PulteGroup, Inc. (NYSE:PHM) Holdings Decreased by Winslow Asset Management Inc.

Winslow Asset Management Inc. decreased its holdings in shares of PulteGroup, Inc. (NYSE:PHM) by 6.4% during the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 243,836 shares of the construction company’s stock after selling 16,659 shares during the period. PulteGroup makes up approximately 5.3% of Winslow Asset Management Inc.’s investment portfolio, making the stock its 2nd largest holding. Winslow Asset Management Inc. owned 0.12% of PulteGroup worth $26,554,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of PHM. Fortitude Family Office LLC lifted its holdings in shares of PulteGroup by 115.1% during the third quarter. Fortitude Family Office LLC now owns 185 shares of the construction company’s stock worth $27,000 after purchasing an additional 99 shares during the period. Transcendent Capital Group LLC acquired a new stake in shares of PulteGroup during the third quarter worth about $29,000. Hager Investment Management Services LLC acquired a new stake in shares of PulteGroup during the fourth quarter worth about $29,000. R Squared Ltd acquired a new position in PulteGroup in the fourth quarter valued at approximately $39,000. Finally, JNBA Financial Advisors acquired a new position in PulteGroup in the third quarter valued at approximately $43,000. Institutional investors and hedge funds own 89.90% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on PHM shares. Wells Fargo & Company decreased their price target on PulteGroup from $165.00 to $140.00 and set an “overweight” rating for the company in a report on Tuesday, December 17th. The Goldman Sachs Group decreased their price target on PulteGroup from $140.00 to $124.00 and set a “neutral” rating for the company in a report on Tuesday, January 14th. Citigroup decreased their price target on PulteGroup from $146.00 to $119.00 and set a “neutral” rating for the company in a report on Monday, January 6th. Wedbush reissued an “outperform” rating and issued a $135.00 price target on shares of PulteGroup in a report on Friday, January 31st. Finally, StockNews.com downgraded PulteGroup from a “buy” rating to a “hold” rating in a report on Wednesday, December 11th. One analyst has rated the stock with a sell rating, six have assigned a hold rating and eleven have issued a buy rating to the stock. Based on data from MarketBeat.com, PulteGroup presently has a consensus rating of “Moderate Buy” and a consensus price target of $140.86.

PulteGroup Stock Down 2.6 %

Shares of PHM opened at $103.04 on Friday. The company has a debt-to-equity ratio of 0.13, a quick ratio of 0.86 and a current ratio of 0.86. PulteGroup, Inc. has a one year low of $101.13 and a one year high of $149.47. The stock has a market capitalization of $20.86 billion, a price-to-earnings ratio of 7.00, a PEG ratio of 0.29 and a beta of 1.68. The stock has a 50 day moving average price of $110.87 and a 200 day moving average price of $125.36.

PulteGroup (NYSE:PHM) last issued its quarterly earnings results on Thursday, January 30th. The construction company reported $3.50 EPS for the quarter, topping the consensus estimate of $3.28 by $0.22. PulteGroup had a return on equity of 24.43% and a net margin of 17.18%. Equities research analysts forecast that PulteGroup, Inc. will post 12.32 earnings per share for the current fiscal year.

PulteGroup Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, April 2nd. Shareholders of record on Tuesday, March 18th will be issued a $0.22 dividend. This represents a $0.88 annualized dividend and a yield of 0.85%. The ex-dividend date is Tuesday, March 18th. PulteGroup’s payout ratio is currently 5.98%.

PulteGroup announced that its Board of Directors has initiated a stock buyback plan on Thursday, January 30th that authorizes the company to repurchase $1.50 billion in shares. This repurchase authorization authorizes the construction company to repurchase up to 6.2% of its stock through open market purchases. Stock repurchase plans are often an indication that the company’s leadership believes its shares are undervalued.

Insider Buying and Selling at PulteGroup

In other PulteGroup news, Director Brian P. Anderson sold 2,500 shares of the company’s stock in a transaction on Monday, February 10th. The stock was sold at an average price of $106.45, for a total value of $266,125.00. Following the completion of the sale, the director now directly owns 56,617 shares in the company, valued at $6,026,879.65. This represents a 4.23 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Todd N. Sheldon sold 15,191 shares of the company’s stock in a transaction on Thursday, February 13th. The shares were sold at an average price of $106.50, for a total value of $1,617,841.50. Following the completion of the sale, the executive vice president now owns 74,758 shares of the company’s stock, valued at approximately $7,961,727. The trade was a 16.89 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 21,191 shares of company stock worth $2,256,367 in the last three months. 0.83% of the stock is owned by corporate insiders.

PulteGroup Profile

PulteGroup, Inc, through its subsidiaries, primarily engages in the homebuilding business in the United States. It acquires and develops land primarily for residential purposes; and constructs housing on such land. The company also offers various home designs, including single-family detached, townhomes, condominiums, and duplexes under the Centex, Pulte Homes, Del Webb, DiVosta Homes, John Wieland Homes and Neighborhoods, and American West brand names.