Swiss National Bank Has $70.83 Million Position in PulteGroup, Inc. (NYSE:PHM)

Swiss National Bank lowered its position in PulteGroup, Inc. (NYSE:PHM - Free Report) by 4.6% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 686,200 shares of the construction company's stock after selling 32,800 shares during the period. Swiss National Bank owned approximately 0.32% of PulteGroup worth $70,830,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Certuity LLC acquired a new stake in shares of PulteGroup in the 4th quarter worth approximately $245,000. Nordea Investment Management AB grew its holdings in PulteGroup by 4.0% during the 4th quarter. Nordea Investment Management AB now owns 753,768 shares of the construction company's stock valued at $78,030,000 after buying an additional 28,833 shares during the last quarter. Illinois Municipal Retirement Fund grew its holdings in PulteGroup by 24.9% during the 3rd quarter. Illinois Municipal Retirement Fund now owns 26,341 shares of the construction company's stock valued at $1,951,000 after buying an additional 5,257 shares during the last quarter. Truist Financial Corp grew its holdings in PulteGroup by 248.6% during the 4th quarter. Truist Financial Corp now owns 191,219 shares of the construction company's stock valued at $19,738,000 after buying an additional 136,370 shares during the last quarter. Finally, American Century Companies Inc. grew its holdings in PulteGroup by 65.0% during the 3rd quarter. American Century Companies Inc. now owns 224,978 shares of the construction company's stock valued at $16,660,000 after buying an additional 88,638 shares during the last quarter. Institutional investors and hedge funds own 89.90% of the company's stock.

PulteGroup Trading Up 0.9 %

PulteGroup stock traded up $1.01 during midday trading on Monday, reaching $117.65. The stock had a trading volume of 1,653,157 shares, compared to its average volume of 1,809,873. PulteGroup, Inc. has a twelve month low of $65.16 and a twelve month high of $121.07. The stock has a market capitalization of $24.75 billion, a PE ratio of 9.42, a price-to-earnings-growth ratio of 0.52 and a beta of 1.56. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.85 and a current ratio of 0.85. The stock's 50-day simple moving average is $112.51 and its 200 day simple moving average is $101.54.

PulteGroup declared that its board has approved a stock repurchase plan on Tuesday, January 30th that authorizes the company to repurchase $1.50 billion in outstanding shares. This repurchase authorization authorizes the construction company to repurchase up to 6.5% of its shares through open market purchases. Shares repurchase plans are usually a sign that the company's board of directors believes its stock is undervalued.

PulteGroup Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, July 2nd. Investors of record on Tuesday, June 18th will be issued a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a yield of 0.68%. PulteGroup's payout ratio is currently 6.41%.

Insider Activity at PulteGroup

In related news, VP Brien P. O'meara sold 2,000 shares of PulteGroup stock in a transaction on 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 $1,586,452.01. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.75% of the stock is owned by insiders.

Analyst Ratings Changes

PHM has been the topic of a number of analyst reports. Oppenheimer increased their target price on PulteGroup from $138.00 to $143.00 and gave the company an "outperform" rating in a report on Wednesday, April 24th. Raymond James reiterated an "outperform" rating and set a $135.00 target price (up previously from $120.00) on shares of PulteGroup in a report on Thursday, April 25th. Royal Bank of Canada increased their target price on PulteGroup from $106.00 to $113.00 and gave the company a "sector perform" rating in a report on Wednesday, April 24th. StockNews.com upgraded PulteGroup from a "hold" rating to a "buy" rating in a report on Wednesday, April 24th. Finally, Wedbush restated a "neutral" rating and set a $85.00 price objective on shares of PulteGroup in a report on Wednesday, January 31st. Five research analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $111.73.

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.