PulteGroup, Inc. (NYSE:PHM) Stake Cut by Robeco Institutional Asset Management B.V.

Robeco Institutional Asset Management B.V. trimmed its position in shares of PulteGroup, Inc. (NYSE:PHM - Free Report) by 65.2% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 208,856 shares of the construction company's stock after selling 391,651 shares during the period. Robeco Institutional Asset Management B.V. owned approximately 0.10% of PulteGroup worth $21,470,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in the company. Franklin Resources Inc. lifted its position in PulteGroup by 6.1% during 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 buying an additional 683,592 shares in the last quarter. Geode Capital Management LLC raised its stake in shares of 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 acquiring an additional 64,947 shares during the period. Norges Bank acquired a new position in shares of PulteGroup during the 4th quarter valued at $427,562,000. Northern Trust Corp lifted its holdings in shares of PulteGroup by 14.9% during the 4th 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 in the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its position in PulteGroup by 9.1% during 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 worth $221,478,000 after purchasing an additional 169,736 shares during the period. 89.90% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research analysts have commented on the company. Evercore ISI raised their price objective on PulteGroup from $161.00 to $165.00 and gave the company an "outperform" rating in a research report on Wednesday, April 23rd. UBS Group lowered their target price on PulteGroup from $151.00 to $141.00 and set a "buy" rating for the company in a research note on Wednesday, April 23rd. Barclays reduced their price target on PulteGroup from $100.00 to $98.00 and set an "equal weight" rating on the stock in a research report on Wednesday, April 23rd. Wedbush reaffirmed an "outperform" rating and issued a $135.00 price objective on shares of PulteGroup in a research report on Tuesday, April 22nd. Finally, Seaport Res Ptn upgraded shares of PulteGroup from a "strong sell" rating to a "hold" rating in a research note on Thursday, March 6th. Seven investment analysts have rated the stock with a hold rating and nine have given a buy rating to the company's stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $134.69.

PulteGroup Stock Down 0.4%

Shares of NYSE:PHM traded down $0.43 during midday trading on Monday, reaching $105.09. The company had a trading volume of 139,926 shares, compared to its average volume of 2,015,634. The stock has a market capitalization of $21.06 billion, a P/E ratio of 7.41, a PEG ratio of 0.31 and a beta of 1.29. The stock's fifty day moving average price is $101.61 and its 200-day moving average price is $104.88. 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 one year low of $88.07 and a one year high of $149.47.

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, topping the consensus estimate of $2.47 by $0.10. The company had revenue of $3.89 billion during the quarter, compared to analyst estimates of $3.86 billion. PulteGroup had a net margin of 16.45% and a return on equity of 22.86%. During the same period last year, the business earned $3.10 EPS. Equities research analysts expect that PulteGroup, Inc. will post 12.32 earnings per share for the current fiscal year.

PulteGroup Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, July 2nd. Investors of record on Tuesday, June 17th will be paid a $0.22 dividend. The ex-dividend date of this dividend is Tuesday, June 17th. This represents a $0.88 dividend on an annualized basis and a yield of 0.84%. PulteGroup's dividend payout ratio (DPR) 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.