Headlands Technologies LLC Acquires Shares of 3,598 PulteGroup, Inc. (NYSE:PHM)

Headlands Technologies LLC bought a new position in shares of PulteGroup, Inc. (NYSE:PHM - Free Report) in the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund bought 3,598 shares of the construction company's stock, valued at approximately $392,000.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Hager Investment Management Services LLC acquired a new position in PulteGroup in the 4th quarter valued at $29,000. Fortitude Family Office LLC grew its stake in shares of PulteGroup by 74.1% in the fourth quarter. Fortitude Family Office LLC now owns 322 shares of the construction company's stock valued at $35,000 after acquiring an additional 137 shares in the last quarter. R Squared Ltd acquired a new position in shares of PulteGroup in the fourth quarter valued at about $39,000. Thurston Springer Miller Herd & Titak Inc. increased its position in PulteGroup by 41.9% during the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 444 shares of the construction company's stock worth $48,000 after acquiring an additional 131 shares during the period. Finally, Oakworth Capital Inc. raised its stake in PulteGroup by 642.2% in the 4th quarter. Oakworth Capital Inc. now owns 475 shares of the construction company's stock worth $52,000 after purchasing an additional 411 shares in the last quarter. Institutional investors and hedge funds own 89.90% of the company's stock.

Insider Buying and Selling

In other news, EVP Todd N. Sheldon sold 15,191 shares of the firm's 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 transaction, the executive vice president now owns 74,758 shares in the company, valued at $7,961,727. This trade represents a 16.89 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP Brien P. O'meara sold 3,500 shares of the 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 sale, the vice president now directly owns 11,372 shares of the company's stock, valued at $1,209,980.80. The trade was a 23.53 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 21,191 shares of company stock worth $2,256,367 in the last quarter. Insiders own 0.76% of the company's stock.

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Wall Street Analysts Forecast Growth

PHM has been the topic of a number of analyst reports. Citigroup decreased their target price on shares of PulteGroup from $146.00 to $119.00 and set a "neutral" rating on the stock in a research report on Monday, January 6th. Bank of America dropped their price objective on PulteGroup from $135.00 to $134.00 and set a "buy" rating for the company in a report on Monday, January 27th. Barclays dropped their price target on PulteGroup from $117.00 to $100.00 and set an "equal weight" rating for the company in a research note on Tuesday. Seaport Res Ptn raised PulteGroup from a "strong sell" rating to a "hold" rating in a research note on Thursday, March 6th. Finally, StockNews.com lowered PulteGroup from a "buy" rating to a "hold" rating in a research report on Wednesday, December 11th. Seven equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $139.64.

PulteGroup Trading Up 5.5 %

Shares of NYSE:PHM traded up $5.02 during trading on Wednesday, reaching $97.04. The stock had a trading volume of 3,324,397 shares, compared to its average volume of 1,982,256. The stock has a market cap of $19.65 billion, a price-to-earnings ratio of 6.60, a P/E/G ratio of 0.29 and a beta of 1.44. The company has a debt-to-equity ratio of 0.13, a quick ratio of 0.86 and a current ratio of 0.86. The firm's fifty day moving average is $104.03 and its 200 day moving average is $118.56. PulteGroup, Inc. has a 52 week low of $88.07 and a 52 week high of $149.47.

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

PulteGroup declared that its Board of Directors has initiated a share repurchase plan on Thursday, January 30th that allows the company to repurchase $1.50 billion in shares. This repurchase authorization allows the construction company to buy up to 6.2% of its stock through open market purchases. Stock repurchase plans are generally a sign that the company's board of directors believes its shares are undervalued.

PulteGroup Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, April 2nd. Shareholders of record on Tuesday, March 18th were issued a dividend of $0.22 per share. The ex-dividend date of this dividend was Tuesday, March 18th. This represents a $0.88 annualized dividend and a yield of 0.91%. PulteGroup's payout ratio is 5.98%.

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.