PulteGroup, Inc. (NYSE:PHM) Holdings Decreased by Jacobs Levy Equity Management Inc.

Jacobs Levy Equity Management Inc. lessened its stake in shares of PulteGroup, Inc. (NYSE:PHM - Free Report) by 7.9% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 134,382 shares of the construction company's stock after selling 11,451 shares during the quarter. Jacobs Levy Equity Management Inc. owned approximately 0.07% of PulteGroup worth $19,288,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in PHM. Cetera Advisors LLC increased its position in PulteGroup by 25.9% during the 1st quarter. Cetera Advisors LLC now owns 15,253 shares of the construction company's stock worth $1,840,000 after purchasing an additional 3,136 shares in the last quarter. Mather Group LLC. grew its holdings in PulteGroup by 13.7% in the 2nd quarter. Mather Group LLC. now owns 1,542 shares of the construction company's stock valued at $186,000 after buying an additional 186 shares during the period. CX Institutional grew its holdings in PulteGroup by 127.0% in the 2nd quarter. CX Institutional now owns 3,603 shares of the construction company's stock valued at $397,000 after buying an additional 2,016 shares during the period. Duncan Williams Asset Management LLC grew its holdings in PulteGroup by 9.5% in the 2nd quarter. Duncan Williams Asset Management LLC now owns 7,179 shares of the construction company's stock valued at $790,000 after buying an additional 621 shares during the period. Finally, OLD National Bancorp IN grew its holdings in PulteGroup by 26.9% in the 2nd quarter. OLD National Bancorp IN now owns 3,162 shares of the construction company's stock valued at $348,000 after buying an additional 670 shares during the period. Hedge funds and other institutional investors own 89.90% of the company's stock.

PulteGroup Stock Down 1.1 %

PulteGroup stock traded down $1.44 during midday trading on Thursday, hitting $127.86. 1,574,296 shares of the company were exchanged, compared to its average volume of 1,820,489. The company's fifty day moving average price is $135.39 and its 200-day moving average price is $126.80. The company has a market cap of $26.22 billion, a PE ratio of 9.43, a price-to-earnings-growth ratio of 0.55 and a beta of 1.62. The company has a debt-to-equity ratio of 0.14, a current ratio of 0.73 and a quick ratio of 0.73. PulteGroup, Inc. has a fifty-two week low of $92.00 and a fifty-two week high of $149.47.

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

PulteGroup Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, January 3rd. Shareholders of record on Tuesday, December 17th will be given a $0.22 dividend. This represents a $0.88 dividend on an annualized basis and a dividend yield of 0.69%. This is a positive change from PulteGroup's previous quarterly dividend of $0.20. The ex-dividend date is Tuesday, December 17th. PulteGroup's dividend payout ratio is presently 5.90%.

Analyst Upgrades and Downgrades

Several analysts have commented on the company. Wedbush restated a "neutral" rating and issued a $115.00 price target on shares of PulteGroup in a report on Tuesday, October 22nd. Oppenheimer lowered their price target on PulteGroup from $168.00 to $165.00 and set an "outperform" rating for the company in a report on Wednesday, October 23rd. Wolfe Research cut PulteGroup from an "outperform" rating to a "peer perform" rating in a report on Wednesday, August 14th. Evercore ISI decreased their target price on PulteGroup from $198.00 to $195.00 and set an "outperform" rating for the company in a report on Wednesday, October 23rd. Finally, Bank of America boosted their target price on PulteGroup from $138.00 to $160.00 and gave the stock a "buy" rating in a report on Thursday, September 19th. Six analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $145.00.

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.