PulteGroup, Inc. (NYSE:PHM) Stock Holdings Lifted by Eads & Heald Wealth Management

Eads & Heald Wealth Management lifted its position in PulteGroup, Inc. (NYSE:PHM) by 33.9% in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 3,552 shares of the construction company’s stock after acquiring an additional 900 shares during the quarter. Eads & Heald Wealth Management’s holdings in PulteGroup were worth $387,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in PHM. Grove Bank & Trust lifted its holdings in shares of PulteGroup by 18.4% in the third quarter. Grove Bank & Trust now owns 463 shares of the construction company’s stock valued at $66,000 after purchasing an additional 72 shares in the last quarter. Cromwell Holdings LLC lifted its stake in PulteGroup by 17.2% in the 3rd quarter. Cromwell Holdings LLC now owns 565 shares of the construction company’s stock worth $81,000 after acquiring an additional 83 shares in the last quarter. Concord Wealth Partners lifted its stake in PulteGroup by 1.7% in 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 boosted its position in PulteGroup by 3.0% during the 3rd quarter. Ashton Thomas Private Wealth LLC now owns 3,054 shares of the construction company’s stock worth $438,000 after acquiring an additional 88 shares during the period. Finally, Premier Path Wealth Partners LLC grew its stake in PulteGroup by 3.8% during the 4th quarter. Premier Path Wealth Partners LLC now owns 2,572 shares of the construction company’s stock valued at $280,000 after acquiring an additional 95 shares in the last quarter. Institutional investors and hedge funds own 89.90% of the company’s stock.

Analyst Ratings Changes

Several research firms recently commented on PHM. Barclays decreased 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. JPMorgan Chase & Co. decreased their target price on shares of PulteGroup from $162.00 to $155.00 and set an “overweight” rating for the company in a research note on Friday, December 13th. The Goldman Sachs Group dropped their price target on shares of PulteGroup from $140.00 to $124.00 and set a “neutral” rating on the stock in a research note on Tuesday, January 14th. UBS Group upgraded PulteGroup from a “neutral” rating to a “buy” rating and cut their price objective for the stock from $154.00 to $148.00 in a report on Wednesday, January 8th. Finally, Wedbush upgraded PulteGroup from a “neutral” rating to an “outperform” rating and set a $135.00 target price on the stock in a research note on Friday, January 3rd. Six analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. According to MarketBeat.com, PulteGroup currently has a consensus rating of “Moderate Buy” and a consensus price target of $144.14.

PulteGroup Trading Down 1.1 %

Shares of PHM stock opened at $115.76 on Wednesday. PulteGroup, Inc. has a 12 month low of $100.24 and a 12 month high of $149.47. The company has a market cap of $23.74 billion, a PE ratio of 8.54, a price-to-earnings-growth 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. The business’s 50 day moving average is $120.01 and its two-hundred day moving average is $127.25.

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

PulteGroup Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, January 3rd. Stockholders of record on Tuesday, December 17th were given a $0.22 dividend. 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 dividend payout ratio (DPR) is currently 6.49%.

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.