Barclays PLC Cuts Stock Position in PulteGroup, Inc. (NYSE:PHM)

Barclays PLC lessened its holdings in PulteGroup, Inc. (NYSE:PHM - Free Report) by 26.6% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 479,296 shares of the construction company's stock after selling 173,797 shares during the period. Barclays PLC owned approximately 0.23% of PulteGroup worth $68,796,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of PHM. Trustmark National Bank Trust Department lifted its stake in shares of PulteGroup by 39.8% in the 3rd quarter. Trustmark National Bank Trust Department now owns 39,589 shares of the construction company's stock valued at $5,682,000 after purchasing an additional 11,269 shares during the last quarter. New Millennium Group LLC raised its holdings in PulteGroup by 10,625.8% during the 3rd quarter. New Millennium Group LLC now owns 9,546 shares of the construction company's stock valued at $1,370,000 after buying an additional 9,457 shares during the period. Systematic Financial Management LP lifted its position in PulteGroup by 3.9% in the third quarter. Systematic Financial Management LP now owns 130,257 shares of the construction company's stock worth $18,696,000 after buying an additional 4,840 shares during the last quarter. Vision Capital Corp purchased a new position in PulteGroup during the third quarter worth $22,348,000. Finally, Blair William & Co. IL increased its position in PulteGroup by 25.1% during the second quarter. Blair William & Co. IL now owns 34,127 shares of the construction company's stock valued at $3,757,000 after acquiring an additional 6,858 shares during the last quarter. Hedge funds and other institutional investors own 89.90% of the company's stock.

Analyst Ratings Changes

PHM has been the subject of a number of recent analyst reports. UBS Group lifted their price target on shares of PulteGroup from $148.00 to $154.00 and gave the stock a "neutral" rating in a research note on Wednesday, October 23rd. Wells Fargo & Company raised their price objective on shares of PulteGroup from $150.00 to $165.00 and gave the stock an "overweight" rating in a research note on Monday, October 7th. Wedbush reaffirmed a "neutral" rating and set a $115.00 target price on shares of PulteGroup in a research note on Tuesday, October 22nd. BTIG Research increased their price target on PulteGroup from $139.00 to $156.00 and gave the stock a "buy" rating in a report on Wednesday, October 23rd. Finally, StockNews.com cut PulteGroup from a "buy" rating to a "hold" rating in a report on Wednesday. Eight investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. According to data from MarketBeat.com, PulteGroup has an average rating of "Moderate Buy" and an average target price of $144.29.

PulteGroup Stock Down 1.0 %

NYSE PHM traded down $1.22 during trading on Thursday, reaching $120.69. 1,895,861 shares of the company's stock traded hands, compared to its average volume of 1,825,003. PulteGroup, Inc. has a 12-month low of $95.36 and a 12-month high of $149.47. The company has a debt-to-equity ratio of 0.14, a current ratio of 0.73 and a quick ratio of 0.73. The firm has a market cap of $24.75 billion, a price-to-earnings ratio of 8.89, a price-to-earnings-growth ratio of 0.52 and a beta of 1.62. The company's 50 day simple moving average is $133.94 and its two-hundred day simple moving average is $127.15.

PulteGroup (NYSE:PHM - Get Free Report) last issued its quarterly earnings data on Tuesday, October 22nd. The construction company reported $3.35 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.10 by $0.25. The company had revenue of $4.48 billion for the quarter, compared to analyst estimates of $4.27 billion. PulteGroup had a net margin of 16.64% and a return on equity of 25.30%. PulteGroup's revenue was up 11.8% compared to the same quarter last year. During the same period last year, the company posted $2.90 earnings per share. As a group, sell-side analysts forecast that PulteGroup, Inc. will post 12.94 EPS for the current fiscal year.

PulteGroup Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, January 3rd. Stockholders of record on Tuesday, December 17th will be given a $0.22 dividend. This represents a $0.88 annualized dividend and a dividend yield of 0.73%. This is a positive change from PulteGroup's previous quarterly dividend of $0.20. The ex-dividend date is Tuesday, December 17th. PulteGroup's payout ratio is presently 6.49%.

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.