PulteGroup, Inc. (NYSE:PHM) Shares Sold by Premier Path Wealth Partners LLC

Premier Path Wealth Partners LLC reduced its position in shares of PulteGroup, Inc. (NYSE:PHM) by 11.8% in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 2,269 shares of the construction company’s stock after selling 303 shares during the period. Premier Path Wealth Partners LLC’s holdings in PulteGroup were worth $233,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. Institute for Wealth Management LLC. raised its stake in shares of PulteGroup by 15.5% during the 1st quarter. Institute for Wealth Management LLC. now owns 11,870 shares of the construction company’s stock worth $1,220,000 after buying an additional 1,595 shares in the last quarter. State of Alaska Department of Revenue raised its position in PulteGroup by 1.5% in the first quarter. State of Alaska Department of Revenue now owns 23,726 shares of the construction company’s stock worth $2,439,000 after acquiring an additional 345 shares in the last quarter. CWA Asset Management Group LLC raised its position in PulteGroup by 3.1% in the first quarter. CWA Asset Management Group LLC now owns 56,032 shares of the construction company’s stock worth $5,760,000 after acquiring an additional 1,668 shares in the last quarter. Clarius Group LLC lifted its holdings in PulteGroup by 93.0% in the first quarter. Clarius Group LLC now owns 13,310 shares of the construction company’s stock valued at $1,368,000 after acquiring an additional 6,413 shares during the period. Finally, Vista Investment Partners LLC boosted its position in shares of PulteGroup by 3.7% during the 1st quarter. Vista Investment Partners LLC now owns 19,522 shares of the construction company’s stock worth $2,007,000 after purchasing an additional 704 shares in the last quarter. Institutional investors and hedge funds own 89.90% of the company’s stock.

PulteGroup Trading Up 2.4%

Shares of PHM stock opened at $101.56 on Friday. The company has a market capitalization of $20.36 billion, a price-to-earnings ratio of 7.16, a PEG ratio of 0.29 and a beta of 1.29. The company has a current ratio of 0.80, a quick ratio of 0.80 and a debt-to-equity ratio of 0.13. The firm has a 50-day moving average price of $100.58 and a 200 day moving average price of $105.89. PulteGroup, Inc. has a twelve month low of $88.07 and a twelve month high of $149.47.

PulteGroup (NYSE:PHM) last issued its quarterly earnings results on Tuesday, April 22nd. The construction company reported $2.57 EPS for the quarter, topping analysts’ consensus estimates of $2.47 by $0.10. The business had revenue of $3.89 billion during the quarter, compared to the consensus estimate of $3.86 billion. PulteGroup had a net margin of 16.45% and a return on equity of 22.86%. During the same period in the previous year, the firm posted $3.10 earnings per share. Research analysts forecast that PulteGroup, Inc. will post 12.32 earnings per share for the current fiscal year.

PulteGroup Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, July 2nd. Shareholders of record on Tuesday, June 17th will be issued a $0.22 dividend. The ex-dividend date is Tuesday, June 17th. This represents a $0.88 annualized dividend and a yield of 0.87%. PulteGroup’s dividend payout ratio (DPR) is presently 6.21%.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on the stock. Wedbush reiterated an “outperform” rating and issued a $135.00 price target on shares of PulteGroup in a report on Tuesday, April 22nd. Evercore ISI increased their target price on shares of PulteGroup from $161.00 to $165.00 and gave the company an “outperform” rating in a report on Wednesday, April 23rd. UBS Group reduced their price target on shares of PulteGroup from $151.00 to $141.00 and set a “buy” rating for the company in a research report on Wednesday, April 23rd. Royal Bank Of Canada lowered their price target on PulteGroup from $116.00 to $109.00 and set a “sector perform” rating on the stock in a report on Wednesday, April 23rd. Finally, Seaport Res Ptn raised PulteGroup from a “strong sell” rating to a “hold” rating in a research note on Thursday, March 6th. Seven research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, PulteGroup presently has an average rating of “Moderate Buy” and a consensus target price of $134.69.

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.