PulteGroup, Inc. $PHM Shares Sold by Burney Co.

Burney Co. lowered its position in PulteGroup, Inc. (NYSE:PHM) by 36.8% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 17,134 shares of the construction company’s stock after selling 9,975 shares during the quarter. Burney Co.’s holdings in PulteGroup were worth $1,807,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently made changes to their positions in the company. WPG Advisers LLC acquired a new stake in shares of PulteGroup in the first quarter valued at approximately $25,000. Hager Investment Management Services LLC increased its stake in shares of PulteGroup by 33.3% in the second quarter. Hager Investment Management Services LLC now owns 420 shares of the construction company’s stock valued at $44,000 after purchasing an additional 105 shares during the period. REAP Financial Group LLC increased its stake in shares of PulteGroup by 188.1% in the second quarter. REAP Financial Group LLC now owns 533 shares of the construction company’s stock valued at $56,000 after purchasing an additional 348 shares during the period. Quarry LP boosted its holdings in shares of PulteGroup by 43.8% in the first quarter. Quarry LP now owns 571 shares of the construction company’s stock valued at $59,000 after acquiring an additional 174 shares in the last quarter. Finally, Reyes Financial Architecture Inc. boosted its holdings in shares of PulteGroup by 42.1% in the first quarter. Reyes Financial Architecture Inc. now owns 770 shares of the construction company’s stock valued at $79,000 after acquiring an additional 228 shares in the last quarter. Institutional investors and hedge funds own 89.90% of the company’s stock.

Analyst Ratings Changes

A number of research firms recently commented on PHM. Oppenheimer raised their price objective on shares of PulteGroup from $132.00 to $140.00 and gave the company an “outperform” rating in a research note on Wednesday, July 23rd. Bank of America lowered their price objective on shares of PulteGroup from $145.00 to $140.00 and set a “buy” rating on the stock in a research note on Friday, October 10th. Evercore ISI lowered their price objective on shares of PulteGroup from $154.00 to $134.00 and set an “in-line” rating on the stock in a research note on Wednesday, October 22nd. Wells Fargo & Company raised their price objective on shares of PulteGroup from $135.00 to $150.00 and gave the company an “overweight” rating in a research note on Tuesday, September 2nd. Finally, Citigroup raised their price objective on shares of PulteGroup from $132.00 to $143.00 and gave the company a “neutral” rating in a research note on Wednesday, October 1st. One equities research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and six have assigned a Hold rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $133.67.

PulteGroup Trading Up 0.6%

Shares of NYSE:PHM opened at $119.51 on Wednesday. The stock has a market capitalization of $23.29 billion, a price-to-earnings ratio of 9.20, a PEG ratio of 0.95 and a beta of 1.29. PulteGroup, Inc. has a 1-year low of $88.07 and a 1-year high of $142.11. The company has a debt-to-equity ratio of 0.13, a quick ratio of 0.81 and a current ratio of 0.81. The company has a 50 day moving average price of $128.96 and a 200 day moving average price of $116.07.

PulteGroup (NYSE:PHM) last issued its earnings results on Tuesday, October 21st. The construction company reported $2.96 earnings per share for the quarter, topping analysts’ consensus estimates of $2.86 by $0.10. The firm had revenue of $4.40 billion during the quarter, compared to analysts’ expectations of $4.31 billion. PulteGroup had a net margin of 14.93% and a return on equity of 19.58%. The firm’s revenue for the quarter was down 1.6% compared to the same quarter last year. During the same period last year, the firm posted $3.35 earnings per share. On average, research analysts anticipate that PulteGroup, Inc. will post 12.32 EPS for the current fiscal year.

PulteGroup Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, October 2nd. Investors of record on Tuesday, September 16th were issued a dividend of $0.22 per share. This represents a $0.88 dividend on an annualized basis and a yield of 0.7%. The ex-dividend date was Tuesday, September 16th. PulteGroup’s dividend payout ratio (DPR) is presently 6.77%.

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.