US Bancorp DE Buys 9,346 Shares of PulteGroup, Inc. (NYSE:PHM)

US Bancorp DE raised its position in PulteGroup, Inc. (NYSE:PHM - Free Report) by 63.4% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 24,092 shares of the construction company's stock after buying an additional 9,346 shares during the quarter. US Bancorp DE's holdings in PulteGroup were worth $2,624,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Transcendent Capital Group LLC bought a new stake in shares of PulteGroup during the 3rd quarter valued at $29,000. Hager Investment Management Services LLC bought a new stake in shares of PulteGroup during the 4th quarter valued at $29,000. JNBA Financial Advisors bought a new stake in shares of PulteGroup during the 3rd quarter valued at $43,000. Fortitude Family Office LLC raised its stake in shares of 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. Finally, R Squared Ltd bought a new stake in shares of PulteGroup during the 4th quarter valued at $39,000. 89.90% of the stock is currently owned by institutional investors.

Insider Buying and Selling at PulteGroup

In other news, EVP Todd N. Sheldon sold 15,191 shares of the stock in a transaction that occurred on 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 completion of the transaction, the executive vice president now owns 74,758 shares of the company's stock, valued at approximately $7,961,727. This represents a 16.89 % decrease in their position. 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 stock in a transaction that occurred on 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 transaction, 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 disclosure for this sale can be found here. Insiders sold 21,191 shares of company stock valued at $2,256,367 in the last 90 days. Insiders own 0.75% of the company's stock.

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PulteGroup Trading Down 0.2 %

PHM stock traded down $0.21 during trading on Friday, hitting $108.06. 2,461,674 shares of the company traded hands, compared to its average volume of 2,295,283. The firm has a market capitalization of $21.88 billion, a PE ratio of 7.35, a P/E/G ratio of 0.29 and a beta of 1.71. PulteGroup, Inc. has a 1 year low of $100.54 and a 1 year high of $149.47. The company has a 50-day moving average of $109.48 and a 200-day moving average of $124.09. 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 (NYSE:PHM - Get Free Report) last issued its earnings results on Thursday, January 30th. The construction company reported $3.50 earnings per share 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%. Analysts predict that PulteGroup, Inc. will post 12.32 earnings per share for the current fiscal year.

PulteGroup declared that its board has authorized a share buyback plan on Thursday, January 30th that authorizes the company to buyback $1.50 billion in shares. This buyback authorization authorizes the construction company to reacquire up to 6.2% of its shares through open market purchases. Shares buyback plans are generally an indication that the company's leadership believes its shares are undervalued.

PulteGroup Announces Dividend

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 given a dividend of $0.22 per share. This represents a $0.88 dividend on an annualized basis and a yield of 0.81%. The ex-dividend date of this dividend is Tuesday, March 18th. PulteGroup's payout ratio is 5.98%.

Analyst Ratings Changes

A number of equities analysts have weighed in on PHM shares. The Goldman Sachs Group decreased their target price on PulteGroup from $140.00 to $124.00 and set a "neutral" rating on the stock in a research note on Tuesday, January 14th. JPMorgan Chase & Co. decreased their target price on PulteGroup from $162.00 to $155.00 and set an "overweight" rating on the stock in a research note on Friday, December 13th. StockNews.com lowered PulteGroup from a "buy" rating to a "hold" rating in a research note on Wednesday, December 11th. Seaport Res Ptn upgraded PulteGroup from a "strong sell" rating to a "hold" rating in a research note on Thursday. Finally, Oppenheimer decreased their target price on PulteGroup from $165.00 to $150.00 and set an "outperform" rating on the stock in a research note on Friday, January 31st. Seven research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $140.86.

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.