102,058 Shares in PulteGroup, Inc. (NYSE:PHM) Bought by Quantbot Technologies LP

Quantbot Technologies LP bought a new stake in PulteGroup, Inc. (NYSE:PHM) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm bought 102,058 shares of the construction company’s stock, valued at approximately $11,114,000. Quantbot Technologies LP owned 0.05% of PulteGroup at the end of the most recent reporting period.

A number of other institutional investors also recently made changes to their positions in PHM. Thrivent Financial for Lutherans lifted its position in shares of PulteGroup by 6.3% during the 3rd quarter. Thrivent Financial for Lutherans now owns 19,524 shares of the construction company’s stock valued at $2,803,000 after acquiring an additional 1,160 shares during the last quarter. Prospera Financial Services Inc raised its position in shares of PulteGroup by 4.8% during the third quarter. Prospera Financial Services Inc now owns 9,654 shares of the construction company’s stock worth $1,386,000 after purchasing an additional 438 shares during the period. Fifth Third Wealth Advisors LLC lifted its holdings in shares of PulteGroup by 5.0% during the third quarter. Fifth Third Wealth Advisors LLC now owns 2,426 shares of the construction company’s stock valued at $348,000 after purchasing an additional 115 shares during the last quarter. B. Metzler seel. Sohn & Co. Holding AG acquired a new position in shares of PulteGroup in the 3rd quarter valued at $788,000. Finally, PNC Financial Services Group Inc. increased its stake in PulteGroup by 6.1% in the 3rd quarter. PNC Financial Services Group Inc. now owns 36,152 shares of the construction company’s stock worth $5,189,000 after purchasing an additional 2,067 shares in the last quarter. 89.90% of the stock is owned by institutional investors and hedge funds.

Insider Activity at PulteGroup

In related news, VP Brien P. O’meara sold 3,500 shares of the stock in a transaction that occurred on Thursday, February 13th. The stock was sold at an average price of $106.40, for a total transaction of $372,400.00. Following the sale, the vice president now owns 11,372 shares of the company’s stock, valued at $1,209,980.80. This represents a 23.53 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Brian P. Anderson sold 2,500 shares of the company’s stock in a transaction that occurred on Monday, February 10th. The stock was sold at an average price of $106.45, for a total transaction of $266,125.00. Following the sale, the director now directly owns 56,617 shares of the company’s stock, valued at approximately $6,026,879.65. This trade represents a 4.23 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 21,191 shares of company stock valued at $2,256,367. Insiders own 0.83% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on the stock. Seaport Res Ptn raised shares of PulteGroup from a “strong sell” rating to a “hold” rating in a research note on Thursday, March 6th. Barclays decreased their target price on shares of PulteGroup from $125.00 to $117.00 and set an “equal weight” rating for the company in a research report on Friday, January 31st. The Goldman Sachs Group cut their price target on shares of PulteGroup from $140.00 to $124.00 and set a “neutral” rating on the stock in a report on Tuesday, January 14th. JPMorgan Chase & Co. decreased their price objective on shares of PulteGroup from $162.00 to $155.00 and set an “overweight” rating for the company in a report on Friday, December 13th. Finally, Bank of America cut their target price on PulteGroup from $135.00 to $134.00 and set a “buy” rating on the stock in a report on Monday, January 27th. Seven investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $140.86.

PulteGroup Stock Down 2.2 %

Shares of NYSE:PHM opened at $103.04 on Friday. PulteGroup, Inc. has a 12 month low of $100.35 and a 12 month high of $149.47. The company has a quick ratio of 0.86, a current ratio of 0.86 and a debt-to-equity ratio of 0.13. The company’s 50-day moving average price is $108.54 and its two-hundred day moving average price is $122.25. The firm has a market cap of $20.86 billion, a P/E ratio of 7.00, a P/E/G ratio of 0.29 and a beta of 1.71.

PulteGroup (NYSE:PHM) last announced its quarterly earnings results on Thursday, January 30th. The construction company reported $3.50 EPS for the quarter, beating analysts’ consensus estimates of $3.28 by $0.22. PulteGroup had a return on equity of 24.43% and a net margin of 17.18%. As a group, research analysts forecast that PulteGroup, Inc. will post 12.32 EPS for the current fiscal year.

PulteGroup declared that its board has initiated a share buyback plan on Thursday, January 30th that authorizes the company to buyback $1.50 billion in outstanding shares. This buyback authorization authorizes the construction company to buy up to 6.2% of its stock through open market purchases. Stock buyback plans are often a sign that the company’s leadership believes its shares are undervalued.

PulteGroup Announces Dividend

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

PulteGroup 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.