Schroder Investment Management Group Raises Stake in PulteGroup, Inc. $PHM

Schroder Investment Management Group boosted its stake in PulteGroup, Inc. (NYSE:PHM) by 27.0% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 192,211 shares of the construction company’s stock after purchasing an additional 40,855 shares during the quarter. Schroder Investment Management Group owned approximately 0.10% of PulteGroup worth $25,591,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also added to or reduced their stakes in the stock. Twin Peaks Wealth Advisors LLC bought a new position in shares of PulteGroup in the second quarter valued at approximately $32,000. Rexford Capital Inc. purchased a new position in PulteGroup during the second quarter valued at approximately $35,000. Private Wealth Management Group LLC increased its holdings in PulteGroup by 281.7% during the 3rd quarter. Private Wealth Management Group LLC now owns 271 shares of the construction company’s stock worth $36,000 after acquiring an additional 200 shares during the period. True Wealth Design LLC lifted its stake in PulteGroup by 229.6% in the 3rd quarter. True Wealth Design LLC now owns 356 shares of the construction company’s stock worth $47,000 after purchasing an additional 248 shares in the last quarter. Finally, SJS Investment Consulting Inc. lifted its stake in PulteGroup by 1,423.1% in the 3rd quarter. SJS Investment Consulting Inc. now owns 396 shares of the construction company’s stock worth $52,000 after purchasing an additional 370 shares in the last quarter. Hedge funds and other institutional investors own 89.90% of the company’s stock.

Insider Buying and Selling at PulteGroup

In other news, EVP Kevin A. Henry sold 5,173 shares of the stock in a transaction dated Tuesday, February 24th. The stock was sold at an average price of $141.03, for a total transaction of $729,548.19. Following the transaction, the executive vice president directly owned 14,673 shares in the company, valued at approximately $2,069,333.19. This represents a 26.07% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, COO Matthew William Koart sold 15,309 shares of the stock in a transaction dated Friday, February 6th. The shares were sold at an average price of $135.79, for a total value of $2,078,809.11. Following the transaction, the chief operating officer owned 42,418 shares in the company, valued at $5,759,940.22. This trade represents a 26.52% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders have sold 149,952 shares of company stock valued at $20,162,165. 0.76% of the stock is currently owned by company insiders.

PulteGroup Price Performance

Shares of NYSE:PHM opened at $120.32 on Friday. The company’s fifty day moving average price is $131.06 and its 200-day moving average price is $127.59. The firm has a market capitalization of $23.14 billion, a price-to-earnings ratio of 10.82, a PEG ratio of 1.43 and a beta of 1.32. PulteGroup, Inc. has a one year low of $88.07 and a one year high of $144.49. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.01 and a quick ratio of 1.01.

PulteGroup Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, April 2nd. Shareholders of record on Tuesday, March 17th will be given a dividend of $0.26 per share. The ex-dividend date is Tuesday, March 17th. This represents a $1.04 dividend on an annualized basis and a yield of 0.9%. PulteGroup’s dividend payout ratio (DPR) is presently 9.35%.

Analyst Ratings Changes

A number of research analysts have recently commented on the stock. UBS Group restated a “buy” rating on shares of PulteGroup in a research report on Thursday. Weiss Ratings upgraded PulteGroup from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Monday, January 12th. The Goldman Sachs Group lifted their price objective on PulteGroup from $144.00 to $150.00 and gave the company a “neutral” rating in a research note on Tuesday, February 17th. Royal Bank Of Canada boosted their target price on PulteGroup from $111.00 to $115.00 and gave the stock a “sector perform” rating in a research report on Friday, January 30th. Finally, Citizens Jmp started coverage on PulteGroup in a research note on Wednesday, January 7th. They issued a “market outperform” rating and a $145.00 target price on the stock. One analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating, six have given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, PulteGroup presently has a consensus rating of “Moderate Buy” and an average target price of $142.71.

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.