Rhumbline Advisers Sells 40,302 Shares of PulteGroup, Inc. $PHM

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Rhumbline Advisers reduced its stake in PulteGroup, Inc. (NYSE:PHM) by 9.3% during the third quarter, selling 40,302 shares and retaining 391,139 shares worth $51.68 million. Other institutional investors also adjusted their positions, and Wall Street analysts currently rate PulteGroup as a “Moderate Buy” with an average target price of $140.15. The company recently announced a quarterly dividend of $0.26 per share, and corporate insiders have sold a significant number of shares in recent transactions.

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