Allianz Asset Management GmbH Sells 141,836 Shares of PulteGroup, Inc. $PHM

Allianz Asset Management GmbH trimmed its holdings in shares of PulteGroup, Inc. (NYSE:PHM) by 29.2% during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 343,714 shares of the construction company’s stock after selling 141,836 shares during the period. Allianz Asset Management GmbH owned approximately 0.18% of PulteGroup worth $45,415,000 as of its most recent filing with the SEC.

Other large investors also recently modified their holdings of the company. Focus Partners Wealth grew its holdings in PulteGroup by 20.5% in the first quarter. Focus Partners Wealth now owns 12,517 shares of the construction company’s stock worth $1,287,000 after purchasing an additional 2,128 shares during the period. Wealthcare Advisory Partners LLC bought a new position in shares of PulteGroup during the 2nd quarter worth about $266,000. Shell Asset Management Co. boosted its position in shares of PulteGroup by 55.7% during the 2nd quarter. Shell Asset Management Co. now owns 18,052 shares of the construction company’s stock worth $1,904,000 after purchasing an additional 6,459 shares in the last quarter. REAP Financial Group LLC grew its stake in shares of PulteGroup by 188.1% in the 2nd quarter. REAP Financial Group LLC now owns 533 shares of the construction company’s stock valued at $56,000 after buying an additional 348 shares during the period. Finally, Vontobel Holding Ltd. increased its position in PulteGroup by 10.7% in the 2nd quarter. Vontobel Holding Ltd. now owns 134,341 shares of the construction company’s stock valued at $14,168,000 after buying an additional 13,003 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 issued reports on the company. Zacks Research lowered PulteGroup from a “hold” rating to a “strong sell” rating in a report on Monday, January 26th. The Goldman Sachs Group reiterated a “neutral” rating and issued a $144.00 target price on shares of PulteGroup in a report on Tuesday, January 13th. Citigroup lifted their price target on shares of PulteGroup from $128.00 to $136.00 and gave the company a “neutral” rating in a research report on Tuesday. Wedbush restated an “outperform” rating and set a $150.00 price objective on shares of PulteGroup in a report on Tuesday, October 21st. Finally, Raymond James Financial reiterated an “outperform” rating and set a $145.00 price objective on shares of PulteGroup in a report on Wednesday. Nine equities research analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $140.15.

PulteGroup Trading Down 0.5%

NYSE PHM opened at $133.84 on Friday. The company has a current ratio of 1.01, a quick ratio of 0.81 and a debt-to-equity ratio of 0.13. The business has a fifty day simple moving average of $125.18 and a 200 day simple moving average of $125.27. PulteGroup, Inc. has a 12 month low of $88.07 and a 12 month high of $142.11. The firm has a market capitalization of $26.09 billion, a P/E ratio of 12.04, a PEG ratio of 1.48 and a beta of 1.33.

PulteGroup Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, April 2nd. Shareholders of record on Tuesday, March 17th will be paid a $0.26 dividend. The ex-dividend date is Tuesday, March 17th. This represents a $1.04 annualized dividend and a yield of 0.8%. PulteGroup’s dividend payout ratio (DPR) is 9.35%.

PulteGroup Company Profile

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.