PulteGroup, Inc. (NYSE:PHM) Shares Bought by B. Metzler seel. Sohn & Co. AG

B. Metzler seel. Sohn & Co. AG grew its holdings in PulteGroup, Inc. (NYSE:PHM - Free Report) by 193.7% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 16,122 shares of the construction company's stock after purchasing an additional 10,632 shares during the period. B. Metzler seel. Sohn & Co. AG's holdings in PulteGroup were worth $1,756,000 as of its most recent SEC filing.

A number of other hedge funds have also bought and sold shares of the business. Summit Financial LLC increased its position in PulteGroup by 22.6% during the fourth quarter. Summit Financial LLC now owns 1,869 shares of the construction company's stock valued at $204,000 after acquiring an additional 344 shares during the last quarter. Edmond DE Rothschild Holding S.A. increased its position in PulteGroup by 23.4% in the fourth quarter. Edmond DE Rothschild Holding S.A. now owns 246,719 shares of the construction company's stock worth $26,868,000 after buying an additional 46,719 shares in the last quarter. AIA Group Ltd grew its holdings in PulteGroup by 100.6% during the 4th quarter. AIA Group Ltd now owns 5,612 shares of the construction company's stock valued at $611,000 after buying an additional 2,814 shares in the last quarter. O Shaughnessy Asset Management LLC raised its position in shares of PulteGroup by 0.5% during the fourth quarter. O Shaughnessy Asset Management LLC now owns 341,509 shares of the construction company's stock valued at $37,190,000 after buying an additional 1,728 shares during the last quarter. Finally, Clearbridge Investments LLC lifted its holdings in shares of PulteGroup by 15.8% in the fourth quarter. Clearbridge Investments LLC now owns 48,583 shares of the construction company's stock worth $5,291,000 after buying an additional 6,632 shares in the last quarter. Hedge funds and other institutional investors own 89.90% of the company's stock.

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Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on PHM shares. Citigroup reduced their target price on PulteGroup from $146.00 to $119.00 and set a "neutral" rating on the stock in a report on Monday, January 6th. Wells Fargo & Company reduced their target price on shares of PulteGroup from $165.00 to $140.00 and set an "overweight" rating on the stock in a report on Tuesday, December 17th. JPMorgan Chase & Co. lowered their price target on shares of PulteGroup from $162.00 to $155.00 and set an "overweight" rating for the company in a report on Friday, December 13th. The Goldman Sachs Group reduced their price objective on PulteGroup from $140.00 to $124.00 and set a "neutral" rating on the stock in a research note on Tuesday, January 14th. Finally, StockNews.com downgraded PulteGroup from a "buy" rating to a "hold" rating in a research report on Wednesday, December 11th. Seven research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $140.86.

PulteGroup Stock Performance

Shares of NYSE PHM traded down $4.14 during midday trading on Monday, reaching $97.10. The company had a trading volume of 1,230,051 shares, compared to its average volume of 1,961,875. PulteGroup, Inc. has a 1 year low of $95.14 and a 1 year high of $149.47. The business's 50-day simple moving average is $106.12 and its 200 day simple moving average is $119.92. The company has a current ratio of 0.86, a quick ratio of 0.86 and a debt-to-equity ratio of 0.13. The stock has a market cap of $19.66 billion, a P/E ratio of 6.59, a P/E/G ratio of 0.29 and a beta of 1.44.

PulteGroup (NYSE:PHM - Get Free Report) last issued its quarterly earnings results on Thursday, January 30th. The construction company reported $3.50 earnings per share for the quarter, topping 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%. On average, analysts forecast that PulteGroup, Inc. will post 12.32 earnings per share for the current fiscal year.

PulteGroup Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, April 2nd. Stockholders of record on Tuesday, March 18th were given a dividend of $0.22 per share. The ex-dividend date was Tuesday, March 18th. This represents a $0.88 dividend on an annualized basis and a dividend yield of 0.91%. PulteGroup's dividend payout ratio (DPR) is 5.98%.

PulteGroup announced that its board has authorized a stock repurchase plan on Thursday, January 30th that permits the company to repurchase $1.50 billion in shares. This repurchase authorization permits the construction company to reacquire up to 6.2% of its shares through open market purchases. Shares repurchase plans are generally an indication that the company's board of directors believes its stock is undervalued.

Insider Activity at PulteGroup

In other news, VP Brien P. O'meara sold 3,500 shares of the firm's stock in a transaction that occurred on Thursday, February 13th. The stock was sold at an average price of $106.40, for a total value of $372,400.00. Following the transaction, the vice president now owns 11,372 shares in the company, valued at $1,209,980.80. This trade represents a 23.53 % decrease in their ownership of the stock. The transaction 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 the business's stock in a transaction that occurred on 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 sale, the executive vice president now owns 74,758 shares of the company's stock, valued at $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 quarter, insiders have sold 21,191 shares of company stock valued at $2,256,367. 0.76% of the stock is owned by company insiders.

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.