Robeco Institutional Asset Management B.V. Reduces Position in PulteGroup, Inc. (NYSE:PHM)

Robeco Institutional Asset Management B.V. decreased its holdings in PulteGroup, Inc. (NYSE:PHM) by 15.5% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm 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 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Fortitude Family Office LLC grew its position in shares of PulteGroup by 115.1% during the 3rd quarter. Fortitude Family Office LLC now owns 185 shares of the construction company’s stock worth $27,000 after buying an additional 99 shares in the last quarter. Transcendent Capital Group LLC bought a new position in shares of PulteGroup during the 3rd quarter worth approximately $29,000. R Squared Ltd purchased a new stake in shares of PulteGroup during the 4th quarter valued at $39,000. JNBA Financial Advisors acquired a new stake in PulteGroup in the third quarter worth about $43,000. Finally, Thurston Springer Miller Herd & Titak Inc. increased its holdings in shares of PulteGroup by 1,059.3% during the third quarter. Thurston Springer Miller Herd & Titak Inc. now owns 313 shares of the construction company’s stock valued at $45,000 after acquiring an additional 286 shares in the last quarter. Institutional investors own 89.90% of the company’s stock.

Analysts Set New Price Targets

Several research firms recently issued reports on PHM. Barclays cut their target price on PulteGroup from $140.00 to $125.00 and set an “equal weight” rating on the stock in a research report on Thursday, January 16th. Wedbush raised shares of PulteGroup from a “neutral” rating to an “outperform” rating and set a $135.00 price target on the stock in a report on Friday, January 3rd. JPMorgan Chase & Co. lowered their price target on PulteGroup from $162.00 to $155.00 and set an “overweight” rating on the stock in a research report on Friday, December 13th. StockNews.com lowered shares of PulteGroup from a “buy” rating to a “hold” rating in a research report on Wednesday, December 11th. Finally, The Goldman Sachs Group reduced their price objective on PulteGroup from $140.00 to $124.00 and set a “neutral” rating for the company in a research note on Tuesday, January 14th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and eleven have given a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $142.29.

PulteGroup Stock Down 1.9 %

Shares of NYSE:PHM opened at $112.90 on Thursday. 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 market capitalization of $23.15 billion, a price-to-earnings ratio of 8.33, a PEG ratio of 0.46 and a beta of 1.67. The business has a 50-day moving average price of $118.53 and a 200 day moving average price of $127.58. PulteGroup, Inc. has a 12-month low of $100.24 and a 12-month high of $149.47.

PulteGroup Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, January 3rd. Investors of record on Tuesday, December 17th were issued a dividend of $0.22 per share. This represents a $0.88 dividend on an annualized basis and a yield of 0.78%. This is a boost from PulteGroup’s previous quarterly dividend of $0.20. The ex-dividend date of this dividend was Tuesday, December 17th. PulteGroup’s dividend payout ratio (DPR) is 6.49%.

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.