Harvest Investment Services LLC Has $3.51 Million Position in PulteGroup, Inc. (NYSE:PHM)

Harvest Investment Services LLC raised its stake in shares of PulteGroup, Inc. (NYSE:PHM - Free Report) by 125.5% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 32,265 shares of the construction company's stock after buying an additional 17,955 shares during the period. Harvest Investment Services LLC's holdings in PulteGroup were worth $3,514,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of PHM. Hsbc Holdings PLC raised its holdings in shares of PulteGroup by 14.1% during the fourth quarter. Hsbc Holdings PLC now owns 1,376,331 shares of the construction company's stock worth $149,925,000 after acquiring an additional 170,498 shares in the last quarter. TD Waterhouse Canada Inc. raised its stake in shares of PulteGroup by 43.0% during the 4th quarter. TD Waterhouse Canada Inc. now owns 349 shares of the construction company's stock worth $38,000 after purchasing an additional 105 shares in the last quarter. Tower Research Capital LLC TRC lifted its holdings in shares of PulteGroup by 80.5% during the 4th quarter. Tower Research Capital LLC TRC now owns 9,069 shares of the construction company's stock valued at $988,000 after buying an additional 4,046 shares during the last quarter. MetLife Investment Management LLC lifted its holdings in shares of PulteGroup by 0.6% during the 4th quarter. MetLife Investment Management LLC now owns 54,257 shares of the construction company's stock valued at $5,909,000 after buying an additional 320 shares during the last quarter. Finally, Ossiam grew its stake in shares of PulteGroup by 15.7% in the 4th quarter. Ossiam now owns 1,104 shares of the construction company's stock valued at $120,000 after buying an additional 150 shares in the last quarter. 89.90% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on PHM. Seaport Res Ptn upgraded shares of PulteGroup from a "strong sell" rating to a "hold" rating in a research note on Thursday, March 6th. Evercore ISI lifted their price objective on shares of PulteGroup from $161.00 to $165.00 and gave the company an "outperform" rating in a research note on Wednesday. Wedbush reissued an "outperform" rating and set a $135.00 target price on shares of PulteGroup in a research report on Tuesday. Royal Bank of Canada reduced their price target on PulteGroup from $116.00 to $109.00 and set a "sector perform" rating for the company in a research report on Wednesday. Finally, Citigroup decreased their price target on PulteGroup from $146.00 to $119.00 and set a "neutral" rating for the company in a research note on Monday, January 6th. Seven analysts have rated the stock with a hold rating and nine have issued a buy rating to the company's stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $134.69.

Insider Transactions at PulteGroup

In other PulteGroup news, VP Brien P. O'meara sold 3,500 shares of the company's stock in a transaction on Thursday, February 13th. The stock was 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 of the company's stock, valued at approximately $1,209,980.80. This represents a 23.53 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, 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 directly owns 56,617 shares of the company's stock, valued at $6,026,879.65. This trade represents a 4.23 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 21,191 shares of company stock worth $2,256,367. Insiders own 0.76% of the company's stock.

PulteGroup Stock Performance

PHM traded down $0.87 during trading on Friday, reaching $101.98. 1,861,826 shares of the company's stock were exchanged, compared to its average volume of 1,996,952. The company has a market capitalization of $20.65 billion, a P/E ratio of 6.93, a PEG ratio of 0.29 and a beta of 1.44. The company has a quick ratio of 0.86, a current ratio of 0.86 and a debt-to-equity ratio of 0.13. The business has a 50 day moving average price of $101.44 and a 200 day moving average price of $115.25. PulteGroup, Inc. has a fifty-two week low of $88.07 and a fifty-two week high of $149.47.

PulteGroup (NYSE:PHM - Get Free Report) last posted its 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 business had revenue of $3.89 billion for the quarter, compared to analysts' expectations of $3.86 billion. PulteGroup had a net margin of 17.18% and a return on equity of 24.43%. During the same quarter in the previous year, the firm posted $3.10 earnings per share. As a group, analysts predict that PulteGroup, Inc. will post 12.32 earnings per share for the current fiscal year.

PulteGroup Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, April 2nd. Shareholders of record on Tuesday, March 18th were paid a $0.22 dividend. This represents a $0.88 dividend on an annualized basis and a yield of 0.86%. The ex-dividend date was Tuesday, March 18th. PulteGroup's dividend payout ratio is currently 6.21%.

PulteGroup declared that its board has initiated a stock repurchase plan on Thursday, January 30th that permits the company to repurchase $1.50 billion in outstanding shares. This repurchase authorization permits the construction company to reacquire up to 6.2% of its stock through open market purchases. Stock repurchase plans are typically an indication that the company's leadership believes its shares are undervalued.

PulteGroup 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.