Blueshift Asset Management LLC Invests $543,000 in PulteGroup, Inc. (NYSE:PHM)

Blueshift Asset Management LLC purchased a new position in shares of PulteGroup, Inc. (NYSE:PHM - Free Report) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm purchased 4,987 shares of the construction company's stock, valued at approximately $543,000.

Other hedge funds have also added to or reduced their stakes in the company. Thrivent Financial for Lutherans raised its holdings in shares of PulteGroup by 6.3% during the 3rd quarter. Thrivent Financial for Lutherans now owns 19,524 shares of the construction company's stock worth $2,803,000 after buying an additional 1,160 shares in the last quarter. Prospera Financial Services Inc raised its stake in PulteGroup by 4.8% during the third quarter. Prospera Financial Services Inc now owns 9,654 shares of the construction company's stock worth $1,386,000 after acquiring an additional 438 shares in the last quarter. Fifth Third Wealth Advisors LLC lifted its holdings in shares of PulteGroup by 5.0% in the third quarter. Fifth Third Wealth Advisors LLC now owns 2,426 shares of the construction company's stock worth $348,000 after acquiring an additional 115 shares during the last quarter. B. Metzler seel. Sohn & Co. Holding AG bought a new position in shares of PulteGroup in the third quarter worth about $788,000. Finally, PNC Financial Services Group Inc. boosted its stake in shares of PulteGroup by 6.1% in the 3rd quarter. PNC Financial Services Group Inc. now owns 36,152 shares of the construction company's stock valued at $5,189,000 after purchasing an additional 2,067 shares in the last quarter. 89.90% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other news, Director Brian P. Anderson sold 2,500 shares of PulteGroup stock in a transaction on Monday, February 10th. The shares were 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 in the company, valued at $6,026,879.65. The trade was a 4.23 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, VP Brien P. O'meara sold 3,500 shares of the business's stock in a transaction on Thursday, February 13th. The shares were sold at an average price of $106.40, for a total transaction of $372,400.00. Following 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 position. The disclosure for this sale can be found here. Over the last three months, insiders sold 21,191 shares of company stock worth $2,256,367. 0.83% of the stock is owned by corporate insiders.

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PulteGroup Trading Down 0.5 %

Shares of PHM traded down $0.57 during trading hours on Tuesday, hitting $105.28. 1,979,885 shares of the stock were exchanged, compared to its average volume of 1,878,103. PulteGroup, Inc. has a fifty-two week low of $100.35 and a fifty-two week high of $149.47. The business has a 50-day moving average of $108.48 and a 200-day moving average of $122.01. The firm has a market capitalization of $21.31 billion, a P/E ratio of 7.16, a price-to-earnings-growth ratio of 0.29 and a beta of 1.71. 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 issued its quarterly earnings results on Thursday, January 30th. The construction company reported $3.50 EPS for the quarter, beating 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%. On average, research analysts expect that PulteGroup, Inc. will post 12.32 EPS for the current year.

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

PulteGroup Announces Dividend

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 paid a dividend of $0.22 per share. The ex-dividend date is Tuesday, March 18th. This represents a $0.88 annualized dividend and a yield of 0.84%. PulteGroup's dividend payout ratio is currently 5.98%.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on PHM. StockNews.com cut shares of PulteGroup from a "buy" rating to a "hold" rating in a research report on Wednesday, December 11th. Barclays lowered their price target on shares of PulteGroup from $125.00 to $117.00 and set an "equal weight" rating for the company in a 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 report on Monday, January 6th. JPMorgan Chase & Co. lowered their target price on PulteGroup from $162.00 to $155.00 and set an "overweight" rating for the company in a report on Friday, December 13th. Finally, Wells Fargo & Company cut their price target on PulteGroup from $165.00 to $140.00 and set an "overweight" rating on the stock in a research note on Tuesday, December 17th. Seven investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $140.86.

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.