LVW Advisors LLC Cuts Stock Position in PulteGroup, Inc. $PHM

LVW Advisors LLC cut its holdings in shares of PulteGroup, Inc. (NYSE:PHM) by 25.6% during the second quarter, Holdings Channel reports. The firm owned 5,170 shares of the construction company’s stock after selling 1,783 shares during the quarter. LVW Advisors LLC’s holdings in PulteGroup were worth $545,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently bought and sold shares of the company. WPG Advisers LLC purchased a new stake in PulteGroup during the first quarter worth about $25,000. American National Bank & Trust acquired a new stake in PulteGroup in the first quarter valued at approximately $39,000. Catalyst Capital Advisors LLC purchased a new position in PulteGroup in the first quarter worth approximately $54,000. Quarry LP grew its holdings in PulteGroup by 43.8% during the 1st quarter. Quarry LP now owns 571 shares of the construction company’s stock worth $59,000 after acquiring an additional 174 shares in the last quarter. Finally, Sentry Investment Management LLC purchased a new stake in shares of PulteGroup in the 1st quarter valued at approximately $61,000. 89.90% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on the company. Wells Fargo & Company raised their price target on PulteGroup from $135.00 to $150.00 and gave the company an “overweight” rating in a research note on Tuesday, September 2nd. Zacks Research upgraded PulteGroup from a “strong sell” rating to a “hold” rating in a research note on Friday, August 29th. Wedbush restated an “outperform” rating and issued a $150.00 price target on shares of PulteGroup in a research note on Wednesday, August 13th. UBS Group raised their price target on PulteGroup from $141.00 to $150.00 and gave the company a “buy” rating in a research note on Wednesday, July 23rd. Finally, Oppenheimer lifted their target price on PulteGroup from $132.00 to $140.00 and gave the stock an “outperform” rating in a research report on Wednesday, July 23rd. One investment analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and five have assigned a Hold rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $136.46.

PulteGroup Stock Performance

NYSE PHM opened at $131.21 on Friday. PulteGroup, Inc. has a 52-week low of $88.07 and a 52-week high of $149.47. The business’s 50-day moving average price is $127.56 and its 200 day moving average price is $111.15. The firm has a market cap of $25.89 billion, a P/E ratio of 9.81, a P/E/G ratio of 0.39 and a beta of 1.27. The company has a quick ratio of 0.77, a current ratio of 0.77 and a debt-to-equity ratio of 0.13.

PulteGroup (NYSE:PHM) last announced its quarterly earnings data on Tuesday, July 22nd. The construction company reported $3.03 earnings per share for the quarter, beating analysts’ consensus estimates of $2.92 by $0.11. PulteGroup had a return on equity of 21.01% and a net margin of 15.50%.The company had revenue of $4.40 billion for the quarter, compared to analyst estimates of $4.42 billion. During the same quarter in the previous year, the company earned $3.83 EPS. The firm’s revenue for the quarter was down 4.3% compared to the same quarter last year. On average, equities research analysts expect that PulteGroup, Inc. will post 12.32 earnings per share for the current year.

PulteGroup Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, October 2nd. Shareholders of record on Tuesday, September 16th will be issued a $0.22 dividend. This represents a $0.88 dividend on an annualized basis and a yield of 0.7%. The ex-dividend date of this dividend is Tuesday, September 16th. PulteGroup’s 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.