Impact Partnership Wealth LLC Takes $464,000 Position in PulteGroup, Inc. (NYSE:PHM)

Impact Partnership Wealth LLC acquired a new position in PulteGroup, Inc. (NYSE:PHM) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 4,262 shares of the construction company’s stock, valued at approximately $464,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in PHM. Fortitude Family Office LLC boosted its stake in shares of PulteGroup by 115.1% in the 3rd quarter. Fortitude Family Office LLC now owns 185 shares of the construction company’s stock valued at $27,000 after purchasing an additional 99 shares during the last quarter. Transcendent Capital Group LLC acquired a new position in PulteGroup in the third quarter valued at approximately $29,000. JNBA Financial Advisors bought a new position in PulteGroup in the third quarter valued at approximately $43,000. Thurston Springer Miller Herd & Titak Inc. grew its holdings in PulteGroup by 1,059.3% during the 3rd 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 raised its position in shares of 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 owned by institutional investors.

PulteGroup Price Performance

Shares of NYSE PHM opened at $116.56 on Friday. The company has a fifty day moving average price of $119.54 and a 200 day moving average price of $127.27. The firm has a market cap of $23.90 billion, a PE ratio of 8.60, a PEG ratio of 0.46 and a beta of 1.67. The company has a current ratio of 0.73, a quick ratio of 0.73 and a debt-to-equity ratio of 0.14. PulteGroup, Inc. has a 1-year low of $100.24 and a 1-year high of $149.47.

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, topping the consensus estimate of $3.10 by $0.25. PulteGroup had a return on equity of 25.30% and a net margin of 16.64%. The company had revenue of $4.48 billion during the quarter, compared to analysts’ expectations of $4.27 billion. During the same period in the prior year, the firm earned $2.90 earnings per share. PulteGroup’s revenue for the quarter was up 11.8% compared to the same quarter last year. Research analysts predict that PulteGroup, Inc. will post 12.96 earnings per share for the current fiscal year.

PulteGroup Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, January 3rd. Shareholders of record on Tuesday, December 17th were given a dividend of $0.22 per share. The ex-dividend date of this dividend was Tuesday, December 17th. This represents a $0.88 dividend on an annualized basis and a yield of 0.75%. This is an increase from PulteGroup’s previous quarterly dividend of $0.20. PulteGroup’s dividend payout ratio is 6.49%.

Analyst Upgrades and Downgrades

PHM has been the topic of several recent research reports. Citigroup reduced their price target on PulteGroup from $146.00 to $119.00 and set a “neutral” rating on the stock in a research report on Monday, January 6th. UBS Group upgraded PulteGroup from a “neutral” rating to a “buy” rating and decreased their target price for the stock from $154.00 to $148.00 in a research report on Wednesday, January 8th. Evercore ISI cut their price target 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. Wedbush raised shares of PulteGroup from a “neutral” rating to an “outperform” rating and set a $135.00 price objective on the stock in a research note on Friday, January 3rd. Finally, StockNews.com downgraded shares of PulteGroup from a “buy” rating to a “hold” rating in a research note on Wednesday, December 11th. Six investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $144.14.

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.