PulteGroup, Inc. $PHM Stock Position Reduced by Tredje AP fonden

Tredje AP fonden reduced its position in shares of PulteGroup, Inc. (NYSE:PHM) by 47.2% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 19,508 shares of the construction company’s stock after selling 17,447 shares during the period. Tredje AP fonden’s holdings in PulteGroup were worth $2,578,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in the company. Evergreen Capital Management LLC raised its holdings in shares of PulteGroup by 2.8% during the second quarter. Evergreen Capital Management LLC now owns 2,875 shares of the construction company’s stock worth $304,000 after purchasing an additional 78 shares during the period. Fidelis Capital Partners LLC grew its position in shares of PulteGroup by 1.0% during the 2nd quarter. Fidelis Capital Partners LLC now owns 8,760 shares of the construction company’s stock valued at $924,000 after buying an additional 85 shares during the last quarter. Apella Capital LLC raised its stake in PulteGroup by 4.2% during the third quarter. Apella Capital LLC now owns 2,163 shares of the construction company’s stock worth $268,000 after acquiring an additional 87 shares during the period. CWM LLC lifted its holdings in PulteGroup by 0.6% in the third quarter. CWM LLC now owns 14,308 shares of the construction company’s stock worth $1,890,000 after acquiring an additional 92 shares during the last quarter. Finally, Wilmington Savings Fund Society FSB boosted its stake in PulteGroup by 5.7% in the third quarter. Wilmington Savings Fund Society FSB now owns 1,736 shares of the construction company’s stock valued at $229,000 after acquiring an additional 94 shares during the period. 89.90% of the stock is currently owned by institutional investors.

PulteGroup Price Performance

Shares of NYSE PHM opened at $139.95 on Friday. The stock has a market cap of $26.92 billion, a P/E ratio of 12.59, a P/E/G ratio of 1.63 and a beta of 1.33. The firm’s 50-day simple moving average is $127.90 and its 200 day simple moving average is $127.07. PulteGroup, Inc. has a fifty-two week low of $88.07 and a fifty-two week high of $144.49. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 0.13.

PulteGroup Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, April 2nd. Investors of record on Tuesday, March 17th will be paid a dividend of $0.26 per share. This represents a $1.04 dividend on an annualized basis and a dividend yield of 0.7%. The ex-dividend date is Tuesday, March 17th. PulteGroup’s dividend payout ratio (DPR) is currently 9.35%.

Insider Transactions at PulteGroup

In related news, insider Ryan Marshall sold 111,250 shares of the firm’s stock in a transaction dated Thursday, February 5th. The stock was sold at an average price of $133.86, for a total transaction of $14,891,925.00. Following the completion of the transaction, the insider owned 659,392 shares of the company’s stock, valued at $88,266,213.12. This trade represents a 14.44% 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, VP Brien P. O’meara sold 4,000 shares of PulteGroup stock in a transaction dated Friday, February 6th. The stock was sold at an average price of $135.51, for a total value of $542,040.00. Following the transaction, the vice president directly owned 8,601 shares in the company, valued at approximately $1,165,521.51. The trade was a 31.74% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 144,779 shares of company stock worth $19,432,616 in the last three months. 0.76% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

Several analysts recently issued reports on the company. Wall Street Zen raised PulteGroup from a “sell” rating to a “hold” rating in a report on Sunday, January 11th. The Goldman Sachs Group boosted their price target on shares of PulteGroup from $144.00 to $150.00 and gave the company a “neutral” rating in a report on Tuesday, February 17th. Evercore upped their price target on shares of PulteGroup from $134.00 to $143.00 in a research report on Friday, January 30th. Raymond James Financial reiterated an “outperform” rating and issued a $145.00 price objective on shares of PulteGroup in a research report on Wednesday, February 4th. Finally, Oppenheimer reissued an “outperform” rating and set a $149.00 target price (up from $140.00) on shares of PulteGroup in a research note on Friday, January 30th. Nine analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, PulteGroup currently has a consensus rating of “Moderate Buy” and a consensus target price of $140.62.

PulteGroup 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.