Fmr LLC Has $782.53 Million Holdings in PulteGroup, Inc. (NYSE:PHM)

FMR LLC lowered its holdings in PulteGroup, Inc. (NYSE:PHM - Free Report) by 20.5% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 7,185,802 shares of the construction company's stock after selling 1,855,026 shares during the quarter. FMR LLC owned 3.50% of PulteGroup worth $782,534,000 at the end of the most recent quarter.

Other institutional investors also recently added to or reduced their stakes in the company. Logan Capital Management Inc. grew its stake in shares of PulteGroup by 67.7% in the third quarter. Logan Capital Management Inc. now owns 14,797 shares of the construction company's stock worth $2,124,000 after acquiring an additional 5,976 shares during the last quarter. Sanctuary Advisors LLC boosted its holdings in PulteGroup by 38.1% in the 3rd quarter. Sanctuary Advisors LLC now owns 121,299 shares of the construction company's stock valued at $17,410,000 after purchasing an additional 33,472 shares during the period. Nilsine Partners LLC grew its position in PulteGroup by 929.2% in the 4th quarter. Nilsine Partners LLC now owns 20,574 shares of the construction company's stock worth $2,240,000 after purchasing an additional 18,575 shares during the last quarter. Harbor Capital Advisors Inc. increased its holdings 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 purchasing an additional 143 shares during the period. Finally, Argyle Capital Management LLC raised its position in shares of PulteGroup by 1.5% during the fourth quarter. Argyle Capital Management LLC now owns 42,241 shares of the construction company's stock valued at $4,600,000 after buying an additional 641 shares during the last quarter. 89.90% of the stock is owned by institutional investors.

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Insider Buying and Selling at PulteGroup

In other news, Director Brian P. Anderson sold 2,500 shares of the company's stock in a transaction on Monday, February 10th. The stock was sold at an average price of $106.45, for a total transaction of $266,125.00. Following the transaction, the director now owns 56,617 shares of the company's stock, valued at $6,026,879.65. This represents a 4.23 % decrease in their ownership of the stock. 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 PulteGroup stock in a transaction dated Thursday, February 13th. The stock was sold at an average price of $106.50, for a total value of $1,617,841.50. Following the completion of the sale, the executive vice president now owns 74,758 shares of the company's stock, valued at approximately $7,961,727. The trade was a 16.89 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 21,191 shares of company stock worth $2,256,367. Insiders own 0.76% of the company's stock.

Wall Street Analysts Forecast Growth

PHM has been the topic of several research reports. Oppenheimer lowered their price target on PulteGroup from $165.00 to $150.00 and set an "outperform" rating on the stock in a research note on Friday, January 31st. UBS Group boosted their price objective on PulteGroup from $148.00 to $151.00 and gave the company a "buy" rating in a research report on Friday, January 31st. Bank of America reduced their target price on PulteGroup from $135.00 to $134.00 and set a "buy" rating for the company in a research report on Monday, January 27th. Seaport Res Ptn raised shares of PulteGroup from a "strong sell" rating to a "hold" rating in a report on Thursday, March 6th. Finally, The Goldman Sachs Group dropped their price objective on shares of PulteGroup from $140.00 to $124.00 and set a "neutral" rating for the company in a research note on Tuesday, January 14th. Seven analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company's stock. According to MarketBeat, PulteGroup has a consensus rating of "Moderate Buy" and an average target price of $139.64.

PulteGroup Price Performance

Shares of NYSE:PHM traded up $0.70 during trading on Friday, reaching $94.38. The stock had a trading volume of 2,580,035 shares, compared to its average volume of 1,990,343. The business's 50-day moving average price is $103.40 and its 200 day moving average price is $117.74. 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 capitalization of $19.11 billion, a PE ratio of 6.42, a P/E/G ratio of 0.29 and a beta of 1.44.

PulteGroup (NYSE:PHM - Get Free Report) last posted its quarterly earnings data on Thursday, January 30th. The construction company reported $3.50 earnings per share for the quarter, beating 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%. As a group, equities analysts predict that PulteGroup, Inc. will post 12.32 earnings per share for the current year.

PulteGroup declared that its Board of Directors has authorized a stock buyback plan on Thursday, January 30th that allows the company to repurchase $1.50 billion in outstanding shares. This repurchase authorization allows the construction company to purchase up to 6.2% of its stock through open market purchases. Stock repurchase plans are typically a sign that the company's board of directors believes its stock is undervalued.

PulteGroup Announces Dividend

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

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.