PulteGroup, Inc. $PHM Shares Sold by Swiss National Bank

Swiss National Bank lowered its position in shares of PulteGroup, Inc. (NYSE:PHM) by 5.3% in the third quarter, according to its most recent 13F filing with the SEC. The firm owned 577,800 shares of the construction company’s stock after selling 32,400 shares during the quarter. Swiss National Bank owned about 0.30% of PulteGroup worth $76,345,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Focus Partners Wealth grew its stake in PulteGroup by 20.5% during the first quarter. Focus Partners Wealth now owns 12,517 shares of the construction company’s stock worth $1,287,000 after buying an additional 2,128 shares during the period. Savant Capital LLC raised its stake in shares of PulteGroup by 15.0% in the 2nd quarter. Savant Capital LLC now owns 12,492 shares of the construction company’s stock valued at $1,317,000 after acquiring an additional 1,630 shares during the period. Penserra Capital Management LLC lifted its holdings in shares of PulteGroup by 7.2% during the 2nd quarter. Penserra Capital Management LLC now owns 6,022 shares of the construction company’s stock valued at $633,000 after acquiring an additional 403 shares in the last quarter. Metis Global Partners LLC lifted its holdings in shares of PulteGroup by 17.9% during the 2nd quarter. Metis Global Partners LLC now owns 11,042 shares of the construction company’s stock valued at $1,164,000 after acquiring an additional 1,677 shares in the last quarter. Finally, Midwest Trust Co purchased a new stake in PulteGroup during the 2nd quarter worth $375,000. Institutional investors and hedge funds own 89.90% of the company’s stock.

Insider Activity at PulteGroup

In other PulteGroup news, VP Brien P. O’meara sold 4,000 shares of the company’s stock in a transaction that occurred on 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 of the company’s stock, valued at $1,165,521.51. This represents a 31.74% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Ryan Marshall sold 111,250 shares of the 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 transaction, the insider owned 659,392 shares of the company’s stock, valued at approximately $88,266,213.12. This trade represents a 14.44% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 149,952 shares of company stock worth $20,162,165 over the last ninety days. Company insiders own 0.76% of the company’s stock.

PulteGroup Stock Down 0.8%

Shares of NYSE PHM opened at $123.34 on Thursday. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.01 and a current ratio of 1.01. PulteGroup, Inc. has a 1 year low of $88.07 and a 1 year high of $144.49. The stock’s 50-day simple moving average is $131.00 and its 200-day simple moving average is $127.64. The firm has a market cap of $23.72 billion, a price-to-earnings ratio of 11.09, a PEG ratio of 1.45 and a beta of 1.32.

PulteGroup Announces Dividend

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

Analyst Ratings Changes

PHM has been the subject of several recent research reports. Barclays set a $115.00 price target on PulteGroup in a report on Monday, December 8th. Zacks Research downgraded PulteGroup from a “hold” rating to a “strong sell” rating in a research report on Monday, January 26th. Wells Fargo & Company increased their target price on PulteGroup from $132.00 to $150.00 and gave the company an “overweight” rating in a research note on Wednesday, January 14th. Raymond James Financial reissued an “outperform” rating and set a $145.00 price target on shares of PulteGroup in a research report on Wednesday, February 4th. Finally, Wall Street Zen raised shares of PulteGroup from a “sell” rating to a “hold” rating in a research report on Sunday, January 11th. One investment analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating, six have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $142.71.

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.