Caisse Des Depots ET Consignations Buys New Position in PulteGroup, Inc. (NYSE:PHM)

Caisse Des Depots ET Consignations purchased a new position in shares of PulteGroup, Inc. (NYSE:PHM) during the 4th quarter, Holdings Channel reports. The institutional investor purchased 11,342 shares of the construction company’s stock, valued at approximately $1,235,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Cerity Partners LLC lifted its position in shares of PulteGroup by 11.4% during the third quarter. Cerity Partners LLC now owns 48,399 shares of the construction company’s stock worth $6,947,000 after purchasing an additional 4,970 shares in the last quarter. Kingsview Wealth Management LLC lifted its holdings in PulteGroup by 3.3% in the 3rd quarter. Kingsview Wealth Management LLC now owns 3,586 shares of the construction company’s stock worth $515,000 after buying an additional 113 shares in the last quarter. Algert Global LLC lifted its holdings in PulteGroup by 19.6% in the 3rd quarter. Algert Global LLC now owns 3,633 shares of the construction company’s stock worth $521,000 after buying an additional 596 shares in the last quarter. Hancock Whitney Corp acquired a new stake in shares of PulteGroup during the third quarter valued at about $253,000. Finally, Dai ichi Life Insurance Company Ltd purchased a new stake in shares of PulteGroup during the third quarter worth about $593,000. Hedge funds and other institutional investors own 89.90% of the company’s stock.

PulteGroup Stock Down 0.1 %

PHM stock opened at $105.12 on Friday. The stock has a market cap of $21.28 billion, a PE ratio of 7.15, a price-to-earnings-growth ratio of 0.29 and a beta of 1.71. The firm’s 50-day simple moving average is $107.89 and its 200 day simple moving average is $121.60. PulteGroup, Inc. has a fifty-two week low of $100.35 and a fifty-two week high of $149.47. 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 (NYSE:PHM) last announced its quarterly earnings results on Thursday, January 30th. The construction company reported $3.50 EPS for the quarter, beating the consensus estimate 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, sell-side analysts predict that PulteGroup, Inc. will post 12.32 EPS for the current year.

PulteGroup Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, April 2nd. Shareholders of record on Tuesday, March 18th will be given a dividend of $0.22 per share. The ex-dividend date is Tuesday, March 18th. This represents a $0.88 dividend on an annualized basis and a yield of 0.84%. PulteGroup’s dividend payout ratio (DPR) is presently 5.98%.

PulteGroup announced that its board has approved a share buyback program on Thursday, January 30th that permits the company to repurchase $1.50 billion in outstanding shares. This repurchase authorization permits the construction company to reacquire up to 6.2% of its shares through open market purchases. Shares repurchase programs are generally a sign that the company’s board believes its shares are undervalued.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on PHM shares. Citigroup reduced 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. Bank of America reduced their target price on PulteGroup from $135.00 to $134.00 and set a “buy” rating for the company in a research note on Monday, January 27th. JPMorgan Chase & Co. cut their price target on shares of PulteGroup from $162.00 to $155.00 and set an “overweight” rating on the stock in a report on Friday, December 13th. Barclays reduced their price objective on shares of PulteGroup from $125.00 to $117.00 and set an “equal weight” rating on the stock in a research note on Friday, January 31st. Finally, Wells Fargo & Company dropped their target price on shares of PulteGroup from $165.00 to $140.00 and set an “overweight” rating for the company in a research report on Tuesday, December 17th. Seven equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. Based on data from MarketBeat, PulteGroup currently has an average rating of “Moderate Buy” and an average target price of $140.86.

Insider Transactions at PulteGroup

In other news, Director Brian P. Anderson sold 2,500 shares of the company’s stock in a transaction that occurred on Monday, February 10th. The shares were 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 of the company’s stock, valued at approximately $6,026,879.65. This represents a 4.23 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, VP Brien P. O’meara sold 3,500 shares of the firm’s stock in a transaction that occurred on Thursday, February 13th. The shares were sold at an average price of $106.40, for a total transaction of $372,400.00. Following the transaction, the vice president now owns 11,372 shares in the company, valued at $1,209,980.80. This represents a 23.53 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 21,191 shares of company stock valued at $2,256,367. 0.83% of the stock is currently 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.