Peterson Wealth Services Sells 164 Shares of PulteGroup, Inc. $PHM

Peterson Wealth Services reduced its stake in PulteGroup, Inc. (NYSE:PHM) by 10.6% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 1,386 shares of the construction company’s stock after selling 164 shares during the period. Peterson Wealth Services’ holdings in PulteGroup were worth $146,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Reyes Financial Architecture Inc. increased its stake in PulteGroup by 42.1% during the 1st quarter. Reyes Financial Architecture Inc. now owns 770 shares of the construction company’s stock valued at $79,000 after purchasing an additional 228 shares in the last quarter. Xponance Inc. raised its holdings in shares of PulteGroup by 38.6% in the 1st quarter. Xponance Inc. now owns 38,993 shares of the construction company’s stock worth $4,008,000 after acquiring an additional 10,867 shares during the last quarter. Florida Financial Advisors LLC lifted its position in PulteGroup by 30.5% in the 1st quarter. Florida Financial Advisors LLC now owns 4,832 shares of the construction company’s stock valued at $496,000 after acquiring an additional 1,129 shares in the last quarter. Edgestream Partners L.P. boosted its stake in PulteGroup by 2,687.0% during the 1st quarter. Edgestream Partners L.P. now owns 77,310 shares of the construction company’s stock valued at $7,947,000 after purchasing an additional 74,536 shares during the last quarter. Finally, Golden State Wealth Management LLC increased its holdings in PulteGroup by 15.9% during the 1st quarter. Golden State Wealth Management LLC now owns 909 shares of the construction company’s stock worth $93,000 after purchasing an additional 125 shares in the last quarter. 89.90% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of research firms have recently weighed in on PHM. UBS Group raised their target price on PulteGroup from $141.00 to $150.00 and gave the company a “buy” rating in a report on Wednesday, July 23rd. Evercore ISI dropped their price objective on PulteGroup from $154.00 to $134.00 and set an “in-line” rating on the stock in a research note on Wednesday. Raymond James Financial reiterated an “outperform” rating and issued a $140.00 target price (up previously from $115.00) on shares of PulteGroup in a research note on Wednesday, July 23rd. Bank of America lowered their target price on shares of PulteGroup from $145.00 to $140.00 and set a “buy” rating for the company in a report on Friday, October 10th. Finally, Wells Fargo & Company boosted their price target on shares of PulteGroup from $135.00 to $150.00 and gave the stock an “overweight” rating in a report on Tuesday, September 2nd. One equities research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and seven have assigned a Hold rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $133.67.

PulteGroup Trading Down 0.2%

Shares of PHM stock opened at $120.60 on Friday. The company has a quick ratio of 0.77, a current ratio of 0.81 and a debt-to-equity ratio of 0.13. The firm has a market cap of $23.51 billion, a P/E ratio of 9.28, a PEG ratio of 0.97 and a beta of 1.29. The company has a 50 day moving average of $130.35 and a 200-day moving average of $114.43. PulteGroup, Inc. has a 12-month low of $88.07 and a 12-month high of $142.11.

PulteGroup (NYSE:PHM) last announced its quarterly earnings data on Tuesday, October 21st. The construction company reported $2.96 earnings per share for the quarter, beating the consensus estimate of $2.86 by $0.10. PulteGroup had a return on equity of 19.58% and a net margin of 14.93%.The business had revenue of $4.40 billion during the quarter, compared to analyst estimates of $4.31 billion. During the same period in the prior year, the company earned $3.35 earnings per share. PulteGroup’s revenue was down 1.6% compared to the same quarter last year. Sell-side analysts anticipate that PulteGroup, Inc. will post 12.32 earnings per share for the current year.

PulteGroup Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, October 2nd. Shareholders of record on Tuesday, September 16th were given a dividend of $0.22 per share. The ex-dividend date was Tuesday, September 16th. This represents a $0.88 annualized dividend and a dividend yield of 0.7%. PulteGroup’s dividend payout ratio is currently 6.58%.

About PulteGroup

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.