PulteGroup, Inc. (NYSE:PHM) Shares Purchased by Sugarloaf Wealth Management LLC

Sugarloaf Wealth Management LLC lifted its stake in shares of PulteGroup, Inc. (NYSE:PHM) by 10.9% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 1,913 shares of the construction company’s stock after purchasing an additional 188 shares during the quarter. Sugarloaf Wealth Management LLC’s holdings in PulteGroup were worth $208,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also made changes to their positions in the stock. Harbor Capital Advisors Inc. boosted its stake in PulteGroup by 3.2% during the 4th quarter. Harbor Capital Advisors Inc. now owns 4,559 shares of the construction company’s stock valued at $496,000 after purchasing an additional 143 shares during the period. Fortitude Family Office LLC grew its holdings in PulteGroup by 74.1% in the 4th quarter. Fortitude Family Office LLC now owns 322 shares of the construction company’s stock worth $35,000 after buying an additional 137 shares in the last quarter. Oliver Luxxe Assets LLC increased its position in PulteGroup by 1.3% in the 4th quarter. Oliver Luxxe Assets LLC now owns 48,427 shares of the construction company’s stock valued at $5,274,000 after acquiring an additional 607 shares during the period. CWA Asset Management Group LLC raised its stake in PulteGroup by 5.6% during the 4th quarter. CWA Asset Management Group LLC now owns 54,364 shares of the construction company’s stock valued at $5,920,000 after acquiring an additional 2,860 shares in the last quarter. Finally, Pensionfund Sabic raised its stake in PulteGroup by 71.4% during the 4th quarter. Pensionfund Sabic now owns 12,000 shares of the construction company’s stock valued at $1,307,000 after acquiring an additional 5,000 shares in the last quarter. Institutional investors own 89.90% of the company’s stock.

PulteGroup Trading Down 2.4 %

PHM stock traded down $2.60 during mid-day trading on Friday, reaching $107.86. 1,045,567 shares of the stock traded hands, compared to its average volume of 1,693,841. PulteGroup, Inc. has a 52-week low of $100.24 and a 52-week high of $149.47. The stock’s fifty day moving average is $122.45 and its 200-day moving average is $126.72. The company has a current ratio of 0.73, a quick ratio of 0.73 and a debt-to-equity ratio of 0.14. The company has a market cap of $22.12 billion, a P/E ratio of 7.95, a P/E/G ratio of 0.48 and a beta of 1.67.

PulteGroup (NYSE:PHM) last released 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. 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 analyst estimates of $4.27 billion. During the same quarter in the prior year, the company earned $2.90 earnings per share. The company’s revenue for the quarter was up 11.8% on a year-over-year basis. As a group, sell-side analysts expect that PulteGroup, Inc. will post 12.94 earnings per share for the current year.

PulteGroup Increases Dividend

The company 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 a boost from PulteGroup’s previous quarterly dividend of $0.20. The ex-dividend date was Tuesday, December 17th. This represents a $0.88 dividend on an annualized basis and a yield of 0.82%. PulteGroup’s dividend payout ratio (DPR) is presently 6.49%.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on PHM. BTIG Research raised their price target on PulteGroup from $139.00 to $156.00 and gave the company a “buy” rating in a report on Wednesday, October 23rd. Wells Fargo & Company dropped their price target on shares of PulteGroup from $165.00 to $140.00 and set an “overweight” rating on the stock in a research report on Tuesday, December 17th. JPMorgan Chase & Co. decreased their price objective on shares of PulteGroup from $162.00 to $155.00 and set an “overweight” rating for the company in a report on Friday, December 13th. Bank of America boosted their target price on PulteGroup from $138.00 to $160.00 and gave the stock a “buy” rating in a report on Thursday, September 19th. Finally, Oppenheimer decreased their price target on PulteGroup from $168.00 to $165.00 and set an “outperform” rating for the company in a research note on Wednesday, October 23rd. Six equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $143.86.

PulteGroup 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.