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

Robeco Institutional Asset Management B.V. lowered its holdings in PulteGroup, Inc. (NYSE:PHM - Free Report) by 64.0% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 446,340 shares of the construction company's stock after selling 792,795 shares during the quarter. Robeco Institutional Asset Management B.V. owned 0.21% of PulteGroup worth $46,071,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Financial Advocates Investment Management purchased a new stake in PulteGroup during the fourth quarter worth $291,000. Meridian Wealth Management LLC purchased a new stake in shares of PulteGroup during the 4th quarter worth about $278,000. WealthTrust Asset Management LLC purchased a new position in shares of PulteGroup in the 4th quarter valued at about $752,000. Foundations Investment Advisors LLC purchased a new position in shares of PulteGroup in the 4th quarter valued at about $275,000. Finally, Janney Montgomery Scott LLC raised its holdings in PulteGroup by 381.3% in the 4th quarter. Janney Montgomery Scott LLC now owns 168,689 shares of the construction company's stock worth $17,412,000 after purchasing an additional 133,638 shares during the period. Hedge funds and other institutional investors own 89.90% of the company's stock.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on PHM shares. Raymond James restated an "outperform" rating and issued a $135.00 price objective (up from $120.00) on shares of PulteGroup in a research report on Thursday, April 25th. Jefferies Financial Group lifted their target price on shares of PulteGroup from $126.00 to $131.00 and gave the company a "buy" rating in a research report on Wednesday, April 24th. StockNews.com upgraded shares of PulteGroup from a "hold" rating to a "buy" rating in a research report on Wednesday, April 24th. Wedbush reiterated a "neutral" rating and issued a $85.00 price objective on shares of PulteGroup in a report on Wednesday, January 31st. Finally, Citigroup increased their target price on PulteGroup from $127.00 to $129.00 and gave the company a "neutral" rating in a report on Friday. Five research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company's stock. According to data from MarketBeat, PulteGroup currently has a consensus rating of "Moderate Buy" and an average price target of $111.87.

PulteGroup Trading Up 0.3 %

NYSE:PHM traded up $0.41 on Friday, reaching $119.07. The company's stock had a trading volume of 1,320,031 shares, compared to its average volume of 1,853,823. PulteGroup, Inc. has a 12-month low of $65.16 and a 12-month high of $122.72. The stock has a 50 day moving average price of $113.86 and a 200 day moving average price of $104.02. The firm has a market cap of $25.05 billion, a price-to-earnings ratio of 9.53, a price-to-earnings-growth ratio of 0.53 and a beta of 1.56. The company has a quick ratio of 0.85, a current ratio of 0.85 and a debt-to-equity ratio of 0.18.

PulteGroup (NYSE:PHM - Get Free Report) last posted its earnings results on Tuesday, April 23rd. The construction company reported $2.87 EPS for the quarter, beating analysts' consensus estimates of $2.36 by $0.51. PulteGroup had a net margin of 16.63% and a return on equity of 25.81%. The company had revenue of $3.95 billion for the quarter, compared to analysts' expectations of $3.59 billion. On average, equities analysts anticipate that PulteGroup, Inc. will post 12.64 EPS for the current fiscal year.

PulteGroup declared that its Board of Directors has approved a share repurchase plan on Tuesday, January 30th that permits the company to buyback $1.50 billion in shares. This buyback authorization permits the construction company to repurchase up to 6.5% of its stock through open market purchases. Stock buyback plans are often a sign that the company's board of directors believes its stock is undervalued.

PulteGroup Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, July 2nd. Shareholders of record on Tuesday, June 18th will be given a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a yield of 0.67%. The ex-dividend date of this dividend is Friday, June 14th. PulteGroup's payout ratio is 6.41%.

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.

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