Marshall Wace North America L.P. Acquires Shares of 97,100 PulteGroup, Inc. (PHM)

Marshall Wace North America L.P. acquired a new position in shares of PulteGroup, Inc. (NYSE:PHM) during the first quarter, according to its most recent disclosure with the SEC. The firm acquired 97,100 shares of the construction company’s stock, valued at approximately $2,330,000.

Other large investors have also recently made changes to their positions in the company. Trust Department MB Financial Bank N A purchased a new stake in shares of PulteGroup during the first quarter worth approximately $129,000. IFP Advisors Inc boosted its stake in shares of PulteGroup by 12.0% in the first quarter. IFP Advisors Inc now owns 5,959 shares of the construction company’s stock worth $140,000 after buying an additional 638 shares during the period. Northwestern Mutual Wealth Management Co. boosted its stake in shares of PulteGroup by 12.4% in the first quarter. Northwestern Mutual Wealth Management Co. now owns 6,380 shares of the construction company’s stock worth $150,000 after buying an additional 702 shares during the period. Ameritas Investment Partners Inc. purchased a new stake in shares of PulteGroup during the first quarter worth approximately $155,000. Finally, Acadian Asset Management LLC purchased a new stake in shares of PulteGroup during the first quarter worth approximately $197,000. 87.76% of the stock is owned by hedge funds and other institutional investors.

Institutional Ownership by Quarter for PulteGroup (NYSE:PHM)

Shares of PulteGroup, Inc. (PHM) opened at 24.15 on Friday. PulteGroup, Inc. has a one year low of $17.69 and a one year high of $24.73. The company has a market capitalization of $7.62 billion, a price-to-earnings ratio of 13.34 and a beta of 1.21. The company’s 50-day moving average price is $23.14 and its 200-day moving average price is $21.85.

PulteGroup (NYSE:PHM) last issued its earnings results on Tuesday, April 25th. The construction company reported $0.31 EPS for the quarter, beating the consensus estimate of $0.29 by $0.02. PulteGroup had a return on equity of 12.74% and a net margin of 7.77%. The business had revenue of $1.63 billion for the quarter, compared to the consensus estimate of $1.77 billion. During the same period last year, the business posted $0.24 EPS. The company’s revenue was up 13.7% compared to the same quarter last year. On average, equities research analysts predict that PulteGroup, Inc. will post $2.24 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, July 5th. Shareholders of record on Thursday, June 8th will be paid a dividend of $0.09 per share. The ex-dividend date of this dividend is Tuesday, June 6th. This represents a $0.36 annualized dividend and a yield of 1.49%. PulteGroup’s dividend payout ratio is 19.78%.

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A number of equities research analysts have commented on the company. BidaskClub raised PulteGroup from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, June 14th. Zacks Investment Research raised PulteGroup from a “hold” rating to a “buy” rating and set a $26.00 price objective for the company in a research note on Wednesday, April 26th. Mizuho assumed coverage on PulteGroup in a research note on Tuesday, May 16th. They issued a “neutral” rating and a $22.00 price objective for the company. Credit Suisse Group assumed coverage on PulteGroup in a research note on Thursday. They issued an “outperform” rating and a $27.00 price objective for the company. Finally, Barclays PLC reissued an “overweight” rating and issued a $24.00 price objective (up previously from $23.00) on shares of PulteGroup in a research note on Tuesday, March 7th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus target price of $23.64.

In other PulteGroup news, Director Brian P. Anderson sold 14,000 shares of the stock in a transaction on Tuesday, June 6th. The stock was sold at an average price of $23.18, for a total transaction of $324,520.00. Following the sale, the director now directly owns 108,744 shares in the company, valued at approximately $2,520,685.92. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider James L. Ossowski sold 5,000 shares of the stock in a transaction on Wednesday, April 5th. The shares were sold at an average price of $23.45, for a total value of $117,250.00. Following the sale, the insider now owns 31,936 shares in the company, valued at $748,899.20. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 191,000 shares of company stock worth $4,582,230. Company insiders own 0.71% of the company’s stock.

PulteGroup Company Profile

PulteGroup, Inc is a homebuilder in the United States. The Company’s segments include Homebuilding and Financial Services. Its Homebuilding operations are engaged in the acquisition and development of land primarily for residential purposes within the United States and the construction of housing on such land.

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