Quantinno Capital Management LP Has $8.34 Million Stake in PulteGroup, Inc. (NYSE:PHM)

Quantinno Capital Management LP lifted its position in shares of PulteGroup, Inc. (NYSE:PHM - Free Report) by 25.8% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 58,124 shares of the construction company's stock after acquiring an additional 11,912 shares during the period. Quantinno Capital Management LP's holdings in PulteGroup were worth $8,343,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also made changes to their positions in PHM. FMR LLC raised its position in PulteGroup by 102.3% during the third quarter. FMR LLC now owns 9,040,828 shares of the construction company's stock valued at $1,297,630,000 after purchasing an additional 4,571,757 shares in the last quarter. Greenhaven Associates Inc. increased its stake in shares of PulteGroup by 0.3% in the 3rd quarter. Greenhaven Associates Inc. now owns 5,593,179 shares of the construction company's stock valued at $802,789,000 after purchasing an additional 16,871 shares during the last quarter. Pacer Advisors Inc. raised its holdings in shares of PulteGroup by 8.6% during the 2nd quarter. Pacer Advisors Inc. now owns 2,968,788 shares of the construction company's stock worth $326,864,000 after buying an additional 235,826 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position in shares of PulteGroup by 7.8% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,864,040 shares of the construction company's stock worth $267,546,000 after buying an additional 135,391 shares during the last quarter. Finally, Hsbc Holdings PLC boosted its stake in PulteGroup by 19.6% in the second quarter. Hsbc Holdings PLC now owns 1,529,698 shares of the construction company's stock valued at $168,254,000 after buying an additional 250,937 shares in the last quarter. Institutional investors and hedge funds own 89.90% of the company's stock.

Analyst Upgrades and Downgrades

Several research analysts have commented on PHM shares. UBS Group boosted their target price on PulteGroup from $148.00 to $154.00 and gave the stock a "neutral" rating in a research note on Wednesday, October 23rd. Oppenheimer decreased their price target on shares of PulteGroup from $168.00 to $165.00 and set an "outperform" rating on the stock in a report on Wednesday, October 23rd. BTIG Research increased their price objective on shares of PulteGroup from $139.00 to $156.00 and gave the company a "buy" rating in a research note on Wednesday, October 23rd. Evercore ISI decreased their target price on shares of PulteGroup from $198.00 to $195.00 and set an "outperform" rating on the stock in a research note on Wednesday, October 23rd. Finally, Wells Fargo & Company upped their price target on shares of PulteGroup from $150.00 to $165.00 and gave the stock an "overweight" rating in a report on Monday, October 7th. Six analysts have rated the stock with a hold rating and eleven have given a buy rating to the company's stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $145.00.

PulteGroup Trading Down 0.9 %

Shares of NYSE PHM traded down $1.12 during trading on Friday, reaching $126.75. The company had a trading volume of 1,696,835 shares, compared to its average volume of 1,819,965. The stock has a market cap of $25.99 billion, a P/E ratio of 9.35, a PEG ratio of 0.55 and a beta of 1.62. The company's fifty day moving average price is $135.06 and its 200-day moving average price is $126.85. The company has a quick ratio of 0.73, a current ratio of 0.73 and a debt-to-equity ratio of 0.14. PulteGroup, Inc. has a 12 month low of $92.49 and a 12 month 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 EPS for the quarter, beating the consensus estimate of $3.10 by $0.25. PulteGroup had a return on equity of 25.30% and a net margin of 16.64%. The business had revenue of $4.48 billion for the quarter, compared to analysts' expectations of $4.27 billion. During the same period in the prior year, the business posted $2.90 earnings per share. The firm's revenue was up 11.8% on a year-over-year basis. As a group, research analysts expect that PulteGroup, Inc. will post 12.94 earnings per share for the current year.

PulteGroup Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, January 3rd. Shareholders of record on Tuesday, December 17th will be issued a dividend of $0.22 per share. This is an increase from PulteGroup's previous quarterly dividend of $0.20. This represents a $0.88 dividend on an annualized basis and a yield of 0.69%. The ex-dividend date of this dividend is Tuesday, December 17th. PulteGroup's dividend payout ratio (DPR) is presently 5.90%.

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.