PulteGroup, Inc. $PHM Holdings Lowered by Dimensional Fund Advisors LP

Dimensional Fund Advisors LP cut its stake in PulteGroup, Inc. (NYSE:PHM) by 7.6% in the 3rd quarter, HoldingsChannel reports. The fund owned 3,141,787 shares of the construction company’s stock after selling 259,181 shares during the period. Dimensional Fund Advisors LP’s holdings in PulteGroup were worth $415,148,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Private Wealth Management Group LLC boosted its stake in PulteGroup by 281.7% during the 3rd quarter. Private Wealth Management Group LLC now owns 271 shares of the construction company’s stock valued at $36,000 after purchasing an additional 200 shares in the last quarter. Twin Peaks Wealth Advisors LLC acquired a new stake in shares of PulteGroup in the second quarter valued at $32,000. Rexford Capital Inc. bought a new position in PulteGroup during the second quarter valued at about $35,000. True Wealth Design LLC grew its holdings in PulteGroup by 229.6% during the third quarter. True Wealth Design LLC now owns 356 shares of the construction company’s stock worth $47,000 after acquiring an additional 248 shares during the period. Finally, SJS Investment Consulting Inc. raised its position in PulteGroup by 1,423.1% in the third quarter. SJS Investment Consulting Inc. now owns 396 shares of the construction company’s stock worth $52,000 after acquiring an additional 370 shares in the last quarter. Institutional investors own 89.90% of the company’s stock.

Insider Activity

In related news, COO Matthew William Koart sold 15,309 shares of the business’s stock in a transaction on Friday, February 6th. The shares were sold at an average price of $135.79, for a total transaction of $2,078,809.11. Following the transaction, the chief operating officer owned 42,418 shares of the company’s stock, valued at approximately $5,759,940.22. The trade was a 26.52% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, VP Brien P. O’meara sold 4,000 shares of the business’s stock in a transaction dated Friday, February 6th. The stock was sold at an average price of $135.51, for a total transaction of $542,040.00. Following the transaction, the vice president owned 8,601 shares in the company, valued at approximately $1,165,521.51. The trade was a 31.74% decrease in their position. The SEC filing for this sale provides additional information. Over the last 90 days, insiders have sold 149,952 shares of company stock worth $20,162,165. Insiders own 0.76% of the company’s stock.

PulteGroup Stock Performance

PHM stock opened at $132.33 on Thursday. The company has a market capitalization of $25.45 billion, a price-to-earnings ratio of 11.90, a P/E/G ratio of 1.54 and a beta of 1.32. The firm has a 50 day moving average of $130.22 and a two-hundred day moving average of $127.72. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 0.13. PulteGroup, Inc. has a 12 month low of $88.07 and a 12 month high of $144.49.

PulteGroup Announces Dividend

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

Analysts Set New Price Targets

Several equities analysts have recently weighed in on PHM shares. Zacks Research lowered shares of PulteGroup from a “hold” rating to a “strong sell” rating in a research report on Monday, January 26th. JPMorgan Chase & Co. reduced their target price on shares of PulteGroup from $149.00 to $131.00 and set an “overweight” rating for the company in a report on Tuesday, February 3rd. Royal Bank Of Canada upped their price target on PulteGroup from $111.00 to $115.00 and gave the company a “sector perform” rating in a report on Friday, January 30th. Citizens Jmp started coverage on PulteGroup in a research note on Wednesday, January 7th. They set a “market outperform” rating and a $145.00 price objective for the company. Finally, Wall Street Zen raised PulteGroup from a “sell” rating to a “hold” rating in a research report on Sunday, January 11th. Ten analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $142.71.

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.