PulteGroup, Inc. (NYSE:PHM) Shares Sold by Prudential Financial Inc.

Prudential Financial Inc. lowered its position in PulteGroup, Inc. (NYSE:PHM - Free Report) by 11.0% during the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 142,473 shares of the construction company's stock after selling 17,541 shares during the period. Prudential Financial Inc. owned 0.07% of PulteGroup worth $15,515,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in PHM. Hager Investment Management Services LLC acquired a new stake in PulteGroup in the 4th quarter valued at about $29,000. Fortitude Family Office LLC increased its holdings in shares of PulteGroup by 74.1% in the fourth quarter. Fortitude Family Office LLC now owns 322 shares of the construction company's stock valued at $35,000 after purchasing an additional 137 shares during the last quarter. R Squared Ltd purchased a new position in PulteGroup during the fourth quarter worth approximately $39,000. Thurston Springer Miller Herd & Titak Inc. boosted its stake in PulteGroup by 41.9% during the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 444 shares of the construction company's stock worth $48,000 after buying an additional 131 shares during the last quarter. Finally, Oakworth Capital Inc. increased its stake in shares of PulteGroup by 642.2% in the 4th quarter. Oakworth Capital Inc. now owns 475 shares of the construction company's stock worth $52,000 after acquiring an additional 411 shares during the last quarter. Institutional investors and hedge funds own 89.90% of the company's stock.

Analyst Ratings Changes

Several research analysts have recently weighed in on PHM shares. Bank of America lowered their price target on shares of PulteGroup from $135.00 to $134.00 and set a "buy" rating on the stock in a research report on Monday, January 27th. Seaport Res Ptn raised shares of PulteGroup from a "strong sell" rating to a "hold" rating in a research note on Thursday, March 6th. Barclays reduced their price target on shares of PulteGroup from $125.00 to $117.00 and set an "equal weight" rating on the stock in a research report on Friday, January 31st. Citigroup cut their target price on PulteGroup from $146.00 to $119.00 and set a "neutral" rating for the company in a research note on Monday, January 6th. Finally, Wells Fargo & Company reduced their target price on PulteGroup from $165.00 to $140.00 and set an "overweight" rating on the stock in a research report on Tuesday, December 17th. Seven investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company's stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $140.86.

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PulteGroup Stock Up 0.0 %

PulteGroup stock traded up $0.02 during mid-day trading on Tuesday, reaching $102.82. 225,985 shares of the company's stock were exchanged, compared to its average volume of 1,942,744. The company has a fifty day moving average of $107.30 and a 200-day moving average of $121.01. The company has a market cap of $20.82 billion, a P/E ratio of 6.99, a P/E/G ratio of 0.29 and a beta of 1.71. The company has a quick ratio of 0.86, a current ratio of 0.86 and a debt-to-equity ratio of 0.13. PulteGroup, Inc. has a twelve month low of $99.58 and a twelve month high of $149.47.

PulteGroup (NYSE:PHM - Get Free Report) last released 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 12.32 EPS for the current year.

PulteGroup Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, April 2nd. Shareholders of record on Tuesday, March 18th will be 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 is Tuesday, March 18th. PulteGroup's dividend payout ratio is presently 5.98%.

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

Insiders Place Their Bets

In other news, EVP Todd N. Sheldon sold 15,191 shares of the business's stock in a transaction that occurred on Thursday, February 13th. The shares were sold at an average price of $106.50, for a total transaction of $1,617,841.50. Following the completion of the sale, 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 position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Brian P. Anderson sold 2,500 shares of PulteGroup stock in a transaction on Monday, February 10th. The stock was sold at an average price of $106.45, for a total transaction of $266,125.00. Following the sale, the director now owns 56,617 shares in the company, valued at $6,026,879.65. This represents a 4.23 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 21,191 shares of company stock valued at $2,256,367 in the last ninety days. Insiders own 0.76% of the company's stock.

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.