PulteGroup, Inc. (NYSE:PHM) is Winslow Asset Management Inc.’s 2nd Largest Position

Winslow Asset Management Inc. cut its holdings in shares of PulteGroup, Inc. (NYSE:PHM) by 6.4% in the fourth quarter, HoldingsChannel.com reports. The firm owned 243,836 shares of the construction company’s stock after selling 16,659 shares during the quarter. PulteGroup accounts for about 5.3% of Winslow Asset Management Inc.’s investment portfolio, making the stock its 2nd largest holding. Winslow Asset Management Inc.’s holdings in PulteGroup were worth $26,554,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. Logan Capital Management Inc. raised its position in PulteGroup by 67.7% in the 3rd quarter. Logan Capital Management Inc. now owns 14,797 shares of the construction company’s stock valued at $2,124,000 after purchasing an additional 5,976 shares in the last quarter. Sanctuary Advisors LLC raised its position in PulteGroup by 38.1% in the 3rd quarter. Sanctuary Advisors LLC now owns 121,299 shares of the construction company’s stock valued at $17,410,000 after purchasing an additional 33,472 shares in the last quarter. Trustmark National Bank Trust Department raised its position in PulteGroup by 39.8% in the 3rd quarter. Trustmark National Bank Trust Department now owns 39,589 shares of the construction company’s stock valued at $5,682,000 after purchasing an additional 11,269 shares in the last quarter. Systematic Financial Management LP raised its position in PulteGroup by 3.9% in the 3rd quarter. Systematic Financial Management LP now owns 130,257 shares of the construction company’s stock valued at $18,696,000 after purchasing an additional 4,840 shares in the last quarter. Finally, Nilsine Partners LLC raised its position in PulteGroup by 929.2% in the 4th quarter. Nilsine Partners LLC now owns 20,574 shares of the construction company’s stock valued at $2,240,000 after purchasing an additional 18,575 shares in the last quarter. 89.90% of the stock is currently owned by hedge funds and other institutional investors.

PulteGroup Trading Down 2.6 %

Shares of PHM stock opened at $103.04 on Friday. The business’s 50 day moving average is $110.87 and its two-hundred day moving average is $125.36. PulteGroup, Inc. has a twelve month low of $101.13 and a twelve month high of $149.47. The company has a market capitalization of $20.86 billion, a P/E ratio of 7.00, a price-to-earnings-growth ratio of 0.29 and a beta of 1.68. The company has a current ratio of 0.86, a quick ratio of 0.86 and a debt-to-equity ratio of 0.13.

PulteGroup (NYSE:PHM) last announced its earnings results on Thursday, January 30th. The construction company reported $3.50 earnings per share for the quarter, beating 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%. Equities analysts forecast that PulteGroup, Inc. will post 12.32 EPS for the current year.

PulteGroup Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, April 2nd. Stockholders of record on Tuesday, March 18th will be issued a $0.22 dividend. The ex-dividend date 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 announced that its board has approved a stock repurchase plan on Thursday, January 30th that allows the company to repurchase $1.50 billion in shares. This repurchase authorization allows the construction company to repurchase up to 6.2% of its shares through open market purchases. Shares repurchase plans are generally a sign that the company’s board of directors believes its shares are undervalued.

Analyst Ratings Changes

A number of research firms have issued reports on PHM. StockNews.com lowered PulteGroup from a “buy” rating to a “hold” rating in a research report on Wednesday, December 11th. Barclays dropped 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. Oppenheimer dropped their price objective on PulteGroup from $165.00 to $150.00 and set an “outperform” rating on the stock in a report on Friday, January 31st. JPMorgan Chase & Co. dropped 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. Finally, Seaport Res Ptn downgraded PulteGroup from a “hold” rating to a “strong sell” rating in a report on Monday, January 27th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and eleven have issued a buy rating to the stock. According to data from MarketBeat, PulteGroup currently has a consensus rating of “Moderate Buy” and a consensus target price of $140.86.

Insider Activity

In other news, EVP Todd N. Sheldon sold 15,191 shares of the firm’s stock in a transaction that occurred on Thursday, February 13th. The stock was sold at an average price of $106.50, for a total value of $1,617,841.50. Following the completion of the sale, the executive vice president now directly owns 74,758 shares of the company’s stock, valued at $7,961,727. This trade represents a 16.89 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Brian P. Anderson sold 2,500 shares of the firm’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 $6,026,879.65. This represents a 4.23 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 21,191 shares of company stock valued at $2,256,367 in the last three months. 0.83% of the stock is currently owned by company insiders.

PulteGroup Company 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.