JT Stratford LLC Trims Holdings in PulteGroup, Inc. $PHM

JT Stratford LLC trimmed its holdings in PulteGroup, Inc. (NYSE:PHM) by 41.6% in the 3rd quarter, Holdings Channel reports. The fund owned 6,103 shares of the construction company’s stock after selling 4,341 shares during the quarter. JT Stratford LLC’s holdings in PulteGroup were worth $806,000 as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of PHM. Twin Peaks Wealth Advisors LLC purchased a new stake in PulteGroup in the second quarter worth about $32,000. Rexford Capital Inc. purchased a new position in PulteGroup during the second quarter valued at $35,000. Private Wealth Management Group LLC raised its stake in PulteGroup by 281.7% during the third quarter. Private Wealth Management Group LLC now owns 271 shares of the construction company’s stock valued at $36,000 after buying an additional 200 shares during the last quarter. True Wealth Design LLC boosted its holdings in PulteGroup by 229.6% in the third quarter. True Wealth Design LLC now owns 356 shares of the construction company’s stock worth $47,000 after acquiring an additional 248 shares in the last quarter. Finally, SJS Investment Consulting Inc. grew its stake in shares of PulteGroup by 1,423.1% in the third quarter. SJS Investment Consulting Inc. now owns 396 shares of the construction company’s stock worth $52,000 after acquiring an additional 370 shares during the last quarter. Institutional investors own 89.90% of the company’s stock.

PulteGroup Stock Down 2.1%

Shares of PulteGroup stock opened at $129.44 on Friday. The company has a market cap of $24.90 billion, a price-to-earnings ratio of 11.64, a price-to-earnings-growth ratio of 1.54 and a beta of 1.32. The company’s 50 day moving average is $130.42 and its 200 day moving average is $127.73. PulteGroup, Inc. has a twelve month low of $88.07 and a twelve month high of $144.49. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 0.13.

PulteGroup Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, April 2nd. Stockholders of record on Tuesday, March 17th will be paid a $0.26 dividend. This represents a $1.04 dividend on an annualized basis and a dividend yield of 0.8%. The ex-dividend date is Tuesday, March 17th. PulteGroup’s dividend payout ratio (DPR) is 9.35%.

Insider Buying and Selling

In related news, EVP Todd N. Sheldon sold 14,220 shares of PulteGroup stock in a transaction on Friday, February 6th. The stock was sold at an average price of $135.01, for a total value of $1,919,842.20. Following the completion of the sale, the executive vice president owned 69,753 shares of the company’s stock, valued at $9,417,352.53. The trade was a 16.93% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, VP Brien P. O’meara sold 4,000 shares of the stock in a transaction dated Friday, February 6th. The shares were sold at an average price of $135.51, for a total value of $542,040.00. Following the completion of the transaction, the vice president directly owned 8,601 shares in the company, valued at approximately $1,165,521.51. This represents a 31.74% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 149,952 shares of company stock valued at $20,162,165 over the last ninety days. 0.76% of the stock is owned by insiders.

Analysts Set New Price Targets

PHM has been the subject of several recent analyst reports. JPMorgan Chase & Co. lowered their price target on PulteGroup from $149.00 to $131.00 and set an “overweight” rating for the company in a research report on Tuesday, February 3rd. Citigroup lifted their target price on shares of PulteGroup from $128.00 to $136.00 and gave the stock a “neutral” rating in a report on Tuesday, February 3rd. Truist Financial initiated coverage on shares of PulteGroup in a report on Wednesday. They set a “buy” rating and a $170.00 price target on the stock. Citizens Jmp started coverage on shares of PulteGroup in a report on Wednesday, January 7th. They issued a “market outperform” rating and a $145.00 price objective for the company. Finally, Oppenheimer reiterated an “outperform” rating and set a $149.00 target price (up from $140.00) on shares of PulteGroup in a research note on Friday, January 30th. One research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating, six have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $142.71.

Key Stories Impacting PulteGroup

Here are the key news stories impacting PulteGroup this week:

• Positive Sentiment: Truist initiated coverage and upgraded PulteGroup to a strong-buy / buy with a $170 price target, signaling institutional bullishness and suggesting ~30% upside from current levels — this can attract investors and support the stock. PulteGroup (PHM) Has a New Rating from Truist Financial
• Positive Sentiment: PulteGroup signed a new builder relationship with The St. Joe Company to develop homesites in two gated communities in Northwest Florida — adds near-term sales visibility and community-level inventory for PHM. The St. Joe Company Announces New Builder Relationship With National Home Builder PulteGroup
• Positive Sentiment: Unusually large options activity: nearly 10k call contracts traded (roughly a 1,498% jump vs. typical volume), indicating short-term bullish positioning by some options traders and potential catalyst-driven speculation.
• Negative Sentiment: Industry pressure from rising mortgage rates and softer demand: a Barron’s piece highlights that higher rates and falling pending/closed sales are pressuring builder stocks broadly — a macro headwind that can weigh on PHM’s near-term sales and margins. Higher Mortgage Rates, Fewer Sales Hit Builder Stocks. The Next Few Weeks Will Be Crucial.
• Negative Sentiment: Market reaction: coverage notes and market reports point out that PHM pulled back more than the broader market in the latest session, reflecting investor caution amid the macro backdrop and near-term data. PulteGroup (PHM) Sees a More Significant Dip Than Broader Market: Some Facts to Know

PulteGroup Profile

PulteGroup, Inc (NYSE: PHM) is a U.S.-based residential homebuilder that designs, constructs and sells single-family homes and develops master-planned communities. The company operates multiple national and regional brands that target different buyer segments, including first-time buyers, move-up buyers and active-adult customers. Its operations encompass land acquisition and development, home design and construction, community amenities and ongoing customer service and warranty programs.

PulteGroup markets homes under several well-known brands, such as Pulte Homes, Centex and Del Webb, among others, offering a range of product types from entry-level detached homes to larger, higher-end residences and age-restricted active-adult communities.