Barclays PLC Has $66.68 Million Holdings in PulteGroup, Inc. (NYSE:PHM)

Barclays PLC raised its stake in PulteGroup, Inc. (NYSE:PHM - Free Report) by 27.8% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 612,320 shares of the construction company's stock after acquiring an additional 133,024 shares during the quarter. Barclays PLC owned approximately 0.30% of PulteGroup worth $66,683,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. Logan Capital Management Inc. lifted its holdings in shares of PulteGroup by 67.7% during the 3rd 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 position in shares of PulteGroup by 929.2% during the 4th 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. boosted its stake in shares of PulteGroup by 3.2% during 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 in the last quarter. Argyle Capital Management LLC lifted its holdings in shares of PulteGroup by 1.5% in the fourth quarter. Argyle Capital Management LLC now owns 42,241 shares of the construction company's stock valued at $4,600,000 after purchasing an additional 641 shares in the last quarter. Finally, Eastern Bank increased its stake in shares of PulteGroup by 4.6% in the fourth quarter. Eastern Bank now owns 142,740 shares of the construction company's stock worth $15,544,000 after acquiring an additional 6,243 shares during the last quarter. 89.90% of the stock is currently owned by hedge funds and other institutional investors.

PulteGroup Stock Up 6.0 %

Shares of PHM stock traded up $5.54 during mid-day trading on Tuesday, hitting $98.65. 498,718 shares of the stock traded hands, compared to its average volume of 2,306,082. The stock's fifty day moving average is $101.78 and its two-hundred day moving average is $115.70. 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, Inc. has a 52-week low of $88.07 and a 52-week high of $149.47. The stock has a market cap of $19.97 billion, a P/E ratio of 6.71, a P/E/G ratio of 0.29 and a beta of 1.44.

PulteGroup (NYSE:PHM - Get Free Report) last issued its quarterly earnings results on Tuesday, April 22nd. The construction company reported $2.57 earnings per share for the quarter, beating analysts' consensus estimates of $2.47 by $0.10. The firm had revenue of $3.89 billion for the quarter, compared to analyst estimates of $3.86 billion. PulteGroup had a net margin of 17.18% and a return on equity of 24.43%. Equities analysts predict that PulteGroup, Inc. will post 12.32 EPS for the current year.

PulteGroup declared that its Board of Directors has authorized a share buyback program on Thursday, January 30th that authorizes the company to repurchase $1.50 billion in outstanding shares. This repurchase authorization authorizes the construction company to buy up to 6.2% of its shares through open market purchases. Shares repurchase programs are generally a sign that the company's management believes its stock is undervalued.

PulteGroup Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, April 2nd. Investors of record on Tuesday, March 18th were given a $0.22 dividend. The ex-dividend date of this dividend was Tuesday, March 18th. This represents a $0.88 dividend on an annualized basis and a yield of 0.89%. PulteGroup's dividend payout ratio (DPR) is presently 5.98%.

Insider Buying and Selling

In other news, Director Brian P. Anderson sold 2,500 shares of PulteGroup stock in a transaction 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 sale, the director now owns 56,617 shares of the company's stock, 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 document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Brien P. O'meara sold 3,500 shares of the firm'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 directly owns 11,372 shares in the company, valued at $1,209,980.80. This trade represents a 23.53 % 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 worth $2,256,367 in the last 90 days. Company insiders own 0.76% of the company's stock.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on the company. Oppenheimer lowered their price target on PulteGroup from $165.00 to $150.00 and set an "outperform" rating on the stock in a research report on Friday, January 31st. The Goldman Sachs Group reduced their target price on shares of PulteGroup from $140.00 to $124.00 and set a "neutral" rating on the stock in a research note on Tuesday, January 14th. Bank of America cut their price target on PulteGroup from $135.00 to $134.00 and set a "buy" rating on the stock in a report on Monday, January 27th. Citigroup dropped their target price 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. Finally, Wedbush reiterated an "outperform" rating and issued a $135.00 price target on shares of PulteGroup in a research note on Friday, January 31st. 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.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $138.21.

About PulteGroup

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.