USS Investment Management Ltd Has $5.10 Million Position in PulteGroup, Inc. (NYSE:PHM)

USS Investment Management Ltd cut its holdings in shares of PulteGroup, Inc. (NYSE:PHM - Free Report) by 30.6% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 46,832 shares of the construction company's stock after selling 20,695 shares during the quarter. USS Investment Management Ltd's holdings in PulteGroup were worth $5,101,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in PHM. Norges Bank acquired a new position in PulteGroup in the 4th quarter valued at $427,562,000. Amundi grew its holdings in PulteGroup by 77.9% in the 4th quarter. Amundi now owns 1,636,562 shares of the construction company's stock valued at $180,775,000 after buying an additional 716,716 shares in the last quarter. Franklin Resources Inc. grew its holdings in PulteGroup by 6.1% in the 4th quarter. Franklin Resources Inc. now owns 11,937,866 shares of the construction company's stock valued at $1,300,034,000 after buying an additional 683,592 shares in the last quarter. Man Group plc grew its holdings in PulteGroup by 136.8% in the 4th quarter. Man Group plc now owns 988,963 shares of the construction company's stock valued at $107,698,000 after buying an additional 571,251 shares in the last quarter. Finally, Voloridge Investment Management LLC acquired a new position in PulteGroup in the 4th quarter valued at $47,133,000. 89.90% of the stock is owned by institutional investors and hedge funds.

PulteGroup Price Performance

Shares of PHM stock opened at $98.38 on Friday. The company has a quick ratio of 0.86, a current ratio of 0.86 and a debt-to-equity ratio of 0.13. PulteGroup, Inc. has a twelve month low of $88.07 and a twelve month high of $149.47. The company has a market cap of $19.72 billion, a P/E ratio of 6.69, a P/E/G ratio of 0.29 and a beta of 1.37. The business has a fifty day simple moving average of $100.66 and a 200 day simple moving average of $110.45.

PulteGroup (NYSE:PHM - Get Free Report) last announced its quarterly earnings data 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. PulteGroup had a return on equity of 24.43% and a net margin of 17.18%. The business had revenue of $3.89 billion during the quarter, compared to the consensus estimate of $3.86 billion. During the same period in the prior year, the company earned $3.10 EPS. On average, sell-side analysts forecast that PulteGroup, Inc. will post 12.32 EPS for the current fiscal year.

PulteGroup Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 2nd. Investors of record on Tuesday, June 17th will be given a dividend of $0.22 per share. The ex-dividend date is Tuesday, June 17th. This represents a $0.88 annualized dividend and a dividend yield of 0.89%. PulteGroup's dividend payout ratio is currently 6.21%.

PulteGroup declared that its board has approved a stock repurchase plan on Thursday, January 30th that permits the company to repurchase $1.50 billion in shares. This repurchase authorization permits the construction company to repurchase up to 6.2% of its stock through open market purchases. Stock repurchase plans are usually a sign that the company's management believes its shares are undervalued.

Wall Street Analysts Forecast Growth

PHM has been the topic of a number of research reports. Oppenheimer decreased their price objective on PulteGroup from $165.00 to $150.00 and set an "outperform" rating on the stock in a report on Friday, January 31st. Seaport Res Ptn raised PulteGroup from a "strong sell" rating to a "hold" rating in a report on Thursday, March 6th. UBS Group reduced their target price on PulteGroup from $151.00 to $141.00 and set a "buy" rating on the stock in a report on Wednesday, April 23rd. Wells Fargo & Company reduced their target price on PulteGroup from $140.00 to $120.00 and set an "overweight" rating on the stock in a report on Monday, April 14th. Finally, Royal Bank of Canada reduced their target price on PulteGroup from $116.00 to $109.00 and set a "sector perform" rating on the stock in a report on Wednesday, April 23rd. Seven analysts have rated the stock with a hold rating and nine have issued a buy rating to the company's stock. According to MarketBeat, PulteGroup presently has an average rating of "Moderate Buy" and a consensus price target of $134.69.

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.

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