PulteGroup, Inc. (NYSE:PHM) Shares Acquired by Harvest Investment Services LLC

Harvest Investment Services LLC boosted its position in shares of PulteGroup, Inc. (NYSE:PHM - Free Report) by 125.5% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 32,265 shares of the construction company's stock after purchasing an additional 17,955 shares during the quarter. Harvest Investment Services LLC's holdings in PulteGroup were worth $3,514,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of PHM. Hsbc Holdings PLC increased its holdings in PulteGroup by 14.1% during the 4th quarter. Hsbc Holdings PLC now owns 1,376,331 shares of the construction company's stock valued at $149,925,000 after acquiring an additional 170,498 shares in the last quarter. TD Waterhouse Canada Inc. lifted its stake in PulteGroup by 43.0% in the 4th quarter. TD Waterhouse Canada Inc. now owns 349 shares of the construction company's stock valued at $38,000 after buying an additional 105 shares in the last quarter. Tower Research Capital LLC TRC grew its holdings in PulteGroup by 80.5% during the 4th quarter. Tower Research Capital LLC TRC now owns 9,069 shares of the construction company's stock valued at $988,000 after buying an additional 4,046 shares during the last quarter. MetLife Investment Management LLC increased its position in PulteGroup by 0.6% during the fourth quarter. MetLife Investment Management LLC now owns 54,257 shares of the construction company's stock worth $5,909,000 after buying an additional 320 shares in the last quarter. Finally, Ossiam raised its holdings in shares of PulteGroup by 15.7% in the fourth quarter. Ossiam now owns 1,104 shares of the construction company's stock worth $120,000 after acquiring an additional 150 shares during the last quarter. Institutional investors and hedge funds own 89.90% of the company's stock.

PulteGroup Stock Down 0.8 %

Shares of NYSE PHM traded down $0.87 on Friday, hitting $101.98. The company had a trading volume of 1,861,826 shares, compared to its average volume of 1,997,955. 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 12-month low of $88.07 and a 12-month high of $149.47. The firm has a market capitalization of $20.65 billion, a P/E ratio of 6.93, a PEG ratio of 0.29 and a beta of 1.44. The business has a 50 day moving average of $101.37 and a two-hundred day moving average of $114.81.

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

PulteGroup declared that its board has approved a share repurchase program on Thursday, January 30th that allows the company to repurchase $1.50 billion in shares. This repurchase authorization allows the construction company to reacquire up to 6.2% of its shares through open market purchases. Shares repurchase programs are usually an indication that the company's board of directors believes its stock is undervalued.

PulteGroup Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, April 2nd. Stockholders 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 dividend yield of 0.86%. The ex-dividend date was Tuesday, March 18th. PulteGroup's payout ratio is 6.21%.

Insider Buying and Selling

In related news, Director Brian P. Anderson sold 2,500 shares of PulteGroup stock in a transaction dated Monday, February 10th. The stock was sold at an average price of $106.45, for a total value of $266,125.00. Following the completion of 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 ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, VP Brien P. O'meara sold 3,500 shares of the business's stock in a transaction dated Thursday, February 13th. The shares were sold at an average price of $106.40, for a total value of $372,400.00. Following the completion of the sale, the vice president now directly owns 11,372 shares of the company's stock, valued at approximately $1,209,980.80. This represents a 23.53 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 21,191 shares of company stock worth $2,256,367. 0.76% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

A number of research firms recently commented on PHM. Wells Fargo & Company dropped their price objective on PulteGroup from $140.00 to $120.00 and set an "overweight" rating for the company in a research report on Monday, April 14th. Seaport Res Ptn raised shares of PulteGroup from a "strong sell" rating to a "hold" rating in a research report on Thursday, March 6th. Evercore ISI increased their price target on PulteGroup from $161.00 to $165.00 and gave the stock an "outperform" rating in a research note on Wednesday. Barclays reduced their target price on PulteGroup from $100.00 to $98.00 and set an "equal weight" rating on the stock in a research report on Wednesday. Finally, Citigroup lowered their price target on PulteGroup from $146.00 to $119.00 and set a "neutral" rating for the company in a report on Monday, January 6th. Seven equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $134.69.

PulteGroup 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.