PulteGroup, Inc. (NYSE:PHM) Shares Sold by SG Americas Securities LLC

SG Americas Securities LLC decreased its position in shares of PulteGroup, Inc. (NYSE:PHM - Free Report) by 92.7% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 9,528 shares of the construction company's stock after selling 121,711 shares during the period. SG Americas Securities LLC's holdings in PulteGroup were worth $979,000 as of its most recent SEC filing.

Other institutional investors also recently added to or reduced their stakes in the company. Ameriflex Group Inc. acquired a new position in PulteGroup during the fourth quarter worth approximately $37,000. TD Waterhouse Canada Inc. increased its holdings in shares of PulteGroup by 43.0% in the fourth quarter. TD Waterhouse Canada Inc. now owns 349 shares of the construction company's stock valued at $38,000 after purchasing an additional 105 shares during the period. American National Bank & Trust acquired a new position in shares of PulteGroup in the first quarter valued at approximately $39,000. Quarry LP acquired a new position in shares of PulteGroup in the fourth quarter valued at approximately $43,000. Finally, Sentry Investment Management LLC acquired a new position in shares of PulteGroup in the first quarter valued at approximately $61,000. Institutional investors and hedge funds own 89.90% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on PHM shares. Royal Bank Of Canada dropped their target price on PulteGroup from $116.00 to $109.00 and set a "sector perform" rating on the stock in a report on Wednesday, April 23rd. Wedbush reissued an "outperform" rating and issued a $135.00 target price on shares of PulteGroup in a report on Tuesday, April 22nd. Barclays dropped their target price on PulteGroup from $100.00 to $98.00 and set an "equal weight" rating on the stock in a report on Wednesday, April 23rd. UBS Group dropped their target price on PulteGroup from $151.00 to $141.00 and set a "buy" rating on the stock in a report on Wednesday, April 23rd. Finally, Seaport Res Ptn upgraded PulteGroup from a "strong sell" rating to a "hold" rating in a research note on Thursday, March 6th. Seven analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $134.69.

PulteGroup Trading Up 2.4%

PulteGroup stock traded up $2.42 during trading on Friday, hitting $101.56. The company's stock had a trading volume of 3,041,892 shares, compared to its average volume of 2,022,363. The stock has a market capitalization of $20.36 billion, a price-to-earnings ratio of 7.63, a P/E/G ratio of 0.29 and a beta of 1.29. The stock's fifty day moving average is $100.44 and its 200 day moving average is $106.11. PulteGroup, Inc. has a 1-year low of $88.07 and a 1-year high of $149.47. The company has a debt-to-equity ratio of 0.13, a quick ratio of 0.80 and a current ratio of 0.80.

PulteGroup (NYSE:PHM - Get Free Report) last released 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. The firm had revenue of $3.89 billion during the quarter, compared to analyst estimates of $3.86 billion. PulteGroup had a return on equity of 22.86% and a net margin of 16.45%. During the same period in the prior year, the firm posted $3.10 earnings per share. As a group, equities research analysts predict that PulteGroup, Inc. will post 12.32 EPS for the current year.

PulteGroup Announces Dividend

The firm also recently announced 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 annualized dividend and a yield of 0.87%. PulteGroup's payout ratio is currently 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.