PulteGroup, Inc. $PHM Shares Sold by AEGON ASSET MANAGEMENT UK Plc

AEGON ASSET MANAGEMENT UK Plc lessened its stake in shares of PulteGroup, Inc. (NYSE:PHM) by 17.0% in the third quarter, according to its most recent filing with the SEC. The fund owned 307,947 shares of the construction company’s stock after selling 63,081 shares during the period. AEGON ASSET MANAGEMENT UK Plc owned about 0.16% of PulteGroup worth $40,698,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Focus Partners Wealth lifted its holdings in shares of PulteGroup by 20.5% during the first quarter. Focus Partners Wealth now owns 12,517 shares of the construction company’s stock valued at $1,287,000 after purchasing an additional 2,128 shares during the last quarter. Fifth Third Bancorp raised its holdings in PulteGroup by 2.4% during the 2nd quarter. Fifth Third Bancorp now owns 7,456 shares of the construction company’s stock worth $786,000 after buying an additional 177 shares during the period. Ballentine Partners LLC lifted its stake in PulteGroup by 3.2% during the second quarter. Ballentine Partners LLC now owns 3,630 shares of the construction company’s stock valued at $383,000 after buying an additional 112 shares in the last quarter. TD Private Client Wealth LLC boosted its holdings in shares of PulteGroup by 25.5% in the second quarter. TD Private Client Wealth LLC now owns 3,168 shares of the construction company’s stock worth $334,000 after buying an additional 644 shares during the period. Finally, Kathmere Capital Management LLC increased its position in shares of PulteGroup by 9.4% in the second quarter. Kathmere Capital Management LLC now owns 5,689 shares of the construction company’s stock worth $600,000 after acquiring an additional 487 shares in the last quarter. 89.90% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

PHM has been the subject of several research analyst reports. Barclays set a $115.00 price target on shares of PulteGroup in a research report on Monday, December 8th. Citizens Jmp initiated coverage on PulteGroup in a report on Wednesday, January 7th. They issued a “market outperform” rating and a $145.00 target price for the company. UBS Group decreased their target price on PulteGroup from $160.00 to $159.00 and set a “buy” rating for the company in a research report on Tuesday, January 6th. Bank of America dropped their price target on PulteGroup from $145.00 to $140.00 and set a “buy” rating on the stock in a research report on Friday, October 10th. Finally, JPMorgan Chase & Co. raised their price objective on PulteGroup from $136.00 to $149.00 and gave the stock an “overweight” rating in a research report on Thursday, December 4th. Nine investment analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $138.85.

PulteGroup Price Performance

Shares of PHM opened at $125.15 on Monday. The company has a debt-to-equity ratio of 0.13, a quick ratio of 0.81 and a current ratio of 0.81. The firm has a market cap of $24.39 billion, a PE ratio of 9.63, a PEG ratio of 1.02 and a beta of 1.33. The firm’s 50 day moving average price is $123.70 and its 200 day moving average price is $124.41. PulteGroup, Inc. has a twelve month low of $88.07 and a twelve month high of $142.11.

PulteGroup Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, January 6th. Shareholders of record on Tuesday, December 16th were given a dividend of $0.26 per share. The ex-dividend date of this dividend was Tuesday, December 16th. This is a positive change from PulteGroup’s previous quarterly dividend of $0.22. This represents a $1.04 annualized dividend and a yield of 0.8%. PulteGroup’s dividend payout ratio (DPR) is currently 8.01%.

About PulteGroup

PulteGroup, Inc (NYSE: PHM) is a U.S.-based residential homebuilder that designs, constructs and sells single-family homes and develops master-planned communities. The company operates multiple national and regional brands that target different buyer segments, including first-time buyers, move-up buyers and active-adult customers. Its operations encompass land acquisition and development, home design and construction, community amenities and ongoing customer service and warranty programs.

PulteGroup markets homes under several well-known brands, such as Pulte Homes, Centex and Del Webb, among others, offering a range of product types from entry-level detached homes to larger, higher-end residences and age-restricted active-adult communities.