Janus Henderson Group PLC Has $3 Million Holdings in PulteGroup, Inc. (NYSE:PHM)

Janus Henderson Group PLC trimmed its position in PulteGroup, Inc. (NYSE:PHM - Free Report) by 10.2% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 27,493 shares of the construction company's stock after selling 3,131 shares during the quarter. Janus Henderson Group PLC's holdings in PulteGroup were worth $2,995,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also modified their holdings of PHM. Merit Financial Group LLC lifted its stake in shares of PulteGroup by 416.0% in the fourth quarter. Merit Financial Group LLC now owns 12,775 shares of the construction company's stock worth $1,391,000 after buying an additional 10,299 shares during the last quarter. Aaron Wealth Advisors LLC lifted its stake in shares of PulteGroup by 7.2% in the fourth quarter. Aaron Wealth Advisors LLC now owns 2,151 shares of the construction company's stock worth $234,000 after buying an additional 145 shares during the last quarter. Aspire Private Capital LLC lifted its stake in shares of PulteGroup by 7.8% in the fourth quarter. Aspire Private Capital LLC now owns 10,142 shares of the construction company's stock worth $1,104,000 after buying an additional 734 shares during the last quarter. Eads & Heald Wealth Management lifted its stake in shares of PulteGroup by 33.9% in the fourth quarter. Eads & Heald Wealth Management now owns 3,552 shares of the construction company's stock worth $387,000 after buying an additional 900 shares during the last quarter. Finally, Cetera Trust Company N.A lifted its stake in shares of PulteGroup by 8.4% in the fourth quarter. Cetera Trust Company N.A now owns 9,147 shares of the construction company's stock worth $996,000 after buying an additional 705 shares during the last quarter. 89.90% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of brokerages recently issued reports on PHM. Evercore ISI boosted their target price on shares of PulteGroup from $161.00 to $165.00 and gave the stock an "outperform" rating in a research report on Wednesday, April 23rd. Royal Bank of Canada dropped their target price on shares of PulteGroup from $116.00 to $109.00 and set a "sector perform" rating on the stock in a research report on Wednesday, April 23rd. Wells Fargo & Company dropped their target price on shares of PulteGroup from $140.00 to $120.00 and set an "overweight" rating on the stock in a research report on Monday, April 14th. Barclays dropped their target price on shares of PulteGroup from $100.00 to $98.00 and set an "equal weight" rating on the stock in a research report on Wednesday, April 23rd. Finally, Seaport Res Ptn raised shares of PulteGroup from a "strong sell" rating to a "hold" rating in a research report on Thursday, March 6th. Seven analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $134.69.

PulteGroup Price Performance

Shares of NYSE:PHM traded down $0.35 on Friday, hitting $98.23. The stock had a trading volume of 1,389,728 shares, compared to its average volume of 2,006,357. PulteGroup, Inc. has a twelve month low of $88.07 and a twelve month high of $149.47. The company has a debt-to-equity ratio of 0.13, a quick ratio of 0.86 and a current ratio of 0.86. The firm's 50 day moving average price is $100.55 and its 200-day moving average price is $110.21. The company has a market capitalization of $19.69 billion, a price-to-earnings ratio of 6.68, a price-to-earnings-growth ratio of 0.29 and a beta of 1.37.

PulteGroup (NYSE:PHM - Get Free Report) last issued its earnings results on Tuesday, April 22nd. The construction company reported $2.57 EPS for the quarter, beating the consensus estimate of $2.47 by $0.10. PulteGroup had a net margin of 17.18% and a return on equity of 24.43%. The company had revenue of $3.89 billion for the quarter, compared to the consensus estimate of $3.86 billion. During the same quarter in the previous year, the company earned $3.10 EPS. On average, equities research analysts predict that PulteGroup, Inc. will post 12.32 earnings per share for the current year.

PulteGroup Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, July 2nd. Stockholders of record on Tuesday, June 17th will be paid a $0.22 dividend. The ex-dividend date is Tuesday, June 17th. This represents a $0.88 annualized dividend and a dividend yield of 0.90%. PulteGroup's dividend payout ratio is presently 6.21%.

PulteGroup declared that its Board of Directors has initiated a stock buyback program on Thursday, January 30th that authorizes the company to buyback $1.50 billion in outstanding shares. This buyback authorization authorizes the construction company to reacquire up to 6.2% of its stock through open market purchases. Stock buyback programs are generally an indication that the company's leadership believes its shares are undervalued.

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.