PulteGroup, Inc. (NYSE:PHM) Shares Sold by Winslow Asset Management Inc.

Winslow Asset Management Inc. decreased its position in PulteGroup, Inc. (NYSE:PHM - Free Report) by 2.5% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 237,772 shares of the construction company's stock after selling 6,064 shares during the quarter. PulteGroup accounts for about 5.4% of Winslow Asset Management Inc.'s holdings, making the stock its 3rd biggest holding. Winslow Asset Management Inc. owned 0.12% of PulteGroup worth $24,443,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of the company. TD Waterhouse Canada Inc. lifted its holdings in PulteGroup by 43.0% in the 4th quarter. TD Waterhouse Canada Inc. now owns 349 shares of the construction company's stock worth $38,000 after purchasing an additional 105 shares during the last quarter. NDVR Inc. grew its stake in PulteGroup by 6.0% in the 4th quarter. NDVR Inc. now owns 1,984 shares of the construction company's stock valued at $216,000 after buying an additional 112 shares during the last quarter. Coppell Advisory Solutions LLC grew its stake in PulteGroup by 10.0% in the 4th quarter. Coppell Advisory Solutions LLC now owns 1,271 shares of the construction company's stock valued at $138,000 after buying an additional 116 shares during the last quarter. CIBC Private Wealth Group LLC raised its holdings in PulteGroup by 1.2% in the 4th quarter. CIBC Private Wealth Group LLC now owns 10,113 shares of the construction company's stock worth $1,117,000 after acquiring an additional 118 shares during the period. Finally, Huntington National Bank lifted its position in PulteGroup by 1.2% during the 4th quarter. Huntington National Bank now owns 10,273 shares of the construction company's stock worth $1,119,000 after acquiring an additional 118 shares during the last quarter. 89.90% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on PHM shares. UBS Group cut their price objective on shares of PulteGroup from $151.00 to $141.00 and set a "buy" rating for the company in a research report on Wednesday, April 23rd. Barclays reduced their price objective on PulteGroup from $100.00 to $98.00 and set an "equal weight" rating for the company in a research report on Wednesday, April 23rd. Wells Fargo & Company lifted their price objective on PulteGroup from $120.00 to $125.00 and gave the stock an "overweight" rating in a report on Tuesday, July 8th. Wedbush restated an "outperform" rating and issued a $135.00 target price on shares of PulteGroup in a research note on Tuesday, April 22nd. Finally, Oppenheimer lifted their price target on shares of PulteGroup from $125.00 to $132.00 and gave the stock an "outperform" rating in a research note on Tuesday. Seven equities research 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 an average rating of "Moderate Buy" and an average target price of $133.69.

PulteGroup Trading Up 0.8%

PulteGroup stock traded up $0.88 during mid-day trading on Wednesday, hitting $108.88. The stock had a trading volume of 1,147,561 shares, compared to its average volume of 2,043,317. The stock has a market capitalization of $21.82 billion, a PE ratio of 7.67, a P/E/G ratio of 0.33 and a beta of 1.29. PulteGroup, Inc. has a 12 month low of $88.07 and a 12 month high of $149.47. The company has a current ratio of 0.80, a quick ratio of 0.80 and a debt-to-equity ratio of 0.13. The stock has a 50-day simple moving average of $103.79 and a two-hundred day simple moving average of $104.80.

PulteGroup (NYSE:PHM - Get Free Report) last issued its 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 net margin of 16.45% and a return on equity of 22.86%. The company had revenue of $3.89 billion for the quarter, compared to analyst estimates of $3.86 billion. During the same quarter last year, the firm earned $3.10 EPS. As a group, sell-side analysts forecast that PulteGroup, Inc. will post 12.32 EPS for the current year.

PulteGroup Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, July 2nd. Shareholders of record on Tuesday, June 17th were issued a dividend of $0.22 per share. This represents a $0.88 dividend on an annualized basis and a yield of 0.81%. The ex-dividend date of this dividend was Tuesday, June 17th. PulteGroup's dividend payout ratio (DPR) 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.