Altshuler Shaham Ltd Has $47,000 Stock Holdings in PulteGroup, Inc. (NYSE:PHM)

Altshuler Shaham Ltd decreased its holdings in shares of PulteGroup, Inc. (NYSE:PHM) by 35.7% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 453 shares of the construction company’s stock after selling 251 shares during the period. Altshuler Shaham Ltd’s holdings in PulteGroup were worth $47,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of PHM. Baystate Wealth Management LLC raised its holdings in PulteGroup by 186.5% during the third quarter. Baystate Wealth Management LLC now owns 490 shares of the construction company’s stock worth $36,000 after buying an additional 319 shares during the last quarter. Annis Gardner Whiting Capital Advisors LLC purchased a new stake in shares of PulteGroup in the third quarter valued at about $36,000. Rakuten Securities Inc. purchased a new stake in shares of PulteGroup in the fourth quarter valued at about $37,000. Lindbrook Capital LLC raised its holdings in shares of PulteGroup by 335.6% in the fourth quarter. Lindbrook Capital LLC now owns 379 shares of the construction company’s stock valued at $39,000 after purchasing an additional 292 shares during the last quarter. Finally, ORG Partners LLC raised its holdings in shares of PulteGroup by 3,463.6% in the fourth quarter. ORG Partners LLC now owns 392 shares of the construction company’s stock valued at $40,000 after purchasing an additional 381 shares during the last quarter. Institutional investors and hedge funds own 89.90% of the company’s stock.

PulteGroup Price Performance

Shares of PHM stock traded down $1.14 during trading on Wednesday, hitting $115.81. The company had a trading volume of 1,293,398 shares, compared to its average volume of 1,804,943. PulteGroup, Inc. has a 52 week low of $65.16 and a 52 week high of $121.07. The company has a quick ratio of 0.85, a current ratio of 0.85 and a debt-to-equity ratio of 0.18. The stock’s 50-day moving average is $112.90 and its two-hundred day moving average is $101.97. The stock has a market capitalization of $24.36 billion, a price-to-earnings ratio of 9.27, a price-to-earnings-growth ratio of 0.52 and a beta of 1.56.

PulteGroup declared that its Board of Directors has approved a share repurchase plan on Tuesday, January 30th that allows the company to buyback $1.50 billion in outstanding shares. This buyback authorization allows the construction company to purchase up to 6.5% of its stock through open market purchases. Stock buyback plans are typically a sign that the company’s board of directors believes its shares are undervalued.

PulteGroup Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, July 2nd. Shareholders of record on Tuesday, June 18th will be given a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a yield of 0.69%. The ex-dividend date of this dividend is Tuesday, June 18th. PulteGroup’s payout ratio is currently 6.41%.

Analysts Set New Price Targets

Several analysts have recently commented on PHM shares. Wedbush reiterated a “neutral” rating and issued a $85.00 target price on shares of PulteGroup in a report on Wednesday, January 31st. The Goldman Sachs Group increased their target price on shares of PulteGroup from $91.00 to $105.00 and gave the company a “neutral” rating in a report on Thursday, January 11th. Barclays increased their target price on shares of PulteGroup from $126.00 to $136.00 and gave the company an “overweight” rating in a report on Thursday, April 4th. Zelman & Associates upgraded shares of PulteGroup from a “neutral” rating to an “outperform” rating in a report on Wednesday, April 24th. Finally, Oppenheimer increased their target price on shares of PulteGroup from $138.00 to $143.00 and gave the company an “outperform” rating in a report on Wednesday, April 24th. Five 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, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $111.73.

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.