Rockefeller Capital Management L.P. Buys 96,049 Shares of PulteGroup, Inc. (NYSE:PHM)

Rockefeller Capital Management L.P. grew its holdings in PulteGroup, Inc. (NYSE:PHM - Free Report) by 227.1% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 138,340 shares of the construction company's stock after purchasing an additional 96,049 shares during the quarter. Rockefeller Capital Management L.P. owned about 0.07% of PulteGroup worth $15,067,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Treasurer of the State of North Carolina lifted its position in shares of PulteGroup by 0.7% during the fourth quarter. Treasurer of the State of North Carolina now owns 124,798 shares of the construction company's stock worth $13,591,000 after purchasing an additional 848 shares in the last quarter. APG Asset Management N.V. bought a new stake in shares of PulteGroup during the fourth quarter worth $11,947,000. Muhlenkamp & Co. Inc. lifted its stake in shares of PulteGroup by 0.3% during the fourth quarter. Muhlenkamp & Co. Inc. now owns 98,071 shares of the construction company's stock valued at $10,680,000 after acquiring an additional 248 shares during the period. Bank of Nova Scotia increased its position in PulteGroup by 458.5% in the fourth quarter. Bank of Nova Scotia now owns 149,056 shares of the construction company's stock worth $16,232,000 after purchasing an additional 122,365 shares during the period. Finally, Shelton Capital Management raised its holdings in PulteGroup by 5.5% during the 4th quarter. Shelton Capital Management now owns 98,394 shares of the construction company's stock worth $10,715,000 after purchasing an additional 5,100 shares during the last quarter. 89.90% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In related news, VP Brien P. O'meara sold 3,500 shares of the firm's stock in a transaction 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 directly owns 11,372 shares of the company's stock, valued at approximately $1,209,980.80. This trade represents a 23.53 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Brian P. Anderson sold 2,500 shares of the company's stock in a transaction on Monday, February 10th. The stock was sold at an average price of $106.45, for a total transaction of $266,125.00. Following the sale, the director now directly owns 56,617 shares in the company, valued at $6,026,879.65. This trade represents a 4.23 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 21,191 shares of company stock worth $2,256,367 in the last quarter. Corporate insiders own 0.76% of the company's stock.

Analyst Ratings Changes

Several equities research analysts have recently commented on the stock. Citigroup lowered their price target on shares of PulteGroup from $146.00 to $119.00 and set a "neutral" rating for the company in a research report on Monday, January 6th. UBS Group increased their price target on PulteGroup from $148.00 to $151.00 and gave the company a "buy" rating in a research note on Friday, January 31st. Wedbush reaffirmed an "outperform" rating and set a $135.00 price objective on shares of PulteGroup in a research note on Friday, January 31st. Seaport Res Ptn raised PulteGroup from a "strong sell" rating to a "hold" rating in a research note on Thursday, March 6th. Finally, Wells Fargo & Company decreased their target price on PulteGroup from $140.00 to $120.00 and set an "overweight" rating for the company in a research report on Monday, April 14th. Seven research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. According to data from MarketBeat.com, PulteGroup has a consensus rating of "Moderate Buy" and an average target price of $138.21.

PulteGroup Stock Up 2.2 %

PHM stock traded up $2.01 during trading hours on Friday, reaching $94.87. 2,870,580 shares of the stock were exchanged, compared to its average volume of 1,995,210. The company has a market cap of $19.21 billion, a price-to-earnings ratio of 6.45, a PEG ratio of 0.29 and a beta of 1.44. The firm's 50-day moving average is $102.04 and its 200-day moving average is $116.03. PulteGroup, Inc. has a 12 month low of $88.07 and a 12 month high of $149.47. The company has a debt-to-equity ratio of 0.13, a current ratio of 0.86 and a quick ratio of 0.86.

PulteGroup (NYSE:PHM - Get Free Report) last released its earnings results on Thursday, January 30th. The construction company reported $3.50 EPS for the quarter, beating the consensus estimate of $3.28 by $0.22. PulteGroup had a return on equity of 24.43% and a net margin of 17.18%. On average, equities research analysts expect that PulteGroup, Inc. will post 12.32 earnings per share for the current year.

PulteGroup announced that its Board of Directors has initiated a share buyback plan on Thursday, January 30th that permits the company to repurchase $1.50 billion in outstanding shares. This repurchase authorization permits the construction company to purchase up to 6.2% of its shares through open market purchases. Shares repurchase plans are generally an indication that the company's board believes its shares are undervalued.

PulteGroup Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, April 2nd. Stockholders of record on Tuesday, March 18th were paid a dividend of $0.22 per share. The ex-dividend date of this dividend was Tuesday, March 18th. This represents a $0.88 dividend on an annualized basis and a dividend yield of 0.93%. PulteGroup's dividend payout ratio is 5.98%.

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.