BI Asset Management Fondsmaeglerselskab A S Has $900,000 Stock Position in PulteGroup, Inc. $PHM

BI Asset Management Fondsmaeglerselskab A S lessened its holdings in PulteGroup, Inc. (NYSE:PHM) by 68.6% during the fourth quarter, HoldingsChannel reports. The fund owned 7,676 shares of the construction company’s stock after selling 16,763 shares during the quarter. BI Asset Management Fondsmaeglerselskab A S’s holdings in PulteGroup were worth $900,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Focus Partners Wealth increased its stake in PulteGroup by 20.5% in the 1st quarter. Focus Partners Wealth now owns 12,517 shares of the construction company’s stock valued at $1,287,000 after buying an additional 2,128 shares during the last quarter. EverSource Wealth Advisors LLC increased its stake in PulteGroup by 197.1% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,212 shares of the construction company’s stock valued at $128,000 after buying an additional 804 shares during the last quarter. Guggenheim Capital LLC increased its stake in PulteGroup by 12.9% in the 2nd quarter. Guggenheim Capital LLC now owns 8,519 shares of the construction company’s stock valued at $898,000 after buying an additional 975 shares during the last quarter. Baird Financial Group Inc. increased its stake in PulteGroup by 8.0% in the 2nd quarter. Baird Financial Group Inc. now owns 29,060 shares of the construction company’s stock valued at $3,065,000 after buying an additional 2,164 shares during the last quarter. Finally, Cerity Partners LLC increased its stake in PulteGroup by 17.6% in the 2nd quarter. Cerity Partners LLC now owns 41,677 shares of the construction company’s stock valued at $4,395,000 after buying an additional 6,240 shares during the last quarter. Institutional investors and hedge funds own 89.90% of the company’s stock.

Insider Activity at PulteGroup

In related news, COO Matthew William Koart sold 7,457 shares of the firm’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 value of $894,840.00. Following the completion of the transaction, the chief operating officer directly owned 28,100 shares of the company’s stock, valued at approximately $3,372,000. This trade represents a 20.97% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Lila Snyder sold 3,339 shares of the firm’s stock in a transaction that occurred on Friday, May 8th. The stock was sold at an average price of $117.18, for a total transaction of $391,264.02. Following the completion of the transaction, the director directly owned 3,540 shares of the company’s stock, valued at approximately $414,817.20. This trade represents a 48.54% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 0.75% of the stock is currently owned by company insiders.

PulteGroup Stock Down 3.3%

PHM opened at $118.74 on Thursday. The company has a 50 day moving average of $119.36 and a 200 day moving average of $124.16. The company has a market cap of $22.62 billion, a PE ratio of 11.48, a price-to-earnings-growth ratio of 1.56 and a beta of 1.20. PulteGroup, Inc. has a 12 month low of $98.27 and a 12 month high of $144.49. The company has a current ratio of 0.94, a quick ratio of 0.94 and a debt-to-equity ratio of 0.14.

PulteGroup (NYSE:PHM) last released its quarterly earnings data on Thursday, April 23rd. The construction company reported $1.79 EPS for the quarter, missing the consensus estimate of $1.80 by ($0.01). The business had revenue of $3.41 billion during the quarter, compared to the consensus estimate of $3.40 billion. PulteGroup had a return on equity of 16.41% and a net margin of 12.14%.The firm’s quarterly revenue was down 12.4% on a year-over-year basis. During the same period last year, the business posted $2.57 earnings per share. On average, sell-side analysts expect that PulteGroup, Inc. will post 10 EPS for the current year.

PulteGroup announced that its board has initiated a stock buyback program on Thursday, April 23rd that permits the company to repurchase $1.50 billion in outstanding shares. This repurchase authorization permits the construction company to repurchase up to 6.1% of its stock through open market purchases. Stock repurchase programs are generally a sign that the company’s board of directors believes its stock is undervalued.

PulteGroup Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, July 2nd. Investors of record on Tuesday, June 16th will be issued a $0.26 dividend. The ex-dividend date of this dividend is Tuesday, June 16th. This represents a $1.04 annualized dividend and a yield of 0.9%. PulteGroup’s dividend payout ratio (DPR) is 10.06%.

Analyst Ratings Changes

Several equities research analysts have commented on the stock. Evercore increased their price objective on shares of PulteGroup from $146.00 to $151.00 and gave the company an “outperform” rating in a research note on Friday, April 24th. Weiss Ratings lowered shares of PulteGroup from a “buy (b-)” rating to a “hold (c)” rating in a research note on Monday, April 27th. The Goldman Sachs Group increased their price objective on shares of PulteGroup from $133.00 to $142.00 and gave the company a “neutral” rating in a research note on Friday, April 24th. Truist Financial decreased their price objective on shares of PulteGroup from $170.00 to $150.00 and set a “buy” rating for the company in a research note on Thursday, April 16th. Finally, UBS Group increased their price objective on shares of PulteGroup from $159.00 to $162.00 and gave the company a “buy” rating in a research note on Friday, April 24th. Ten research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company. According to data from MarketBeat, PulteGroup presently has a consensus rating of “Moderate Buy” and a consensus target price of $140.71.

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.