PulteGroup, Inc. $PHM Stock Holdings Decreased by Swiss National Bank

Swiss National Bank lessened its stake in PulteGroup, Inc. (NYSE:PHM) by 5.3% during the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 577,800 shares of the construction company’s stock after selling 32,400 shares during the quarter. Swiss National Bank’s holdings in PulteGroup were worth $76,345,000 as of its most recent filing with the SEC.

Several other large investors have also modified their holdings of PHM. Franklin Resources Inc. grew its stake in PulteGroup by 0.8% in the second quarter. Franklin Resources Inc. now owns 12,290,631 shares of the construction company’s stock worth $1,296,170,000 after purchasing an additional 95,058 shares in the last quarter. Norges Bank acquired a new stake in PulteGroup during the second quarter valued at approximately $404,339,000. First Trust Advisors LP raised its stake in PulteGroup by 13.3% during the third quarter. First Trust Advisors LP now owns 3,623,917 shares of the construction company’s stock valued at $478,828,000 after buying an additional 424,011 shares in the last quarter. Invesco Ltd. lifted its holdings in PulteGroup by 0.9% during the 2nd quarter. Invesco Ltd. now owns 2,634,275 shares of the construction company’s stock worth $277,811,000 after buying an additional 23,051 shares during the last quarter. Finally, Massachusetts Financial Services Co. MA bought a new position in PulteGroup during the 3rd quarter worth approximately $315,883,000. Institutional investors own 89.90% of the company’s stock.

Insider Transactions at PulteGroup

In other PulteGroup news, EVP Kevin A. Henry sold 5,173 shares of the firm’s stock in a transaction on Tuesday, February 24th. The stock was sold at an average price of $141.03, for a total value of $729,548.19. Following the sale, the executive vice president directly owned 14,673 shares in the company, valued at approximately $2,069,333.19. This trade represents a 26.07% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Ryan Marshall sold 111,250 shares of the business’s stock in a transaction on Thursday, February 5th. The shares were sold at an average price of $133.86, for a total transaction of $14,891,925.00. Following the transaction, the insider directly owned 659,392 shares of the company’s stock, valued at approximately $88,266,213.12. This trade represents a 14.44% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 149,952 shares of company stock valued at $20,162,165 over the last three months. 0.76% of the stock is currently owned by company insiders.

PulteGroup Stock Down 0.8%

Shares of PulteGroup stock opened at $123.34 on Thursday. The stock has a market capitalization of $23.72 billion, a price-to-earnings ratio of 11.09, a PEG ratio of 1.45 and a beta of 1.32. PulteGroup, Inc. has a twelve month low of $88.07 and a twelve month high of $144.49. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 0.13. The business’s 50 day simple moving average is $131.00 and its 200-day simple moving average is $127.64.

PulteGroup Dividend Announcement

The business 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 $0.26 dividend. The ex-dividend date of this dividend is Tuesday, March 17th. This represents a $1.04 annualized dividend and a yield of 0.8%. PulteGroup’s dividend payout ratio (DPR) is currently 9.35%.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on PHM shares. The Goldman Sachs Group boosted their price target on PulteGroup from $144.00 to $150.00 and gave the company a “neutral” rating in a report on Tuesday, February 17th. Citizens Jmp initiated coverage on PulteGroup in a research note on Wednesday, January 7th. They set a “market outperform” rating and a $145.00 price objective on the stock. Truist Financial assumed coverage on shares of PulteGroup in a report on Wednesday, March 4th. They issued a “buy” rating and a $170.00 price objective for the company. BTIG Research assumed coverage on shares of PulteGroup in a research note on Monday, December 1st. They set a “neutral” rating for the company. Finally, UBS Group dropped their target price on shares of PulteGroup from $160.00 to $159.00 and set a “buy” rating on the stock in a report on Tuesday, January 6th. One analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating, six have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $142.71.

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.