Vest Financial LLC Boosts Holdings in PulteGroup, Inc. $PHM

Vest Financial LLC boosted its position in PulteGroup, Inc. (NYSE:PHM) by 13.7% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 415,405 shares of the construction company’s stock after acquiring an additional 50,088 shares during the quarter. Vest Financial LLC’s holdings in PulteGroup were worth $54,887,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Evergreen Capital Management LLC boosted its position in shares of PulteGroup by 2.8% in the second quarter. Evergreen Capital Management LLC now owns 2,875 shares of the construction company’s stock worth $304,000 after buying an additional 78 shares during the period. Fidelis Capital Partners LLC raised its position in shares of PulteGroup by 1.0% during the 2nd quarter. Fidelis Capital Partners LLC now owns 8,760 shares of the construction company’s stock worth $924,000 after purchasing an additional 85 shares during the period. Apella Capital LLC grew its position in PulteGroup by 4.2% in the 3rd quarter. Apella Capital LLC now owns 2,163 shares of the construction company’s stock worth $268,000 after purchasing an additional 87 shares during the last quarter. Cooper Financial Group increased its holdings in shares of PulteGroup by 1.4% during the second quarter. Cooper Financial Group now owns 6,697 shares of the construction company’s stock valued at $706,000 after purchasing an additional 92 shares during the period. Finally, CWM LLC boosted its stake in PulteGroup by 0.6% during the 3rd quarter. CWM LLC now owns 14,308 shares of the construction company’s stock valued at $1,890,000 after purchasing an additional 92 shares in the last quarter. Institutional investors and hedge funds own 89.90% of the company’s stock.

PulteGroup Price Performance

Shares of PulteGroup stock opened at $126.81 on Wednesday. The company has a 50-day simple moving average of $123.20 and a two-hundred day simple moving average of $124.05. The stock has a market capitalization of $24.72 billion, a price-to-earnings ratio of 9.76, a price-to-earnings-growth ratio of 1.06 and a beta of 1.33. The company has a quick ratio of 0.81, a current ratio of 0.81 and a debt-to-equity ratio of 0.13. PulteGroup, Inc. has a twelve month low of $88.07 and a twelve month high of $142.11.

PulteGroup (NYSE:PHM) last issued its earnings results on Tuesday, October 21st. The construction company reported $2.96 earnings per share for the quarter, beating analysts’ consensus estimates of $2.86 by $0.10. PulteGroup had a return on equity of 19.58% and a net margin of 14.93%.The firm had revenue of $4.40 billion for the quarter, compared to the consensus estimate of $4.31 billion. During the same quarter last year, the business posted $3.35 EPS. The company’s revenue was down 1.6% compared to the same quarter last year. Analysts forecast that PulteGroup, Inc. will post 12.32 EPS for the current year.

PulteGroup Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, January 6th. Investors of record on Tuesday, December 16th were issued a $0.26 dividend. This is a boost from PulteGroup’s previous quarterly dividend of $0.22. The ex-dividend date was Tuesday, December 16th. This represents a $1.04 dividend on an annualized basis and a yield of 0.8%. PulteGroup’s dividend payout ratio (DPR) is 8.01%.

Analyst Ratings Changes

PHM has been the topic of several research reports. Bank of America dropped their price target on PulteGroup from $145.00 to $140.00 and set a “buy” rating on the stock in a report on Friday, October 10th. JPMorgan Chase & Co. increased their target price on PulteGroup from $136.00 to $149.00 and gave the stock an “overweight” rating in a report on Thursday, December 4th. Royal Bank Of Canada restated a “sector perform” rating and issued a $111.00 price objective on shares of PulteGroup in a research report on Friday, January 9th. Weiss Ratings upgraded PulteGroup from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Monday, January 12th. Finally, BTIG Research assumed coverage on PulteGroup in a research report on Monday, December 1st. They set a “neutral” rating for the company. One analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and seven have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $138.85.

PulteGroup 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.