Guggenheim Capital LLC raised its position in PulteGroup, Inc. (NYSE:PHM) by 31.9% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,150,291 shares of the construction company’s stock after acquiring an additional 520,436 shares during the quarter. Guggenheim Capital LLC owned 0.75% of PulteGroup worth $71,496,000 at the end of the most recent quarter.
Other large investors have also recently modified their holdings of the company. Kemnay Advisory Services Inc. grew its position in shares of PulteGroup by 28.7% during the fourth quarter. Kemnay Advisory Services Inc. now owns 38,464 shares of the construction company’s stock worth $1,279,000 after buying an additional 8,582 shares in the last quarter. Brandywine Global Investment Management LLC grew its position in shares of PulteGroup by 3.6% during the fourth quarter. Brandywine Global Investment Management LLC now owns 368,272 shares of the construction company’s stock worth $12,246,000 after buying an additional 12,783 shares in the last quarter. Jefferies Group LLC grew its position in shares of PulteGroup by 215.3% during the fourth quarter. Jefferies Group LLC now owns 179,415 shares of the construction company’s stock worth $5,966,000 after buying an additional 122,519 shares in the last quarter. Caxton Associates LP acquired a new stake in shares of PulteGroup during the fourth quarter worth approximately $1,028,000. Finally, Advisor Group Inc. grew its position in shares of PulteGroup by 11.0% during the fourth quarter. Advisor Group Inc. now owns 44,910 shares of the construction company’s stock worth $1,493,000 after buying an additional 4,448 shares in the last quarter. 85.54% of the stock is owned by institutional investors.
In related news, Director Patrick J. Oleary sold 8,677 shares of the firm’s stock in a transaction on Wednesday, February 21st. The stock was sold at an average price of $30.03, for a total transaction of $260,570.31. Following the transaction, the director now directly owns 90,687 shares in the company, valued at $2,723,330.61. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 0.71% of the company’s stock.
PulteGroup, Inc. (PHM) opened at $30.04 on Monday. PulteGroup, Inc. has a one year low of $21.41 and a one year high of $35.21. The stock has a market capitalization of $8,605.41, a price-to-earnings ratio of 13.47, a P/E/G ratio of 0.47 and a beta of 1.12.
PulteGroup (NYSE:PHM) last announced its quarterly earnings data on Tuesday, January 30th. The construction company reported $0.85 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.85. PulteGroup had a return on equity of 15.52% and a net margin of 5.22%. The firm had revenue of $2.79 billion for the quarter, compared to analysts’ expectations of $2.82 billion. During the same period last year, the business posted $0.67 earnings per share. The firm’s revenue for the quarter was up 12.1% on a year-over-year basis. sell-side analysts forecast that PulteGroup, Inc. will post 3.11 EPS for the current fiscal year.
PulteGroup declared that its Board of Directors has initiated a stock buyback program on Tuesday, January 30th that permits the company to buyback $500.00 million in outstanding shares. This buyback authorization permits the construction company to purchase shares of its stock through open market purchases. Stock buyback programs are typically a sign that the company’s board of directors believes its stock is undervalued.
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 3rd. Investors of record on Friday, March 16th will be paid a dividend of $0.09 per share. This represents a $0.36 annualized dividend and a yield of 1.20%. The ex-dividend date is Thursday, March 15th. PulteGroup’s dividend payout ratio (DPR) is presently 25.00%.
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PulteGroup, Inc is a homebuilder in the United States. The Company’s segments include Homebuilding and Financial Services. Its Homebuilding operations are engaged in the acquisition and development of land primarily for residential purposes within the United States and the construction of housing on such land.
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