Peterson Wealth Services Decreases Position in PulteGroup, Inc. $PHM

Peterson Wealth Services trimmed its stake in shares of PulteGroup, Inc. (NYSE:PHM) by 10.6% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,386 shares of the construction company’s stock after selling 164 shares during the quarter. Peterson Wealth Services’ holdings in PulteGroup were worth $146,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also bought and sold shares of PHM. Reyes Financial Architecture Inc. increased its position in shares of PulteGroup by 42.1% in the first quarter. Reyes Financial Architecture Inc. now owns 770 shares of the construction company’s stock valued at $79,000 after acquiring an additional 228 shares during the period. Xponance Inc. lifted its holdings in PulteGroup by 38.6% in the 1st quarter. Xponance Inc. now owns 38,993 shares of the construction company’s stock worth $4,008,000 after buying an additional 10,867 shares during the period. Florida Financial Advisors LLC lifted its holdings in PulteGroup by 30.5% in the 1st quarter. Florida Financial Advisors LLC now owns 4,832 shares of the construction company’s stock worth $496,000 after buying an additional 1,129 shares during the period. Edgestream Partners L.P. increased its stake in shares of PulteGroup by 2,687.0% during the first quarter. Edgestream Partners L.P. now owns 77,310 shares of the construction company’s stock valued at $7,947,000 after buying an additional 74,536 shares during the period. Finally, Golden State Wealth Management LLC raised its holdings 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 valued at $93,000 after acquiring an additional 125 shares in the last quarter. 89.90% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities analysts recently issued reports on PHM shares. Zacks Research upgraded shares of PulteGroup from a “strong sell” rating to a “hold” rating in a research report on Friday, August 29th. JPMorgan Chase & Co. upped their target price on PulteGroup from $121.00 to $123.00 and gave the stock an “overweight” rating in a report on Wednesday, July 23rd. Evercore ISI decreased their target price on PulteGroup from $154.00 to $134.00 and set an “in-line” rating for the company in a research report on Wednesday. Seaport Res Ptn upgraded PulteGroup from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, July 22nd. Finally, Wells Fargo & Company increased their price objective on 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, seven have assigned a Buy rating and seven have assigned a Hold rating to the company’s stock. According to MarketBeat.com, PulteGroup currently has an average rating of “Moderate Buy” and an average target price of $133.67.

PulteGroup Stock Performance

Shares of NYSE PHM opened at $120.60 on Friday. The firm’s 50-day moving average price is $130.35 and its 200-day moving average price is $114.43. PulteGroup, Inc. has a 52-week low of $88.07 and a 52-week high of $142.11. The company has a market cap of $23.51 billion, a PE ratio of 9.28, a PEG ratio of 0.97 and a beta of 1.29. The company has a quick ratio of 0.77, a current ratio of 0.81 and a debt-to-equity ratio of 0.13.

PulteGroup (NYSE:PHM) last released its quarterly earnings results on Tuesday, October 21st. The construction company reported $2.96 earnings per share (EPS) for the quarter, topping 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 period last year, the business posted $3.35 EPS. The company’s revenue for the quarter was down 1.6% on a year-over-year basis. As a group, analysts anticipate that PulteGroup, Inc. will post 12.32 EPS for the current year.

PulteGroup Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, October 2nd. Shareholders of record on Tuesday, September 16th were paid a $0.22 dividend. This represents a $0.88 annualized dividend and a yield of 0.7%. The ex-dividend date was Tuesday, September 16th. PulteGroup’s dividend payout ratio is presently 6.58%.

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.