PulteGroup, Inc. $PHM Stake Lessened by Barclays PLC

Barclays PLC decreased its holdings in shares of PulteGroup, Inc. (NYSE:PHM) by 3.9% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 663,378 shares of the construction company’s stock after selling 27,164 shares during the quarter. Barclays PLC owned 0.34% of PulteGroup worth $87,652,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently bought and sold shares of the company. Orion Porfolio Solutions LLC boosted its position in PulteGroup by 18.2% during the 3rd quarter. Orion Porfolio Solutions LLC now owns 44,690 shares of the construction company’s stock worth $5,905,000 after acquiring an additional 6,884 shares during the period. IFG Advisory LLC grew its stake in PulteGroup by 9.2% during the 3rd quarter. IFG Advisory LLC now owns 28,733 shares of the construction company’s stock valued at $3,797,000 after acquiring an additional 2,419 shares in the last quarter. Cambria Investment Management L.P. increased its holdings in shares of PulteGroup by 3.3% in the 3rd quarter. Cambria Investment Management L.P. now owns 93,441 shares of the construction company’s stock valued at $12,346,000 after purchasing an additional 2,958 shares during the period. Cresset Asset Management LLC lifted its position in shares of PulteGroup by 13.1% in the third quarter. Cresset Asset Management LLC now owns 7,013 shares of the construction company’s stock worth $928,000 after purchasing an additional 813 shares in the last quarter. Finally, First Eagle Investment Management LLC lifted its position in shares of PulteGroup by 35.5% in the third quarter. First Eagle Investment Management LLC now owns 2,914 shares of the construction company’s stock worth $385,000 after purchasing an additional 764 shares in the last quarter. 89.90% of the stock is owned by institutional investors and hedge funds.

Insider Activity at PulteGroup

In other news, VP Brien P. O’meara sold 4,000 shares of PulteGroup stock in a transaction dated Friday, February 6th. The stock was sold at an average price of $135.51, for a total value of $542,040.00. Following the transaction, the vice president directly owned 8,601 shares in the company, valued at approximately $1,165,521.51. The trade was a 31.74% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Ryan Marshall sold 111,250 shares of the business’s stock in a transaction dated Thursday, February 5th. The stock was sold at an average price of $133.86, for a total value of $14,891,925.00. Following the transaction, the insider directly owned 659,392 shares of the company’s stock, valued at $88,266,213.12. This represents a 14.44% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders sold 149,952 shares of company stock valued at $20,162,165. 0.76% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

Several analysts recently commented on the stock. Royal Bank Of Canada raised their price target on shares of PulteGroup from $111.00 to $115.00 and gave the stock a “sector perform” rating in a report on Friday, January 30th. Citigroup increased their target price on shares of PulteGroup from $128.00 to $136.00 and gave the stock a “neutral” rating in a research report on Tuesday, February 3rd. Zacks Research lowered shares of PulteGroup from a “hold” rating to a “strong sell” rating in a research note on Monday, January 26th. Truist Financial started coverage on shares of PulteGroup in a report on Wednesday, March 4th. They set a “buy” rating and a $170.00 price target on the stock. Finally, JPMorgan Chase & Co. dropped their price target on shares of PulteGroup from $149.00 to $131.00 and set an “overweight” rating on the stock in a research note on Tuesday, February 3rd. One investment analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating, six have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, PulteGroup presently has an average rating of “Moderate Buy” and a consensus target price of $142.71.

PulteGroup Trading Down 1.3%

NYSE:PHM opened at $127.95 on Monday. The company’s 50 day moving average is $130.60 and its 200-day moving average is $127.72. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 0.13. PulteGroup, Inc. has a 12 month low of $88.07 and a 12 month high of $144.49. The firm has a market cap of $24.61 billion, a price-to-earnings ratio of 11.51, a P/E/G ratio of 1.49 and a beta of 1.32.

PulteGroup Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, April 2nd. Shareholders of record on Tuesday, March 17th will be given 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 yield of 0.8%. PulteGroup’s payout ratio is currently 9.35%.

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.