California State Teachers Retirement System decreased its position in PulteGroup, Inc. (NYSE:PHM) by 4.2% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 464,700 shares of the construction company’s stock after selling 20,442 shares during the quarter. California State Teachers Retirement System owned 0.16% of PulteGroup worth $15,451,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other large investors have also recently added to or reduced their stakes in the company. Focused Wealth Management Inc bought a new stake in PulteGroup in the 4th quarter worth approximately $113,000. Invictus RG increased its stake in PulteGroup by 1,473.4% in the 3rd quarter. Invictus RG now owns 4,264 shares of the construction company’s stock worth $117,000 after acquiring an additional 3,993 shares during the last quarter. SeaCrest Wealth Management LLC bought a new position in shares of PulteGroup during the 4th quarter valued at approximately $119,000. National Pension Service bought a new position in shares of PulteGroup during the 4th quarter valued at approximately $138,000. Finally, Fieldpoint Private Securities LLC bought a new position in shares of PulteGroup during the 3rd quarter valued at approximately $150,000. 85.34% of the stock is currently owned by institutional investors and hedge funds.
In other PulteGroup news, Director Patrick J. Oleary sold 8,677 shares of the company’s stock in a transaction on Wednesday, February 21st. The stock was sold at an average price of $30.03, for a total value of $260,570.31. Following the transaction, the director now owns 90,687 shares of the company’s stock, valued at approximately $2,723,330.61. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 0.71% of the company’s stock.
PulteGroup stock opened at $29.39 on Thursday. The company has a market capitalization of $8,336.13, a price-to-earnings ratio of 20.41, a price-to-earnings-growth ratio of 0.46 and a beta of 1.12. PulteGroup, Inc. has a 12-month low of $21.41 and a 12-month high of $35.21.
PulteGroup (NYSE:PHM) last announced its quarterly earnings data on Tuesday, January 30th. The construction company reported $0.85 EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.85. The company had revenue of $2.79 billion for the quarter, compared to the consensus estimate of $2.82 billion. PulteGroup had a return on equity of 15.52% and a net margin of 5.22%. PulteGroup’s quarterly revenue was up 12.1% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.67 EPS. equities analysts predict that PulteGroup, Inc. will post 3.11 earnings per share for the current year.
PulteGroup announced that its Board of Directors has authorized a stock buyback program on Tuesday, January 30th that permits the company to repurchase $500.00 million in shares. This repurchase authorization permits the construction company to purchase shares of its stock through open market purchases. Stock repurchase programs are generally a sign that the company’s management believes its shares are undervalued.
The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 3rd. Shareholders of record on Friday, March 16th will be given a $0.09 dividend. This represents a $0.36 annualized dividend and a yield of 1.22%. The ex-dividend date of this dividend is Thursday, March 15th. PulteGroup’s dividend payout ratio (DPR) is presently 25.00%.
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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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