PulteGroup, Inc. (NYSE:PHM) Shares Sold by Principal Financial Group Inc.

Principal Financial Group Inc. lessened its stake in shares of PulteGroup, Inc. (NYSE:PHM - Free Report) by 3.0% during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 269,649 shares of the construction company's stock after selling 8,308 shares during the period. Principal Financial Group Inc. owned 0.13% of PulteGroup worth $27,720,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also modified their holdings of the stock. Aaron Wealth Advisors LLC raised its holdings in shares of PulteGroup by 55.8% during the 1st quarter. Aaron Wealth Advisors LLC now owns 3,352 shares of the construction company's stock worth $345,000 after acquiring an additional 1,201 shares during the period. Coastline Trust Co raised its holdings in shares of PulteGroup by 7.4% during the 1st quarter. Coastline Trust Co now owns 10,303 shares of the construction company's stock worth $1,059,000 after acquiring an additional 706 shares during the period. Sumitomo Mitsui DS Asset Management Company Ltd raised its holdings in shares of PulteGroup by 1.0% during the 1st quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 22,674 shares of the construction company's stock worth $2,331,000 after acquiring an additional 216 shares during the period. Vontobel Holding Ltd. raised its holdings in shares of PulteGroup by 7.6% during the 1st quarter. Vontobel Holding Ltd. now owns 121,338 shares of the construction company's stock worth $12,474,000 after acquiring an additional 8,546 shares during the period. Finally, Ameritas Advisory Services LLC purchased a new position in shares of PulteGroup during the 1st quarter worth $794,000. Hedge funds and other institutional investors own 89.90% of the company's stock.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on the company. UBS Group reduced their price target on PulteGroup from $151.00 to $141.00 and set a "buy" rating on the stock in a report on Wednesday, April 23rd. Wells Fargo & Company raised their price objective on PulteGroup from $120.00 to $125.00 and gave the stock an "overweight" rating in a research report on Tuesday. Royal Bank Of Canada cut their price objective on PulteGroup from $116.00 to $109.00 and set a "sector perform" rating for the company in a research report on Wednesday, April 23rd. Evercore ISI raised their price objective on PulteGroup from $161.00 to $165.00 and gave the stock an "outperform" rating in a research report on Wednesday, April 23rd. Finally, Wedbush reissued an "outperform" rating and set a $135.00 price objective on shares of PulteGroup in a research report on Tuesday, April 22nd. Seven analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $135.08.

PulteGroup Trading Up 1.5%

NYSE PHM traded up $1.65 during trading on Thursday, hitting $115.42. The stock had a trading volume of 589,244 shares, compared to its average volume of 2,032,885. The company has a market capitalization of $23.13 billion, a PE ratio of 8.15, a PEG ratio of 0.32 and a beta of 1.29. The company has a quick ratio of 0.80, a current ratio of 0.80 and a debt-to-equity ratio of 0.13. The firm has a 50 day moving average price of $103.01 and a 200 day moving average price of $104.77. 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 announced its quarterly earnings data on Tuesday, April 22nd. The construction company reported $2.57 EPS for the quarter, topping analysts' consensus estimates of $2.47 by $0.10. PulteGroup had a return on equity of 22.86% and a net margin of 16.45%. The business had revenue of $3.89 billion during the quarter, compared to the consensus estimate of $3.86 billion. During the same period in the previous year, the company posted $3.10 earnings per share. As a group, equities research analysts forecast that PulteGroup, Inc. will post 12.32 earnings per share for the current year.

PulteGroup Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, July 2nd. Stockholders of record on Tuesday, June 17th were given a dividend of $0.22 per share. This represents a $0.88 dividend on an annualized basis and a dividend yield of 0.76%. The ex-dividend date was Tuesday, June 17th. PulteGroup's dividend payout ratio 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.