AEGON ASSET MANAGEMENT UK Plc Sells 3,375 Shares of PulteGroup, Inc. (NYSE:PHM)

AEGON ASSET MANAGEMENT UK Plc trimmed its position in PulteGroup, Inc. (NYSE:PHM - Free Report) by 2.0% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 168,580 shares of the construction company's stock after selling 3,375 shares during the period. AEGON ASSET MANAGEMENT UK Plc owned approximately 0.08% of PulteGroup worth $17,330,000 at the end of the most recent quarter.

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

PulteGroup Stock Performance

Shares of NYSE PHM traded down $0.35 during mid-day trading on Thursday, reaching $101.52. 1,201,592 shares of the company were exchanged, compared to its average volume of 2,012,822. The stock has a market capitalization of $20.35 billion, a P/E ratio of 6.90, a P/E/G ratio of 0.29 and a beta of 1.37. The company has a quick ratio of 0.86, a current ratio of 0.86 and a debt-to-equity ratio of 0.13. The company's 50-day simple moving average is $99.64 and its 200-day simple moving average is $108.48. PulteGroup, Inc. has a twelve month low of $88.07 and a twelve month high of $149.47.

PulteGroup (NYSE:PHM - Get Free Report) last issued its quarterly earnings data on Tuesday, April 22nd. The construction company reported $2.57 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.47 by $0.10. PulteGroup had a net margin of 17.18% and a return on equity of 24.43%. The firm had revenue of $3.89 billion during the quarter, compared to the consensus estimate of $3.86 billion. During the same period last year, the business posted $3.10 earnings per share. As a group, research analysts predict that PulteGroup, Inc. will post 12.32 earnings per share for the current year.

PulteGroup Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, July 2nd. Investors of record on Tuesday, June 17th will be issued a dividend of $0.22 per share. The ex-dividend date is Tuesday, June 17th. This represents a $0.88 annualized dividend and a yield of 0.87%. PulteGroup's payout ratio is currently 6.21%.

Wall Street Analyst Weigh In

Several equities research analysts have commented on PHM shares. Seaport Res Ptn raised shares of PulteGroup from a "strong sell" rating to a "hold" rating in a research report on Thursday, March 6th. Barclays decreased their price target on PulteGroup from $100.00 to $98.00 and set an "equal weight" rating for the company in a research note on Wednesday, April 23rd. Royal Bank of Canada lowered their price target on PulteGroup from $116.00 to $109.00 and set a "sector perform" rating on the stock in a research report on Wednesday, April 23rd. UBS Group cut their price objective on PulteGroup from $151.00 to $141.00 and set a "buy" rating for the company in a report on Wednesday, April 23rd. Finally, Wells Fargo & Company lowered their target price on shares of PulteGroup from $140.00 to $120.00 and set an "overweight" rating on the stock in a report on Monday, April 14th. Seven research analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $134.69.

PulteGroup 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.