PulteGroup, Inc. (NYSE:PHM) Shares Sold by Strategic Investment Advisors MI

Strategic Investment Advisors MI reduced its position in shares of PulteGroup, Inc. (NYSE:PHM) by 11.4% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 6,371 shares of the construction company’s stock after selling 817 shares during the period. Strategic Investment Advisors MI’s holdings in PulteGroup were worth $694,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of PHM. Thrivent Financial for Lutherans boosted its stake in shares of PulteGroup by 23.1% during the 2nd quarter. Thrivent Financial for Lutherans now owns 18,364 shares of the construction company’s stock worth $2,022,000 after purchasing an additional 3,446 shares during the last quarter. Public Sector Pension Investment Board boosted its position in shares of PulteGroup by 61.3% in the second quarter. Public Sector Pension Investment Board now owns 7,817 shares of the construction company’s stock worth $861,000 after acquiring an additional 2,970 shares during the last quarter. APG Asset Management N.V. boosted its position in shares of PulteGroup by 147.0% in the second quarter. APG Asset Management N.V. now owns 26,383 shares of the construction company’s stock worth $2,710,000 after acquiring an additional 15,700 shares during the last quarter. MBB Public Markets I LLC acquired a new stake in shares of PulteGroup in the second quarter worth approximately $1,729,000. Finally, Scientech Research LLC acquired a new stake in shares of PulteGroup in the second quarter worth approximately $727,000. 89.90% of the stock is owned by institutional investors and hedge funds.

PulteGroup Stock Down 0.7 %

Shares of NYSE:PHM opened at $115.66 on Monday. The company has a current ratio of 0.73, a quick ratio of 0.73 and a debt-to-equity ratio of 0.14. The company has a fifty day simple moving average of $119.02 and a 200 day simple moving average of $127.42. The firm has a market cap of $23.72 billion, a PE ratio of 8.53, a price-to-earnings-growth ratio of 0.46 and a beta of 1.67. PulteGroup, Inc. has a 12-month low of $100.24 and a 12-month high of $149.47.

PulteGroup Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, January 3rd. Investors of record on Tuesday, December 17th were paid a $0.22 dividend. This represents a $0.88 dividend on an annualized basis and a dividend yield of 0.76%. The ex-dividend date was Tuesday, December 17th. This is a positive change from PulteGroup’s previous quarterly dividend of $0.20. PulteGroup’s payout ratio is 6.49%.

Analyst Ratings Changes

Several research firms recently issued reports on PHM. StockNews.com cut shares of PulteGroup from a “buy” rating to a “hold” rating in a research report on Wednesday, December 11th. Oppenheimer decreased their target price on shares of PulteGroup from $168.00 to $165.00 and set an “outperform” rating on the stock in a research report on Wednesday, October 23rd. BTIG Research raised their target price on shares of PulteGroup from $139.00 to $156.00 and gave the stock a “buy” rating in a research report on Wednesday, October 23rd. JPMorgan Chase & Co. cut their price target on shares of PulteGroup from $162.00 to $155.00 and set an “overweight” rating on the stock in a report on Friday, December 13th. Finally, Barclays cut their price target on shares of PulteGroup from $140.00 to $125.00 and set an “equal weight” rating on the stock in a report on Thursday, January 16th. Six investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. According to MarketBeat, PulteGroup currently has a consensus rating of “Moderate Buy” and an average target price of $144.14.

PulteGroup 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.