Danica Pension Livsforsikringsaktieselskab Purchases Shares of 61,794 PulteGroup, Inc. $PHM

Danica Pension Livsforsikringsaktieselskab acquired a new stake in PulteGroup, Inc. (NYSE:PHMFree Report) in the first quarter, HoldingsChannel reports. The fund acquired 61,794 shares of the construction company’s stock, valued at approximately $7,268,000.

Several other institutional investors also recently modified their holdings of PHM. Cedar Mountain Advisors LLC raised its holdings in shares of PulteGroup by 1,650.0% in the 1st quarter. Cedar Mountain Advisors LLC now owns 210 shares of the construction company’s stock valued at $25,000 after purchasing an additional 198 shares during the period. NFSG Corp acquired a new position in PulteGroup during the first quarter worth approximately $29,000. Rachor Investment Advisory Services LLC acquired a new position in PulteGroup during the fourth quarter worth approximately $31,000. HHM Wealth Advisors LLC increased its holdings in shares of PulteGroup by 158.5% during the 1st quarter. HHM Wealth Advisors LLC now owns 274 shares of the construction company’s stock worth $32,000 after acquiring an additional 168 shares during the last quarter. Finally, DV Equities LLC acquired a new position in shares of PulteGroup during the 4th quarter worth approximately $32,000. 89.90% of the stock is currently owned by institutional investors and hedge funds.

PulteGroup News Summary

Here are the key news stories impacting PulteGroup this week:

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on PHM shares. Citigroup raised their price target on PulteGroup from $136.00 to $138.00 and gave the company a “neutral” rating in a report on Friday, April 24th. UBS Group upped their price objective on shares of PulteGroup from $159.00 to $162.00 and gave the company a “buy” rating in a report on Friday, April 24th. Weiss Ratings lowered shares of PulteGroup from a “buy (b-)” rating to a “hold (c)” rating in a research report on Monday, April 27th. Barclays raised their target price on shares of PulteGroup from $112.00 to $123.00 and gave the stock an “equal weight” rating in a research note on Tuesday, July 14th. Finally, The Goldman Sachs Group lifted their target price on shares of PulteGroup from $133.00 to $142.00 and gave the stock a “neutral” rating in a report on Friday, April 24th. Ten investment analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $142.21.

View Our Latest Report on PulteGroup

PulteGroup Trading Up 1.6%

PHM opened at $126.27 on Thursday. The stock has a market capitalization of $24.05 billion, a price-to-earnings ratio of 12.21, a P/E/G ratio of 1.58 and a beta of 1.18. The company has a quick ratio of 0.94, a current ratio of 0.94 and a debt-to-equity ratio of 0.14. PulteGroup, Inc. has a twelve month low of $108.49 and a twelve month high of $144.49. The company has a 50-day simple moving average of $123.53 and a 200 day simple moving average of $125.18.

PulteGroup (NYSE:PHMGet Free Report) last released its earnings results on Wednesday, July 22nd. The construction company reported $2.48 EPS for the quarter, beating the consensus estimate of $2.36 by $0.12. The firm had revenue of $3.98 billion for the quarter, compared to analyst estimates of $3.94 billion. PulteGroup had a net margin of 12.14% and a return on equity of 16.41%. The business’s quarterly revenue was down 9.6% compared to the same quarter last year. During the same period last year, the firm earned $3.03 EPS. Analysts predict that PulteGroup, Inc. will post 9.95 EPS for the current fiscal year.

PulteGroup Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, July 2nd. Investors of record on Tuesday, June 16th were given a dividend of $0.26 per share. The ex-dividend date was Tuesday, June 16th. This represents a $1.04 annualized dividend and a dividend yield of 0.8%. PulteGroup’s dividend payout ratio (DPR) is currently 10.06%.

PulteGroup announced that its Board of Directors has authorized a stock 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 purchase up to 6.1% of its stock through open market purchases. Stock buyback programs are often an indication that the company’s leadership believes its shares are undervalued.

Insider Buying and Selling

In other PulteGroup 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 completion of the transaction, the chief operating officer directly 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Lila Snyder sold 3,339 shares of the company’s stock in a transaction on Friday, May 8th. The stock was sold at an average price of $117.18, for a total value of $391,264.02. Following the sale, the director owned 3,540 shares of the company’s stock, valued at $414,817.20. The trade was a 48.54% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Company insiders own 0.75% of the company’s stock.

PulteGroup Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for PulteGroup (NYSE:PHM)

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