PulteGroup, Inc. (NYSE:PHM) Stock Holdings Lessened by XTX Topco Ltd

XTX Topco Ltd lowered its stake in PulteGroup, Inc. (NYSE:PHM - Free Report) by 26.9% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 8,071 shares of the construction company's stock after selling 2,976 shares during the quarter. XTX Topco Ltd's holdings in PulteGroup were worth $879,000 as of its most recent filing with the SEC.

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

PulteGroup Stock Performance

NYSE PHM traded up $2.01 during trading hours on Friday, reaching $94.87. The company's stock had a trading volume of 2,870,580 shares, compared to its average volume of 1,995,210. The company has a current ratio of 0.86, a quick ratio of 0.86 and a debt-to-equity ratio of 0.13. The business has a 50-day simple moving average of $102.04 and a 200 day simple moving average of $116.21. PulteGroup, Inc. has a 52 week low of $88.07 and a 52 week high of $149.47. The stock has a market cap of $19.21 billion, a PE ratio of 6.45, a PEG ratio of 0.29 and a beta of 1.44.

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 (EPS) for the quarter, beating analysts' consensus estimates of $3.28 by $0.22. PulteGroup had a return on equity of 24.43% and a net margin of 17.18%. Equities research analysts predict that PulteGroup, Inc. will post 12.32 earnings per share for the current fiscal year.

PulteGroup Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, April 2nd. Shareholders of record on Tuesday, March 18th were paid a dividend of $0.22 per share. This represents a $0.88 dividend on an annualized basis and a yield of 0.93%. The ex-dividend date of this dividend was Tuesday, March 18th. PulteGroup's payout ratio is 5.98%.

PulteGroup announced that its board has approved a share buyback program on Thursday, January 30th that permits the company to repurchase $1.50 billion in outstanding shares. This repurchase authorization permits the construction company to reacquire up to 6.2% of its shares through open market purchases. Shares repurchase programs are generally a sign that the company's board believes its shares are undervalued.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on PHM shares. Oppenheimer dropped their target price on PulteGroup from $165.00 to $150.00 and set an "outperform" rating on the stock in a research report on Friday, January 31st. Wells Fargo & Company dropped their price objective on PulteGroup from $140.00 to $120.00 and set an "overweight" rating on the stock in a report on Monday, April 14th. Bank of America cut their target price on PulteGroup from $135.00 to $134.00 and set a "buy" rating on the stock in a research report on Monday, January 27th. Barclays decreased their price target on shares of PulteGroup from $117.00 to $100.00 and set an "equal weight" rating for the company in a research report on Tuesday, April 8th. Finally, UBS Group upped their price target on shares of PulteGroup from $148.00 to $151.00 and gave the company a "buy" rating in a 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 data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $138.21.

Insider Buying and Selling at PulteGroup

In other news, Director Brian P. Anderson sold 2,500 shares of the firm's stock in a transaction 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 transaction, the director now directly owns 56,617 shares of the company's stock, valued at approximately $6,026,879.65. This trade represents a 4.23 % decrease in their ownership of the stock. The sale was disclosed in a document filed 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 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 completion of the transaction, the vice president now 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. Over the last 90 days, insiders have sold 21,191 shares of company stock worth $2,256,367. 0.76% 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.