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

Robeco Institutional Asset Management B.V. lessened its holdings in PulteGroup, Inc. (NYSE:PHM - Free Report) by 15.5% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 600,507 shares of the construction company's stock after selling 110,201 shares during the period. Robeco Institutional Asset Management B.V. owned about 0.29% of PulteGroup worth $65,395,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Logan Capital Management Inc. increased its position in PulteGroup by 67.7% during the 3rd quarter. Logan Capital Management Inc. now owns 14,797 shares of the construction company's stock worth $2,124,000 after purchasing an additional 5,976 shares in the last quarter. Sanctuary Advisors LLC increased its holdings in shares of PulteGroup by 38.1% during the third quarter. Sanctuary Advisors LLC now owns 121,299 shares of the construction company's stock worth $17,410,000 after buying an additional 33,472 shares in the last quarter. 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 acquiring an additional 11,269 shares during the last quarter. Systematic Financial Management LP boosted its holdings in shares of PulteGroup by 3.9% during the 3rd quarter. Systematic Financial Management LP now owns 130,257 shares of the construction company's stock valued at $18,696,000 after acquiring an additional 4,840 shares in the last quarter. Finally, New Millennium Group LLC boosted its holdings in shares of 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 acquiring an additional 9,457 shares in the last quarter. Institutional investors own 89.90% of the company's stock.

PulteGroup Stock Up 5.7 %

Shares of NYSE:PHM traded up $6.39 during trading on Thursday, reaching $119.38. 839,563 shares of the stock were exchanged, compared to its average volume of 2,029,132. PulteGroup, Inc. has a 1-year low of $100.24 and a 1-year high of $149.47. The stock has a fifty day moving average of $118.53 and a two-hundred day moving average of $127.58. 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 $24.48 billion, a price-to-earnings ratio of 8.79, a price-to-earnings-growth ratio of 0.46 and a beta of 1.67.

PulteGroup (NYSE:PHM - Get Free Report) last released its quarterly earnings data on Thursday, January 30th. The construction company reported $3.50 earnings per share for the quarter, beating analysts' consensus estimates of $3.28 by $0.22. PulteGroup had a net margin of 16.64% and a return on equity of 25.30%. Research analysts anticipate that PulteGroup, Inc. will post 12.96 earnings per share for the current fiscal year.

PulteGroup Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, January 3rd. Shareholders of record on Tuesday, December 17th were issued a dividend of $0.22 per share. This is a positive change from PulteGroup's previous quarterly dividend of $0.20. This represents a $0.88 dividend on an annualized basis and a yield of 0.74%. The ex-dividend date was Tuesday, December 17th. PulteGroup's payout ratio is currently 6.49%.

Wall Street Analysts Forecast Growth

PHM has been the subject of several research reports. Wedbush upgraded PulteGroup from a "neutral" rating to an "outperform" rating and set a $135.00 target price for the company in a research report on Friday, January 3rd. Seaport Res Ptn lowered shares of PulteGroup from a "hold" rating to a "strong sell" rating in a report on Monday. BTIG Research upped their price target on shares of PulteGroup from $139.00 to $156.00 and gave the company a "buy" rating in a research report on Wednesday, October 23rd. The Goldman Sachs Group dropped their price target on shares of PulteGroup from $140.00 to $124.00 and set a "neutral" rating for the company in a research note on Tuesday, January 14th. Finally, Barclays reduced their price objective on shares of PulteGroup from $140.00 to $125.00 and set an "equal weight" rating on the stock in a research note on Thursday, January 16th. One analyst has rated the stock with a sell rating, six have given a hold rating and eleven have issued a buy rating to the stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $142.29.

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.