Royal London Asset Management Ltd. Has $11.83 Million Stock Holdings in PulteGroup, Inc. (NYSE:PHM)

Royal London Asset Management Ltd. lifted its holdings in shares of PulteGroup, Inc. (NYSE:PHM - Free Report) by 12.5% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 108,643 shares of the construction company's stock after acquiring an additional 12,090 shares during the period. Royal London Asset Management Ltd. owned approximately 0.05% of PulteGroup worth $11,831,000 as of its most recent filing with the SEC.

Several other institutional investors have also made changes to their positions in PHM. Logan Capital Management Inc. lifted its stake in PulteGroup by 67.7% during the third quarter. Logan Capital Management Inc. now owns 14,797 shares of the construction company's stock worth $2,124,000 after purchasing an additional 5,976 shares during the period. Sanctuary Advisors LLC raised its holdings in shares of PulteGroup by 38.1% in the 3rd quarter. Sanctuary Advisors LLC now owns 121,299 shares of the construction company's stock worth $17,410,000 after buying an additional 33,472 shares in the last quarter. Systematic Financial Management LP lifted its position in shares of PulteGroup by 3.9% during the 3rd quarter. Systematic Financial Management LP now owns 130,257 shares of the construction company's stock worth $18,696,000 after buying an additional 4,840 shares during the period. Nilsine Partners LLC boosted its stake in PulteGroup by 929.2% in the 4th quarter. Nilsine Partners LLC now owns 20,574 shares of the construction company's stock valued at $2,240,000 after buying an additional 18,575 shares in the last quarter. Finally, Vision Capital Corp bought a new stake in PulteGroup in the third quarter valued at $22,348,000. 89.90% of the stock is currently owned by institutional investors and hedge funds.

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PulteGroup Trading Down 0.1 %

PHM stock traded down $0.11 during midday trading on Wednesday, reaching $105.21. The stock had a trading volume of 1,248,497 shares, compared to its average volume of 2,340,465. 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 $100.35 and a twelve month high of $149.47. The firm has a market cap of $21.30 billion, a price-to-earnings ratio of 7.15, a PEG ratio of 0.29 and a beta of 1.71. The business has a fifty day simple moving average of $108.34 and a two-hundred day simple moving average of $121.83.

PulteGroup (NYSE:PHM - Get Free Report) last posted its quarterly earnings results on Thursday, January 30th. The construction company reported $3.50 earnings per share for the quarter, topping analysts' consensus estimates of $3.28 by $0.22. PulteGroup had a net margin of 17.18% and a return on equity of 24.43%. As a group, research analysts expect that PulteGroup, Inc. will post 12.32 EPS for the current fiscal year.

PulteGroup Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, April 2nd. Stockholders 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 dividend yield of 0.84%. The ex-dividend date is Tuesday, March 18th. PulteGroup's dividend payout ratio (DPR) is currently 5.98%.

PulteGroup announced that its Board of Directors has approved a stock buyback program on Thursday, January 30th that allows the company to buyback $1.50 billion in outstanding shares. This buyback authorization allows the construction company to buy up to 6.2% of its shares through open market purchases. Shares buyback programs are often a sign that the company's management believes its stock is undervalued.

Analyst Upgrades and Downgrades

PHM has been the topic of several recent analyst reports. Oppenheimer reduced their target price on shares of PulteGroup from $165.00 to $150.00 and set an "outperform" rating on the stock in a research note on Friday, January 31st. Citigroup reduced their price target on shares of PulteGroup from $146.00 to $119.00 and set a "neutral" rating on the stock in a research report on Monday, January 6th. UBS Group raised their price objective on shares of PulteGroup from $148.00 to $151.00 and gave the stock a "buy" rating in a report on Friday, January 31st. Wells Fargo & Company cut their target price on shares of PulteGroup from $165.00 to $140.00 and set an "overweight" rating for the company in a research note on Tuesday, December 17th. Finally, Wedbush restated an "outperform" rating and set a $135.00 price target on shares of PulteGroup in a research report on Friday, January 31st. Seven analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $140.86.

Insider Activity

In other news, VP Brien P. O'meara sold 3,500 shares of the company's 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 $1,209,980.80. This represents a 23.53 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, EVP Todd N. Sheldon sold 15,191 shares of PulteGroup stock in a transaction that occurred 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 directly owns 74,758 shares in the company, valued at $7,961,727. The trade was a 16.89 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 21,191 shares of company stock valued at $2,256,367 in the last 90 days. 0.83% of the stock is owned by company insiders.

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.