PulteGroup, Inc. $PHM Stock Position Increased by Livforsakringsbolaget Skandia Omsesidigt

Livforsakringsbolaget Skandia Omsesidigt boosted its position in PulteGroup, Inc. (NYSE:PHM) by 7,167.2% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 98,252 shares of the construction company’s stock after purchasing an additional 96,900 shares during the quarter. Livforsakringsbolaget Skandia Omsesidigt’s holdings in PulteGroup were worth $11,542,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of the company. Evergreen Capital Management LLC lifted its position in PulteGroup by 2.8% in the 2nd quarter. Evergreen Capital Management LLC now owns 2,875 shares of the construction company’s stock valued at $304,000 after purchasing an additional 78 shares during the last quarter. Stephens Inc. AR lifted its position in PulteGroup by 3.5% in the 4th quarter. Stephens Inc. AR now owns 2,350 shares of the construction company’s stock valued at $276,000 after purchasing an additional 80 shares during the last quarter. Perigon Wealth Management LLC lifted its position in PulteGroup by 3.6% in the 4th quarter. Perigon Wealth Management LLC now owns 2,672 shares of the construction company’s stock valued at $313,000 after purchasing an additional 92 shares during the last quarter. Opal Wealth Advisors LLC lifted its position in PulteGroup by 4.8% in the 4th quarter. Opal Wealth Advisors LLC now owns 2,169 shares of the construction company’s stock valued at $254,000 after purchasing an additional 99 shares during the last quarter. Finally, Empirical Financial Services LLC d.b.a. Empirical Wealth Management lifted its position in PulteGroup by 1.0% in the 3rd quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 10,520 shares of the construction company’s stock valued at $1,390,000 after purchasing an additional 100 shares during the last quarter. 89.90% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other news, COO Matthew William Koart sold 7,457 shares of the business’s stock in a transaction that occurred on Wednesday, May 27th. The shares were sold at an average price of $120.00, for a total transaction of $894,840.00. Following the sale, the chief operating officer owned 28,100 shares in the company, valued at $3,372,000. The trade was a 20.97% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Lila Snyder sold 3,339 shares of the business’s stock in a transaction that occurred on Friday, May 8th. The shares were sold at an average price of $117.18, for a total transaction of $391,264.02. Following the sale, the director owned 3,540 shares in the company, valued at $414,817.20. This represents a 48.54% decrease in their position. The disclosure for this sale is available in the SEC filing. 0.75% of the stock is owned by insiders.

PulteGroup Stock Up 1.0%

NYSE PHM opened at $118.34 on Friday. The company has a debt-to-equity ratio of 0.14, a current ratio of 0.94 and a quick ratio of 0.94. The company’s 50 day simple moving average is $119.07 and its 200 day simple moving average is $124.00. PulteGroup, Inc. has a 12 month low of $98.27 and a 12 month high of $144.49. The company has a market capitalization of $22.54 billion, a P/E ratio of 11.44, a PEG ratio of 1.49 and a beta of 1.20.

PulteGroup (NYSE:PHM) last released its earnings results on Thursday, April 23rd. The construction company reported $1.79 EPS for the quarter, missing analysts’ consensus estimates of $1.80 by ($0.01). PulteGroup had a return on equity of 16.41% and a net margin of 12.14%.The business had revenue of $3.41 billion during the quarter, compared to the consensus estimate of $3.40 billion. During the same quarter in the previous year, the firm earned $2.57 earnings per share. The firm’s revenue for the quarter was down 12.4% compared to the same quarter last year. Equities research analysts expect that PulteGroup, Inc. will post 10 earnings per share for the current fiscal year.

PulteGroup announced that its board has initiated a share buyback plan on Thursday, April 23rd that permits the company to buyback $1.50 billion in outstanding shares. This buyback authorization permits the construction company to reacquire up to 6.1% of its stock through open market purchases. Stock buyback plans are usually a sign that the company’s board of directors believes its shares are undervalued.

PulteGroup Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, July 2nd. Investors of record on Tuesday, June 16th will be issued a $0.26 dividend. This represents a $1.04 dividend on an annualized basis and a dividend yield of 0.9%. The ex-dividend date is Tuesday, June 16th. PulteGroup’s payout ratio is presently 10.06%.

Analyst Ratings Changes

A number of research firms have commented on PHM. The Goldman Sachs Group boosted their price target on shares of PulteGroup from $133.00 to $142.00 and gave the stock a “neutral” rating in a research report on Friday, April 24th. Oppenheimer restated an “outperform” rating on shares of PulteGroup in a research report on Tuesday, May 26th. Barclays dropped their price target on shares of PulteGroup from $115.00 to $112.00 and set an “equal weight” rating on the stock in a research report on Wednesday, April 8th. Wells Fargo & Company boosted their price target on shares of PulteGroup from $132.00 to $140.00 and gave the stock an “overweight” rating in a research report on Friday, April 24th. Finally, Bank of America dropped their price target on shares of PulteGroup from $145.00 to $140.00 and set a “buy” rating on the stock in a research report on Monday, April 20th. Ten equities research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $140.71.

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.