Harvest Fund Management Co. Ltd Has $156,000 Stock Position in PulteGroup, Inc. (NYSE:PHM)

Harvest Fund Management Co. Ltd decreased its stake in shares of PulteGroup, Inc. (NYSE:PHM) by 75.9% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 1,433 shares of the construction company’s stock after selling 4,508 shares during the quarter. Harvest Fund Management Co. Ltd’s holdings in PulteGroup were worth $156,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in PHM. Thrivent Financial for Lutherans increased its holdings in shares of PulteGroup by 6.3% during the 3rd quarter. Thrivent Financial for Lutherans now owns 19,524 shares of the construction company’s stock worth $2,803,000 after acquiring an additional 1,160 shares during the last quarter. B. Metzler seel. Sohn & Co. Holding AG acquired a new position in shares of PulteGroup during the 3rd quarter worth approximately $788,000. PNC Financial Services Group Inc. increased its holdings in shares of PulteGroup by 6.1% during the 3rd quarter. PNC Financial Services Group Inc. now owns 36,152 shares of the construction company’s stock worth $5,189,000 after acquiring an additional 2,067 shares during the last quarter. Commerce Bank increased its holdings in shares of PulteGroup by 4.5% during the 3rd quarter. Commerce Bank now owns 25,687 shares of the construction company’s stock worth $3,687,000 after acquiring an additional 1,116 shares during the last quarter. Finally, Advisors Asset Management Inc. increased its holdings in shares of PulteGroup by 29.1% during the 3rd quarter. Advisors Asset Management Inc. now owns 4,660 shares of the construction company’s stock worth $669,000 after acquiring an additional 1,050 shares during the last quarter. 89.90% of the stock is owned by institutional investors and hedge funds.

PulteGroup Price Performance

Shares of PHM stock opened at $103.04 on Friday. The company has a quick ratio of 0.86, a current ratio of 0.86 and a debt-to-equity ratio of 0.13. PulteGroup, Inc. has a twelve month low of $100.35 and a twelve month high of $149.47. The company has a market cap of $20.86 billion, a P/E ratio of 7.00, a P/E/G ratio of 0.29 and a beta of 1.71. The business has a fifty day simple moving average of $108.54 and a 200 day simple moving average of $122.21.

PulteGroup (NYSE:PHM) last announced its quarterly earnings data on Thursday, January 30th. The construction company reported $3.50 earnings per share 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%. On average, sell-side analysts forecast that PulteGroup, Inc. will post 12.32 EPS for the current fiscal year.

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 given a dividend of $0.22 per share. The ex-dividend date of this dividend is Tuesday, March 18th. This represents a $0.88 annualized dividend and a dividend yield of 0.85%. PulteGroup’s dividend payout ratio is currently 5.98%.

PulteGroup declared that its board has approved a stock repurchase plan on Thursday, January 30th that permits the company to repurchase $1.50 billion in shares. This repurchase authorization permits the construction company to repurchase up to 6.2% of its stock through open market purchases. Stock repurchase plans are usually a sign that the company’s management believes its shares are undervalued.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on the company. Seaport Res Ptn raised PulteGroup from a “strong sell” rating to a “hold” rating in a report on Thursday, March 6th. Wells Fargo & Company decreased their price objective on PulteGroup from $165.00 to $140.00 and set an “overweight” rating on the stock in a report on Tuesday, December 17th. Barclays decreased their price objective on PulteGroup from $125.00 to $117.00 and set an “equal weight” rating on the stock in a report on Friday, January 31st. The Goldman Sachs Group decreased their price objective on PulteGroup from $140.00 to $124.00 and set a “neutral” rating on the stock in a report on Tuesday, January 14th. Finally, JPMorgan Chase & Co. decreased their price objective on PulteGroup from $162.00 to $155.00 and set an “overweight” rating on the stock in a report on Friday, December 13th. Seven equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. According to MarketBeat.com, PulteGroup has an average rating of “Moderate Buy” and an average target price of $140.86.

Insider Buying and Selling

In other PulteGroup news, Director Brian P. Anderson sold 2,500 shares of the 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 transaction, the director now directly owns 56,617 shares in the company, valued at approximately $6,026,879.65. This trade represents a 4.23 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, VP Brien P. O’meara sold 3,500 shares of the stock in a transaction dated Thursday, February 13th. The shares were sold at an average price of $106.40, for a total value of $372,400.00. Following the completion of the transaction, the vice president now owns 11,372 shares of the company’s stock, valued at $1,209,980.80. This represents a 23.53 % 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 ninety days. 0.83% of the stock is owned by insiders.

About PulteGroup

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.