup Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, April 2nd. Investors of record on Tuesday, March 17th will be issued a $0.26 dividend. The ex-dividend date of this dividend is Tuesday, March 17th. This represents a $1.04 dividend on an annualized basis and a dividend yield of 0.9%. PulteGroup’s dividend payout ratio (DPR) is 9.35%.

Wall Street Analysts Forecast Growth

PHM has been the subject of several recent analyst reports. Barclays set a $115.00 price target on PulteGroup in a research note on Monday, December 8th. BTIG Research assumed coverage on shares of PulteGroup in a research report on Monday, December 1st. They set a “neutral” rating on the stock. Citigroup boosted their target price on shares of PulteGroup from $128.00 to $136.00 and gave the stock a “neutral” rating in a report on Tuesday, February 3rd. Wall Street Zen upgraded shares of PulteGroup from a “sell” rating to a “hold” rating in a research report on Sunday, January 11th. Finally, Weiss Ratings raised shares of PulteGroup from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Monday, January 12th. One research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating, six have given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $142.71.

Insider Transactions at PulteGroup

In related news, EVP Todd N. Sheldon sold 14,220 shares of the company’s stock in a transaction on Friday, February 6th. The shares were sold at an average price of $135.01, for a total transaction of $1,919,842.20. Following the sale, the executive vice president owned 69,753 shares of the company’s stock, valued at $9,417,352.53. This represents a 16.93% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP Kevin A. Henry sold 5,173 shares of the stock in a transaction on Tuesday, February 24th. The shares were sold at an average price of $141.03, for a total transaction of $729,548.19. Following the transaction, the executive vice president owned 14,673 shares of the company’s stock, valued at $2,069,333.19. This trade represents a 26.07% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 149,952 shares of company stock valued at $20,162,165 in the last 90 days. Company insiders own 0.76% of the company’s stock.

PulteGroup Profile

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.