PulteGroup, Inc. $PHM Shares Sold by Intech Investment Management LLC

Intech Investment Management LLC lessened its stake in shares of PulteGroup, Inc. (NYSE:PHM) by 83.0% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 6,183 shares of the construction company’s stock after selling 30,182 shares during the period. Intech Investment Management LLC’s holdings in PulteGroup were worth $652,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently bought and sold shares of the company. WPG Advisers LLC acquired a new position in shares of PulteGroup during the first quarter valued at approximately $25,000. Hager Investment Management Services LLC grew its holdings in shares of PulteGroup by 33.3% during the second quarter. Hager Investment Management Services LLC now owns 420 shares of the construction company’s stock worth $44,000 after buying an additional 105 shares in the last quarter. REAP Financial Group LLC grew its holdings in shares of PulteGroup by 188.1% during the second quarter. REAP Financial Group LLC now owns 533 shares of the construction company’s stock worth $56,000 after buying an additional 348 shares in the last quarter. Quarry LP raised its position in shares of PulteGroup by 43.8% in the first quarter. Quarry LP now owns 571 shares of the construction company’s stock valued at $59,000 after buying an additional 174 shares during the last quarter. Finally, Hantz Financial Services Inc. lifted its stake in shares of PulteGroup by 102.2% in the second quarter. Hantz Financial Services Inc. now owns 922 shares of the construction company’s stock worth $97,000 after buying an additional 466 shares in the last quarter. 89.90% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of analysts have commented on the stock. Evercore ISI cut their price objective on shares of PulteGroup from $154.00 to $134.00 and set an “in-line” rating for the company in a report on Wednesday, October 22nd. Citigroup increased their price target on PulteGroup from $132.00 to $143.00 and gave the company a “neutral” rating in a report on Wednesday, October 1st. Weiss Ratings reiterated a “hold (c+)” rating on shares of PulteGroup in a report on Tuesday. Zacks Research raised shares of PulteGroup from a “strong sell” rating to a “hold” rating in a report on Friday, August 29th. Finally, Wedbush restated an “outperform” rating and set a $150.00 price objective on shares of PulteGroup in a research report on Tuesday, October 21st. One equities research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and seven have assigned a Hold rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $133.67.

PulteGroup Stock Up 1.5%

Shares of PHM opened at $127.59 on Friday. The company’s 50-day moving average price is $123.66 and its 200 day moving average price is $117.98. PulteGroup, Inc. has a 12-month low of $88.07 and a 12-month high of $142.11. The company has a current ratio of 0.81, a quick ratio of 0.81 and a debt-to-equity ratio of 0.13. The firm has a market cap of $24.87 billion, a P/E ratio of 9.82, a price-to-earnings-growth ratio of 0.95 and a beta of 1.25.

PulteGroup (NYSE:PHM) last announced its quarterly earnings results on Tuesday, October 21st. The construction company reported $2.96 earnings per share for the quarter, beating analysts’ consensus estimates of $2.86 by $0.10. The business had revenue of $4.40 billion during the quarter, compared to analysts’ expectations of $4.31 billion. PulteGroup had a net margin of 14.93% and a return on equity of 19.58%. The business’s revenue for the quarter was down 1.6% on a year-over-year basis. During the same period last year, the business earned $3.35 earnings per share. On average, sell-side analysts forecast that PulteGroup, Inc. will post 12.32 earnings per share for the current year.

PulteGroup Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, January 6th. Shareholders of record on Tuesday, December 16th will be given a $0.26 dividend. The ex-dividend date of this dividend is Tuesday, December 16th. This represents a $1.04 annualized dividend and a yield of 0.8%. This is an increase from PulteGroup’s previous quarterly dividend of $0.22. PulteGroup’s dividend payout ratio is presently 8.01%.

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.