PulteGroup, Inc. (NYSE:PHM) Shares Bought by Caisse DE Depot ET Placement DU Quebec

Caisse DE Depot ET Placement DU Quebec increased its stake in shares of PulteGroup, Inc. (NYSE:PHM - Free Report) by 10.6% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,238,096 shares of the construction company's stock after acquiring an additional 118,708 shares during the period. Caisse DE Depot ET Placement DU Quebec owned about 0.60% of PulteGroup worth $134,829,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently bought and sold shares of PHM. Logan Capital Management Inc. lifted its stake in shares of PulteGroup by 67.7% in the 3rd quarter. Logan Capital Management Inc. now owns 14,797 shares of the construction company's stock valued at $2,124,000 after purchasing an additional 5,976 shares during the period. Nilsine Partners LLC increased its holdings in PulteGroup by 929.2% in the fourth quarter. Nilsine Partners LLC now owns 20,574 shares of the construction company's stock valued at $2,240,000 after buying an additional 18,575 shares in the last quarter. Harbor Capital Advisors Inc. raised its position in shares of PulteGroup by 3.2% in the fourth quarter. Harbor Capital Advisors Inc. now owns 4,559 shares of the construction company's stock worth $496,000 after acquiring an additional 143 shares during the period. Argyle Capital Management LLC grew its position in shares of PulteGroup by 1.5% during the 4th quarter. Argyle Capital Management LLC now owns 42,241 shares of the construction company's stock valued at $4,600,000 after acquiring an additional 641 shares during the period. Finally, Eastern Bank grew its position in shares of PulteGroup by 4.6% during the 4th quarter. Eastern Bank now owns 142,740 shares of the construction company's stock valued at $15,544,000 after acquiring an additional 6,243 shares during the period. 89.90% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In related news, EVP Todd N. Sheldon sold 15,191 shares of the stock in a transaction that occurred on Thursday, February 13th. The stock was sold at an average price of $106.50, for a total value of $1,617,841.50. Following the completion of the transaction, the executive vice president now directly owns 74,758 shares in the company, valued at approximately $7,961,727. This represents a 16.89 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Brian P. Anderson sold 2,500 shares of the firm's stock in a transaction 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 sale, the director now directly owns 56,617 shares of the company's stock, valued at approximately $6,026,879.65. This trade represents a 4.23 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 21,191 shares of company stock valued at $2,256,367 in the last 90 days. Company insiders own 0.76% of the company's stock.

Analyst Ratings Changes

A number of brokerages have issued reports on PHM. Citigroup lowered their price target on PulteGroup from $146.00 to $119.00 and set a "neutral" rating on the stock in a research report on Monday, January 6th. Oppenheimer dropped their price target on shares of PulteGroup from $165.00 to $150.00 and set an "outperform" rating on the stock in a research note on Friday, January 31st. Evercore ISI upped 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. Wells Fargo & Company dropped their target price on shares of PulteGroup from $140.00 to $120.00 and set an "overweight" rating on the stock in a research report on Monday, April 14th. Finally, Barclays reduced their price target on shares of PulteGroup from $100.00 to $98.00 and set an "equal weight" rating for the company in a research report on Wednesday, April 23rd. Seven equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. According to data from MarketBeat.com, PulteGroup has a consensus rating of "Moderate Buy" and an average target price of $134.69.

PulteGroup Price Performance

Shares of NYSE:PHM traded up $2.62 during midday trading on Friday, hitting $104.51. The company had a trading volume of 1,439,479 shares, compared to its average volume of 1,999,683. PulteGroup, Inc. has a twelve month low of $88.07 and a twelve month high of $149.47. The stock has a market cap of $20.95 billion, a price-to-earnings ratio of 7.10, a price-to-earnings-growth ratio of 0.29 and a beta of 1.44. The company has a debt-to-equity ratio of 0.13, a current ratio of 0.86 and a quick ratio of 0.86. The business's 50-day simple moving average is $101.20 and its 200-day simple moving average is $113.43.

PulteGroup (NYSE:PHM - Get Free Report) last issued its earnings results on Tuesday, April 22nd. The construction company reported $2.57 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.47 by $0.10. The business had revenue of $3.89 billion during 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 last year, the company earned $3.10 EPS. On average, research analysts predict that PulteGroup, Inc. will post 12.32 earnings per share for the current year.

PulteGroup declared that its Board of Directors has authorized a stock 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 reacquire up to 6.2% of its shares through open market purchases. Shares buyback programs are usually an indication that the company's board of directors believes its stock is undervalued.

PulteGroup Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, July 2nd. Shareholders of record on Tuesday, June 17th will be issued a $0.22 dividend. The ex-dividend date of this dividend is Tuesday, June 17th. This represents a $0.88 annualized dividend and a yield of 0.84%. PulteGroup's payout ratio is 6.21%.

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.