Quantbot Technologies LP Makes New $11.11 Million Investment in PulteGroup, Inc. (NYSE:PHM)

Quantbot Technologies LP purchased a new position in shares of PulteGroup, Inc. (NYSE:PHM - Free Report) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm purchased 102,058 shares of the construction company's stock, valued at approximately $11,114,000. Quantbot Technologies LP owned approximately 0.05% of PulteGroup at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. Sciencast Management LP acquired a new stake in shares of PulteGroup in the 4th quarter valued at approximately $1,219,000. Millstone Evans Group LLC bought a new position in PulteGroup in the 4th quarter valued at approximately $115,000. Wayfinding Financial LLC acquired a new stake in PulteGroup in the fourth quarter valued at approximately $275,000. TD Private Client Wealth LLC grew its stake in shares of PulteGroup by 11.0% during the fourth quarter. TD Private Client Wealth LLC now owns 2,064 shares of the construction company's stock worth $225,000 after buying an additional 205 shares during the last quarter. Finally, Semanteon Capital Management LP acquired a new position in shares of PulteGroup during the fourth quarter worth $1,012,000. 89.90% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other news, EVP Todd N. Sheldon sold 15,191 shares of the stock in a transaction dated Thursday, February 13th. The shares were sold at an average price of $106.50, for a total transaction of $1,617,841.50. Following the transaction, the executive vice president now owns 74,758 shares of the company's stock, valued at $7,961,727. This represents a 16.89 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, 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 transaction, the director now directly owns 56,617 shares in the company, valued at approximately $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. Over the last ninety days, insiders sold 21,191 shares of company stock worth $2,256,367. 0.83% of the stock is currently owned by company insiders.

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Analyst Ratings Changes

Several equities research analysts recently weighed in on the company. Wedbush reissued an "outperform" rating and set a $135.00 price objective on shares of PulteGroup in a report 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. Barclays lowered their price objective on PulteGroup from $125.00 to $117.00 and set an "equal weight" rating for the company in a research note on Friday, January 31st. Wells Fargo & Company cut their target price on shares of PulteGroup from $165.00 to $140.00 and set an "overweight" rating on the stock in a research report on Tuesday, December 17th. Finally, Bank of America decreased their price target on shares of PulteGroup from $135.00 to $134.00 and set a "buy" rating for the company in a research report on Monday, January 27th. Seven equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company's stock. According to MarketBeat, PulteGroup presently has an average rating of "Moderate Buy" and a consensus target price of $140.86.

PulteGroup Trading Down 0.1 %

Shares of PulteGroup stock traded down $0.11 on Wednesday, hitting $105.21. 1,248,497 shares of the company's stock traded hands, compared to its average volume of 1,877,931. The company has a fifty day moving average of $108.34 and a two-hundred day moving average of $121.83. PulteGroup, Inc. has a one year low of $100.35 and a one year high of $149.47. The company has a market capitalization of $21.30 billion, a price-to-earnings ratio of 7.15, a price-to-earnings-growth ratio of 0.29 and a beta of 1.71. 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 issued its quarterly earnings results on Thursday, January 30th. The construction company reported $3.50 earnings per share (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%. As a group, sell-side analysts expect that PulteGroup, Inc. will post 12.32 earnings per share for the current year.

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

PulteGroup Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, April 2nd. Investors of record on Tuesday, March 18th will be paid a dividend of $0.22 per share. This represents a $0.88 annualized dividend and a yield of 0.84%. The ex-dividend date is Tuesday, March 18th. PulteGroup's dividend payout ratio is presently 5.98%.

About PulteGroup

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.