DekaBank Deutsche Girozentrale Sells 6,907 Shares of PulteGroup, Inc. (NYSE:PHM)

DekaBank Deutsche Girozentrale trimmed its position in PulteGroup, Inc. (NYSE:PHM - Free Report) by 6.7% during the first quarter, according to its most recent 13F filing with the SEC. The fund owned 96,427 shares of the construction company's stock after selling 6,907 shares during the period. DekaBank Deutsche Girozentrale's holdings in PulteGroup were worth $9,714,000 as of its most recent filing with the SEC.

Other hedge funds have also recently bought and sold shares of the company. Ameriflex Group Inc. bought a new position in PulteGroup in the 4th quarter valued at $37,000. TD Waterhouse Canada Inc. boosted its position in PulteGroup by 43.0% in the 4th quarter. TD Waterhouse Canada Inc. now owns 349 shares of the construction company's stock valued at $38,000 after buying an additional 105 shares during the last quarter. American National Bank & Trust bought a new position in PulteGroup in the 1st quarter valued at $39,000. Quarry LP bought a new position in PulteGroup in the 4th quarter valued at $43,000. Finally, Catalyst Capital Advisors LLC bought a new position in PulteGroup in the 1st quarter valued at $54,000. 89.90% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of research analysts have commented on PHM shares. Wedbush reiterated an "outperform" rating and issued a $135.00 price objective on shares of PulteGroup in a research report on Tuesday, April 22nd. Evercore ISI increased 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. 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. UBS Group cut their price target 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, Wells Fargo & Company increased their price target on PulteGroup from $120.00 to $125.00 and gave the company an "overweight" rating in a research note on Tuesday. Seven investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $135.08.

PulteGroup Trading Down 0.8%

PulteGroup stock traded down $0.89 during mid-day trading on Friday, hitting $114.29. 2,650,443 shares of the company's stock were exchanged, compared to its average volume of 2,042,802. The company's 50 day simple moving average is $103.27 and its 200-day simple moving average is $104.81. The firm has a market capitalization of $22.91 billion, a P/E ratio of 8.86, a PEG ratio of 0.33 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. PulteGroup, Inc. has a fifty-two week low of $88.07 and a fifty-two week high of $149.47.

PulteGroup (NYSE:PHM - Get Free Report) last released its quarterly earnings results on Tuesday, April 22nd. The construction company reported $2.57 earnings per share (EPS) for the quarter, beating 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 firm had revenue of $3.89 billion for the quarter, compared to the consensus estimate of $3.86 billion. During the same quarter last year, the business posted $3.10 EPS. On average, equities analysts anticipate 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 was paid on Wednesday, July 2nd. Shareholders of record on Tuesday, June 17th were paid a $0.22 dividend. This represents a $0.88 annualized dividend and a dividend yield of 0.77%. The ex-dividend date of this dividend was Tuesday, June 17th. PulteGroup's dividend payout ratio is 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.