PulteGroup, Inc. (NYSE:PHM) Holdings Cut by Alaska Permanent Fund Corp

Alaska Permanent Fund Corp lowered its holdings in shares of PulteGroup, Inc. (NYSE:PHM) by 3.8% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 31,166 shares of the construction company’s stock after selling 1,234 shares during the quarter. Alaska Permanent Fund Corp’s holdings in PulteGroup were worth $3,217,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Aprio Wealth Management LLC grew its stake in PulteGroup by 3.1% in the 4th quarter. Aprio Wealth Management LLC now owns 3,583 shares of the construction company’s stock valued at $370,000 after buying an additional 107 shares during the last quarter. KMG Fiduciary Partners LLC grew its position in PulteGroup by 4.1% in the 4th quarter. KMG Fiduciary Partners LLC now owns 3,102 shares of the construction company’s stock worth $320,000 after purchasing an additional 121 shares during the last quarter. DNB Asset Management AS grew its position in PulteGroup by 0.3% in the 4th quarter. DNB Asset Management AS now owns 43,391 shares of the construction company’s stock worth $4,479,000 after purchasing an additional 123 shares during the last quarter. Cascade Investment Advisors Inc. grew its position in PulteGroup by 1.6% in the 4th quarter. Cascade Investment Advisors Inc. now owns 8,165 shares of the construction company’s stock worth $843,000 after purchasing an additional 125 shares during the last quarter. Finally, Sugarloaf Wealth Management LLC grew its position in PulteGroup by 9.2% in the 3rd quarter. Sugarloaf Wealth Management LLC now owns 1,695 shares of the construction company’s stock worth $126,000 after purchasing an additional 143 shares during the last quarter. 89.90% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at PulteGroup

In other news, VP Brien P. O’meara sold 2,000 shares of the business’s stock in a transaction that occurred on Tuesday, February 6th. The shares were 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 approximately $1,586,452.01. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 0.75% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on PHM shares. Jefferies Financial Group boosted their target price on shares of PulteGroup from $126.00 to $131.00 and gave the stock a “buy” rating in a research note on Wednesday. Wedbush reaffirmed a “neutral” rating and issued a $85.00 target price on shares of PulteGroup in a research note on Wednesday, January 31st. Raymond James boosted their price target on shares of PulteGroup from $100.00 to $120.00 and gave the stock an “outperform” rating in a research note on Monday, February 5th. Zelman & Associates raised shares of PulteGroup from a “neutral” rating to an “outperform” rating in a research note on Wednesday. Finally, The Goldman Sachs Group boosted their price target on shares of PulteGroup from $91.00 to $105.00 and gave the stock a “neutral” rating in a research note on Thursday, January 11th. Six analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $110.73.

PulteGroup Stock Down 0.4 %

Shares of PulteGroup stock traded down $0.50 on Wednesday, hitting $112.26. The company had a trading volume of 2,044,801 shares, compared to its average volume of 1,827,987. The firm has a market capitalization of $23.69 billion, a P/E ratio of 9.54, a P/E/G ratio of 0.52 and a beta of 1.56. PulteGroup, Inc. has a twelve month low of $64.41 and a twelve month high of $121.07. The company has a debt-to-equity ratio of 0.19, a current ratio of 0.86 and a quick ratio of 0.86. The stock has a 50-day moving average of $110.73 and a 200-day moving average of $98.96.

PulteGroup (NYSE:PHM) last announced its quarterly earnings data on Tuesday, January 30th. The construction company reported $3.28 EPS for the quarter, topping analysts’ consensus estimates of $3.21 by $0.07. The business had revenue of $4.29 billion for the quarter, compared to analyst estimates of $4.47 billion. PulteGroup had a net margin of 16.20% and a return on equity of 25.97%. The firm’s revenue for the quarter was down 15.5% on a year-over-year basis. During the same quarter in the previous year, the firm posted $3.63 earnings per share. Research analysts predict that PulteGroup, Inc. will post 11.79 earnings per share for the current year.

PulteGroup declared that its Board of Directors has authorized a stock repurchase plan on Tuesday, January 30th that authorizes the company to buyback $1.50 billion in shares. This buyback authorization authorizes the construction company to repurchase up to 6.5% of its stock through open market purchases. Stock buyback plans are typically a sign that the company’s board of directors believes its shares are undervalued.

PulteGroup Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, April 2nd. Shareholders of record on Friday, March 15th were issued a $0.20 dividend. This represents a $0.80 annualized dividend and a yield of 0.71%. The ex-dividend date was Thursday, March 14th. PulteGroup’s dividend payout ratio is currently 6.81%.

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.