PulteGroup, Inc. (NYSE:PHM) Shares Sold by Advisor Resource Council

Advisor Resource Council decreased its holdings in shares of PulteGroup, Inc. (NYSE:PHM) by 65.9% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,445 shares of the construction company’s stock after selling 6,650 shares during the quarter. Advisor Resource Council’s holdings in PulteGroup were worth $416,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently added to or reduced their stakes in the business. Certuity LLC acquired a new position in shares of PulteGroup during the fourth quarter worth about $245,000. Nordea Investment Management AB raised its holdings in shares of PulteGroup by 4.0% during the 4th quarter. Nordea Investment Management AB now owns 753,768 shares of the construction company’s stock valued at $78,030,000 after buying an additional 28,833 shares during the period. Banque Cantonale Vaudoise lifted its position in PulteGroup by 166.6% during the 1st quarter. Banque Cantonale Vaudoise now owns 13,146 shares of the construction company’s stock worth $1,586,000 after acquiring an additional 8,215 shares in the last quarter. Personal CFO Solutions LLC purchased a new position in PulteGroup in the 4th quarter worth approximately $719,000. Finally, Truist Financial Corp grew its position in PulteGroup by 248.6% in the fourth quarter. Truist Financial Corp now owns 191,219 shares of the construction company’s stock valued at $19,738,000 after acquiring an additional 136,370 shares in the last quarter. 89.90% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

PHM has been the topic of a number of recent research reports. Oppenheimer boosted their target price on shares of PulteGroup from $138.00 to $143.00 and gave the stock an “outperform” rating in a research report on Wednesday, April 24th. Raymond James reiterated an “outperform” rating and issued a $135.00 price objective (up previously from $120.00) on shares of PulteGroup in a report on Thursday, April 25th. Citigroup lowered their target price on PulteGroup from $129.00 to $117.00 and set a “neutral” rating for the company in a research note on Tuesday. Jefferies Financial Group lifted their target price on PulteGroup from $126.00 to $131.00 and gave the stock a “buy” rating in a research report on Wednesday, April 24th. Finally, Barclays increased their price target on PulteGroup from $126.00 to $136.00 and gave the company an “overweight” rating in a report on Thursday, April 4th. Five equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. According to MarketBeat.com, PulteGroup currently has a consensus rating of “Moderate Buy” and an average target price of $112.21.

PulteGroup Price Performance

PHM opened at $105.06 on Friday. The company has a quick ratio of 0.85, a current ratio of 0.85 and a debt-to-equity ratio of 0.18. The company’s 50-day moving average price is $113.78 and its 200 day moving average price is $109.77. PulteGroup, Inc. has a fifty-two week low of $68.80 and a fifty-two week high of $122.72. The firm has a market cap of $22.10 billion, a price-to-earnings ratio of 8.41, a price-to-earnings-growth ratio of 0.47 and a beta of 1.61.

PulteGroup (NYSE:PHM) last announced its quarterly earnings results on Tuesday, April 23rd. The construction company reported $2.87 earnings per share for the quarter, topping analysts’ consensus estimates of $2.36 by $0.51. The business had revenue of $3.95 billion for the quarter, compared to analysts’ expectations of $3.59 billion. PulteGroup had a return on equity of 25.81% and a net margin of 16.63%. As a group, sell-side analysts expect that PulteGroup, Inc. will post 12.64 earnings per share for the current year.

PulteGroup Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, July 2nd. Stockholders of record on Tuesday, June 18th were issued a $0.20 dividend. This represents a $0.80 annualized dividend and a dividend yield of 0.76%. The ex-dividend date of this dividend was Tuesday, June 18th. PulteGroup’s dividend payout ratio (DPR) is presently 6.41%.

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.