Swiss National Bank Sells 38,100 Shares of PulteGroup, Inc. (NYSE:PHM)

Swiss National Bank trimmed its holdings in PulteGroup, Inc. (NYSE:PHM - Free Report) by 6.1% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 586,300 shares of the construction company's stock after selling 38,100 shares during the period. Swiss National Bank owned about 0.29% of PulteGroup worth $63,848,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently made changes to their positions in the company. Logan Capital Management Inc. lifted its stake in shares of PulteGroup by 67.7% in the third quarter. Logan Capital Management Inc. now owns 14,797 shares of the construction company's stock valued at $2,124,000 after buying an additional 5,976 shares in the last quarter. Sanctuary Advisors LLC lifted its position in shares of PulteGroup by 38.1% during the third quarter. Sanctuary Advisors LLC now owns 121,299 shares of the construction company's stock valued at $17,410,000 after purchasing an additional 33,472 shares in the last quarter. Trustmark National Bank Trust Department lifted its position in shares of PulteGroup by 39.8% during the third quarter. Trustmark National Bank Trust Department now owns 39,589 shares of the construction company's stock valued at $5,682,000 after purchasing an additional 11,269 shares in the last quarter. Systematic Financial Management LP lifted its position in shares of PulteGroup by 3.9% during the third quarter. Systematic Financial Management LP now owns 130,257 shares of the construction company's stock valued at $18,696,000 after purchasing an additional 4,840 shares in the last quarter. Finally, Nilsine Partners LLC lifted its position in shares of PulteGroup by 929.2% during the fourth quarter. Nilsine Partners LLC now owns 20,574 shares of the construction company's stock valued at $2,240,000 after purchasing an additional 18,575 shares in the last quarter. 89.90% of the stock is owned by institutional investors.

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Insider Activity at PulteGroup

In related news, Director Brian P. Anderson sold 2,500 shares of the business's stock in a transaction that occurred on Monday, February 10th. The shares were sold at an average price of $106.45, for a total transaction of $266,125.00. Following the completion of the transaction, the director now owns 56,617 shares of the company's stock, valued at approximately $6,026,879.65. The trade was a 4.23 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Brien P. O'meara sold 3,500 shares of the business's stock in a transaction that occurred on Thursday, February 13th. The shares were sold at an average price of $106.40, for a total transaction of $372,400.00. Following the transaction, the vice president now directly owns 11,372 shares of the company's stock, valued at approximately $1,209,980.80. This represents a 23.53 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 21,191 shares of company stock valued at $2,256,367. Corporate insiders own 0.83% of the company's stock.

Analysts Set New Price Targets

A number of research analysts recently weighed in on the stock. 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 report on Friday, December 13th. The Goldman Sachs Group dropped their price target on shares of PulteGroup from $140.00 to $124.00 and set a "neutral" rating on the stock in a research report on Tuesday, January 14th. Citigroup dropped 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. Wells Fargo & Company decreased their price objective on shares of PulteGroup from $165.00 to $140.00 and set an "overweight" rating for the company in a report on Tuesday, December 17th. Finally, Wedbush restated an "outperform" rating and set a $135.00 price objective on shares of PulteGroup in a report on Friday, January 31st. Seven analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. Based on data from MarketBeat, PulteGroup has a consensus rating of "Moderate Buy" and an average price target of $140.86.

PulteGroup Stock Performance

Shares of PHM traded up $1.80 during trading hours on Wednesday, hitting $105.29. The company's stock had a trading volume of 2,047,578 shares, compared to its average volume of 2,257,882. The company has a market cap of $21.32 billion, a price-to-earnings ratio of 7.16, a PEG ratio of 0.29 and a beta of 1.71. The company has a debt-to-equity ratio of 0.13, a current ratio of 0.86 and a quick ratio of 0.86. The business has a 50 day simple moving average of $108.83 and a two-hundred day simple moving average of $122.69. PulteGroup, Inc. has a 52-week low of $100.54 and a 52-week high of $149.47.

PulteGroup (NYSE:PHM - Get Free Report) last posted its 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, equities analysts expect that PulteGroup, Inc. will post 12.32 earnings per share for the current fiscal year.

PulteGroup announced that its Board of Directors has initiated a stock repurchase plan on Thursday, January 30th that authorizes the company to buyback $1.50 billion in shares. This buyback authorization authorizes the construction company to repurchase up to 6.2% of its stock through open market purchases. Stock buyback plans are typically an indication that the company's board of directors believes its stock is undervalued.

PulteGroup Dividend Announcement

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

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.