Aigen Investment Management LP Takes $374,000 Position in PulteGroup, Inc. (NYSE:PHM)

Aigen Investment Management LP acquired a new stake in shares of PulteGroup, Inc. (NYSE:PHM - Free Report) during the 4th quarter, according to its most recent filing with the SEC. The institutional investor acquired 3,431 shares of the construction company's stock, valued at approximately $374,000.

Several other institutional investors have also recently modified their holdings of the company. Transcendent Capital Group LLC bought a new position in PulteGroup during the 3rd quarter worth approximately $29,000. Hager Investment Management Services LLC bought a new position in PulteGroup during the 4th quarter worth approximately $29,000. Fortitude Family Office LLC grew its position in PulteGroup by 74.1% during the 4th quarter. Fortitude Family Office LLC now owns 322 shares of the construction company's stock worth $35,000 after acquiring an additional 137 shares during the last quarter. R Squared Ltd bought a new position in PulteGroup during the 4th quarter worth approximately $39,000. Finally, Thurston Springer Miller Herd & Titak Inc. grew its position in PulteGroup by 41.9% during the 4th 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 last quarter. 89.90% of the stock is currently owned by institutional investors.

PulteGroup Stock Down 0.2 %

NYSE:PHM traded down $0.21 during trading hours on Friday, reaching $108.06. 2,461,674 shares of the company traded hands, compared to its average volume of 2,295,283. The business's 50-day moving average price is $109.48 and its two-hundred day moving average price is $124.09. The stock has a market capitalization of $21.88 billion, a P/E ratio of 7.35, a P/E/G ratio of 0.29 and a beta of 1.71. PulteGroup, Inc. has a 1 year low of $100.54 and a 1 year high of $149.47. The company has a current ratio of 0.86, a quick ratio of 0.86 and a debt-to-equity ratio of 0.13.

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PulteGroup (NYSE:PHM - Get Free Report) last posted its quarterly earnings results on Thursday, January 30th. The construction company reported $3.50 earnings per share for the quarter, topping 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%. Analysts predict that PulteGroup, Inc. will post 12.32 earnings per share for the current year.

PulteGroup Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 2nd. Investors of record on Tuesday, March 18th will be issued a $0.22 dividend. This represents a $0.88 annualized dividend and a dividend yield of 0.81%. The ex-dividend date is Tuesday, March 18th. PulteGroup's payout ratio is currently 5.98%.

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

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on PHM. Wedbush reiterated an "outperform" rating and issued a $135.00 price objective on shares of PulteGroup in a research report on Friday, January 31st. UBS Group lifted their price objective on PulteGroup from $148.00 to $151.00 and gave the stock a "buy" rating in a research report on Friday, January 31st. Citigroup cut their price objective on PulteGroup from $146.00 to $119.00 and set a "neutral" rating on the stock in a research report on Monday, January 6th. Barclays cut their price objective on PulteGroup from $125.00 to $117.00 and set an "equal weight" rating on the stock in a research report on Friday, January 31st. Finally, The Goldman Sachs Group cut their price objective on PulteGroup from $140.00 to $124.00 and set a "neutral" rating on the stock in a research report on Tuesday, January 14th. Seven analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. Based on data from MarketBeat, PulteGroup presently has a consensus rating of "Moderate Buy" and an average target price of $140.86.

Insider Buying and Selling

In other news, Director Brian P. Anderson sold 2,500 shares of the business's stock in a transaction dated 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 $6,026,879.65. The trade was a 4.23 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP Brien P. O'meara sold 3,500 shares of the business's stock in a transaction dated 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 owns 11,372 shares in the company, 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 sold 21,191 shares of company stock valued at $2,256,367 over the last 90 days. Company insiders own 0.75% of the company's stock.

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.