9,292 Shares in PulteGroup, Inc. (NYSE:PHM) Purchased by Semanteon Capital Management LP

Semanteon Capital Management LP acquired a new stake in shares of PulteGroup, Inc. (NYSE:PHM - Free Report) in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 9,292 shares of the construction company's stock, valued at approximately $1,012,000.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Hager Investment Management Services LLC purchased a new stake in shares of PulteGroup in the 4th quarter valued at approximately $29,000. Fortitude Family Office LLC raised its stake in PulteGroup by 74.1% during the 4th 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 period. R Squared Ltd purchased a new stake in shares of PulteGroup in the fourth quarter valued at $39,000. Thurston Springer Miller Herd & Titak Inc. boosted its position in shares of PulteGroup by 41.9% in 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 period. Finally, Oakworth Capital Inc. grew its holdings in shares of PulteGroup by 642.2% during the fourth quarter. Oakworth Capital Inc. now owns 475 shares of the construction company's stock valued at $52,000 after buying an additional 411 shares in the last quarter. 89.90% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities research analysts have commented on PHM shares. Seaport Res Ptn upgraded PulteGroup from a "strong sell" rating to a "hold" rating in a research report on Thursday, March 6th. UBS Group raised their price target on shares of PulteGroup from $148.00 to $151.00 and gave the stock a "buy" rating in a report on Friday, January 31st. Bank of America dropped their price objective on shares of PulteGroup from $135.00 to $134.00 and set a "buy" rating on the stock in a research note on Monday, January 27th. StockNews.com lowered shares of PulteGroup from a "buy" rating to a "hold" rating in a research note on Wednesday, December 11th. Finally, JPMorgan Chase & Co. dropped their price target 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 eleven have given a buy rating to the stock. According to data from MarketBeat.com, PulteGroup presently has a consensus rating of "Moderate Buy" and a consensus price target of $140.86.

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Insiders Place Their Bets

In other news, EVP Todd N. Sheldon sold 15,191 shares of PulteGroup stock in a transaction dated 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 transaction, the executive vice president now directly 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 transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, VP Brien P. O'meara sold 3,500 shares of the stock in a transaction that occurred on Thursday, February 13th. The shares were sold at an average price of $106.40, for a total value of $372,400.00. Following the sale, the vice president now owns 11,372 shares of the company's stock, valued at approximately $1,209,980.80. The trade was a 23.53 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 21,191 shares of company stock valued at $2,256,367 in the last quarter. Insiders own 0.83% of the company's stock.

PulteGroup Stock Down 0.5 %

Shares of NYSE PHM traded down $0.57 during mid-day trading on Tuesday, reaching $105.28. 1,979,885 shares of the company traded hands, compared to its average volume of 1,878,103. The company's fifty day moving average is $108.48 and its two-hundred day moving average is $122.01. The company has a debt-to-equity ratio of 0.13, a quick ratio of 0.86 and a current ratio of 0.86. PulteGroup, Inc. has a fifty-two week low of $100.35 and a fifty-two week high of $149.47. The stock has a market cap of $21.31 billion, a PE ratio of 7.16, a price-to-earnings-growth ratio of 0.29 and a beta of 1.71.

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

PulteGroup Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, April 2nd. Investors of record on Tuesday, March 18th will be issued a $0.22 dividend. The ex-dividend date of this dividend is Tuesday, March 18th. This represents a $0.88 annualized dividend and a yield of 0.84%. PulteGroup's dividend payout ratio (DPR) is presently 5.98%.

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

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.