Mn Services Vermogensbeheer B.V. Grows Holdings in PulteGroup, Inc. (NYSE:PHM)

Mn Services Vermogensbeheer B.V. lifted its holdings in shares of PulteGroup, Inc. (NYSE:PHM) by 1.7% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 84,100 shares of the construction company’s stock after buying an additional 1,400 shares during the quarter. Mn Services Vermogensbeheer B.V.’s holdings in PulteGroup were worth $9,158,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of the business. New York Life Investment Management LLC lifted its stake in shares of PulteGroup by 10.3% during the 4th quarter. New York Life Investment Management LLC now owns 30,632 shares of the construction company’s stock valued at $3,336,000 after buying an additional 2,854 shares in the last quarter. Denali Advisors LLC increased its holdings in shares of PulteGroup by 17.6% in the 4th quarter. Denali Advisors LLC now owns 4,717 shares of the construction company’s stock worth $514,000 after buying an additional 706 shares during the last quarter. MorganRosel Wealth Management LLC increased its holdings in shares of PulteGroup by 39.6% in the 4th quarter. MorganRosel Wealth Management LLC now owns 10,996 shares of the construction company’s stock worth $1,197,000 after buying an additional 3,120 shares during the last quarter. Illinois Municipal Retirement Fund boosted its stake in shares of PulteGroup by 3.1% in the 4th quarter. Illinois Municipal Retirement Fund now owns 78,378 shares of the construction company’s stock valued at $8,535,000 after purchasing an additional 2,375 shares in the last quarter. Finally, Colonial River Investments LLC raised its position in PulteGroup by 5.5% in the 4th quarter. Colonial River Investments LLC now owns 3,186 shares of the construction company’s stock worth $347,000 after purchasing an additional 167 shares during the period. 89.90% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In related news, EVP Todd N. Sheldon sold 15,191 shares of the stock in a transaction that occurred on Thursday, February 13th. The shares were 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 directly owns 74,758 shares of the company’s stock, valued at $7,961,727. This trade represents a 16.89 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, VP Brien P. O’meara sold 3,500 shares of the stock in a transaction that occurred on 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 directly owns 11,372 shares of the company’s stock, valued at $1,209,980.80. The trade was a 23.53 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 21,191 shares of company stock worth $2,256,367. Corporate insiders own 0.83% of the company’s stock.

PulteGroup Trading Up 0.3 %

NYSE PHM opened at $103.23 on Friday. The company has a current ratio of 0.86, a quick ratio of 0.86 and a debt-to-equity ratio of 0.13. PulteGroup, Inc. has a 12 month low of $100.54 and a 12 month high of $149.47. The company’s 50-day moving average price is $109.97 and its 200-day moving average price is $124.71. The stock has a market cap of $20.90 billion, a PE ratio of 7.02, a PEG ratio of 0.29 and a beta of 1.68.

PulteGroup (NYSE:PHM) last issued its earnings results on Thursday, January 30th. The construction company reported $3.50 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.28 by $0.22. PulteGroup had a net margin of 17.18% and a return on equity of 24.43%. Equities research analysts forecast that PulteGroup, Inc. will post 12.32 earnings per share for the current year.

PulteGroup declared that its board has initiated a share repurchase program on Thursday, January 30th that allows the company to buyback $1.50 billion in shares. This buyback authorization allows the construction company to purchase up to 6.2% of its shares through open market purchases. Shares buyback programs are often a sign that the company’s management believes its stock is undervalued.

PulteGroup Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, April 2nd. Stockholders of record on Tuesday, March 18th will be issued a $0.22 dividend. This represents a $0.88 dividend on an annualized basis and a dividend yield of 0.85%. The ex-dividend date of this dividend is Tuesday, March 18th. PulteGroup’s dividend payout ratio is currently 5.98%.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on the stock. Citigroup cut their price target on shares of PulteGroup from $146.00 to $119.00 and set a “neutral” rating on the stock in a report on Monday, January 6th. The Goldman Sachs Group decreased their price objective on shares of PulteGroup from $140.00 to $124.00 and set a “neutral” rating for the company in a report on Tuesday, January 14th. Oppenheimer dropped their price target on shares of PulteGroup from $165.00 to $150.00 and set an “outperform” rating for the company in a research report on Friday, January 31st. Wells Fargo & Company dropped their target price on shares of PulteGroup from $165.00 to $140.00 and set an “overweight” rating for the company in a research report on Tuesday, December 17th. 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 research note on Friday, January 31st. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and eleven have given a buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $140.86.

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.