Kingswood Wealth Advisors LLC purchased a new position in shares of PulteGroup, Inc. (NYSE:PHM – Free Report) in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 5,065 shares of the construction company’s stock, valued at approximately $669,000.
Other large investors also recently modified their holdings of the company. Twin Peaks Wealth Advisors LLC acquired a new stake in shares of PulteGroup in the 2nd quarter valued at $32,000. Rexford Capital Inc. purchased a new position in PulteGroup in the second quarter valued at $35,000. Private Wealth Management Group LLC raised its stake in PulteGroup by 281.7% in the third quarter. Private Wealth Management Group LLC now owns 271 shares of the construction company’s stock valued at $36,000 after buying an additional 200 shares in the last quarter. Hager Investment Management Services LLC raised its stake in PulteGroup by 33.3% in the second quarter. Hager Investment Management Services LLC now owns 420 shares of the construction company’s stock valued at $44,000 after buying an additional 105 shares in the last quarter. Finally, True Wealth Design LLC lifted its holdings in PulteGroup by 229.6% during the 3rd quarter. True Wealth Design LLC now owns 356 shares of the construction company’s stock worth $47,000 after buying an additional 248 shares during the last quarter. 89.90% of the stock is owned by hedge funds and other institutional investors.
Wall Street Analyst Weigh In
A number of research analysts have recently commented on the company. JPMorgan Chase & Co. increased 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. BTIG Research started coverage on PulteGroup in a report on Monday, December 1st. They issued a “neutral” rating for the company. Wells Fargo & Company dropped their price target on shares of PulteGroup from $150.00 to $132.00 and set an “overweight” rating on the stock in a research note on Tuesday, January 6th. Evercore ISI reduced their price objective on shares of PulteGroup from $154.00 to $134.00 and set an “in-line” rating for the company in a research report on Wednesday, October 22nd. Finally, Barclays set a $115.00 target price on shares of PulteGroup in a report on Monday, December 8th. One analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and eight have given a Hold rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $135.92.
More PulteGroup News
Here are the key news stories impacting PulteGroup this week:
- Positive Sentiment: Citizens initiated coverage of PulteGroup with a Market Outperform (buy) recommendation, a clear upside catalyst that can attract investor inflows. Citizens Jmp Begins Coverage on PulteGroup
- Positive Sentiment: Unusually large call-option activity: nearly 10k calls traded (a ~1,498% jump over normal), indicating speculative or hedged bullish bets that likely pushed intraday buying and implied-volatility interest. Investors Purchase High Volume of Call Options on PulteGroup
- Positive Sentiment: Media pieces highlighting strong multi‑year returns (investors up ~198% over five years) and Wall Street optimism provide supportive sentiment for longer-term holders and momentum buyers. Those who invested in PulteGroup five years ago are up 198% Wall Street Bulls Look Optimistic About PulteGroup
- Neutral Sentiment: Industry teardown and “why it’s trading” pieces provide context and may draw retail/institutional attention, but offer mixed, non‑actionable takeaways. Home Builders Stocks Q3 Teardown: PulteGroup Vs The Rest Why PulteGroup Stock Is Trading Up Today
- Negative Sentiment: Citigroup reduced its price target from $135 to $128 and set a Neutral rating — a formal signal that could cap upside for some investors and weigh on near-term sentiment. Citigroup Lowers Price Target on PulteGroup
- Negative Sentiment: Wells Fargo lowered expectations for PHM as well, adding downward analyst pressure that could prompt profit-taking after recent gains. Wells Fargo Lowers Expectations for PulteGroup
PulteGroup Trading Up 7.3%
PHM opened at $132.19 on Friday. The firm has a market cap of $25.77 billion, a price-to-earnings ratio of 10.18, a price-to-earnings-growth ratio of 1.07 and a beta of 1.33. PulteGroup, Inc. has a 52 week low of $88.07 and a 52 week high of $142.11. The business’s 50 day moving average is $121.58 and its two-hundred day moving average is $122.77. The company has a quick ratio of 0.81, a current ratio of 0.81 and a debt-to-equity ratio of 0.13.
PulteGroup (NYSE:PHM – Get Free Report) last posted its quarterly earnings data on Tuesday, October 21st. The construction company reported $2.96 earnings per share for the quarter, beating the consensus estimate of $2.86 by $0.10. The business had revenue of $4.40 billion during the quarter, compared to the consensus estimate of $4.31 billion. PulteGroup had a return on equity of 19.58% and a net margin of 14.93%.The company’s revenue was down 1.6% compared to the same quarter last year. During the same period in the prior year, the company earned $3.35 earnings per share. On average, research analysts predict that PulteGroup, Inc. will post 12.32 EPS for the current year.
PulteGroup Increases Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, January 6th. Shareholders of record on Tuesday, December 16th were given a dividend of $0.26 per share. This represents a $1.04 annualized dividend and a yield of 0.8%. The ex-dividend date of this dividend was Tuesday, December 16th. This is an increase from PulteGroup’s previous quarterly dividend of $0.22. PulteGroup’s payout ratio is 8.01%.
PulteGroup Profile
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.
Further Reading
- Five stocks we like better than PulteGroup
- Elon Taking SpaceX Public! $100 Pre-IPO Opportunity!
- A U.S. “birthright” claim worth trillions – activated quietly
- Ticker Revealed: Pre-IPO Access to “Next Elon Musk” Company
- First Time Since 2007: All Warnings Active
- How the Rich Retire
Want to see what other hedge funds are holding PHM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for PulteGroup, Inc. (NYSE:PHM – Free Report).
Receive News & Ratings for PulteGroup Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for PulteGroup and related companies with MarketBeat.com's FREE daily email newsletter.
