PulteGroup, Inc. (NYSE:PHM) Shares Sold by Bartlett & CO. Wealth Management LLC

Bartlett & CO. Wealth Management LLC trimmed its stake in shares of PulteGroup, Inc. (NYSE:PHM) by 17.0% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 649 shares of the construction company’s stock after selling 133 shares during the period. Bartlett & CO. Wealth Management LLC’s holdings in PulteGroup were worth $71,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently bought and sold shares of PHM. Fortitude Family Office LLC grew its holdings in PulteGroup by 115.1% during the third quarter. Fortitude Family Office LLC now owns 185 shares of the construction company’s stock worth $27,000 after acquiring an additional 99 shares during the period. Transcendent Capital Group LLC acquired a new stake in PulteGroup during the third quarter worth about $29,000. JNBA Financial Advisors acquired a new stake in PulteGroup during the third quarter worth about $43,000. Thurston Springer Miller Herd & Titak Inc. grew its holdings in PulteGroup by 1,059.3% during the third quarter. Thurston Springer Miller Herd & Titak Inc. now owns 313 shares of the construction company’s stock worth $45,000 after acquiring an additional 286 shares during the period. Finally, Grove Bank & Trust boosted its position in 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 purchasing an additional 72 shares in the last quarter. 89.90% of the stock is owned by institutional investors and hedge funds.

PulteGroup Stock Performance

Shares of PulteGroup stock opened at $115.66 on Friday. PulteGroup, Inc. has a one year low of $100.24 and a one year high of $149.47. The company has a market cap of $23.72 billion, a price-to-earnings ratio of 8.53, a PEG ratio of 0.46 and a beta of 1.67. The company has a debt-to-equity ratio of 0.14, a quick ratio of 0.73 and a current ratio of 0.73. The business’s 50 day moving average price is $119.28 and its 200 day moving average price is $127.19.

PulteGroup (NYSE:PHM) last announced its quarterly earnings data on Tuesday, October 22nd. The construction company reported $3.35 EPS for the quarter, topping 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 quarter last year, the business posted $2.90 earnings per share. The firm’s revenue was up 11.8% compared to the same quarter last year. On average, research analysts predict that PulteGroup, Inc. will post 12.96 EPS for the current year.

PulteGroup Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, January 3rd. Shareholders of record on Tuesday, December 17th were paid a dividend of $0.22 per share. This is a boost from PulteGroup’s previous quarterly dividend of $0.20. The ex-dividend date was Tuesday, December 17th. This represents a $0.88 annualized dividend and a yield of 0.76%. PulteGroup’s dividend payout ratio (DPR) is 6.49%.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on the company. The Goldman Sachs Group lowered their price target on PulteGroup from $140.00 to $124.00 and set a “neutral” rating on the stock in a research report on Tuesday, January 14th. Wedbush upgraded PulteGroup from a “neutral” rating to an “outperform” rating and set a $135.00 price target on the stock in a research report on Friday, January 3rd. BTIG Research increased their price target on PulteGroup from $139.00 to $156.00 and gave the stock a “buy” rating in a research report on Wednesday, October 23rd. Barclays lowered their price target on PulteGroup from $140.00 to $125.00 and set an “equal weight” rating on the stock in a research report on Thursday, January 16th. Finally, Citigroup decreased their target price on PulteGroup from $146.00 to $119.00 and set a “neutral” rating on the stock in a research report on Monday, January 6th. Six research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $144.14.

PulteGroup 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.