PulteGroup, Inc. (NYSE:PHM) Shares Purchased by Amundi

Amundi grew its position in PulteGroup, Inc. (NYSE:PHM - Free Report) by 77.9% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,636,562 shares of the construction company's stock after acquiring an additional 716,716 shares during the quarter. Amundi owned about 0.80% of PulteGroup worth $180,775,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in PHM. Transcendent Capital Group LLC bought a new position in shares of PulteGroup in the third quarter worth about $29,000. Hager Investment Management Services LLC bought a new position in shares of PulteGroup in the fourth quarter worth about $29,000. Fortitude Family Office LLC grew its holdings 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 worth $35,000 after purchasing an additional 137 shares during the last quarter. R Squared Ltd bought a new position in shares of PulteGroup in the fourth quarter worth about $39,000. Finally, Thurston Springer Miller Herd & Titak Inc. grew its holdings in shares of PulteGroup by 41.9% in the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 444 shares of the construction company's stock worth $48,000 after purchasing an additional 131 shares during the last quarter. Hedge funds and other institutional investors own 89.90% of the company's stock.

Wall Street Analyst Weigh In

A number of research firms have recently commented on PHM. Citigroup cut their price target on shares of PulteGroup from $146.00 to $119.00 and set a "neutral" rating on the stock in a report on Monday, January 6th. JPMorgan Chase & Co. dropped their target price on shares of PulteGroup from $162.00 to $155.00 and set an "overweight" rating on the stock in a report on Friday, December 13th. The Goldman Sachs Group dropped their target price on shares of PulteGroup from $140.00 to $124.00 and set a "neutral" rating on the stock in a report on Tuesday, January 14th. StockNews.com cut shares of PulteGroup from a "buy" rating to a "hold" rating in a report on Wednesday, December 11th. Finally, Barclays dropped their target price on shares of PulteGroup from $125.00 to $117.00 and set an "equal weight" rating on the stock in a report on Friday, January 31st. Seven equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. According to data from MarketBeat, PulteGroup presently has a consensus rating of "Moderate Buy" and an average target price of $140.86.

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Insiders Place Their Bets

In other PulteGroup news, EVP Todd N. Sheldon sold 15,191 shares of the firm's stock in a transaction that occurred on 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 completion of the transaction, the executive vice president now directly owns 74,758 shares of the company's stock, valued at approximately $7,961,727. This trade represents a 16.89 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, VP Brien P. O'meara sold 3,500 shares of the firm's stock in a transaction that occurred on Thursday, February 13th. The stock was sold at an average price of $106.40, for a total transaction of $372,400.00. Following the sale, the vice president now directly owns 11,372 shares in the company, valued at $1,209,980.80. The trade was a 23.53 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 21,191 shares of company stock valued at $2,256,367. 0.83% of the stock is owned by insiders.

PulteGroup Stock Performance

Shares of PulteGroup stock traded down $2.63 during midday trading on Thursday, hitting $100.90. The company had a trading volume of 2,211,820 shares, compared to its average volume of 1,868,499. The stock has a market cap of $20.43 billion, a price-to-earnings ratio of 6.86, a PEG ratio of 0.29 and a beta of 1.71. The company has a quick ratio of 0.86, a current ratio of 0.86 and a debt-to-equity ratio of 0.13. The company has a fifty day simple moving average of $109.29 and a 200 day simple moving average of $123.56. PulteGroup, Inc. has a 12-month low of $100.54 and a 12-month high of $149.47.

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 (EPS) for the quarter, topping analysts' consensus estimates 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, analysts predict that PulteGroup, Inc. will post 12.32 earnings per share for the current fiscal year.

PulteGroup Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, April 2nd. Shareholders of record on Tuesday, March 18th will be given a dividend of $0.22 per share. This represents a $0.88 dividend on an annualized basis and a yield of 0.87%. The ex-dividend date is Tuesday, March 18th. PulteGroup's dividend payout ratio is presently 5.98%.

PulteGroup announced that its Board of Directors has approved a share repurchase program on Thursday, January 30th that permits the company to buyback $1.50 billion in outstanding shares. This buyback authorization permits the construction company to reacquire up to 6.2% of its shares through open market purchases. Shares buyback programs are generally a sign that the company's board of directors believes its shares are undervalued.

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.