Principal Financial Group Inc. Sells 8,308 Shares of PulteGroup, Inc. (NYSE:PHM)

Principal Financial Group Inc. trimmed its holdings in shares of PulteGroup, Inc. (NYSE:PHM - Free Report) by 3.0% during the 1st quarter, according to its most recent disclosure with the Securities and 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 approximately 0.13% of PulteGroup worth $27,720,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently bought and sold shares of PHM. Proficio Capital Partners LLC acquired a new position in PulteGroup during the fourth quarter valued at $73,000. Candriam S.C.A. lifted its position in shares of PulteGroup by 20.3% in the fourth quarter. Candriam S.C.A. now owns 2,555 shares of the construction company's stock worth $278,000 after buying an additional 431 shares during the last quarter. Callan Family Office LLC acquired a new stake in shares of PulteGroup in the fourth quarter worth about $263,000. PNC Financial Services Group Inc. increased its stake in PulteGroup by 10.2% during the fourth quarter. PNC Financial Services Group Inc. now owns 39,852 shares of the construction company's stock valued at $4,340,000 after acquiring an additional 3,700 shares during the period. Finally, Daiwa Securities Group Inc. increased its stake in PulteGroup by 6.2% during the fourth quarter. Daiwa Securities Group Inc. now owns 28,096 shares of the construction company's stock valued at $3,060,000 after acquiring an additional 1,641 shares during the period. 89.90% of the stock is owned by institutional investors and hedge funds.

PulteGroup Price Performance

Shares of PHM traded down $0.89 on Friday, hitting $114.29. The company's stock had a trading volume of 2,650,269 shares, compared to its average volume of 2,045,123. The company has a market capitalization of $22.91 billion, a PE ratio of 8.06, a PEG ratio of 0.33 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, Inc. has a fifty-two week low of $88.07 and a fifty-two week high of $149.47. The company has a 50 day moving average price of $103.27 and a 200 day moving average price of $104.81.

PulteGroup (NYSE:PHM - Get Free Report) last announced its earnings results on Tuesday, April 22nd. The construction company reported $2.57 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 the consensus estimate of $3.86 billion. PulteGroup had a return on equity of 22.86% and a net margin of 16.45%. During the same period in the previous year, the business earned $3.10 EPS. On average, research analysts anticipate that PulteGroup, Inc. will post 12.32 earnings per share for the current fiscal year.

PulteGroup Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, July 2nd. Stockholders of record on Tuesday, June 17th were issued a $0.22 dividend. This represents a $0.88 annualized dividend and a dividend yield of 0.77%. The ex-dividend date was Tuesday, June 17th. PulteGroup's payout ratio is currently 6.21%.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on the company. Evercore ISI boosted their price target on PulteGroup from $161.00 to $165.00 and gave the company an "outperform" rating in a research note on Wednesday, April 23rd. Wells Fargo & Company lifted their price objective on PulteGroup from $120.00 to $125.00 and gave the company an "overweight" rating in a report on Tuesday. Barclays decreased their price objective on PulteGroup from $100.00 to $98.00 and set an "equal weight" rating on the stock in a report on Wednesday, April 23rd. UBS Group decreased their price objective on PulteGroup from $151.00 to $141.00 and set a "buy" rating on the stock in a report on Wednesday, April 23rd. Finally, Royal Bank Of Canada decreased their price objective on PulteGroup from $116.00 to $109.00 and set a "sector perform" rating on the stock in a report on Wednesday, April 23rd. Seven equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company's stock. Based on data from MarketBeat, PulteGroup presently has an average rating of "Moderate Buy" and a consensus price target of $135.08.

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.