PulteGroup, Inc. (NYSE:PHM) Shares Sold by Achmea Investment Management B.V.

Achmea Investment Management B.V. reduced its position in PulteGroup, Inc. (NYSE:PHM - Free Report) by 6.3% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 111,737 shares of the construction company's stock after selling 7,500 shares during the quarter. Achmea Investment Management B.V. owned about 0.06% of PulteGroup worth $11,487,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently modified their holdings of the company. Franklin Resources Inc. raised its holdings in shares of PulteGroup by 6.1% in the 4th quarter. Franklin Resources Inc. now owns 11,937,866 shares of the construction company's stock worth $1,300,034,000 after purchasing an additional 683,592 shares during the period. Geode Capital Management LLC raised its holdings in PulteGroup by 1.3% in the fourth quarter. Geode Capital Management LLC now owns 5,120,878 shares of the construction company's stock valued at $556,465,000 after buying an additional 64,947 shares during the period. Norges Bank purchased a new position in PulteGroup in the fourth quarter valued at approximately $427,562,000. Northern Trust Corp raised its holdings in PulteGroup by 14.9% in the fourth quarter. Northern Trust Corp now owns 2,425,941 shares of the construction company's stock valued at $264,185,000 after buying an additional 315,148 shares during the period. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its stake in shares of PulteGroup by 9.1% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 2,033,776 shares of the construction company's stock valued at $221,478,000 after acquiring an additional 169,736 shares during the period. 89.90% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities analysts have recently commented on the stock. Evercore ISI raised their target price on shares of PulteGroup from $161.00 to $165.00 and gave the company an "outperform" rating in a research note on Wednesday, April 23rd. Wedbush reissued an "outperform" rating and issued a $135.00 price objective on shares of PulteGroup in a research report on Tuesday, April 22nd. Wells Fargo & Company cut their price objective on PulteGroup from $140.00 to $120.00 and set an "overweight" rating on the stock in a research report on Monday, April 14th. Royal Bank Of Canada dropped their target price on PulteGroup from $116.00 to $109.00 and set a "sector perform" rating on the stock in a report on Wednesday, April 23rd. Finally, Barclays dropped their target price on PulteGroup from $100.00 to $98.00 and set an "equal weight" rating on the stock in a report on Wednesday, April 23rd. Seven investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the company's stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $134.69.

PulteGroup Stock Performance

PHM stock traded up $1.12 during trading on Friday, hitting $105.56. 2,995,971 shares of the company's stock traded hands, compared to its average volume of 2,023,014. The company has a quick ratio of 0.80, a current ratio of 0.80 and a debt-to-equity ratio of 0.13. PulteGroup, Inc. has a 52 week low of $88.07 and a 52 week high of $149.47. The stock has a fifty day moving average price of $101.61 and a two-hundred day moving average price of $104.99. The stock has a market capitalization of $21.16 billion, a price-to-earnings ratio of 7.44, a price-to-earnings-growth ratio of 0.31 and a beta of 1.29.

PulteGroup (NYSE:PHM - Get Free Report) last posted its quarterly earnings results on Tuesday, April 22nd. The construction company reported $2.57 EPS for the quarter, beating the consensus estimate of $2.47 by $0.10. PulteGroup had a net margin of 16.45% and a return on equity of 22.86%. The business had revenue of $3.89 billion during the quarter, compared to analyst estimates of $3.86 billion. During the same period in the previous year, the business posted $3.10 EPS. As a group, equities analysts anticipate that PulteGroup, Inc. will post 12.32 EPS for the current fiscal year.

PulteGroup Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, July 2nd. Stockholders of record on Tuesday, June 17th will be issued a dividend of $0.22 per share. This represents a $0.88 annualized dividend and a dividend yield of 0.83%. The ex-dividend date of this dividend is Tuesday, June 17th. PulteGroup's dividend payout ratio (DPR) is presently 6.21%.

About PulteGroup

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.