Retireful LLC Acquires New Shares in PulteGroup, Inc. $PHM

Retireful LLC acquired a new position in shares of PulteGroup, Inc. (NYSE:PHM) during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 7,482 shares of the construction company’s stock, valued at approximately $989,000.

A number of other hedge funds have also added to or reduced their stakes in the stock. Private Wealth Management Group LLC grew its stake in PulteGroup by 281.7% during the third quarter. Private Wealth Management Group LLC now owns 271 shares of the construction company’s stock valued at $36,000 after acquiring an additional 200 shares in the last quarter. Institute for Wealth Management LLC. increased its holdings in shares of PulteGroup by 1.8% in the third quarter. Institute for Wealth Management LLC. now owns 12,711 shares of the construction company’s stock worth $1,680,000 after purchasing an additional 222 shares during the period. Valley National Advisers Inc. boosted its stake in PulteGroup by 41,271.1% during the third quarter. Valley National Advisers Inc. now owns 15,721 shares of the construction company’s stock valued at $2,076,000 after buying an additional 15,683 shares during the period. Sowell Financial Services LLC increased its stake in PulteGroup by 3.7% in the 3rd quarter. Sowell Financial Services LLC now owns 7,138 shares of the construction company’s stock worth $943,000 after acquiring an additional 257 shares during the last quarter. Finally, Mayflower Financial Advisors LLC bought a new stake in shares of PulteGroup during the 3rd quarter valued at about $210,000. Hedge funds and other institutional investors own 89.90% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on PHM shares. Citigroup lifted their target price on shares of PulteGroup from $132.00 to $143.00 and gave the company a “neutral” rating in a research report on Wednesday, October 1st. Weiss Ratings reissued a “buy (b-)” rating on shares of PulteGroup in a research note on Monday, December 22nd. Bank of America dropped their price target on PulteGroup from $145.00 to $140.00 and set a “buy” rating for the company in a research note on Friday, October 10th. Evercore ISI cut their price objective on PulteGroup from $154.00 to $134.00 and set an “in-line” rating for the company in a report on Wednesday, October 22nd. Finally, JPMorgan Chase & Co. raised their price objective on PulteGroup from $136.00 to $149.00 and gave the company an “overweight” rating in a report on Thursday, December 4th. One research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and seven have assigned a Hold rating to the company’s stock. According to MarketBeat.com, PulteGroup presently has a consensus rating of “Moderate Buy” and an average price target of $137.25.

PulteGroup Trading Down 0.2%

NYSE PHM opened at $119.17 on Monday. The firm has a market cap of $23.23 billion, a PE ratio of 9.17, a price-to-earnings-growth ratio of 0.96 and a beta of 1.31. PulteGroup, Inc. has a 1-year low of $88.07 and a 1-year high of $142.11. The stock has a 50-day moving average of $121.63 and a 200-day moving average of $121.61. The company has a current ratio of 0.81, a quick ratio of 0.81 and a debt-to-equity ratio of 0.13.

PulteGroup (NYSE:PHM) last announced its quarterly earnings results on Tuesday, October 21st. The construction company reported $2.96 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 business had revenue of $4.40 billion for the quarter, compared to analysts’ expectations of $4.31 billion. During the same period in the previous year, the firm earned $3.35 EPS. The business’s quarterly revenue was down 1.6% on a year-over-year basis. As a group, sell-side analysts forecast that PulteGroup, Inc. will post 12.32 EPS for the current year.

PulteGroup Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, January 6th. Investors of record on Tuesday, December 16th will be issued a dividend of $0.26 per share. The ex-dividend date is Tuesday, December 16th. This represents a $1.04 dividend on an annualized basis and a yield of 0.9%. This is an increase from PulteGroup’s previous quarterly dividend of $0.22. PulteGroup’s dividend payout ratio (DPR) is currently 8.01%.

About PulteGroup

PulteGroup, Inc (NYSE: PHM) is a U.S.-based residential homebuilder that designs, constructs and sells single-family homes and develops master-planned communities. The company operates multiple national and regional brands that target different buyer segments, including first-time buyers, move-up buyers and active-adult customers. Its operations encompass land acquisition and development, home design and construction, community amenities and ongoing customer service and warranty programs.

PulteGroup markets homes under several well-known brands, such as Pulte Homes, Centex and Del Webb, among others, offering a range of product types from entry-level detached homes to larger, higher-end residences and age-restricted active-adult communities.