3,028 Shares in PulteGroup, Inc. (NYSE:PHM) Acquired by Mufg Securities Americas Inc.

Mufg Securities Americas Inc. bought a new stake in PulteGroup, Inc. (NYSE:PHM - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 3,028 shares of the construction company's stock, valued at approximately $330,000.

Several other hedge funds also recently bought and sold shares of the company. Hager Investment Management Services LLC acquired a new stake in PulteGroup in the fourth quarter valued at approximately $29,000. TD Waterhouse Canada Inc. boosted its holdings in PulteGroup by 43.0% in the fourth quarter. TD Waterhouse Canada Inc. now owns 349 shares of the construction company's stock worth $38,000 after purchasing an additional 105 shares in the last quarter. R Squared Ltd acquired a new position in PulteGroup during the fourth quarter worth $39,000. Quarry LP bought a new position in PulteGroup during the fourth quarter valued at about $43,000. Finally, Thurston Springer Miller Herd & Titak Inc. lifted its position in shares of PulteGroup by 41.9% in the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 444 shares of the construction company's stock worth $48,000 after buying an additional 131 shares during the last quarter. 89.90% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of brokerages have recently weighed in on PHM. Wells Fargo & Company reduced their price objective on shares of PulteGroup from $140.00 to $120.00 and set an "overweight" rating for the company in a research note on Monday, April 14th. Bank of America reduced their target price on PulteGroup from $135.00 to $134.00 and set a "buy" rating for the company in a research report on Monday, January 27th. Oppenheimer dropped their target price on PulteGroup from $165.00 to $150.00 and set an "outperform" rating for the company in a report on Friday, January 31st. Seaport Res Ptn raised shares of PulteGroup from a "strong sell" rating to a "hold" rating in a report on Thursday, March 6th. Finally, Barclays decreased their target price on PulteGroup from $100.00 to $98.00 and set an "equal weight" 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 data from MarketBeat.com, PulteGroup currently has a consensus rating of "Moderate Buy" and a consensus target price of $134.69.

PulteGroup Stock Down 2.2%

PHM stock traded down $2.22 during mid-day trading on Wednesday, hitting $99.09. 2,715,385 shares of the company were exchanged, compared to its average volume of 2,001,330. The firm has a market cap of $19.86 billion, a P/E ratio of 6.74, a P/E/G ratio of 0.29 and a beta of 1.37. PulteGroup, Inc. has a 1-year low of $88.07 and a 1-year high of $149.47. The company has a debt-to-equity ratio of 0.13, a quick ratio of 0.86 and a current ratio of 0.86. The firm's 50 day simple moving average is $100.85 and its 200 day simple moving average is $110.74.

PulteGroup (NYSE:PHM - Get Free Report) last announced its earnings results on Tuesday, April 22nd. The construction company reported $2.57 earnings per share 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 firm had revenue of $3.89 billion during the quarter, compared to analyst estimates of $3.86 billion. During the same period in the prior year, the business earned $3.10 EPS. On average, sell-side analysts predict that PulteGroup, Inc. will post 12.32 EPS for the current fiscal year.

PulteGroup Dividend Announcement

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

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

About PulteGroup

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.