PulteGroup, Inc. (NYSE:PHM) Shares Bought by Nordea Investment Management AB

Nordea Investment Management AB increased its stake in shares of PulteGroup, Inc. (NYSE:PHM - Free Report) by 10.0% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 1,424,119 shares of the construction company's stock after purchasing an additional 129,975 shares during the quarter. Nordea Investment Management AB owned 0.69% of PulteGroup worth $155,856,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the company. Fortitude Family Office LLC boosted its stake in shares of PulteGroup by 115.1% in the third quarter. Fortitude Family Office LLC now owns 185 shares of the construction company's stock valued at $27,000 after buying an additional 99 shares in the last quarter. Transcendent Capital Group LLC purchased a new stake in shares of PulteGroup during the 3rd quarter worth $29,000. Candriam S.C.A. acquired a new position in shares of PulteGroup during the 2nd quarter worth $33,000. JNBA Financial Advisors acquired a new position in shares of PulteGroup during the 3rd quarter worth $43,000. Finally, Thurston Springer Miller Herd & Titak Inc. increased its holdings in shares of PulteGroup by 1,059.3% in the 3rd quarter. Thurston Springer Miller Herd & Titak Inc. now owns 313 shares of the construction company's stock valued at $45,000 after purchasing an additional 286 shares in the last quarter. 89.90% of the stock is currently owned by hedge funds and other institutional investors.

PulteGroup Trading Down 1.1 %

PHM traded down $1.15 during trading on Tuesday, hitting $107.78. The company's stock had a trading volume of 1,682,769 shares, compared to its average volume of 1,635,517. PulteGroup, Inc. has a twelve month low of $100.24 and a twelve month high of $149.47. The firm's 50 day moving average price is $123.66 and its 200-day moving average price is $126.98. The company has a debt-to-equity ratio of 0.14, a current ratio of 0.73 and a quick ratio of 0.73. The stock has a market cap of $22.10 billion, a PE ratio of 7.95, a PEG ratio of 0.48 and a beta of 1.67.

PulteGroup (NYSE:PHM - Get Free Report) last released its earnings results on Tuesday, October 22nd. The construction company reported $3.35 earnings per share for the quarter, topping the consensus estimate of $3.10 by $0.25. The firm had revenue of $4.48 billion for the quarter, compared to the consensus estimate of $4.27 billion. PulteGroup had a return on equity of 25.30% and a net margin of 16.64%. The firm's revenue for the quarter was up 11.8% compared to the same quarter last year. During the same period in the prior year, the business posted $2.90 earnings per share. On average, analysts expect that PulteGroup, Inc. will post 12.94 earnings per share for the current year.

PulteGroup Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, January 3rd. Investors of record on Tuesday, December 17th were given a $0.22 dividend. The ex-dividend date was Tuesday, December 17th. This is a boost from PulteGroup's previous quarterly dividend of $0.20. This represents a $0.88 annualized dividend and a dividend yield of 0.82%. PulteGroup's dividend payout ratio (DPR) is currently 6.49%.

Wall Street Analyst Weigh In

Several research analysts have weighed in on PHM shares. Barclays restated an "equal weight" rating and set a $140.00 target price (down from $150.00) on shares of PulteGroup in a research report on Wednesday, December 11th. BTIG Research raised their price objective on PulteGroup from $139.00 to $156.00 and gave the company a "buy" rating in a research note on Wednesday, October 23rd. StockNews.com downgraded PulteGroup from a "buy" rating to a "hold" rating in a research report on Wednesday, December 11th. Wells Fargo & Company cut their price target on PulteGroup from $165.00 to $140.00 and set an "overweight" rating for the company in a research note on Tuesday, December 17th. Finally, JPMorgan Chase & Co. lowered their price objective on shares of PulteGroup from $162.00 to $155.00 and set an "overweight" rating on the stock in a research note on Friday, December 13th. Seven analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $144.29.

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.