EP Wealth Advisors LLC Has $406,000 Position in PulteGroup, Inc. (NYSE:PHM)

EP Wealth Advisors LLC increased its holdings in PulteGroup, Inc. (NYSE:PHM) by 15.4% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,829 shares of the construction company’s stock after purchasing an additional 377 shares during the period. EP Wealth Advisors LLC’s holdings in PulteGroup were worth $406,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. ORG Partners LLC increased its position in shares of PulteGroup by 67.6% during the second quarter. ORG Partners LLC now owns 558 shares of the construction company’s stock valued at $59,000 after purchasing an additional 225 shares during the period. Envestnet Portfolio Solutions Inc. raised its position in shares of PulteGroup by 7.9% during the second quarter. Envestnet Portfolio Solutions Inc. now owns 17,788 shares of the construction company’s stock worth $1,958,000 after purchasing an additional 1,309 shares during the period. Blue Trust Inc. increased its holdings in PulteGroup by 46.9% during the 2nd quarter. Blue Trust Inc. now owns 4,683 shares of the construction company’s stock worth $565,000 after purchasing an additional 1,495 shares in the last quarter. Raymond James & Associates lifted its position in PulteGroup by 7.6% during the 2nd quarter. Raymond James & Associates now owns 325,858 shares of the construction company’s stock worth $35,877,000 after buying an additional 22,936 shares in the last quarter. Finally, NatWest Group plc lifted its stake in PulteGroup by 6.3% in the second quarter. NatWest Group plc now owns 81,571 shares of the construction company’s stock valued at $8,981,000 after acquiring an additional 4,860 shares during the last quarter. Institutional investors own 89.90% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on the company. Wedbush restated a “neutral” rating and set a $115.00 price objective on shares of PulteGroup in a report on Tuesday, October 22nd. Evercore ISI cut their target price on shares of PulteGroup from $198.00 to $195.00 and set an “outperform” rating on the stock in a research report on Wednesday, October 23rd. StockNews.com lowered shares of PulteGroup from a “buy” rating to a “hold” rating in a research note on Wednesday. UBS Group raised their price target on shares of PulteGroup from $148.00 to $154.00 and gave the stock a “neutral” rating in a report on Wednesday, October 23rd. Finally, Bank of America boosted their target price on shares of PulteGroup from $138.00 to $160.00 and gave the stock a “buy” rating in a research report on Thursday, September 19th. Eight equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. According to data from MarketBeat, PulteGroup has a consensus rating of “Moderate Buy” and an average target price of $144.29.

PulteGroup Stock Performance

NYSE:PHM opened at $120.69 on Friday. PulteGroup, Inc. has a 52-week low of $95.36 and a 52-week high of $149.47. 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 firm has a market cap of $24.75 billion, a price-to-earnings ratio of 8.90, a PEG ratio of 0.52 and a beta of 1.62. The business’s fifty day moving average is $133.94 and its 200 day moving average is $127.15.

PulteGroup (NYSE:PHM) last posted its quarterly earnings data on Tuesday, October 22nd. The construction company reported $3.35 earnings per share for the quarter, beating the consensus estimate of $3.10 by $0.25. The firm had revenue of $4.48 billion for 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 business’s quarterly revenue was up 11.8% on a year-over-year basis. During the same quarter last year, the company posted $2.90 EPS. Research analysts predict that PulteGroup, Inc. will post 12.94 EPS for the current year.

PulteGroup Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, January 3rd. Shareholders of record on Tuesday, December 17th will be given a $0.22 dividend. The ex-dividend date of this dividend is Tuesday, December 17th. This represents a $0.88 annualized dividend and a yield of 0.73%. This is an increase from PulteGroup’s previous quarterly dividend of $0.20. 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.