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Rhumbline Advisers Has $44.45 Million Stake in PulteGroup, Inc. (NYSE:PHM)

PulteGroup logo with Construction background

Rhumbline Advisers raised its holdings in PulteGroup, Inc. (NYSE:PHM - Free Report) by 10.1% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 432,341 shares of the construction company's stock after acquiring an additional 39,776 shares during the period. Rhumbline Advisers owned about 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 have also recently bought and sold shares of the business. Franklin Resources Inc. grew its position in PulteGroup by 6.1% in the fourth quarter. Franklin Resources Inc. now owns 11,937,866 shares of the construction company's stock valued at $1,300,034,000 after acquiring an additional 683,592 shares during the last quarter. Geode Capital Management LLC grew its position in PulteGroup by 1.3% in the fourth quarter. Geode Capital Management LLC now owns 5,120,878 shares of the construction company's stock valued at $556,465,000 after acquiring an additional 64,947 shares during the last quarter. Norges Bank bought a new position in PulteGroup in the fourth quarter valued at about $427,562,000. Northern Trust Corp grew its position in PulteGroup by 14.9% in the fourth quarter. Northern Trust Corp now owns 2,425,941 shares of the construction company's stock valued at $264,185,000 after acquiring an additional 315,148 shares during the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its position in PulteGroup by 9.1% in the fourth 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 acquiring an additional 169,736 shares during the last quarter. Institutional investors own 89.90% of the company's stock.

PulteGroup Trading Down 0.3%

PHM traded down $0.35 during trading on Thursday, hitting $101.52. The company's stock had a trading volume of 1,201,617 shares, compared to its average volume of 2,012,822. PulteGroup, Inc. has a twelve month low of $88.07 and a twelve month high of $149.47. The company has a quick ratio of 0.86, a current ratio of 0.86 and a debt-to-equity ratio of 0.13. The stock's fifty day moving average price is $99.64 and its 200-day moving average price is $108.48. The firm has a market capitalization of $20.35 billion, a P/E ratio of 6.90, a PEG ratio of 0.29 and a beta of 1.37.

PulteGroup (NYSE:PHM - Get Free Report) last issued 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 24.43% and a net margin of 17.18%. The firm had revenue of $3.89 billion for the quarter, compared to analyst estimates of $3.86 billion. During the same period in the previous year, the firm earned $3.10 earnings per share. Analysts anticipate that PulteGroup, Inc. will post 12.32 EPS for the current 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 paid a $0.22 dividend. This represents a $0.88 annualized dividend and a yield of 0.87%. The ex-dividend date of this dividend is Tuesday, June 17th. PulteGroup's dividend payout ratio (DPR) is presently 6.21%.

Analysts Set New Price Targets

Several research firms have recently weighed in on PHM. Barclays reduced their price target on PulteGroup from $100.00 to $98.00 and set an "equal weight" rating on the stock in a report on Wednesday, April 23rd. Wells Fargo & Company reduced their price target on PulteGroup from $140.00 to $120.00 and set an "overweight" rating on the stock in a report on Monday, April 14th. UBS Group reduced their price objective 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. Royal Bank of Canada lowered their target price 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. Finally, Evercore ISI upped their price target on PulteGroup from $161.00 to $165.00 and gave the company an "outperform" rating in a research report on Wednesday, April 23rd. Seven analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company's stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $134.69.

Check Out Our Latest Stock Report on PulteGroup

PulteGroup Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for PulteGroup (NYSE:PHM)

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