TD Asset Management Inc Purchases 75,513 Shares of PulteGroup, Inc. $PHM

TD Asset Management Inc grew its position in PulteGroup, Inc. (NYSE:PHM) by 91.7% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 157,888 shares of the construction company’s stock after purchasing an additional 75,513 shares during the period. TD Asset Management Inc owned approximately 0.08% of PulteGroup worth $20,862,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in PHM. Patten Group Inc. raised its position in shares of PulteGroup by 10.2% in the third quarter. Patten Group Inc. now owns 3,382 shares of the construction company’s stock valued at $447,000 after purchasing an additional 313 shares during the period. Mufg Securities Americas Inc. raised its holdings in shares of PulteGroup by 19.8% during the 3rd quarter. Mufg Securities Americas Inc. now owns 5,321 shares of the construction company’s stock worth $703,000 after buying an additional 879 shares in the last quarter. Compound Planning Inc. lifted its holdings in shares of PulteGroup by 22.5% in the third quarter. Compound Planning Inc. now owns 5,099 shares of the construction company’s stock worth $674,000 after acquiring an additional 935 shares during the last quarter. Quantum Private Wealth LLC boosted its position in PulteGroup by 28.5% in the third quarter. Quantum Private Wealth LLC now owns 4,513 shares of the construction company’s stock valued at $596,000 after buying an additional 1,000 shares in the last quarter. Finally, Lansforsakringar Fondforvaltning AB publ boosted its holdings in shares of PulteGroup by 8.2% during the 3rd quarter. Lansforsakringar Fondforvaltning AB publ now owns 44,274 shares of the construction company’s stock valued at $5,850,000 after acquiring an additional 3,338 shares in the last quarter. 89.90% of the stock is owned by institutional investors.

Insider Transactions at PulteGroup

In other PulteGroup news, COO Matthew William Koart sold 15,309 shares of PulteGroup stock in a transaction on Friday, February 6th. The stock was sold at an average price of $135.79, for a total transaction of $2,078,809.11. Following the completion of the transaction, the chief operating officer owned 42,418 shares in the company, valued at approximately $5,759,940.22. The trade was a 26.52% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, 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 transaction of $542,040.00. Following the completion of the transaction, the vice president owned 8,601 shares in the company, valued at approximately $1,165,521.51. This represents a 31.74% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders sold 149,952 shares of company stock worth $20,162,165. 0.76% of the stock is owned by insiders.

PulteGroup Trading Up 1.1%

Shares of PHM opened at $137.09 on Friday. The firm has a 50 day moving average price of $129.37 and a 200-day moving average price of $127.64. 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 fifty-two week low of $88.07 and a fifty-two week high of $144.49. The firm has a market cap 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 Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, April 2nd. Investors of record on Tuesday, March 17th will be paid a $0.26 dividend. This represents a $1.04 annualized dividend and a yield of 0.8%. The ex-dividend date of this dividend is Tuesday, March 17th. PulteGroup’s dividend payout ratio is presently 9.35%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on the company. Zacks Research lowered PulteGroup from a “hold” rating to a “strong sell” rating in a research report on Monday, January 26th. Weiss Ratings upgraded PulteGroup from a “hold (c+)” rating to a “buy (b-)” rating in a report on Monday, January 12th. Oppenheimer reaffirmed an “outperform” rating and issued a $149.00 price target (up from $140.00) on shares of PulteGroup in a research report on Friday, January 30th. 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 report on Tuesday, February 3rd. Finally, Citigroup boosted their price objective on PulteGroup from $128.00 to $136.00 and gave the stock a “neutral” rating in a research report on Tuesday, February 3rd. Nine research analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $140.62.

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.