PulteGroup, Inc. $PHM Shares Sold by Andra AP fonden

Andra AP fonden reduced its position in shares of PulteGroup, Inc. (NYSE:PHM) by 52.1% in the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 60,400 shares of the construction company’s stock after selling 65,800 shares during the quarter. Andra AP fonden’s holdings in PulteGroup were worth $7,981,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Focus Partners Wealth raised its position in PulteGroup by 20.5% in the first quarter. Focus Partners Wealth now owns 12,517 shares of the construction company’s stock worth $1,287,000 after acquiring an additional 2,128 shares in the last quarter. Envestnet Asset Management Inc. grew its stake in shares of PulteGroup by 1.2% in the 2nd quarter. Envestnet Asset Management Inc. now owns 319,722 shares of the construction company’s stock worth $33,718,000 after purchasing an additional 3,795 shares during the last quarter. World Investment Advisors grew its stake in shares of PulteGroup by 12.0% in the 2nd quarter. World Investment Advisors now owns 3,985 shares of the construction company’s stock worth $420,000 after purchasing an additional 428 shares during the last quarter. Hantz Financial Services Inc. raised its holdings in shares of PulteGroup by 102.2% in the 2nd quarter. Hantz Financial Services Inc. now owns 922 shares of the construction company’s stock worth $97,000 after purchasing an additional 466 shares in the last quarter. Finally, Strs Ohio lifted its stake in PulteGroup by 12.5% during the second quarter. Strs Ohio now owns 70,774 shares of the construction company’s stock valued at $7,464,000 after purchasing an additional 7,867 shares during the last quarter. Institutional investors own 89.90% of the company’s stock.

PulteGroup Price Performance

Shares of PHM opened at $137.09 on Friday. The business’s 50-day moving average is $129.37 and its 200-day moving average is $127.64. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.01 and a quick ratio of 1.01. The company has a market capitalization of $26.37 billion, a price-to-earnings ratio of 12.33, a P/E/G ratio of 1.60 and a beta of 1.33. PulteGroup, Inc. has a fifty-two week low of $88.07 and a fifty-two week high of $144.49.

PulteGroup Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, April 2nd. Shareholders of record on Tuesday, March 17th will be paid a dividend of $0.26 per share. The ex-dividend date of this dividend is Tuesday, March 17th. This represents a $1.04 dividend on an annualized basis and a dividend yield of 0.8%. PulteGroup’s dividend payout ratio (DPR) is 9.35%.

Analyst Ratings Changes

PHM has been the topic of several research reports. Oppenheimer reaffirmed an “outperform” rating and issued a $149.00 price target (up from $140.00) on shares of PulteGroup in a report on Friday, January 30th. Royal Bank Of Canada lifted their target price on PulteGroup from $111.00 to $115.00 and gave the stock a “sector perform” rating in a report on Friday, January 30th. The Goldman Sachs Group upped their target price on PulteGroup from $144.00 to $150.00 and gave the company a “neutral” rating in a report on Tuesday, February 17th. Weiss Ratings raised PulteGroup from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Monday, January 12th. Finally, Wells Fargo & Company boosted their price objective on PulteGroup from $132.00 to $150.00 and gave the stock an “overweight” rating in a report on Wednesday, January 14th. Nine analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $140.62.

Insider Activity at PulteGroup

In related news, COO Matthew William Koart sold 15,309 shares of the stock in a transaction on Friday, February 6th. The stock was sold at an average price of $135.79, for a total transaction of $2,078,809.11. Following the completion of the sale, the chief operating officer directly owned 42,418 shares in the company, valued at approximately $5,759,940.22. This trade represents a 26.52% 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, insider Ryan Marshall sold 111,250 shares of PulteGroup stock in a transaction on Thursday, February 5th. The shares were sold at an average price of $133.86, for a total value of $14,891,925.00. Following the sale, the insider directly owned 659,392 shares of the company’s stock, valued at approximately $88,266,213.12. The trade was a 14.44% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders have sold 149,952 shares of company stock worth $20,162,165. 0.76% of the stock is currently owned by company insiders.

About PulteGroup

PulteGroup, Inc (NYSE: PHM) is a U.S.-based residential homebuilder that designs, constructs and sells single-family homes and develops master-planned communities. The company operates multiple national and regional brands that target different buyer segments, including first-time buyers, move-up buyers and active-adult customers. Its operations encompass land acquisition and development, home design and construction, community amenities and ongoing customer service and warranty programs.

PulteGroup markets homes under several well-known brands, such as Pulte Homes, Centex and Del Webb, among others, offering a range of product types from entry-level detached homes to larger, higher-end residences and age-restricted active-adult communities.