Candriam Luxembourg S.C.A. reduced its position in shares of PulteGroup, Inc. (NYSE:PHM) by 81.2% during the 1st quarter, Holdings Channel reports. The firm owned 28,396 shares of the construction company’s stock after selling 122,403 shares during the quarter. Candriam Luxembourg S.C.A.’s holdings in PulteGroup were worth $794,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in PHM. Robeco Institutional Asset Management B.V. lifted its stake in PulteGroup by 28.4% in the first quarter. Robeco Institutional Asset Management B.V. now owns 525,961 shares of the construction company’s stock valued at $14,708,000 after buying an additional 116,361 shares during the period. Park Avenue Securities LLC acquired a new position in PulteGroup in the first quarter valued at approximately $989,000. Moors & Cabot Inc. lifted its stake in PulteGroup by 135.5% in the first quarter. Moors & Cabot Inc. now owns 22,424 shares of the construction company’s stock valued at $628,000 after buying an additional 12,903 shares during the period. Alps Advisors Inc. lifted its stake in PulteGroup by 126.2% in the first quarter. Alps Advisors Inc. now owns 37,993 shares of the construction company’s stock valued at $1,062,000 after buying an additional 21,194 shares during the period. Finally, Menta Capital LLC lifted its stake in PulteGroup by 305.6% in the first quarter. Menta Capital LLC now owns 43,886 shares of the construction company’s stock valued at $1,227,000 after buying an additional 33,067 shares during the period. Institutional investors own 87.84% of the company’s stock.

Several equities analysts have issued reports on the company. BTIG Research raised PulteGroup from a “sell” rating to a “neutral” rating and set a $31.35 price target on the stock in a research note on Wednesday, April 24th. ValuEngine lowered PulteGroup from a “hold” rating to a “sell” rating in a research note on Thursday, January 17th. Zacks Investment Research raised PulteGroup from a “sell” rating to a “hold” rating in a research note on Wednesday, April 3rd. Credit Suisse Group set a $31.00 price target on PulteGroup and gave the company a “buy” rating in a research note on Friday, February 15th. Finally, Raymond James lowered PulteGroup from an “outperform” rating to a “market perform” rating in a research note on Thursday, February 14th. Two analysts have rated the stock with a sell rating, twelve have assigned a hold rating and three have assigned a buy rating to the stock. The company has an average rating of “Hold” and an average price target of $28.53.

In related news, insider Ryan Marshall sold 15,000 shares of the stock in a transaction on Friday, February 22nd. The stock was sold at an average price of $27.81, for a total value of $417,150.00. Following the completion of the sale, the insider now directly owns 453,996 shares of the company’s stock, valued at approximately $12,625,628.76. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, CFO Robert Oshaughnessy sold 95,738 shares of the stock in a transaction on Tuesday, April 30th. The shares were sold at an average price of $31.42, for a total value of $3,008,087.96. Following the completion of the sale, the chief financial officer now directly owns 334,213 shares of the company’s stock, valued at $10,500,972.46. The disclosure for this sale can be found here. Insiders have sold 162,846 shares of company stock worth $5,064,382 over the last ninety days. 0.49% of the stock is owned by insiders.

Shares of NYSE:PHM opened at $31.93 on Thursday. The company has a current ratio of 0.72, a quick ratio of 0.72 and a debt-to-equity ratio of 0.61. PulteGroup, Inc. has a twelve month low of $20.64 and a twelve month high of $33.04. The company has a market cap of $8.87 billion, a PE ratio of 8.89, a PEG ratio of 1.36 and a beta of 0.84.

PulteGroup (NYSE:PHM) last issued its earnings results on Tuesday, April 23rd. The construction company reported $0.59 earnings per share for the quarter, topping analysts’ consensus estimates of $0.47 by $0.12. PulteGroup had a return on equity of 21.65% and a net margin of 9.97%. The company had revenue of $2 billion for the quarter, compared to analyst estimates of $1.93 billion. During the same period in the prior year, the firm earned $0.59 earnings per share. PulteGroup’s revenue for the quarter was up 1.4% on a year-over-year basis. Equities analysts predict that PulteGroup, Inc. will post 3.4 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Wednesday, July 3rd. Stockholders of record on Friday, June 14th will be given a dividend of $0.11 per share. This represents a $0.44 dividend on an annualized basis and a dividend yield of 1.38%. The ex-dividend date of this dividend is Thursday, June 13th. PulteGroup’s payout ratio is 12.26%.

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About PulteGroup

PulteGroup, Inc, through its subsidiaries, primarily engages in the homebuilding business in the United States. The company acquires and develops land primarily for residential purposes; and constructs housing on such land. It offers various home designs, including single-family detached, townhouses, condominiums, and duplexes under the Centex, Pulte Homes, Del Webb, DiVosta Homes, and John Wieland Homes and Neighborhoods brand names.

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Institutional Ownership by Quarter for PulteGroup (NYSE:PHM)

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