KBC Group NV Lowers Position in PulteGroup, Inc. (NYSE:PHM)

KBC Group NV trimmed its stake in shares of PulteGroup, Inc. (NYSE:PHM) by 64.5% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 154,659 shares of the construction company’s stock after selling 281,266 shares during the period. KBC Group NV owned 0.08% of PulteGroup worth $16,842,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Grove Bank & Trust boosted its holdings in shares of PulteGroup by 18.4% during the 3rd quarter. Grove Bank & Trust now owns 463 shares of the construction company’s stock valued at $66,000 after purchasing an additional 72 shares during the last quarter. Cromwell Holdings LLC boosted its stake in PulteGroup by 17.2% during the third quarter. Cromwell Holdings LLC now owns 565 shares of the construction company’s stock valued at $81,000 after buying an additional 83 shares during the last quarter. Concord Wealth Partners increased its stake in PulteGroup by 1.7% in the 3rd quarter. Concord Wealth Partners now owns 5,002 shares of the construction company’s stock worth $718,000 after acquiring an additional 83 shares during the last quarter. Ashton Thomas Private Wealth LLC increased its stake in PulteGroup by 3.0% in the 3rd quarter. Ashton Thomas Private Wealth LLC now owns 3,054 shares of the construction company’s stock worth $438,000 after acquiring an additional 88 shares during the last quarter. Finally, Premier Path Wealth Partners LLC increased its stake in PulteGroup by 3.8% in the 4th quarter. Premier Path Wealth Partners LLC now owns 2,572 shares of the construction company’s stock worth $280,000 after acquiring an additional 95 shares during the last quarter. 89.90% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of research analysts recently weighed in on PHM shares. BTIG Research raised their target price on shares of PulteGroup from $139.00 to $156.00 and gave the company a “buy” rating in a report on Wednesday, October 23rd. Barclays reduced their target price on shares of PulteGroup from $140.00 to $125.00 and set an “equal weight” rating on the stock in a report on Thursday, January 16th. Citigroup decreased their target price on shares of PulteGroup from $146.00 to $119.00 and set a “neutral” rating on the stock in a research report on Monday, January 6th. UBS Group upgraded PulteGroup from a “neutral” rating to a “buy” rating and decreased their price objective for the company from $154.00 to $148.00 in a research report on Wednesday, January 8th. Finally, Wells Fargo & Company dropped their target price on PulteGroup from $165.00 to $140.00 and set an “overweight” rating for the company in a report on Tuesday, December 17th. Six investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. According to MarketBeat.com, PulteGroup presently has a consensus rating of “Moderate Buy” and a consensus target price of $142.29.

PulteGroup Trading Down 2.5 %

Shares of PHM opened at $115.05 on Wednesday. The firm has a market capitalization of $23.59 billion, a price-to-earnings ratio of 8.48, a PEG ratio of 0.46 and a beta of 1.67. The company has a debt-to-equity ratio of 0.14, a current ratio of 0.73 and a quick ratio of 0.73. PulteGroup, Inc. has a 1-year low of $100.24 and a 1-year high of $149.47. The company has a 50-day moving average of $118.80 and a 200 day moving average of $127.59.

PulteGroup Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, January 3rd. Investors of record on Tuesday, December 17th were issued a $0.22 dividend. This is a positive change from PulteGroup’s previous quarterly dividend of $0.20. The ex-dividend date was Tuesday, December 17th. This represents a $0.88 dividend on an annualized basis and a dividend yield of 0.76%. PulteGroup’s payout ratio is presently 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.