In its most recent 13F filing with the Securities & Exchange Commission, the company disclosed that SG Americas Securities LLC decreased its holdings in PulteGroup, Inc. (NYSE: PHM – Get Rating) by 73.7% during the third quarter.
After selling 21,599 shares during the quarter, the business had 7,726 shares of the construction company’s stock remaining. At the end of the most recent quarter, PulteGroup assets owned by SG Americas Securities LLC were valued at $290,000.
Larger investors recently increased or decreased their holdings in the business as well. In the second quarter, Private Trust Co. NA bought a brand-new position in PulteGroup for $29,000.
In the second quarter, PulteGroup stock was bought by 130.2% by Larson Financial Group LLC. After buying an additional 539 shares during the most recent quarter, Larson Financial Group LLC now owns 953 shares of the construction company’s stock, valued at $38,000.
In the first quarter, Zions Bancorporation N.A. raised its ownership of PulteGroup shares by 115.2%. Zions Bancorporation N.A. now owns 1,595 shares of the construction company’s stock valued at $67,000 after acquiring an additional 854 shares in the last recent quarter.
The first quarter saw a 17.6% increase in Advisors Asset Management Inc.’s holdings of PulteGroup stock. Advisors Asset Management Inc. now owns 1,749 shares of the construction company’s stock valued at $73,000 after purchasing an additional 262 shares during the most recent quarter.
In the third quarter, Forsta AP Fonden also added a $79,000 additional investment in PulteGroup shares. Institutional investors and hedge funds currently hold 88.07% of the company’s stock.
The stock of PulteGroup is Up 0.5%
On Monday, PHM stock began trading at $52.62. The debt-to-equity ratio, current ratio, and quick ratio for the company are all 0.25, 0.26, and 0.26, respectively. With a 52-week low of $35.03 and a 52-week high of $54.71, PulteGroup, Inc.
The company’s 50-day and 200-day moving averages are $46.88 and $43.12, respectively. The company’s stock has a market valuation of $11.99 billion, a P/E ratio of 5.34, a P/E growth ratio of 0.47, and a beta of 1.24.
Dividend Growth at PulteGroup
Moreover, the business just declared a quarterly dividend, which was distributed on January 3rd. A $0.16 dividend per share was paid to stockholders of record on Wednesday, December 14th. With a yearly yield of 1.22%, this amounts to a $0.64 dividend.
The $0.15 quarterly dividend paid by PulteGroupbeforeo this is increased. On December 13th, the dividend went into effect. 6.49% of Pulte Groupe’s earnings go to dividends.
Wall Street Analyst Weigh In
Numerous study publications have discussed PHM. In a research note published on Monday, November 14th, KeyCorp increased their price objective on shares of PulteGroup from $47.00 to $51.00 and affirmed an “overweight” rating on the stock.
On Tuesday, January 10th, Citigroup raised its price target on PulteGroup shares from $49.00 to $56.00. In a research note published on Tuesday, December 6th, BTIG Research raised their price target on shares of PulteGroup from $50.00 to $61.00 and rated the stock as a “buy.”
In a research note published on Thursday, January 12th, The Goldman Sachs Group raised their price objective on shares of PulteGroup from $45.00 to $50.00 and gave the stock a “neutral” rating.
Finally, in a research note published on Wednesday, January 11th, Bank of America upgraded shares of PulteGroup from a “neutral” rating to a “buy” rating and boosted their target price for the stock from $46.00 to $60.00.
Eleven investment analysts have given the stock a buy rating, compared to four who have given the stock a hold rating. MarketBeat reports that the company currently has a “Moderate Buy” consensus rating and an average price target of $54.85.
PulteGroup Profile
Homebuilding is a business that PulteGroup, Inc. engages in. The company also engages in title and insurance brokerage business, as well as mortgage banking. It functions through the business areas for homebuilding and financial services.
Connecticut, Maryland, Massachusetts, New Jersey, New York, Pennsylvania, Virginia, Georgia, North Carolina, South Carolina, Tennessee, Florida, Illinois, Indiana, Kentucky, Michigan, Minnesota, Missouri, Ohio, Texas, Arizona, California, Nevada, New Mexico, and Washington are among the states with operations in the homebuilding sector.
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Should You Put $1,000 Into PulteGroup at This Time?
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Top-rated analysts think these five companies are better buys than PulteGroup, which presently has a “Moderate Buy” recommendation from analysts.
