Exchange Traded Concepts LLC Sells 3,985 Shares of PulteGroup, Inc. (NYSE:PHM)

Exchange Traded Concepts LLC decreased its holdings in PulteGroup, Inc. (NYSE:PHM - Free Report) by 56.6% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 3,061 shares of the construction company's stock after selling 3,985 shares during the quarter. Exchange Traded Concepts LLC's holdings in PulteGroup were worth $315,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of PHM. Merit Financial Group LLC lifted its stake in shares of PulteGroup by 20.5% during the first quarter. Merit Financial Group LLC now owns 15,388 shares of the construction company's stock valued at $1,582,000 after acquiring an additional 2,613 shares during the period. Hudson Capital Management LLC lifted its stake in shares of PulteGroup by 8.6% during the first quarter. Hudson Capital Management LLC now owns 41,305 shares of the construction company's stock valued at $4,246,000 after acquiring an additional 3,266 shares during the period. Vest Financial LLC lifted its stake in shares of PulteGroup by 1,311.3% during the first quarter. Vest Financial LLC now owns 312,723 shares of the construction company's stock valued at $32,148,000 after acquiring an additional 290,564 shares during the period. NBC Securities Inc. lifted its stake in shares of PulteGroup by 103,800.0% during the first quarter. NBC Securities Inc. now owns 5,195 shares of the construction company's stock valued at $534,000 after acquiring an additional 5,190 shares during the period. Finally, Argyle Capital Management LLC lifted its stake in shares of PulteGroup by 1.5% during the fourth quarter. Argyle Capital Management LLC now owns 42,241 shares of the construction company's stock valued at $4,600,000 after acquiring an additional 641 shares during the period. Institutional investors own 89.90% of the company's stock.

PulteGroup Trading Up 2.4%

Shares of PulteGroup stock traded up $2.42 during trading hours on Friday, hitting $101.56. The company's stock had a trading volume of 3,041,892 shares, compared to its average volume of 2,015,570. PulteGroup, Inc. has a 12 month low of $88.07 and a 12 month high of $149.47. The stock has a 50 day moving average of $100.58 and a 200 day moving average of $105.72. The company has a market capitalization of $20.36 billion, a PE ratio of 7.16, a price-to-earnings-growth ratio of 0.29 and a beta of 1.29. The company has a debt-to-equity ratio of 0.13, a current ratio of 0.80 and a quick ratio of 0.80.

PulteGroup (NYSE:PHM - Get Free Report) last announced its quarterly earnings results 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 return on equity of 22.86% and a net margin of 16.45%. The company had revenue of $3.89 billion during the quarter, compared to the consensus estimate of $3.86 billion. During the same period in the prior year, the company earned $3.10 earnings per share. Analysts predict that PulteGroup, Inc. will post 12.32 earnings per share for the current year.

PulteGroup Dividend Announcement

The company also recently disclosed 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 dividend on an annualized basis and a dividend yield of 0.87%. PulteGroup's payout ratio is presently 6.21%.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on PHM shares. Royal Bank Of Canada cut their price target on PulteGroup from $116.00 to $109.00 and set a "sector perform" rating on the stock in a research note on Wednesday, April 23rd. Barclays cut their price target on PulteGroup from $100.00 to $98.00 and set an "equal weight" rating on the stock in a research note on Wednesday, April 23rd. Evercore ISI increased their target price on PulteGroup from $161.00 to $165.00 and gave the company an "outperform" rating in a research note on Wednesday, April 23rd. UBS Group cut their target price on PulteGroup from $151.00 to $141.00 and set a "buy" rating on the stock in a research note on Wednesday, April 23rd. Finally, Seaport Res Ptn raised PulteGroup from a "strong sell" rating to a "hold" rating in a research note on Thursday, March 6th. Seven analysts have rated the stock with a hold rating and nine have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $134.69.

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.