International Assets Investment Management LLC Invests $6.11 Million in PulteGroup, Inc. (NYSE:PHM)

International Assets Investment Management LLC purchased a new stake in shares of PulteGroup, Inc. (NYSE:PHM - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 59,205 shares of the construction company's stock, valued at approximately $6,111,000.

Several other hedge funds and other institutional investors also recently modified their holdings of the company. Vanguard Group Inc. boosted its holdings in shares of PulteGroup by 1.0% during the first quarter. Vanguard Group Inc. now owns 27,748,609 shares of the construction company's stock valued at $1,162,667,000 after acquiring an additional 261,934 shares during the period. State Street Corp boosted its holdings in shares of PulteGroup by 2.3% during the first quarter. State Street Corp now owns 10,343,160 shares of the construction company's stock valued at $604,439,000 after acquiring an additional 228,040 shares during the period. Greenhaven Associates Inc. boosted its holdings in shares of PulteGroup by 0.4% during the fourth quarter. Greenhaven Associates Inc. now owns 5,726,368 shares of the construction company's stock valued at $591,076,000 after acquiring an additional 24,350 shares during the period. FMR LLC boosted its holdings in shares of PulteGroup by 1.8% during the third quarter. FMR LLC now owns 5,484,469 shares of the construction company's stock valued at $406,125,000 after acquiring an additional 95,945 shares during the period. Finally, First Trust Advisors LP boosted its holdings in shares of PulteGroup by 29.4% during the first quarter. First Trust Advisors LP now owns 4,850,407 shares of the construction company's stock valued at $203,232,000 after acquiring an additional 1,101,565 shares during the period. Institutional investors and hedge funds own 89.90% of the company's stock.

Analyst Ratings Changes

Several equities research analysts recently weighed in on PHM shares. Royal Bank of Canada upped their price objective on shares of PulteGroup from $103.00 to $106.00 and gave the stock a "sector perform" rating in a report on Wednesday, January 31st. Wedbush reaffirmed a "neutral" rating and issued a $85.00 price objective on shares of PulteGroup in a report on Wednesday, January 31st. UBS Group downgraded shares of PulteGroup from a "buy" rating to a "neutral" rating and upped their price objective for the stock from $93.00 to $120.00 in a report on Thursday, January 4th. Citigroup upped their price objective on shares of PulteGroup from $116.00 to $127.00 and gave the stock a "neutral" rating in a report on Friday, April 5th. Finally, Raymond James upped their price objective on shares of PulteGroup from $100.00 to $120.00 and gave the stock an "outperform" rating in a report on Monday, February 5th. Six research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $106.47.

Insiders Place Their Bets

In other news, VP Brien P. O'meara sold 2,000 shares of the company's stock in a transaction dated Tuesday, February 6th. The stock was sold at an average price of $103.09, for a total value of $206,180.00. Following the transaction, the vice president now owns 15,389 shares in the company, valued at approximately $1,586,452.01. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 0.75% of the company's stock.

PulteGroup Trading Down 1.9 %

NYSE PHM traded down $2.10 on Monday, hitting $108.79. 1,839,558 shares of the company were exchanged, compared to its average volume of 1,792,582. The company's 50 day moving average price is $110.24 and its 200-day moving average price is $97.48. The company has a debt-to-equity ratio of 0.19, a current ratio of 0.86 and a quick ratio of 0.86. The firm has a market capitalization of $22.95 billion, a P/E ratio of 9.27, a price-to-earnings-growth ratio of 0.54 and a beta of 1.56. PulteGroup, Inc. has a twelve month low of $59.95 and a twelve month high of $121.07.

PulteGroup (NYSE:PHM - Get Free Report) last posted its quarterly earnings data on Tuesday, January 30th. The construction company reported $3.28 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.21 by $0.07. The firm had revenue of $4.29 billion for the quarter, compared to the consensus estimate of $4.47 billion. PulteGroup had a return on equity of 25.97% and a net margin of 16.20%. The business's revenue for the quarter was down 15.5% compared to the same quarter last year. During the same quarter in the previous year, the company earned $3.63 EPS. Analysts predict that PulteGroup, Inc. will post 11.79 earnings per share for the current fiscal year.

PulteGroup Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, April 2nd. Shareholders of record on Friday, March 15th were issued a dividend of $0.20 per share. The ex-dividend date was Thursday, March 14th. This represents a $0.80 annualized dividend and a yield of 0.74%. PulteGroup's payout ratio is presently 6.81%.

PulteGroup declared that its Board of Directors has authorized a share repurchase plan on Tuesday, 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 6.5% of its stock through open market purchases. Stock repurchase plans are often 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.