Aware Super Pty Ltd as trustee of Aware Super Acquires New Shares in PulteGroup, Inc. $PHM

Aware Super Pty Ltd as trustee of Aware Super acquired a new position in shares of PulteGroup, Inc. (NYSE:PHM) in the first quarter, HoldingsChannel.com reports. The firm acquired 86,161 shares of the construction company’s stock, valued at approximately $10,133,000.

Other large investors have also recently added to or reduced their stakes in the company. Illinois Municipal Retirement Fund lifted its stake in PulteGroup by 2.6% in the first quarter. Illinois Municipal Retirement Fund now owns 79,890 shares of the construction company’s stock valued at $9,396,000 after buying an additional 2,028 shares during the last quarter. NFSG Corp bought a new position in PulteGroup during the first quarter valued at about $29,000. Livforsakringsbolaget Skandia Omsesidigt boosted its stake in PulteGroup by 9.8% during the first quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 107,852 shares of the construction company’s stock valued at $12,708,000 after buying an additional 9,600 shares in the last quarter. Sanctuary Advisors LLC grew its holdings in PulteGroup by 0.7% during the first quarter. Sanctuary Advisors LLC now owns 84,736 shares of the construction company’s stock worth $9,966,000 after acquiring an additional 596 shares during the period. Finally, Checchi Capital Advisers LLC grew its holdings in PulteGroup by 6.9% during the first quarter. Checchi Capital Advisers LLC now owns 7,696 shares of the construction company’s stock worth $905,000 after acquiring an additional 500 shares during the period. 89.90% of the stock is owned by institutional investors and hedge funds.

PulteGroup Stock Performance

NYSE:PHM opened at $125.92 on Friday. The firm has a market capitalization of $23.99 billion, a PE ratio of 12.18, a PEG ratio of 1.64 and a beta of 1.18. PulteGroup, Inc. has a 1 year low of $107.91 and a 1 year high of $144.49. The company has a current ratio of 0.94, a quick ratio of 0.94 and a debt-to-equity ratio of 0.14. The firm’s fifty day simple moving average is $122.92 and its 200 day simple moving average is $124.99.

PulteGroup (NYSE:PHM) last released its quarterly earnings results on Thursday, April 23rd. The construction company reported $1.79 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.80 by ($0.01). The firm had revenue of $3.41 billion for the quarter, compared to the consensus estimate of $3.40 billion. PulteGroup had a net margin of 12.14% and a return on equity of 16.41%. The firm’s revenue was down 12.4% on a year-over-year basis. During the same quarter last year, the company earned $2.57 earnings per share. On average, sell-side analysts anticipate that PulteGroup, Inc. will post 9.95 EPS for the current year.

PulteGroup Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, July 2nd. Stockholders of record on Tuesday, June 16th were given a $0.26 dividend. This represents a $1.04 annualized dividend and a dividend yield of 0.8%. The ex-dividend date of this dividend was Tuesday, June 16th. PulteGroup’s dividend payout ratio is currently 10.06%.

PulteGroup declared that its Board of Directors has approved a share repurchase program on Thursday, April 23rd that allows the company to buyback $1.50 billion in shares. This buyback authorization allows the construction company to buy up to 6.1% of its stock through open market purchases. Stock buyback programs are usually an indication that the company’s leadership believes its shares are undervalued.

Wall Street Analysts Forecast Growth

PHM has been the topic of a number of recent analyst reports. Evercore boosted their target price on PulteGroup from $146.00 to $151.00 and gave the stock an “outperform” rating in a research report on Friday, April 24th. Wells Fargo & Company increased their price target on PulteGroup from $140.00 to $150.00 and gave the company an “overweight” rating in a research report on Monday, July 6th. Zacks Research upgraded PulteGroup from a “strong sell” rating to a “hold” rating in a report on Monday, April 13th. Citigroup boosted their price target on shares of PulteGroup from $136.00 to $138.00 and gave the company a “neutral” rating in a report on Friday, April 24th. Finally, Seaport Research Partners restated a “sell” rating and issued a $100.00 price target (down from $155.00) on shares of PulteGroup in a research report on Tuesday, April 7th. Ten investment analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company. According to data from MarketBeat.com, PulteGroup presently has an average rating of “Moderate Buy” and a consensus price target of $142.21.

Insider Buying and Selling at PulteGroup

In related news, COO Matthew William Koart sold 7,457 shares of PulteGroup stock in a transaction dated Wednesday, May 27th. The stock was sold at an average price of $120.00, for a total transaction of $894,840.00. Following the sale, the chief operating officer directly owned 28,100 shares of the company’s stock, valued at $3,372,000. This trade represents a 20.97% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Lila Snyder sold 3,339 shares of the business’s stock in a transaction dated Friday, May 8th. The shares were sold at an average price of $117.18, for a total value of $391,264.02. Following the transaction, the director owned 3,540 shares in the company, valued at $414,817.20. This represents a 48.54% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Company insiders own 0.75% of the company’s stock.

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.