Oxford Asset Management LLP Invests $463,000 in PulteGroup, Inc. (NYSE:PHM)

Oxford Asset Management LLP acquired a new position in PulteGroup, Inc. (NYSE:PHM - Free Report) during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 4,256 shares of the construction company's stock, valued at approximately $463,000.

Several other hedge funds have also recently bought and sold shares of the company. Hager Investment Management Services LLC acquired a new stake in shares of PulteGroup in the fourth quarter valued at approximately $29,000. Fortitude Family Office LLC grew its holdings in PulteGroup by 74.1% in the 4th quarter. Fortitude Family Office LLC now owns 322 shares of the construction company's stock worth $35,000 after buying an additional 137 shares in the last quarter. TD Waterhouse Canada Inc. increased its position in PulteGroup by 43.0% in the 4th quarter. TD Waterhouse Canada Inc. now owns 349 shares of the construction company's stock valued at $38,000 after acquiring an additional 105 shares during the period. R Squared Ltd bought a new stake in PulteGroup during the 4th quarter valued at $39,000. Finally, Thurston Springer Miller Herd & Titak Inc. boosted its position in PulteGroup by 41.9% during the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 444 shares of the construction company's stock worth $48,000 after acquiring an additional 131 shares during the period. 89.90% of the stock is currently owned by institutional investors.

PulteGroup Stock Down 0.8 %

Shares of PulteGroup stock opened at $101.98 on Friday. PulteGroup, Inc. has a 12-month low of $88.07 and a 12-month high of $149.47. The firm has a market capitalization of $20.65 billion, a PE ratio of 6.93, a price-to-earnings-growth 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 stock's fifty day moving average is $101.37 and its 200-day moving average is $114.81.

PulteGroup (NYSE:PHM - Get Free Report) last posted its quarterly earnings data on Tuesday, April 22nd. The construction company reported $2.57 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.47 by $0.10. PulteGroup had a return on equity of 24.43% and a net margin of 17.18%. The firm had revenue of $3.89 billion for the quarter, compared to the consensus estimate of $3.86 billion. During the same quarter in the previous year, the company earned $3.10 EPS. Equities analysts anticipate that PulteGroup, Inc. will post 12.32 earnings per share for the current year.

PulteGroup Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, April 2nd. Investors of record on Tuesday, March 18th were given a $0.22 dividend. The ex-dividend date was Tuesday, March 18th. This represents a $0.88 annualized dividend and a dividend yield of 0.86%. PulteGroup's dividend payout ratio (DPR) is presently 6.21%.

PulteGroup declared that its Board of Directors has authorized a share repurchase 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 reacquire up to 6.2% of its stock through open market purchases. Stock repurchase plans are often a sign that the company's board of directors believes its shares are undervalued.

Wall Street Analysts Forecast Growth

PHM has been the topic of a number of research analyst reports. The Goldman Sachs Group lowered their price target on PulteGroup from $140.00 to $124.00 and set a "neutral" rating on the stock in a report on Tuesday, January 14th. Wedbush reissued an "outperform" rating and set a $135.00 target price on shares of PulteGroup in a research note on Tuesday, April 22nd. Oppenheimer reduced their price target on shares of PulteGroup from $165.00 to $150.00 and set an "outperform" rating for the company in a research note on Friday, January 31st. UBS Group lowered their price objective on shares of PulteGroup from $151.00 to $141.00 and set a "buy" rating on the stock in a research note on Wednesday. Finally, Wells Fargo & Company cut their target price on PulteGroup from $140.00 to $120.00 and set an "overweight" rating for the company in a research report on Monday, April 14th. Seven analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. According to MarketBeat, PulteGroup presently has an average rating of "Moderate Buy" and a consensus price target of $134.69.

Insider Buying and Selling

In other news, EVP Todd N. Sheldon sold 15,191 shares of PulteGroup stock in a transaction on Thursday, February 13th. The stock was sold at an average price of $106.50, for a total transaction of $1,617,841.50. Following the transaction, the executive vice president now owns 74,758 shares in the company, valued at approximately $7,961,727. The trade was a 16.89 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, VP Brien P. O'meara sold 3,500 shares of the stock in a transaction dated Thursday, February 13th. The stock was sold at an average price of $106.40, for a total value of $372,400.00. Following the completion of the sale, the vice president now directly owns 11,372 shares of the company's stock, valued at approximately $1,209,980.80. This represents a 23.53 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 21,191 shares of company stock valued at $2,256,367. Company insiders own 0.76% of the company's stock.

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.

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