PulteGroup, Inc. $PHM Shares Sold by LVW Advisors LLC

LVW Advisors LLC lessened its holdings in shares of PulteGroup, Inc. (NYSE:PHM) by 25.6% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 5,170 shares of the construction company’s stock after selling 1,783 shares during the period. LVW Advisors LLC’s holdings in PulteGroup were worth $545,000 as of its most recent SEC filing.

Several other large investors also recently bought and sold shares of the company. Tocqueville Asset Management L.P. lifted its holdings in shares of PulteGroup by 2.0% in the 1st quarter. Tocqueville Asset Management L.P. now owns 5,062 shares of the construction company’s stock worth $520,000 after purchasing an additional 100 shares during the last quarter. Ballentine Partners LLC boosted its holdings in shares of PulteGroup by 3.2% during the second quarter. Ballentine Partners LLC now owns 3,630 shares of the construction company’s stock valued at $383,000 after acquiring an additional 112 shares during the period. Golden State Wealth Management LLC grew its position in shares of PulteGroup by 15.9% during the first quarter. Golden State Wealth Management LLC now owns 909 shares of the construction company’s stock worth $93,000 after acquiring an additional 125 shares during the last quarter. Signaturefd LLC increased its holdings in shares of PulteGroup by 1.9% in the 1st quarter. Signaturefd LLC now owns 6,644 shares of the construction company’s stock worth $683,000 after acquiring an additional 127 shares during the period. Finally, McGlone Suttner Wealth Management Inc. boosted its stake in PulteGroup by 6.3% during the 1st quarter. McGlone Suttner Wealth Management Inc. now owns 2,234 shares of the construction company’s stock valued at $230,000 after purchasing an additional 133 shares during the period. Institutional investors and hedge funds own 89.90% of the company’s stock.

PulteGroup Price Performance

Shares of NYSE PHM opened at $131.21 on Friday. PulteGroup, Inc. has a twelve month low of $88.07 and a twelve month high of $149.47. The company has a current ratio of 0.77, a quick ratio of 0.77 and a debt-to-equity ratio of 0.13. The firm has a 50-day moving average of $127.56 and a two-hundred day moving average of $111.15. The company has a market capitalization of $25.89 billion, a price-to-earnings ratio of 9.81, a PEG ratio of 0.39 and a beta of 1.27.

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

PulteGroup Announces Dividend

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

Analyst Ratings Changes

Several equities research analysts have commented on PHM shares. 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 target price on PulteGroup from $141.00 to $150.00 and gave the company a “buy” rating in a research report on Wednesday, July 23rd. Royal Bank Of Canada boosted their price target on PulteGroup from $109.00 to $112.00 and gave the stock a “sector perform” rating in a research report on Wednesday, July 23rd. Citigroup raised their price target on PulteGroup from $128.00 to $132.00 and gave the company a “neutral” rating in a report on Wednesday, July 23rd. Finally, Wells Fargo & Company upped their price objective 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 investment analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and five have assigned a Hold rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $136.46.

PulteGroup Company 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.