BI Asset Management Fondsmaeglerselskab A S Grows Position in PulteGroup, Inc. (NYSE:PHM)

BI Asset Management Fondsmaeglerselskab A S lifted its holdings in PulteGroup, Inc. (NYSE:PHM - Free Report) by 278.5% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 12,484 shares of the construction company's stock after purchasing an additional 9,186 shares during the quarter. BI Asset Management Fondsmaeglerselskab A S's holdings in PulteGroup were worth $1,360,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Richardson Financial Services Inc. raised its position in shares of PulteGroup by 16.7% during the fourth quarter. Richardson Financial Services Inc. now owns 622 shares of the construction company's stock valued at $68,000 after buying an additional 89 shares during the last quarter. Premier Path Wealth Partners LLC grew its stake in PulteGroup by 3.8% during the fourth quarter. Premier Path Wealth Partners LLC now owns 2,572 shares of the construction company's stock valued at $280,000 after acquiring an additional 95 shares in the last quarter. Meridian Wealth Management LLC grew its stake in PulteGroup by 0.7% during the fourth quarter. Meridian Wealth Management LLC now owns 13,224 shares of the construction company's stock valued at $1,440,000 after acquiring an additional 95 shares in the last quarter. Fidelis Capital Partners LLC increased its holdings in PulteGroup by 2.4% in the 4th quarter. Fidelis Capital Partners LLC now owns 4,384 shares of the construction company's stock valued at $479,000 after acquiring an additional 103 shares during the last quarter. Finally, Wedmont Private Capital lifted its stake in PulteGroup by 3.7% in the 4th quarter. Wedmont Private Capital now owns 3,050 shares of the construction company's stock worth $328,000 after purchasing an additional 110 shares in the last quarter. 89.90% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages have commented on PHM. Wedbush reissued an "outperform" rating and issued a $135.00 price objective on shares of PulteGroup in a research note on Tuesday, April 22nd. Barclays decreased their price objective on PulteGroup from $100.00 to $98.00 and set an "equal weight" rating on the stock in a research report on Wednesday, April 23rd. Bank of America dropped their target price on PulteGroup from $135.00 to $134.00 and set a "buy" rating for the company in a report on Monday, January 27th. Oppenheimer decreased their price target on PulteGroup from $165.00 to $150.00 and set an "outperform" rating on the stock in a report on Friday, January 31st. Finally, UBS Group dropped their price objective on shares of PulteGroup from $151.00 to $141.00 and set a "buy" rating for the company in a research note on Wednesday, April 23rd. Seven equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. According to data from MarketBeat, PulteGroup currently has a consensus rating of "Moderate Buy" and an average price target of $134.69.

Insider Activity

In other news, Director Brian P. Anderson sold 2,500 shares of PulteGroup stock in a transaction on Monday, February 10th. The stock was sold at an average price of $106.45, for a total value of $266,125.00. Following the transaction, the director now directly owns 56,617 shares in the company, valued at approximately $6,026,879.65. This trade represents a 4.23 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, EVP Todd N. Sheldon sold 15,191 shares of the business's stock in a transaction on Thursday, February 13th. The stock was sold at an average price of $106.50, for a total value of $1,617,841.50. Following the completion of the transaction, the executive vice president now directly owns 74,758 shares of the company's stock, valued at approximately $7,961,727. The trade was a 16.89 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 21,191 shares of company stock worth $2,256,367. 0.76% of the stock is currently owned by corporate insiders.

PulteGroup Trading Down 0.1 %

Shares of PulteGroup stock traded down $0.11 on Monday, hitting $101.77. 267,964 shares of the company traded hands, compared to its average volume of 1,991,185. PulteGroup, Inc. has a 52 week low of $88.07 and a 52 week high of $149.47. The company has a market cap of $20.60 billion, a PE ratio of 6.92, a PEG ratio of 0.29 and a beta of 1.44. The stock's 50 day moving average price is $101.37 and its 200-day moving average price is $114.65. The company has a current ratio of 0.86, a quick ratio of 0.86 and a debt-to-equity ratio of 0.13.

PulteGroup (NYSE:PHM - Get Free Report) last issued its earnings results on Tuesday, April 22nd. The construction company reported $2.57 earnings per share for the quarter, topping the consensus estimate of $2.47 by $0.10. The business had revenue of $3.89 billion during the quarter, compared to analysts' expectations of $3.86 billion. PulteGroup had a return on equity of 24.43% and a net margin of 17.18%. During the same period in the prior year, the business earned $3.10 EPS. Equities research analysts predict that PulteGroup, Inc. will post 12.32 EPS for the current year.

PulteGroup Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, April 2nd. Shareholders of record on Tuesday, March 18th were given a dividend of $0.22 per share. This represents a $0.88 dividend on an annualized basis and a yield of 0.86%. The ex-dividend date was Tuesday, March 18th. PulteGroup's dividend payout ratio (DPR) is 6.21%.

PulteGroup announced that its board has authorized a share buyback program on Thursday, January 30th that allows the company to repurchase $1.50 billion in outstanding shares. This repurchase authorization allows the construction company to reacquire up to 6.2% of its stock through open market purchases. Stock repurchase programs are typically a sign that the company's board of directors believes its shares are undervalued.

PulteGroup Company 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.