Livforsakringsbolaget Skandia Omsesidigt Grows Holdings in PulteGroup, Inc. (NYSE:PHM)

Livforsakringsbolaget Skandia Omsesidigt boosted its holdings in PulteGroup, Inc. (NYSE:PHM) by 0.4% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 62,894 shares of the construction company’s stock after purchasing an additional 246 shares during the quarter. Livforsakringsbolaget Skandia Omsesidigt’s holdings in PulteGroup were worth $6,492,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Rakuten Securities Inc. acquired a new position in shares of PulteGroup during the 4th quarter worth $37,000. Coppell Advisory Solutions LLC acquired a new position in shares of PulteGroup during the 2nd quarter worth $29,000. ORG Partners LLC grew its stake in shares of PulteGroup by 3,463.6% during the 4th quarter. ORG Partners LLC now owns 392 shares of the construction company’s stock worth $40,000 after purchasing an additional 381 shares during the period. AdvisorNet Financial Inc grew its stake in shares of PulteGroup by 91.5% during the 4th quarter. AdvisorNet Financial Inc now owns 427 shares of the construction company’s stock worth $44,000 after purchasing an additional 204 shares during the period. Finally, Arlington Trust Co LLC acquired a new position in shares of PulteGroup during the 3rd quarter worth $33,000. Hedge funds and other institutional investors own 89.90% of the company’s stock.

Wall Street Analysts Forecast Growth

PHM has been the topic of a number of recent research reports. Barclays upped their target price on shares of PulteGroup from $126.00 to $136.00 and gave the company an “overweight” rating in a report on Thursday, April 4th. Wedbush reiterated a “neutral” rating and set a $85.00 price objective on shares of PulteGroup in a report on Wednesday, January 31st. StockNews.com lowered shares of PulteGroup from a “buy” rating to a “hold” rating in a report on Saturday, March 2nd. Royal Bank of Canada increased their price objective on shares of PulteGroup from $103.00 to $106.00 and gave the stock a “sector perform” rating in a report on Wednesday, January 31st. Finally, Raymond James increased their price objective on shares of PulteGroup from $100.00 to $120.00 and gave the stock an “outperform” rating in a report on Monday, February 5th. Six investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $106.47.

Insider Transactions at PulteGroup

In other PulteGroup news, VP Brien P. O’meara sold 2,000 shares of the firm’s stock in a transaction on Tuesday, February 6th. The stock was sold at an average price of $103.09, for a total value of $206,180.00. Following the sale, the vice president now directly owns 15,389 shares in the company, valued at $1,586,452.01. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 0.75% of the company’s stock.

PulteGroup Stock Down 0.7 %

NYSE:PHM traded down $0.71 during trading hours on Wednesday, hitting $106.15. The stock had a trading volume of 1,284,987 shares, compared to its average volume of 1,782,813. The company has a current ratio of 0.86, a quick ratio of 0.86 and a debt-to-equity ratio of 0.19. PulteGroup, Inc. has a 1-year low of $61.00 and a 1-year high of $121.07. The business has a 50 day simple moving average of $110.32 and a two-hundred day simple moving average of $97.71. The company has a market cap of $22.40 billion, a PE ratio of 9.10, a price-to-earnings-growth ratio of 0.53 and a beta of 1.56.

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

PulteGroup Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, April 2nd. Stockholders of record on Friday, March 15th were given a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a dividend yield of 0.75%. The ex-dividend date was Thursday, March 14th. PulteGroup’s payout ratio is currently 6.81%.

PulteGroup declared that its board has initiated a share repurchase program on Tuesday, January 30th that permits the company to buyback $1.50 billion in outstanding shares. This buyback authorization permits the construction company to repurchase up to 6.5% of its shares through open market purchases. Shares buyback programs are usually an indication that the company’s leadership believes its shares are 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.