180 Wealth Advisors LLC Boosts Holdings in PulteGroup, Inc. (NYSE:PHM)

180 Wealth Advisors LLC increased its holdings in shares of PulteGroup, Inc. (NYSE:PHM) by 6.2% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 26,420 shares of the construction company’s stock after buying an additional 1,554 shares during the period. 180 Wealth Advisors LLC’s holdings in PulteGroup were worth $2,877,000 at the end of the most recent quarter.

A number of other hedge funds also recently added to or reduced their stakes in the business. Grove Bank & Trust grew its position in shares of PulteGroup by 18.4% during the third quarter. Grove Bank & Trust now owns 463 shares of the construction company’s stock worth $66,000 after buying an additional 72 shares in the last quarter. Cromwell Holdings LLC lifted its stake in PulteGroup by 17.2% in the third quarter. Cromwell Holdings LLC now owns 565 shares of the construction company’s stock worth $81,000 after acquiring an additional 83 shares during the last quarter. Concord Wealth Partners grew its holdings in PulteGroup by 1.7% during the 3rd quarter. Concord Wealth Partners now owns 5,002 shares of the construction company’s stock worth $718,000 after acquiring an additional 83 shares in the last quarter. Ashton Thomas Private Wealth LLC increased its position in shares of PulteGroup by 3.0% in the 3rd quarter. Ashton Thomas Private Wealth LLC now owns 3,054 shares of the construction company’s stock valued at $438,000 after purchasing an additional 88 shares during the last quarter. Finally, Verdence Capital Advisors LLC raised its holdings in shares of PulteGroup by 2.8% in the 3rd quarter. Verdence Capital Advisors LLC now owns 3,598 shares of the construction company’s stock valued at $516,000 after purchasing an additional 97 shares in the last quarter. 89.90% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

PHM has been the topic of several recent analyst reports. Barclays reissued an “equal weight” rating and issued a $140.00 target price (down previously from $150.00) on shares of PulteGroup in a report on Wednesday, December 11th. StockNews.com lowered PulteGroup from a “buy” rating to a “hold” rating in a research report on Wednesday, December 11th. Evercore ISI lowered their price target on PulteGroup from $198.00 to $195.00 and set an “outperform” rating for the company in a report on Wednesday, October 23rd. JPMorgan Chase & Co. cut their price objective on shares of PulteGroup from $162.00 to $155.00 and set an “overweight” rating on the stock in a report on Friday, December 13th. Finally, Oppenheimer lowered their target price on shares of PulteGroup from $168.00 to $165.00 and set an “outperform” rating for the company in a report on Wednesday, October 23rd. Five research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $146.85.

PulteGroup Stock Up 1.2 %

PulteGroup stock opened at $108.94 on Tuesday. The stock has a market capitalization of $22.34 billion, a price-to-earnings ratio of 8.03, a PEG ratio of 0.48 and a beta of 1.67. The stock has a 50 day moving average of $121.62 and a two-hundred day moving average of $126.91. The company has a current ratio of 0.73, a quick ratio of 0.73 and a debt-to-equity ratio of 0.14. PulteGroup, Inc. has a twelve month low of $100.24 and a twelve month high of $149.47.

PulteGroup (NYSE:PHM) last posted its quarterly earnings results on Tuesday, October 22nd. The construction company reported $3.35 earnings per share for the quarter, beating analysts’ consensus estimates of $3.10 by $0.25. PulteGroup had a return on equity of 25.30% and a net margin of 16.64%. The firm had revenue of $4.48 billion for the quarter, compared to the consensus estimate of $4.27 billion. During the same period in the previous year, the business earned $2.90 earnings per share. The company’s revenue for the quarter was up 11.8% compared to the same quarter last year. As a group, research analysts expect that PulteGroup, Inc. will post 12.94 earnings per share for the current year.

PulteGroup Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, January 3rd. Shareholders of record on Tuesday, December 17th were given a dividend of $0.22 per share. This is a positive change from PulteGroup’s previous quarterly dividend of $0.20. This represents a $0.88 annualized dividend and a dividend yield of 0.81%. The ex-dividend date was Tuesday, December 17th. PulteGroup’s payout ratio is presently 6.49%.

About PulteGroup

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.