PulteGroup, Inc. (NYSE:PHM) Shares Acquired by Rhumbline Advisers

Rhumbline Advisers raised its position in PulteGroup, Inc. (NYSE:PHM - Free Report) by 10.1% during the first quarter, according to its most recent filing with the SEC. The institutional investor owned 432,341 shares of the construction company's stock after purchasing an additional 39,776 shares during the period. Rhumbline Advisers owned 0.22% of PulteGroup worth $44,445,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Franklin Resources Inc. lifted its holdings in PulteGroup by 6.1% in the 4th quarter. Franklin Resources Inc. now owns 11,937,866 shares of the construction company's stock valued at $1,300,034,000 after purchasing an additional 683,592 shares in the last quarter. Geode Capital Management LLC lifted its holdings in PulteGroup by 1.3% in the 4th quarter. Geode Capital Management LLC now owns 5,120,878 shares of the construction company's stock valued at $556,465,000 after purchasing an additional 64,947 shares in the last quarter. Norges Bank purchased a new position in PulteGroup in the 4th quarter valued at $427,562,000. Northern Trust Corp lifted its holdings in PulteGroup by 14.9% in the 4th quarter. Northern Trust Corp now owns 2,425,941 shares of the construction company's stock valued at $264,185,000 after purchasing an additional 315,148 shares in the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its holdings in PulteGroup by 9.1% in the 4th 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 purchasing an additional 169,736 shares in the last quarter. Hedge funds and other institutional investors own 89.90% of the company's stock.

PulteGroup Trading Down 1.4%

PHM traded down $1.41 during mid-day trading on Friday, hitting $100.23. 1,396,286 shares of the stock were exchanged, compared to its average volume of 2,016,770. The firm's fifty day moving average is $99.55 and its two-hundred day moving average is $108.10. PulteGroup, Inc. has a 1-year low of $88.07 and a 1-year high of $149.47. The company has a market cap of $20.09 billion, a PE ratio of 6.81, a PEG ratio of 0.29 and a beta of 1.37. The company has a current ratio of 0.86, a quick ratio of 0.86 and a debt-to-equity ratio of 0.13.

PulteGroup (NYSE:PHM - Get Free Report) last announced its quarterly earnings data on Tuesday, April 22nd. The construction company reported $2.57 earnings per share for the quarter, beating analysts' consensus estimates of $2.47 by $0.10. The firm had revenue of $3.89 billion during the quarter, compared to analysts' expectations of $3.86 billion. PulteGroup had a net margin of 17.18% and a return on equity of 24.43%. During the same quarter in the previous year, the business posted $3.10 earnings per share. Equities analysts forecast that PulteGroup, Inc. will post 12.32 earnings per share for the current fiscal year.

PulteGroup Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, July 2nd. Shareholders of record on Tuesday, June 17th will be given a $0.22 dividend. 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 is presently 6.21%.

Analysts Set New Price Targets

A number of research analysts have weighed in on PHM shares. Wells Fargo & Company decreased their price objective on PulteGroup from $140.00 to $120.00 and set an "overweight" rating on the stock in a report on Monday, April 14th. Seaport Res Ptn raised PulteGroup from a "strong sell" rating to a "hold" rating in a research note on Thursday, March 6th. Barclays cut their price objective on shares of PulteGroup from $100.00 to $98.00 and set an "equal weight" rating for the company in a research report on Wednesday, April 23rd. UBS Group reduced their target price on shares of PulteGroup from $151.00 to $141.00 and set a "buy" rating on the stock in a research note on Wednesday, April 23rd. Finally, Wedbush reissued an "outperform" rating and issued a $135.00 price target on shares of PulteGroup in a research note on Tuesday, April 22nd. Seven research analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average 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.