Mn Services Vermogensbeheer B.V. Sells 6,100 Shares of PulteGroup, Inc. (NYSE:PHM)

Mn Services Vermogensbeheer B.V. cut its holdings in PulteGroup, Inc. (NYSE:PHM - Free Report) by 7.3% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 78,000 shares of the construction company's stock after selling 6,100 shares during the quarter. Mn Services Vermogensbeheer B.V.'s holdings in PulteGroup were worth $8,018,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Franklin Resources Inc. grew its holdings in PulteGroup by 6.1% in the fourth 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 boosted its position in shares of PulteGroup by 1.3% in the 4th 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 purchased a new stake in shares of PulteGroup in the 4th quarter worth approximately $427,562,000. Northern Trust Corp increased its position in PulteGroup by 14.9% during the 4th 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 in the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its stake in PulteGroup by 9.1% during 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 buying an additional 169,736 shares during the last quarter. 89.90% of the stock is currently owned by institutional investors.

PulteGroup Stock Performance

Shares of PHM stock traded up $1.01 on Wednesday, reaching $99.73. The stock had a trading volume of 324,953 shares, compared to its average volume of 2,130,225. The company has a debt-to-equity ratio of 0.13, a quick ratio of 0.80 and a current ratio of 0.80. PulteGroup, Inc. has a 1 year low of $88.07 and a 1 year high of $149.47. The stock has a market cap of $19.99 billion, a P/E ratio of 7.03, a price-to-earnings-growth ratio of 0.30 and a beta of 1.29. The company has a 50 day simple moving average of $100.29 and a 200 day simple moving average of $106.41.

PulteGroup (NYSE:PHM - Get Free Report) last announced its 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. The business had revenue of $3.89 billion for the quarter, compared to analysts' expectations of $3.86 billion. PulteGroup had a return on equity of 22.86% and a net margin of 16.45%. During the same period last year, the firm posted $3.10 earnings per share. Equities research analysts expect that PulteGroup, Inc. will post 12.32 EPS for the current year.

PulteGroup Announces Dividend

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

Analyst Ratings Changes

PHM has been the topic of a number of recent research reports. Barclays cut their target price 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 price objective on shares of PulteGroup from $161.00 to $165.00 and gave the company an "outperform" rating in a research report on Wednesday, April 23rd. Wells Fargo & Company decreased their target price on shares of PulteGroup from $140.00 to $120.00 and set an "overweight" rating for the company in a report on Monday, April 14th. Royal Bank Of Canada cut their price target on shares of PulteGroup from $116.00 to $109.00 and set a "sector perform" rating on the stock in a report on Wednesday, April 23rd. Finally, UBS Group reduced their price target on shares of PulteGroup from $151.00 to $141.00 and set a "buy" rating for the company in a research report on Wednesday, April 23rd. Seven analysts have rated the stock with a hold rating and nine have given a buy rating to the company's stock. According to data from MarketBeat, the company presently 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.