Vinva Investment Management Ltd Reduces Stock Holdings in PulteGroup, Inc. (NYSE:PHM)

Vinva Investment Management Ltd lessened its holdings in PulteGroup, Inc. (NYSE:PHM - Free Report) by 88.5% during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 13,753 shares of the construction company's stock after selling 105,714 shares during the period. Vinva Investment Management Ltd's holdings in PulteGroup were worth $1,497,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Thrivent Financial for Lutherans raised its position in shares of PulteGroup by 6.3% during the 3rd quarter. Thrivent Financial for Lutherans now owns 19,524 shares of the construction company's stock valued at $2,803,000 after buying an additional 1,160 shares in the last quarter. Prospera Financial Services Inc increased its position in shares of PulteGroup by 4.8% during the 3rd quarter. Prospera Financial Services Inc now owns 9,654 shares of the construction company's stock valued at $1,386,000 after purchasing an additional 438 shares during the last quarter. Fifth Third Wealth Advisors LLC raised its holdings in shares of PulteGroup by 5.0% during the 3rd quarter. Fifth Third Wealth Advisors LLC now owns 2,426 shares of the construction company's stock valued at $348,000 after buying an additional 115 shares in the last quarter. B. Metzler seel. Sohn & Co. Holding AG purchased a new stake in PulteGroup in the third quarter worth approximately $788,000. Finally, PNC Financial Services Group Inc. grew its position in PulteGroup by 6.1% during the third quarter. PNC Financial Services Group Inc. now owns 36,152 shares of the construction company's stock valued at $5,189,000 after acquiring an additional 2,067 shares during the last quarter. 89.90% of the stock is currently owned by hedge funds and other institutional investors.

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Analyst Ratings Changes

A number of brokerages have recently issued reports on PHM. Oppenheimer cut their price objective on shares of PulteGroup from $165.00 to $150.00 and set an "outperform" rating for the company in a research note on Friday, January 31st. Wells Fargo & Company reduced their price objective on PulteGroup from $165.00 to $140.00 and set an "overweight" rating on the stock in a research note on Tuesday, December 17th. Wedbush reissued an "outperform" rating and issued a $135.00 target price on shares of PulteGroup in a research note on Friday, January 31st. The Goldman Sachs Group reduced their price target on PulteGroup from $140.00 to $124.00 and set a "neutral" rating on the stock in a research report on Tuesday, January 14th. Finally, Barclays lowered their price objective on PulteGroup from $125.00 to $117.00 and set an "equal weight" rating for the company in a research report on Friday, January 31st. Seven investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $140.86.

PulteGroup Stock Down 0.5 %

Shares of NYSE:PHM traded down $0.57 on Tuesday, hitting $105.28. 1,979,885 shares of the company traded hands, compared to its average volume of 1,878,103. The stock has a 50 day simple moving average of $108.48 and a 200-day simple moving average of $122.01. The company has a quick ratio of 0.86, a current ratio of 0.86 and a debt-to-equity ratio of 0.13. The company has a market cap of $21.31 billion, a PE ratio of 7.16, a PEG ratio of 0.29 and a beta of 1.71. PulteGroup, Inc. has a 52 week low of $100.35 and a 52 week high of $149.47.

PulteGroup (NYSE:PHM - Get Free Report) last released its quarterly earnings data on Thursday, January 30th. The construction company reported $3.50 earnings per share for the quarter, beating 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 earnings per share for the current year.

PulteGroup Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 2nd. Investors of record on Tuesday, March 18th will be given a $0.22 dividend. 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 (DPR) is presently 5.98%.

PulteGroup announced that its board has approved a share repurchase program on Thursday, January 30th that authorizes the company to repurchase $1.50 billion in shares. This repurchase authorization authorizes the construction company to buy up to 6.2% of its shares through open market purchases. Shares repurchase programs are generally an indication that the company's management believes its stock is undervalued.

Insider Buying and Selling at PulteGroup

In other PulteGroup news, VP Brien P. O'meara sold 3,500 shares of the company's stock in a transaction dated 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 owns 11,372 shares in the company, valued at approximately $1,209,980.80. This represents a 23.53 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Brian P. Anderson sold 2,500 shares of PulteGroup stock in a transaction that occurred 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 completion of the sale, the director now owns 56,617 shares of the company's stock, 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. In the last three months, insiders have sold 21,191 shares of company stock worth $2,256,367. Insiders own 0.83% of the company's stock.

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.