PulteGroup, Inc. $PHM Shares Sold by Allianz Asset Management GmbH

Allianz Asset Management GmbH trimmed its holdings in shares of PulteGroup, Inc. (NYSE:PHM) by 10.0% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 485,550 shares of the construction company’s stock after selling 53,666 shares during the quarter. Allianz Asset Management GmbH owned approximately 0.25% of PulteGroup worth $51,206,000 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in PHM. Nuveen LLC acquired a new position in shares of PulteGroup during the 1st quarter worth approximately $213,092,000. Pacer Advisors Inc. raised its stake in PulteGroup by 2,586.8% in the 1st quarter. Pacer Advisors Inc. now owns 1,166,902 shares of the construction company’s stock valued at $119,958,000 after purchasing an additional 1,123,471 shares during the last quarter. JPMorgan Chase & Co. raised its stake in PulteGroup by 40.3% in the 1st quarter. JPMorgan Chase & Co. now owns 3,486,330 shares of the construction company’s stock valued at $358,395,000 after purchasing an additional 1,001,290 shares during the last quarter. AustralianSuper Pty Ltd raised its stake in PulteGroup by 219.2% in the 1st quarter. AustralianSuper Pty Ltd now owns 1,039,107 shares of the construction company’s stock valued at $106,820,000 after purchasing an additional 713,534 shares during the last quarter. Finally, Alyeska Investment Group L.P. acquired a new position in PulteGroup in the 1st quarter valued at $53,262,000. 89.90% of the stock is owned by institutional investors and hedge funds.

PulteGroup Stock Up 0.3%

Shares of PHM opened at $124.29 on Friday. PulteGroup, Inc. has a 52-week low of $88.07 and a 52-week high of $149.47. The company has a market capitalization of $24.52 billion, a PE ratio of 9.29, a price-to-earnings-growth ratio of 0.36 and a beta of 1.29. The stock has a fifty day simple moving average of $130.81 and a two-hundred day simple moving average of $113.62. The company has a quick ratio of 0.77, a current ratio of 0.77 and a debt-to-equity ratio of 0.13.

PulteGroup (NYSE:PHM) last issued its earnings results on Tuesday, July 22nd. The construction company reported $3.03 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.92 by $0.11. PulteGroup had a return on equity of 21.01% and a net margin of 15.50%.The business had revenue of $4.40 billion during the quarter, compared to the consensus estimate of $4.42 billion. During the same period last year, the company earned $3.83 EPS. The company’s revenue for the quarter was down 4.3% on a year-over-year basis. As a group, equities analysts forecast that PulteGroup, Inc. will post 12.32 EPS for the current year.

PulteGroup Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, October 2nd. Investors of record on Tuesday, September 16th were given a dividend of $0.22 per share. This represents a $0.88 dividend on an annualized basis and a dividend yield of 0.7%. The ex-dividend date of this dividend was Tuesday, September 16th. PulteGroup’s dividend payout ratio (DPR) is presently 6.58%.

Analyst Upgrades and Downgrades

Several research analysts recently commented on the company. Oppenheimer increased their price objective on PulteGroup from $132.00 to $140.00 and gave the company an “outperform” rating in a research note on Wednesday, July 23rd. UBS Group increased their price objective on PulteGroup from $141.00 to $150.00 and gave the company a “buy” rating in a research note on Wednesday, July 23rd. Seaport Res Ptn raised PulteGroup from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, July 22nd. Royal Bank Of Canada increased their price objective on PulteGroup from $109.00 to $112.00 and gave the company a “sector perform” rating in a research note on Wednesday, July 23rd. Finally, Raymond James Financial reissued an “outperform” rating and issued a $140.00 price objective (up from $115.00) on shares of PulteGroup in a research note on Wednesday, July 23rd. One analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and seven have given a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $136.92.

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.