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

Allianz Asset Management GmbH lowered its holdings in PulteGroup, Inc. (NYSE:PHM) by 29.2% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 343,714 shares of the construction company’s stock after selling 141,836 shares during the period. Allianz Asset Management GmbH’s holdings in PulteGroup were worth $45,415,000 as of its most recent SEC filing.

Several other large investors have also recently made changes to their positions in the business. Peak Retirement Planning Inc. raised its stake in shares of PulteGroup by 12.8% during the 3rd quarter. Peak Retirement Planning Inc. now owns 16,605 shares of the construction company’s stock worth $2,194,000 after purchasing an additional 1,886 shares during the period. AGF Management Ltd. bought a new stake in PulteGroup in the third quarter worth about $174,347,000. Jones Financial Companies Lllp boosted its stake in PulteGroup by 8.6% in the third quarter. Jones Financial Companies Lllp now owns 5,916 shares of the construction company’s stock valued at $776,000 after acquiring an additional 467 shares during the last quarter. United Community Bank grew its position in shares of PulteGroup by 23.0% during the 3rd quarter. United Community Bank now owns 4,843 shares of the construction company’s stock valued at $640,000 after acquiring an additional 906 shares during the period. Finally, FDx Advisors Inc. purchased a new stake in shares of PulteGroup during the 3rd quarter worth approximately $222,000. 89.90% of the stock is owned by hedge funds and other institutional investors.

PulteGroup Stock Performance

NYSE:PHM opened at $133.84 on Friday. The business’s fifty day moving average is $125.18 and its 200 day moving average is $125.27. The firm has a market cap of $26.09 billion, a price-to-earnings ratio of 12.04, a PEG ratio of 1.48 and a beta of 1.33. The company has a debt-to-equity ratio of 0.13, a quick ratio of 0.81 and a current ratio of 1.01. PulteGroup, Inc. has a 52-week low of $88.07 and a 52-week high of $142.11.

PulteGroup Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, April 2nd. Stockholders of record on Tuesday, March 17th will be issued a $0.26 dividend. This represents a $1.04 dividend on an annualized basis and a dividend yield of 0.8%. The ex-dividend date of this dividend is Tuesday, March 17th. PulteGroup’s dividend payout ratio is presently 9.35%.

Analyst Ratings Changes

PHM has been the topic of several research analyst reports. Bank of America dropped their price objective on PulteGroup from $145.00 to $140.00 and set a “buy” rating on the stock in a research note on Friday, October 10th. Citigroup upped their price target on PulteGroup from $128.00 to $136.00 and gave the company a “neutral” rating in a research report on Tuesday. Evercore ISI increased their price target on PulteGroup from $134.00 to $143.00 in a research note on Friday, January 30th. Royal Bank Of Canada boosted their price objective on PulteGroup from $111.00 to $115.00 and gave the company a “sector perform” rating in a research note on Friday, January 30th. Finally, Wall Street Zen raised shares of PulteGroup from a “sell” rating to a “hold” rating in a report on Sunday, January 11th. Nine analysts have rated the stock with a Buy rating, six have given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, PulteGroup presently has an average rating of “Moderate Buy” and an average target price of $140.15.

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.