Robeco Institutional Asset Management B.V. Boosts Stock Position in PulteGroup, Inc. (NYSE:PHM)

Robeco Institutional Asset Management B.V. boosted its holdings in shares of PulteGroup, Inc. (NYSE:PHM – Get Rating) by 8.9% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 393,813 shares of the construction company’s stock after purchasing an additional 32,288 shares during the period. Robeco Institutional Asset Management B.V. owned about 0.17% of PulteGroup worth $14,770,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Private Trust Co. NA bought a new stake in shares of PulteGroup in the 2nd quarter worth approximately $29,000. Zions Bancorporation N.A. boosted its holdings in PulteGroup by 115.2% in the first quarter. Zions Bancorporation N.A. now owns 1,595 shares of the construction company’s stock valued at $67,000 after acquiring an additional 854 shares in the last quarter. Advisors Asset Management Inc. boosted its holdings in PulteGroup by 17.6% in the first quarter. Advisors Asset Management Inc. now owns 1,749 shares of the construction company’s stock valued at $73,000 after acquiring an additional 262 shares in the last quarter. Forsta AP Fonden purchased a new position in PulteGroup during the 3rd quarter valued at $79,000. Finally, Guardian Wealth Advisors LLC bought a new position in PulteGroup in the 3rd quarter worth $83,000. Institutional investors own 88.07% of the company’s stock.

Insider Activity

In related news, VP Brien P. O’meara sold 4,924 shares of PulteGroup stock in a transaction dated Thursday, February 2nd. The stock was sold at an average price of $60.00, for a total value of $295,440.00. Following the completion of the sale, the vice president now directly owns 17,308 shares in the company, valued at approximately $1,038,480. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In related news, VP Brien P. O’meara sold 4,924 shares of the stock in a transaction that occurred on Thursday, February 2nd. The shares were sold at an average price of $60.00, for a total transaction of $295,440.00. Following the transaction, the vice president now owns 17,308 shares in the company, valued at $1,038,480. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, EVP Todd N. Sheldon sold 15,998 shares of PulteGroup stock in a transaction that occurred on Thursday, March 2nd. The stock was sold at an average price of $53.83, for a total transaction of $861,172.34. Following the completion of the sale, the executive vice president now directly owns 82,339 shares of the company’s stock, valued at approximately $4,432,308.37. The disclosure for this sale can be found here. Insiders have sold a total of 50,739 shares of company stock valued at $2,845,149 over the last ninety days. 0.71% of the stock is currently owned by corporate insiders.

PulteGroup Stock Down 0.7 %

NYSE:PHM opened at $55.42 on Friday. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.62 and a current ratio of 0.62. The firm has a market cap of $12.50 billion, a P/E ratio of 4.99, a P/E/G ratio of 0.47 and a beta of 1.31. PulteGroup, Inc. has a fifty-two week low of $35.03 and a fifty-two week high of $60.89. The firm has a 50-day simple moving average of $53.94 and a two-hundred day simple moving average of $46.04.

PulteGroup (NYSE:PHM – Get Rating) last announced its quarterly earnings results on Tuesday, January 31st. The construction company reported $3.63 earnings per share for the quarter, beating the consensus estimate of $2.88 by $0.75. PulteGroup had a net margin of 16.13% and a return on equity of 31.85%. The company had revenue of $5.17 billion during the quarter, compared to the consensus estimate of $4.59 billion. The firm’s quarterly revenue was up 18.7% compared to the same quarter last year. During the same quarter last year, the firm earned $2.51 earnings per share. Analysts predict that PulteGroup, Inc. will post 7.34 earnings per share for the current fiscal year.

PulteGroup Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, April 4th. Stockholders of record on Monday, March 20th will be paid a $0.16 dividend. This represents a $0.64 annualized dividend and a dividend yield of 1.15%. The ex-dividend date is Friday, March 17th. PulteGroup’s dividend payout ratio is currently 5.77%.

Analyst Ratings Changes

A number of brokerages have recently weighed in on PHM. Wedbush lifted their target price on shares of PulteGroup from $47.00 to $57.00 and gave the company a “neutral” rating in a research note on Wednesday, February 1st. StockNews.com initiated coverage on PulteGroup in a research report on Thursday. They set a “buy” rating on the stock. The Goldman Sachs Group increased their target price on PulteGroup from $45.00 to $50.00 and gave the stock a “neutral” rating in a research report on Thursday, January 12th. Barclays lifted their price target on PulteGroup from $58.00 to $75.00 in a research report on Sunday, February 5th. Finally, Royal Bank of Canada increased their price objective on PulteGroup from $46.00 to $54.00 and gave the stock a “sector perform” rating in a report on Wednesday, February 1st. Four investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $61.69.

PulteGroup Company Profile

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PulteGroup, Inc engages in the homebuilding business. The firm is also involved in mortgage banking and title and insurance brokerage operations. It operates through the Homebuilding and Financial services business segments. The Homebuilding segment includes operations from Connecticut, Maryland, Massachusetts, New Jersey, New York, Pennsylvania, Virginia, Georgia, North Carolina, South Carolina, Tennessee, Florida, Illinois, Indiana, Kentucky, Michigan, Minnesota, Missouri, Ohio, Texas, Arizona, California, Nevada, New Mexico, and Washington.