PulteGroup, Inc. (NYSE:PHM) Shares Sold by Carolina Wealth Advisors LLC

Carolina Wealth Advisors LLC lowered its stake in shares of PulteGroup, Inc. (NYSE:PHM) by 59.7% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 2,207 shares of the construction company’s stock after selling 3,275 shares during the period. Carolina Wealth Advisors LLC’s holdings in PulteGroup were worth $227,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in the stock. Franklin Resources Inc. boosted its stake in shares of PulteGroup by 6.1% during the fourth quarter. Franklin Resources Inc. now owns 11,937,866 shares of the construction company’s stock valued at $1,300,034,000 after acquiring an additional 683,592 shares during the last quarter. Geode Capital Management LLC boosted its stake in shares of PulteGroup by 1.3% during the fourth quarter. Geode Capital Management LLC now owns 5,120,878 shares of the construction company’s stock valued at $556,465,000 after acquiring an additional 64,947 shares during the last quarter. Norges Bank acquired a new stake in shares of PulteGroup during the fourth quarter valued at $427,562,000. Northern Trust Corp boosted its stake in shares of PulteGroup by 14.9% during the fourth quarter. Northern Trust Corp now owns 2,425,941 shares of the construction company’s stock valued at $264,185,000 after acquiring an additional 315,148 shares during the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in shares of PulteGroup by 9.1% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 2,033,776 shares of the construction company’s stock valued at $221,478,000 after acquiring an additional 169,736 shares during the last quarter. Institutional investors and hedge funds own 89.90% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms recently commented on PHM. Barclays decreased their price objective on PulteGroup from $100.00 to $98.00 and set an “equal weight” rating on the stock in a research note on Wednesday, April 23rd. UBS Group reduced their target price on PulteGroup from $151.00 to $141.00 and set a “buy” rating on the stock in a research report on Wednesday, April 23rd. Wells Fargo & Company reduced their target price on PulteGroup from $140.00 to $120.00 and set an “overweight” rating on the stock in a research report on Monday, April 14th. Royal Bank Of Canada reduced their target price on PulteGroup from $116.00 to $109.00 and set a “sector perform” rating on the stock in a research report on Wednesday, April 23rd. Finally, Wedbush reiterated an “outperform” rating and set a $135.00 target price on shares of PulteGroup in a research report on Tuesday, April 22nd. Seven research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $134.69.

PulteGroup Stock Performance

PulteGroup stock opened at $105.56 on Friday. The stock’s 50-day moving average is $101.61 and its 200-day moving average is $105.10. The company has a market cap of $21.16 billion, a price-to-earnings ratio of 7.44, a price-to-earnings-growth ratio of 0.30 and a beta of 1.29. The company has a debt-to-equity ratio of 0.13, a current ratio of 0.80 and a quick ratio of 0.80. PulteGroup, Inc. has a 12 month low of $88.07 and a 12 month high of $149.47.

PulteGroup (NYSE:PHM) last released its quarterly earnings data 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 company had revenue of $3.89 billion for the quarter, compared to the consensus estimate of $3.86 billion. PulteGroup had a return on equity of 22.86% and a net margin of 16.45%. During the same period last year, the business posted $3.10 EPS. Equities analysts anticipate that PulteGroup, Inc. will post 12.32 earnings per share for the current year.

PulteGroup Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 2nd. Stockholders 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 dividend on an annualized basis and a dividend yield of 0.83%. PulteGroup’s dividend payout ratio (DPR) is 6.21%.

PulteGroup 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.