5,065 Shares in PulteGroup, Inc. $PHM Acquired by Kingswood Wealth Advisors LLC

Kingswood Wealth Advisors LLC purchased a new position in shares of PulteGroup, Inc. (NYSE:PHMFree 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.

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More PulteGroup News

Here are the key news stories impacting PulteGroup this week:

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:PHMGet 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

(Free Report)

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

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Institutional Ownership by Quarter for PulteGroup (NYSE:PHM)

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