PulteGroup, Inc. (NYSE:PHM) Shares Purchased by NatWest Group plc

NatWest Group plc boosted its stake in PulteGroup, Inc. (NYSE:PHM) by 0.8% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 62,547 shares of the construction company’s stock after acquiring an additional 525 shares during the quarter. PulteGroup comprises about 2.0% of NatWest Group plc’s holdings, making the stock its 20th largest holding. NatWest Group plc’s holdings in PulteGroup were worth $6,811,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. Generate Investment Management Ltd grew its stake in shares of PulteGroup by 13.2% during the fourth quarter. Generate Investment Management Ltd now owns 113,497 shares of the construction company’s stock valued at $12,360,000 after acquiring an additional 13,203 shares in the last quarter. Lecap Asset Management Ltd. acquired a new stake in PulteGroup during the 4th quarter valued at approximately $2,257,000. Golden State Wealth Management LLC purchased a new stake in PulteGroup during the 4th quarter worth approximately $85,000. Sumitomo Mitsui DS Asset Management Company Ltd raised its position in shares of PulteGroup by 1.2% in the 4th quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 22,458 shares of the construction company’s stock valued at $2,446,000 after purchasing an additional 277 shares in the last quarter. Finally, Measured Wealth Private Client Group LLC boosted its stake in shares of PulteGroup by 70.5% during the 4th quarter. Measured Wealth Private Client Group LLC now owns 2,893 shares of the construction company’s stock valued at $315,000 after buying an additional 1,196 shares during the last quarter. Hedge funds and other institutional investors own 89.90% of the company’s stock.

PulteGroup Stock Performance

Shares of PHM opened at $105.85 on Friday. The firm has a fifty day moving average of $115.60 and a 200-day moving average of $127.02. The company has a market cap of $21.71 billion, a price-to-earnings ratio of 7.20, a price-to-earnings-growth ratio of 0.29 and a beta of 1.68. The company has a debt-to-equity ratio of 0.13, a quick ratio of 0.73 and a current ratio of 0.86. PulteGroup, Inc. has a 1 year low of $100.24 and a 1 year high of $149.47.

PulteGroup (NYSE:PHM) last posted its earnings results on Thursday, January 30th. The construction company reported $3.50 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.28 by $0.22. PulteGroup had a net margin of 17.18% and a return on equity of 24.43%. As a group, equities analysts anticipate that PulteGroup, Inc. will post 12.43 earnings per share for the current year.

PulteGroup announced that its Board of Directors has authorized a stock repurchase plan on Thursday, January 30th that allows the company to buyback $1.50 billion in outstanding shares. This buyback authorization allows the construction company to buy up to 6.2% of its shares through open market purchases. Shares buyback plans are generally a sign that the company’s board of directors believes its shares are undervalued.

PulteGroup Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 2nd. Investors of record on Tuesday, March 18th will be issued a $0.22 dividend. This represents a $0.88 dividend on an annualized basis and a yield of 0.83%. The ex-dividend date is Tuesday, March 18th. PulteGroup’s dividend payout ratio (DPR) is 5.98%.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on PHM. UBS Group upped their price target on shares of PulteGroup from $148.00 to $151.00 and gave the company a “buy” rating in a report on Friday, January 31st. Wedbush reaffirmed an “outperform” rating and set a $135.00 price target on shares of PulteGroup in a research report on Friday, January 31st. Evercore ISI decreased their price target on PulteGroup from $198.00 to $195.00 and set an “outperform” rating for the company in a research note on Wednesday, October 23rd. Wells Fargo & Company cut their price objective on PulteGroup from $165.00 to $140.00 and set an “overweight” rating on the stock in a research note on Tuesday, December 17th. Finally, The Goldman Sachs Group decreased their target price on PulteGroup from $140.00 to $124.00 and set a “neutral” rating for the company in a research report on Tuesday, January 14th. One investment analyst has rated the stock with a sell rating, six have given a hold rating and eleven have given a buy rating to the stock. Based on data from MarketBeat.com, PulteGroup presently has an average rating of “Moderate Buy” and a consensus target price of $140.86.

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.