Generali Investments CEE investicni spolecnost a.s. Invests $2.18 Million in PulteGroup, Inc. (NYSE:PHM)

Generali Investments CEE investicni spolecnost a.s. bought a new stake in PulteGroup, Inc. (NYSE:PHM - Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 20,000 shares of the construction company's stock, valued at approximately $2,178,000.

Several other large investors have also modified their holdings of the stock. Transcendent Capital Group LLC purchased a new position in PulteGroup during the 3rd quarter worth $29,000. Hager Investment Management Services LLC acquired a new position in shares of PulteGroup during the fourth quarter worth about $29,000. Fortitude Family Office LLC raised its holdings in PulteGroup by 74.1% during the fourth quarter. Fortitude Family Office LLC now owns 322 shares of the construction company's stock worth $35,000 after purchasing an additional 137 shares in the last quarter. R Squared Ltd acquired a new stake in PulteGroup in the fourth quarter valued at about $39,000. Finally, Thurston Springer Miller Herd & Titak Inc. boosted its holdings in PulteGroup by 41.9% in the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 444 shares of the construction company's stock valued at $48,000 after purchasing an additional 131 shares in the last quarter. Hedge funds and other institutional investors own 89.90% of the company's stock.

Wall Street Analyst Weigh In

Several analysts have recently commented on the company. Citigroup reduced their price target on PulteGroup from $146.00 to $119.00 and set a "neutral" rating for the company in a report on Monday, January 6th. StockNews.com downgraded PulteGroup from a "buy" rating to a "hold" rating in a report on Wednesday, December 11th. Wedbush reaffirmed an "outperform" rating and set a $135.00 price target on shares of PulteGroup in a research note on Friday, January 31st. Bank of America reduced their price objective on shares of PulteGroup from $135.00 to $134.00 and set a "buy" rating for the company in a research note on Monday, January 27th. Finally, Barclays lowered their target price on shares of PulteGroup from $125.00 to $117.00 and set an "equal weight" rating on the stock in a research report on Friday, January 31st. Seven investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company's stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $140.86.

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PulteGroup Price Performance

PulteGroup stock traded down $2.33 during mid-day trading on Wednesday, hitting $103.51. 2,672,525 shares of the company were exchanged, compared to its average volume of 2,307,994. PulteGroup, Inc. has a 12-month low of $100.54 and a 12-month high of $149.47. The company has a market capitalization of $20.96 billion, a P/E ratio of 7.04, a PEG ratio of 0.29 and a beta of 1.71. The business's 50 day simple moving average is $109.40 and its two-hundred day simple moving average is $123.70. 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 (NYSE:PHM - Get Free Report) last posted its quarterly earnings data on Thursday, January 30th. The construction company reported $3.50 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%. Analysts forecast that PulteGroup, Inc. will post 12.32 earnings per share for the current fiscal year.

PulteGroup Dividend Announcement

The company also recently disclosed 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. This represents a $0.88 annualized dividend and a dividend yield of 0.85%. The ex-dividend date is Tuesday, March 18th. PulteGroup's payout ratio is 5.98%.

PulteGroup announced that its Board of Directors has initiated a stock buyback plan on Thursday, January 30th that authorizes the company to buyback $1.50 billion in shares. This buyback authorization authorizes the construction company to purchase up to 6.2% of its shares through open market purchases. Shares buyback plans are often a sign that the company's leadership believes its shares are undervalued.

Insider Buying and Selling

In related news, Director Brian P. Anderson sold 2,500 shares of the stock in a transaction dated 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 directly owns 56,617 shares in the company, valued at approximately $6,026,879.65. This represents a 4.23 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, EVP Todd N. Sheldon sold 15,191 shares of PulteGroup stock in a transaction dated 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 completion of the sale, the executive vice president now owns 74,758 shares of the company's stock, valued at $7,961,727. This trade represents a 16.89 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 21,191 shares of company stock worth $2,256,367. 0.83% of the stock is owned by insiders.

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.