Aware Super Pty Ltd as trustee of Aware Super Takes $31.03 Million Position in PulteGroup, Inc. (NYSE:PHM)

Aware Super Pty Ltd as trustee of Aware Super bought a new stake in PulteGroup, Inc. (NYSE:PHM - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund bought 284,892 shares of the construction company's stock, valued at approximately $31,025,000. Aware Super Pty Ltd as trustee of Aware Super owned 0.14% of PulteGroup as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in the stock. Logan Capital Management Inc. raised its holdings in PulteGroup by 67.7% in the third quarter. Logan Capital Management Inc. now owns 14,797 shares of the construction company's stock valued at $2,124,000 after acquiring an additional 5,976 shares in the last quarter. Nilsine Partners LLC increased its holdings in shares of PulteGroup by 929.2% in the fourth quarter. Nilsine Partners LLC now owns 20,574 shares of the construction company's stock valued at $2,240,000 after purchasing an additional 18,575 shares during the period. Harbor Capital Advisors Inc. lifted its stake in shares of PulteGroup by 3.2% in the 4th quarter. Harbor Capital Advisors Inc. now owns 4,559 shares of the construction company's stock worth $496,000 after acquiring an additional 143 shares during the period. Argyle Capital Management LLC increased its position in PulteGroup by 1.5% during the 4th quarter. Argyle Capital Management LLC now owns 42,241 shares of the construction company's stock worth $4,600,000 after purchasing an additional 641 shares during the period. Finally, Eastern Bank lifted its holdings in PulteGroup by 4.6% in the fourth quarter. Eastern Bank now owns 142,740 shares of the construction company's stock valued at $15,544,000 after acquiring an additional 6,243 shares during the period. Hedge funds and other institutional investors own 89.90% of the company's stock.

PulteGroup Stock Up 2.2 %

PHM traded up $2.01 during trading on Friday, reaching $94.87. The company had a trading volume of 2,870,580 shares, compared to its average volume of 1,996,144. PulteGroup, Inc. has a 12 month low of $88.07 and a 12 month high of $149.47. The business's fifty day moving average price is $102.28 and its 200 day moving average price is $116.74. The company has a market cap of $19.21 billion, a P/E ratio of 6.45, a PEG ratio of 0.29 and a beta of 1.44. 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 released its quarterly earnings data 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 net margin of 17.18% and a return on equity of 24.43%. Equities analysts anticipate that PulteGroup, Inc. will post 12.32 EPS for the current year.

PulteGroup declared that its board has approved a stock buyback 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 often an indication that the company's leadership believes its shares are undervalued.

PulteGroup Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, April 2nd. Stockholders of record on Tuesday, March 18th were given a $0.22 dividend. This represents a $0.88 annualized dividend and a dividend yield of 0.93%. The ex-dividend date of this dividend was Tuesday, March 18th. PulteGroup's payout ratio is presently 5.98%.

Insider Buying and Selling at PulteGroup

In other PulteGroup news, VP Brien P. O'meara sold 3,500 shares of PulteGroup 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 approximately $1,209,980.80. The trade was a 23.53 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Brian P. Anderson sold 2,500 shares of the 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 completion of the transaction, the director now owns 56,617 shares in the company, valued at approximately $6,026,879.65. The trade was a 4.23 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 21,191 shares of company stock worth $2,256,367 over the last three months. Corporate insiders own 0.76% of the company's stock.

Analysts Set New Price Targets

PHM has been the topic of a number of analyst reports. Wedbush reaffirmed an "outperform" rating and set a $135.00 price objective on shares of PulteGroup in a research note on Friday, January 31st. The Goldman Sachs Group dropped 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. 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. Wells Fargo & Company lowered their price target on shares of PulteGroup from $140.00 to $120.00 and set an "overweight" rating for the company in a report on Monday. Finally, Seaport Res Ptn raised shares of PulteGroup from a "strong sell" rating to a "hold" rating in a report on Thursday, March 6th. Seven equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $138.21.

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.