Nomura Asset Management Co. Ltd. Buys 369 Shares of PulteGroup, Inc. (NYSE:PHM)

Nomura Asset Management Co. Ltd. increased its position in shares of PulteGroup, Inc. (NYSE:PHM) by 0.4% in the 4th quarter, HoldingsChannel reports. The firm owned 95,439 shares of the construction company’s stock after acquiring an additional 369 shares during the quarter. Nomura Asset Management Co. Ltd.’s holdings in PulteGroup were worth $10,393,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of PHM. Algert Global LLC lifted its holdings in shares of PulteGroup by 19.6% during the 3rd quarter. Algert Global LLC now owns 3,633 shares of the construction company’s stock worth $521,000 after acquiring an additional 596 shares during the period. Townsquare Capital LLC lifted its stake in PulteGroup by 56.9% during the third quarter. Townsquare Capital LLC now owns 7,078 shares of the construction company’s stock worth $1,016,000 after purchasing an additional 2,567 shares during the last quarter. CreativeOne Wealth LLC boosted its holdings in shares of PulteGroup by 31.5% in the 3rd quarter. CreativeOne Wealth LLC now owns 5,784 shares of the construction company’s stock valued at $830,000 after purchasing an additional 1,384 shares in the last quarter. Public Sector Pension Investment Board increased its stake in shares of PulteGroup by 10.2% in the 3rd quarter. Public Sector Pension Investment Board now owns 8,617 shares of the construction company’s stock valued at $1,237,000 after purchasing an additional 800 shares during the last quarter. Finally, Rockefeller Capital Management L.P. raised its holdings in shares of PulteGroup by 8.6% during the 3rd quarter. Rockefeller Capital Management L.P. now owns 42,291 shares of the construction company’s stock worth $6,066,000 after buying an additional 3,343 shares in the last quarter. 89.90% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at PulteGroup

In related news, Director Brian P. Anderson sold 2,500 shares of the business’s stock in a transaction on Monday, February 10th. The shares were sold at an average price of $106.45, for a total transaction of $266,125.00. Following the transaction, the director now owns 56,617 shares in the company, valued at $6,026,879.65. The trade was a 4.23 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Todd N. Sheldon sold 15,191 shares of the stock in a transaction on Thursday, February 13th. The stock was sold at an average price of $106.50, for a total transaction of $1,617,841.50. Following the transaction, the executive vice president now directly owns 74,758 shares in the company, valued at approximately $7,961,727. This represents a 16.89 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 21,191 shares of company stock valued at $2,256,367. 0.76% of the stock is currently owned by company insiders.

PulteGroup Stock Performance

NYSE:PHM opened at $101.76 on Monday. 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 fifty-two week low of $100.35 and a fifty-two week high of $149.47. The company has a 50 day simple moving average of $107.58 and a two-hundred day simple moving average of $121.24. The company has a market capitalization of $20.60 billion, a PE ratio of 6.92, a P/E/G ratio of 0.29 and a beta of 1.71.

PulteGroup (NYSE:PHM) last posted 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 net margin of 17.18% and a return on equity of 24.43%. Research analysts anticipate that PulteGroup, Inc. will post 12.32 earnings per share for the current year.

PulteGroup announced that its Board of Directors has approved a share 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 shares through open market purchases. Shares repurchase plans are often a sign that the company’s board of directors believes its stock is undervalued.

PulteGroup Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 2nd. Stockholders of record on Tuesday, March 18th will be given a $0.22 dividend. This represents a $0.88 annualized dividend and a dividend yield of 0.86%. The ex-dividend date is Tuesday, March 18th. PulteGroup’s dividend payout ratio (DPR) is presently 5.98%.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on the company. The Goldman Sachs Group reduced their price objective on PulteGroup from $140.00 to $124.00 and set a “neutral” rating on the stock in a research note on Tuesday, January 14th. StockNews.com downgraded shares of PulteGroup from a “buy” rating to a “hold” rating in a research note on Wednesday, December 11th. Bank of America lowered their price objective on shares of PulteGroup from $135.00 to $134.00 and set a “buy” rating for the company in a research report on Monday, January 27th. Citigroup cut their target price on shares of PulteGroup from $146.00 to $119.00 and set a “neutral” rating on the stock in a research report on Monday, January 6th. Finally, Oppenheimer lowered their price target on shares of PulteGroup from $165.00 to $150.00 and set an “outperform” rating for the company in a report on Friday, January 31st. Seven equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average 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.