PulteGroup, Inc. (NYSE:PHM) Shares Sold by Alaska Permanent Fund Corp

Alaska Permanent Fund Corp decreased its holdings in PulteGroup, Inc. (NYSE:PHM) by 3.8% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 31,166 shares of the construction company’s stock after selling 1,234 shares during the quarter. Alaska Permanent Fund Corp’s holdings in PulteGroup were worth $3,217,000 as of its most recent filing with the SEC.

Other institutional investors have also modified their holdings of the company. Arlington Trust Co LLC bought a new position in PulteGroup in the 3rd quarter worth approximately $33,000. Baystate Wealth Management LLC grew its holdings in PulteGroup by 186.5% in the 3rd quarter. Baystate Wealth Management LLC now owns 490 shares of the construction company’s stock worth $36,000 after buying an additional 319 shares in the last quarter. Annis Gardner Whiting Capital Advisors LLC bought a new position in PulteGroup in the 3rd quarter worth approximately $36,000. Rakuten Securities Inc. bought a new position in PulteGroup in the 4th quarter worth approximately $37,000. Finally, Lindbrook Capital LLC grew its holdings in PulteGroup by 335.6% in the 4th quarter. Lindbrook Capital LLC now owns 379 shares of the construction company’s stock worth $39,000 after buying an additional 292 shares in the last quarter. Institutional investors and hedge funds own 89.90% of the company’s stock.

PulteGroup Stock Down 0.4 %

PHM traded down $0.50 during trading on Wednesday, hitting $112.26. The company had a trading volume of 2,044,801 shares, compared to its average volume of 1,827,987. The company has a market capitalization of $23.69 billion, a PE ratio of 9.54, a PEG ratio of 0.52 and a beta of 1.56. PulteGroup, Inc. has a one year low of $64.41 and a one year high of $121.07. The firm’s 50-day moving average price is $110.73 and its 200 day moving average price is $98.96. The company has a quick ratio of 0.86, a current ratio of 0.86 and a debt-to-equity ratio of 0.19.

PulteGroup (NYSE:PHM) last posted its quarterly earnings data on Tuesday, January 30th. The construction company reported $3.28 EPS for the quarter, beating the consensus estimate of $3.21 by $0.07. The business had revenue of $4.29 billion for the quarter, compared to analysts’ expectations of $4.47 billion. PulteGroup had a net margin of 16.20% and a return on equity of 25.97%. The firm’s revenue was down 15.5% compared to the same quarter last year. During the same period in the previous year, the firm posted $3.63 EPS. As a group, equities analysts expect that PulteGroup, Inc. will post 11.79 earnings per share for the current year.

PulteGroup announced that its Board of Directors has approved a stock repurchase program on Tuesday, January 30th that allows the company to buyback $1.50 billion in outstanding shares. This buyback authorization allows the construction company to repurchase up to 6.5% of its shares through open market purchases. Shares buyback programs are generally a sign that the company’s board of directors believes its stock is undervalued.

PulteGroup Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, April 2nd. Investors of record on Friday, March 15th were given a $0.20 dividend. The ex-dividend date of this dividend was Thursday, March 14th. This represents a $0.80 annualized dividend and a yield of 0.71%. PulteGroup’s dividend payout ratio is currently 6.81%.

Insider Activity at PulteGroup

In other PulteGroup news, VP Brien P. O’meara sold 2,000 shares of the business’s stock in a transaction dated Tuesday, February 6th. The shares were sold at an average price of $103.09, for a total transaction of $206,180.00. Following the sale, the vice president now directly owns 15,389 shares of the company’s stock, valued at approximately $1,586,452.01. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. 0.75% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on the company. Jefferies Financial Group upped their target price on PulteGroup from $126.00 to $131.00 and gave the stock a “buy” rating in a research report on Wednesday. Citigroup increased their target price on shares of PulteGroup from $116.00 to $127.00 and gave the stock a “neutral” rating in a research report on Friday, April 5th. StockNews.com downgraded shares of PulteGroup from a “buy” rating to a “hold” rating in a research report on Saturday, March 2nd. The Goldman Sachs Group raised their price target on PulteGroup from $91.00 to $105.00 and gave the company a “neutral” rating in a research report on Thursday, January 11th. Finally, Barclays raised their price target on PulteGroup from $126.00 to $136.00 and gave the company an “overweight” rating in a research report on Thursday, April 4th. Six analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $110.73.

About PulteGroup

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.