PulteGroup, Inc. (NYSE:PHM) Shares Sold by Atomi Financial Group Inc.

Atomi Financial Group Inc. reduced its position in PulteGroup, Inc. (NYSE:PHM) by 17.2% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 4,124 shares of the construction company’s stock after selling 856 shares during the quarter. Atomi Financial Group Inc.’s holdings in PulteGroup were worth $449,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of PHM. Fortitude Family Office LLC boosted its stake in PulteGroup by 115.1% during the 3rd quarter. Fortitude Family Office LLC now owns 185 shares of the construction company’s stock worth $27,000 after purchasing an additional 99 shares during the period. Transcendent Capital Group LLC acquired a new stake in shares of PulteGroup during the third quarter worth about $29,000. JNBA Financial Advisors purchased a new position in shares of PulteGroup during the third quarter worth about $43,000. Thurston Springer Miller Herd & Titak Inc. increased its position in PulteGroup by 1,059.3% in the 3rd quarter. Thurston Springer Miller Herd & Titak Inc. now owns 313 shares of the construction company’s stock valued at $45,000 after acquiring an additional 286 shares during the period. Finally, Grove Bank & Trust raised its stake in PulteGroup by 18.4% during the 3rd quarter. Grove Bank & Trust now owns 463 shares of the construction company’s stock valued at $66,000 after acquiring an additional 72 shares during the last quarter. 89.90% of the stock is currently owned by hedge funds and other institutional investors.

PulteGroup Trading Down 0.7 %

Shares of PHM stock opened at $115.66 on Friday. The stock has a market cap of $23.72 billion, a P/E ratio of 8.53, a P/E/G ratio of 0.46 and a beta of 1.67. The company has a quick ratio of 0.73, a current ratio of 0.73 and a debt-to-equity ratio of 0.14. PulteGroup, Inc. has a fifty-two week low of $100.24 and a fifty-two week high of $149.47. The business has a fifty day simple moving average of $119.28 and a 200-day simple moving average of $127.19.

PulteGroup (NYSE:PHM) last announced its earnings results on Tuesday, October 22nd. The construction company reported $3.35 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.10 by $0.25. The company had revenue of $4.48 billion during the quarter, compared to analysts’ expectations of $4.27 billion. PulteGroup had a net margin of 16.64% and a return on equity of 25.30%. The firm’s quarterly revenue was up 11.8% compared to the same quarter last year. During the same quarter in the previous year, the business posted $2.90 earnings per share. On average, analysts forecast that PulteGroup, Inc. will post 12.96 earnings per share for the current fiscal year.

PulteGroup Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, January 3rd. Investors of record on Tuesday, December 17th were given a dividend of $0.22 per share. This is an increase from PulteGroup’s previous quarterly dividend of $0.20. This represents a $0.88 annualized dividend and a dividend yield of 0.76%. The ex-dividend date of this dividend was Tuesday, December 17th. PulteGroup’s payout ratio is currently 6.49%.

Analysts Set New Price Targets

PHM has been the topic of several analyst reports. Oppenheimer lowered their target price on PulteGroup from $168.00 to $165.00 and set an “outperform” rating on the stock in a research note on Wednesday, October 23rd. UBS Group raised shares of PulteGroup from a “neutral” rating to a “buy” rating and dropped their price objective for the company from $154.00 to $148.00 in a research note on Wednesday, January 8th. JPMorgan Chase & Co. cut their price objective on shares of PulteGroup from $162.00 to $155.00 and set an “overweight” rating for the company in a research report on Friday, December 13th. Wedbush raised shares of PulteGroup from a “neutral” rating to an “outperform” rating and set a $135.00 target price on the stock in a report on Friday, January 3rd. Finally, Barclays cut their price target on shares of PulteGroup from $140.00 to $125.00 and set an “equal weight” rating for the company in a report on Thursday, January 16th. Six equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. According to MarketBeat, PulteGroup has an average rating of “Moderate Buy” and an average price target of $144.14.

PulteGroup Company 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.