Andra AP fonden Has $27.23 Million Stock Position in PulteGroup, Inc. (NYSE:PHM)

Andra AP fonden grew its position in shares of PulteGroup, Inc. (NYSE:PHM - Free Report) by 15.2% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 250,000 shares of the construction company's stock after acquiring an additional 32,900 shares during the quarter. Andra AP fonden owned about 0.12% of PulteGroup worth $27,225,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Callan Family Office LLC acquired a new position in shares of PulteGroup during the fourth quarter worth about $263,000. Candriam S.C.A. raised its stake in shares of PulteGroup by 20.3% during the fourth quarter. Candriam S.C.A. now owns 2,555 shares of the construction company's stock valued at $278,000 after purchasing an additional 431 shares during the period. Inceptionr LLC acquired a new position in PulteGroup in the 4th quarter worth $595,000. Dana Investment Advisors Inc. lifted its stake in shares of PulteGroup by 1.7% in the fourth quarter. Dana Investment Advisors Inc. now owns 189,312 shares of the construction company's stock worth $20,616,000 after acquiring an additional 3,201 shares in the last quarter. Finally, Aigen Investment Management LP acquired a new position in shares of PulteGroup in the 4th quarter valued at approximately $374,000. Institutional investors and hedge funds own 89.90% of the company's stock.

Insider Activity at PulteGroup

In related news, VP Brien P. O'meara sold 3,500 shares of PulteGroup stock in a transaction on Thursday, February 13th. The stock was sold at an average price of $106.40, for a total value of $372,400.00. Following the transaction, 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 sale was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP Todd N. Sheldon sold 15,191 shares of the company's stock in a transaction on Thursday, February 13th. The shares were sold at an average price of $106.50, for a total value of $1,617,841.50. Following the sale, the executive vice president now directly owns 74,758 shares of the company's stock, valued at approximately $7,961,727. This represents a 16.89 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 21,191 shares of company stock valued at $2,256,367 over the last ninety days. Insiders own 0.83% of the company's stock.

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Wall Street Analyst Weigh In

A number of analysts recently issued reports on the stock. Seaport Res Ptn upgraded shares of PulteGroup from a "strong sell" rating to a "hold" rating in a research note on Thursday, March 6th. JPMorgan Chase & Co. cut their target price on shares of PulteGroup from $162.00 to $155.00 and set an "overweight" rating on the stock in a research note on Friday, December 13th. The Goldman Sachs Group decreased their price target on PulteGroup from $140.00 to $124.00 and set a "neutral" rating for the company in a research note on Tuesday, January 14th. Wedbush restated an "outperform" rating and set a $135.00 price objective on shares of PulteGroup in a research note on Friday, January 31st. Finally, Citigroup decreased their target price on PulteGroup from $146.00 to $119.00 and set a "neutral" rating for the company in a research report on Monday, January 6th. Seven analysts have rated the stock with a hold rating and eleven have given a buy rating to the company's stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $140.86.

PulteGroup Price Performance

Shares of PHM stock traded down $1.51 during mid-day trading on Tuesday, hitting $105.89. 2,157,556 shares of the stock traded hands, compared to its average volume of 1,861,333. PulteGroup, Inc. has a twelve month low of $100.54 and a twelve month high of $149.47. 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 company's 50-day simple moving average is $109.46 and its 200-day simple moving average is $123.91. The firm has a market cap of $21.44 billion, a price-to-earnings ratio of 7.20, a price-to-earnings-growth ratio of 0.29 and a beta of 1.71.

PulteGroup (NYSE:PHM - Get Free Report) last released its 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 return on equity of 24.43% and a net margin of 17.18%. As a group, equities research analysts expect that PulteGroup, Inc. will post 12.32 earnings per share for the current year.

PulteGroup announced that its board has approved a share repurchase plan on Thursday, January 30th that permits the company to buyback $1.50 billion in shares. This buyback authorization permits the construction company to purchase up to 6.2% of its shares through open market purchases. Shares buyback plans are typically a sign that the company's management believes its shares are undervalued.

PulteGroup Dividend Announcement

The firm also recently announced 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. The ex-dividend date of this dividend is Tuesday, March 18th. This represents a $0.88 dividend on an annualized basis and a dividend yield of 0.83%. PulteGroup's payout ratio is currently 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.