Gulf International Bank UK Ltd Sells 209 Shares of PulteGroup, Inc. (NYSE:PHM)

Gulf International Bank UK Ltd reduced its position in PulteGroup, Inc. (NYSE:PHM) by 1.2% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 17,423 shares of the construction company’s stock after selling 209 shares during the period. Gulf International Bank UK Ltd’s holdings in PulteGroup were worth $1,897,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of PHM. Transcendent Capital Group LLC bought a new position in shares of PulteGroup in the 3rd quarter worth $29,000. Hager Investment Management Services LLC bought a new position in shares of PulteGroup in the 4th quarter worth $29,000. Fortitude Family Office LLC lifted its holdings in shares of PulteGroup by 74.1% in the 4th quarter. Fortitude Family Office LLC now owns 322 shares of the construction company’s stock worth $35,000 after purchasing an additional 137 shares in the last quarter. R Squared Ltd bought a new position in shares of PulteGroup in the 4th quarter worth $39,000. Finally, JNBA Financial Advisors bought a new position in shares of PulteGroup in the 3rd quarter worth $43,000. 89.90% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In related news, Director Brian P. Anderson sold 2,500 shares of PulteGroup stock in a transaction dated 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 owns 56,617 shares of the company’s stock, valued at approximately $6,026,879.65. This trade represents a 4.23 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, EVP Todd N. Sheldon sold 15,191 shares of PulteGroup stock in a transaction dated Thursday, February 13th. The stock was 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 directly owns 74,758 shares of the company’s stock, valued at approximately $7,961,727. This trade represents a 16.89 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 21,191 shares of company stock valued at $2,256,367. 0.83% of the stock is owned by insiders.

PulteGroup Trading Up 0.3 %

Shares of PulteGroup stock opened at $103.23 on Friday. PulteGroup, Inc. has a 1 year low of $100.54 and a 1 year high of $149.47. The firm has a market cap of $20.90 billion, a PE ratio of 7.02, a P/E/G ratio of 0.29 and a beta of 1.68. The stock has a fifty day moving average price of $109.97 and a 200-day moving average price of $124.72. The company has a debt-to-equity ratio of 0.13, a current ratio of 0.86 and a quick ratio of 0.86.

PulteGroup (NYSE:PHM) last announced its earnings results on Thursday, January 30th. The construction company reported $3.50 earnings per share (EPS) for the quarter, beating 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 anticipate that PulteGroup, Inc. will post 12.32 EPS for the current year.

PulteGroup declared that its Board of Directors has approved a stock repurchase program on Thursday, January 30th that authorizes the company to repurchase $1.50 billion in shares. This repurchase authorization authorizes the construction company to buy up to 6.2% of its stock through open market purchases. Stock repurchase programs are generally an indication that the company’s leadership believes its shares are undervalued.

PulteGroup Announces Dividend

The company 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 annualized dividend and a yield of 0.85%. The ex-dividend date of this dividend is Tuesday, March 18th. PulteGroup’s dividend payout ratio (DPR) is currently 5.98%.

Analyst Upgrades and Downgrades

PHM has been the topic of a number of recent research reports. UBS Group increased their target price on PulteGroup from $148.00 to $151.00 and gave the stock a “buy” rating in a report on Friday, January 31st. The Goldman Sachs Group lowered their price target on PulteGroup from $140.00 to $124.00 and set a “neutral” rating for the company in a research report on Tuesday, January 14th. Citigroup lowered their price target on PulteGroup from $146.00 to $119.00 and set a “neutral” rating for the company in a research report on Monday, January 6th. Bank of America lowered their price target on PulteGroup from $135.00 to $134.00 and set a “buy” rating for the company in a research report on Monday, January 27th. Finally, Seaport Res Ptn lowered PulteGroup from a “hold” rating to a “strong sell” rating in a research report on Monday, January 27th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and eleven have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $140.86.

PulteGroup Company 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.