Oxford Asset Management LLP Makes New $463,000 Investment in PulteGroup, Inc. (NYSE:PHM)

Oxford Asset Management LLP purchased a new stake in PulteGroup, Inc. (NYSE:PHM - Free Report) in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm purchased 4,256 shares of the construction company's stock, valued at approximately $463,000.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Hager Investment Management Services LLC bought a new position in PulteGroup during the fourth quarter worth $29,000. Fortitude Family Office LLC lifted its stake in shares of PulteGroup by 74.1% during the 4th quarter. Fortitude Family Office LLC now owns 322 shares of the construction company's stock worth $35,000 after buying an additional 137 shares during the last quarter. TD Waterhouse Canada Inc. boosted its holdings in shares of PulteGroup by 43.0% during the 4th quarter. TD Waterhouse Canada Inc. now owns 349 shares of the construction company's stock worth $38,000 after buying an additional 105 shares during the period. R Squared Ltd acquired a new position in PulteGroup in the 4th quarter valued at about $39,000. Finally, Thurston Springer Miller Herd & Titak Inc. raised its holdings in PulteGroup by 41.9% in the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 444 shares of the construction company's stock valued at $48,000 after acquiring an additional 131 shares during the period. Institutional investors own 89.90% of the company's stock.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on the stock. Seaport Res Ptn upgraded shares of PulteGroup from a "strong sell" rating to a "hold" rating in a research note on Thursday, March 6th. Wedbush reaffirmed an "outperform" rating and set a $135.00 target price on shares of PulteGroup in a report on Tuesday, April 22nd. Barclays cut their price target on PulteGroup from $100.00 to $98.00 and set an "equal weight" rating for the company in a research note on Wednesday, April 23rd. Citigroup lowered their price objective on PulteGroup from $146.00 to $119.00 and set a "neutral" rating on the stock in a research note on Monday, January 6th. Finally, The Goldman Sachs Group cut their target price on PulteGroup from $140.00 to $124.00 and set a "neutral" rating for the company in a research report on Tuesday, January 14th. Seven equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $134.69.

Insider Buying and Selling

In other news, Director Brian P. Anderson sold 2,500 shares of the company's stock in a transaction that occurred on 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 of the company's stock, valued at $6,026,879.65. This represents a 4.23 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, VP Brien P. O'meara sold 3,500 shares of the company's stock in a transaction that occurred on 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 transaction, the vice president now owns 11,372 shares in the company, valued at approximately $1,209,980.80. The trade was a 23.53 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 21,191 shares of company stock worth $2,256,367. 0.76% of the stock is owned by insiders.

PulteGroup Stock Down 0.8 %

Shares of NYSE PHM traded down $0.77 during midday trading on Thursday, hitting $101.81. 1,576,860 shares of the stock traded hands, compared to its average volume of 1,997,816. 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, Inc. has a one year low of $88.07 and a one year high of $149.47. The business has a 50 day moving average price of $101.24 and a two-hundred day moving average price of $114.22. The company has a market cap of $20.41 billion, a PE ratio of 6.92, a P/E/G ratio of 0.29 and a beta of 1.44.

PulteGroup (NYSE:PHM - Get Free Report) last issued its quarterly earnings data on Tuesday, April 22nd. The construction company reported $2.57 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.47 by $0.10. The firm had revenue of $3.89 billion during the quarter, compared to analysts' expectations of $3.86 billion. PulteGroup had a net margin of 17.18% and a return on equity of 24.43%. During the same period last year, the company earned $3.10 earnings per share. On average, equities analysts predict that PulteGroup, Inc. will post 12.32 EPS for the current year.

PulteGroup Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 2nd. Shareholders 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 0.86%. PulteGroup's dividend payout ratio (DPR) is presently 6.21%.

PulteGroup announced that its board has initiated a stock repurchase program on Thursday, January 30th that authorizes the company to buyback $1.50 billion in outstanding shares. This buyback authorization authorizes the construction company to reacquire up to 6.2% of its stock through open market purchases. Stock buyback programs are typically an indication that the company's board of directors believes its stock is undervalued.

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.