Mitsubishi UFJ Asset Management Co. Ltd. Acquires 10,157 Shares of PulteGroup, Inc. $PHM

Mitsubishi UFJ Asset Management Co. Ltd. increased its holdings in PulteGroup, Inc. (NYSE:PHM) by 2.7% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 392,719 shares of the construction company’s stock after purchasing an additional 10,157 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. owned approximately 0.20% of PulteGroup worth $51,890,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of PHM. Evergreen Capital Management LLC boosted its stake in shares of PulteGroup by 2.8% during the 2nd quarter. Evergreen Capital Management LLC now owns 2,875 shares of the construction company’s stock worth $304,000 after acquiring an additional 78 shares in the last quarter. Fidelis Capital Partners LLC boosted its position in PulteGroup by 1.0% during the second quarter. Fidelis Capital Partners LLC now owns 8,760 shares of the construction company’s stock worth $924,000 after purchasing an additional 85 shares during the period. Apella Capital LLC grew its holdings in PulteGroup by 4.2% during the third quarter. Apella Capital LLC now owns 2,163 shares of the construction company’s stock valued at $268,000 after purchasing an additional 87 shares during the last quarter. CWM LLC raised its position in shares of PulteGroup by 0.6% in the third quarter. CWM LLC now owns 14,308 shares of the construction company’s stock valued at $1,890,000 after purchasing an additional 92 shares during the period. Finally, Wilmington Savings Fund Society FSB lifted its stake in shares of PulteGroup by 5.7% in the third quarter. Wilmington Savings Fund Society FSB now owns 1,736 shares of the construction company’s stock worth $229,000 after buying an additional 94 shares during the last quarter. 89.90% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several brokerages recently commented on PHM. Royal Bank Of Canada lifted their target price 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. BTIG Research began coverage on PulteGroup in a research note on Monday, December 1st. They issued a “neutral” rating on the stock. Barclays set a $115.00 target price on PulteGroup in a research note on Monday, December 8th. Weiss Ratings upgraded PulteGroup from a “hold (c+)” rating to a “buy (b-)” rating in a report on Monday, January 12th. Finally, JPMorgan Chase & Co. reduced their price objective on PulteGroup from $149.00 to $131.00 and set an “overweight” rating for the company in a research report on Tuesday, February 3rd. 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 stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $140.62.

Insider Transactions at PulteGroup

In other PulteGroup news, VP Brien P. O’meara sold 4,000 shares of the firm’s stock in a transaction dated Friday, February 6th. The shares were sold at an average price of $135.51, for a total transaction of $542,040.00. Following the completion of the transaction, the vice president owned 8,601 shares in the company, valued at $1,165,521.51. This trade represents a 31.74% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Ryan Marshall sold 111,250 shares of the company’s stock in a transaction that occurred 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 completion of the sale, the insider owned 659,392 shares in the company, valued at approximately $88,266,213.12. This represents a 14.44% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders have sold 149,952 shares of company stock valued at $20,162,165. Corporate insiders own 0.76% of the company’s stock.

PulteGroup Stock Performance

Shares of NYSE PHM opened at $137.09 on Friday. The business has a fifty day simple moving average of $129.37 and a 200 day simple moving average of $127.64. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 0.13. The firm has a market capitalization of $26.37 billion, a price-to-earnings ratio of 12.33, a PEG ratio of 1.60 and a beta of 1.33. PulteGroup, Inc. has a one year low of $88.07 and a one year high of $144.49.

PulteGroup Announces Dividend

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

PulteGroup Company Profile

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.