Generate Investment Management Ltd Has $12.36 Million Holdings in PulteGroup, Inc. (NYSE:PHM)

Generate Investment Management Ltd lifted its position in shares of PulteGroup, Inc. (NYSE:PHM - Free Report) by 13.2% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 113,497 shares of the construction company's stock after acquiring an additional 13,203 shares during the period. Generate Investment Management Ltd owned about 0.06% of PulteGroup worth $12,360,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in the company. Fortitude Family Office LLC grew its position in shares of PulteGroup by 115.1% during the third quarter. Fortitude Family Office LLC now owns 185 shares of the construction company's stock worth $27,000 after acquiring an additional 99 shares during the last quarter. Transcendent Capital Group LLC bought a new stake in shares of PulteGroup during the third quarter valued at approximately $29,000. Hager Investment Management Services LLC acquired a new position in shares of PulteGroup during the fourth quarter worth approximately $29,000. R Squared Ltd bought a new position in PulteGroup in the 4th quarter worth approximately $39,000. Finally, JNBA Financial Advisors bought a new stake in shares of PulteGroup in the 3rd quarter worth $43,000. 89.90% of the stock is currently owned by institutional investors.

PulteGroup Price Performance

NYSE PHM traded up $0.73 on Tuesday, reaching $107.30. The company's stock had a trading volume of 1,218,540 shares, compared to its average volume of 2,278,004. The firm has a market cap of $21.72 billion, a PE ratio of 7.30, a price-to-earnings-growth ratio of 0.29 and a beta of 1.68. The company has a current ratio of 0.86, a quick ratio of 0.73 and a debt-to-equity ratio of 0.13. PulteGroup, Inc. has a 52 week low of $100.24 and a 52 week high of $149.47. The business has a 50-day moving average price of $114.44 and a 200 day moving average price of $126.79.

PulteGroup (NYSE:PHM - Get Free Report) last announced its earnings results on Thursday, January 30th. The construction company reported $3.50 EPS for the quarter, topping the consensus estimate of $3.28 by $0.22. PulteGroup had a return on equity of 24.43% and a net margin of 17.18%. Sell-side analysts expect that PulteGroup, Inc. will post 12.43 EPS for the current year.

PulteGroup declared that its board has authorized a stock repurchase 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 a sign that the company's board of directors believes its shares are undervalued.

PulteGroup Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, April 2nd. Stockholders of record on Tuesday, March 18th will be paid a $0.22 dividend. The ex-dividend date of this dividend is Tuesday, March 18th. This represents a $0.88 annualized dividend and a dividend yield of 0.82%. PulteGroup's dividend payout ratio (DPR) is currently 5.98%.

Analyst Upgrades and Downgrades

PHM has been the topic of several recent research reports. Citigroup lowered their price objective on shares of PulteGroup from $146.00 to $119.00 and set a "neutral" rating on the stock in a research note on Monday, January 6th. Seaport Res Ptn cut PulteGroup from a "hold" rating to a "strong sell" rating in a research note on Monday, January 27th. JPMorgan Chase & Co. decreased their target price on PulteGroup from $162.00 to $155.00 and set an "overweight" rating for the company in a research report on Friday, December 13th. StockNews.com cut shares of PulteGroup from a "buy" rating to a "hold" rating in a report on Wednesday, December 11th. Finally, Wedbush reaffirmed an "outperform" rating and issued a $135.00 price target on shares of PulteGroup in a research note on Friday, January 31st. One analyst has rated the stock with a sell rating, six have issued a hold rating and eleven have given a buy rating to the company. According to data from MarketBeat.com, PulteGroup currently has a consensus rating of "Moderate Buy" and a consensus price target of $140.86.

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.