Brandywine Global Investment Management LLC increased its holdings in PulteGroup, Inc. (NYSE:PHM) by 3.6% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 368,272 shares of the construction company’s stock after purchasing an additional 12,783 shares during the quarter. Brandywine Global Investment Management LLC owned approximately 0.13% of PulteGroup worth $12,246,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other hedge funds and other institutional investors have also bought and sold shares of the company. Raymond James Financial Services Advisors Inc. boosted its position in PulteGroup by 27.8% during the 3rd quarter. Raymond James Financial Services Advisors Inc. now owns 16,934 shares of the construction company’s stock valued at $463,000 after acquiring an additional 3,688 shares in the last quarter. Chicago Equity Partners LLC bought a new stake in PulteGroup during the 3rd quarter valued at approximately $465,000. State of Wisconsin Investment Board boosted its position in PulteGroup by 4.6% during the 3rd quarter. State of Wisconsin Investment Board now owns 262,324 shares of the construction company’s stock valued at $7,169,000 after acquiring an additional 11,422 shares in the last quarter. Daiwa Securities Group Inc. boosted its position in PulteGroup by 12.5% during the 3rd quarter. Daiwa Securities Group Inc. now owns 27,455 shares of the construction company’s stock valued at $750,000 after acquiring an additional 3,055 shares in the last quarter. Finally, Jennison Associates LLC bought a new stake in PulteGroup during the 3rd quarter valued at approximately $912,000. 85.54% of the stock is currently owned by institutional investors.
In related news, Director Patrick J. Oleary sold 8,677 shares of the business’s stock in a transaction that occurred on Wednesday, February 21st. The shares were sold at an average price of $30.03, for a total value of $260,570.31. Following the completion of the transaction, the director now directly owns 90,687 shares in the company, valued at approximately $2,723,330.61. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.71% of the stock is owned by insiders.
PulteGroup, Inc. (NYSE:PHM) opened at $30.18 on Tuesday. PulteGroup, Inc. has a 1-year low of $21.41 and a 1-year high of $35.21. The stock has a market cap of $8,650.00, a P/E ratio of 14.65, a PEG ratio of 0.47 and a beta of 1.11.
PulteGroup (NYSE:PHM) last announced its quarterly earnings data on Tuesday, January 30th. The construction company reported $0.85 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.85. PulteGroup had a net margin of 5.22% and a return on equity of 15.52%. The company had revenue of $2.79 billion during the quarter, compared to analyst estimates of $2.82 billion. During the same period in the previous year, the business earned $0.67 EPS. The firm’s revenue for the quarter was up 12.1% on a year-over-year basis. analysts expect that PulteGroup, Inc. will post 3.11 EPS for the current fiscal year.
PulteGroup declared that its Board of Directors has authorized a share repurchase program on Tuesday, January 30th that permits the company to repurchase $500.00 million in shares. This repurchase authorization permits the construction company to repurchase shares of its stock through open market purchases. Stock repurchase programs are often an indication that the company’s leadership believes its shares are 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 issued a $0.09 dividend. The ex-dividend date of this dividend is Thursday, March 15th. This represents a $0.36 dividend on an annualized basis and a yield of 1.19%. PulteGroup’s payout ratio is currently 17.48%.
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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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