PulteGroup, Inc. (NYSE:PHM) Shares Sold by OMERS ADMINISTRATION Corp

OMERS ADMINISTRATION Corp lessened its holdings in PulteGroup, Inc. (NYSE:PHM - Free Report) by 21.7% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 18,475 shares of the construction company's stock after selling 5,123 shares during the period. OMERS ADMINISTRATION Corp's holdings in PulteGroup were worth $2,012,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Czech National Bank raised its stake in PulteGroup by 5.2% in the fourth quarter. Czech National Bank now owns 44,466 shares of the construction company's stock valued at $4,842,000 after buying an additional 2,192 shares in the last quarter. Capital Investment Advisors LLC increased its holdings in shares of PulteGroup by 11.0% in the 4th quarter. Capital Investment Advisors LLC now owns 3,381 shares of the construction company's stock valued at $368,000 after acquiring an additional 335 shares during the last quarter. Wedmont Private Capital raised its position in shares of PulteGroup by 3.7% during the 4th quarter. Wedmont Private Capital now owns 3,050 shares of the construction company's stock worth $328,000 after acquiring an additional 110 shares in the last quarter. Fifth Third Wealth Advisors LLC lifted its stake in PulteGroup by 41.5% during the fourth quarter. Fifth Third Wealth Advisors LLC now owns 3,433 shares of the construction company's stock worth $374,000 after purchasing an additional 1,007 shares during the last quarter. Finally, Park Avenue Securities LLC boosted its holdings in PulteGroup by 16.5% in the fourth quarter. Park Avenue Securities LLC now owns 37,734 shares of the construction company's stock valued at $4,109,000 after purchasing an additional 5,332 shares in the last quarter. Hedge funds and other institutional investors own 89.90% of the company's stock.

PulteGroup Stock Down 0.3%

Shares of PHM stock traded down $0.30 on Wednesday, hitting $101.01. The stock had a trading volume of 404,576 shares, compared to its average volume of 1,992,280. The stock's 50 day moving average is $100.85 and its 200-day moving average is $110.74. The firm has a market capitalization of $20.24 billion, a price-to-earnings ratio of 6.86, a P/E/G ratio of 0.29 and a beta of 1.37. PulteGroup, Inc. has a 52-week low of $88.07 and a 52-week 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.

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

PulteGroup Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 2nd. Investors of record on Tuesday, June 17th will be paid a dividend of $0.22 per share. This represents a $0.88 annualized dividend and a yield of 0.87%. The ex-dividend date is Tuesday, June 17th. PulteGroup's dividend payout ratio (DPR) is presently 6.21%.

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

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on PHM shares. Royal Bank of Canada reduced their target price on PulteGroup from $116.00 to $109.00 and set a "sector perform" rating for the company in a report on Wednesday, April 23rd. Seaport Res Ptn raised PulteGroup from a "strong sell" rating to a "hold" rating in a report on Thursday, March 6th. Oppenheimer cut their target price on shares of PulteGroup from $165.00 to $150.00 and set an "outperform" rating on the stock in a report on Friday, January 31st. Wells Fargo & Company reduced their price target on shares of PulteGroup from $140.00 to $120.00 and set an "overweight" rating for the company in a research report on Monday, April 14th. Finally, Evercore ISI raised their price objective on shares of PulteGroup from $161.00 to $165.00 and gave the stock an "outperform" rating in a research report on Wednesday, April 23rd. Seven analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. According to data from MarketBeat, PulteGroup presently has a consensus rating of "Moderate Buy" and an average 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.