PulteGroup, Inc. $PHM Shares Sold by Eads & Heald Wealth Management

Eads & Heald Wealth Management lessened its holdings in PulteGroup, Inc. (NYSE:PHM) by 4.0% during the 2nd quarter, Holdings Channel.com reports. The institutional investor owned 3,277 shares of the construction company’s stock after selling 135 shares during the period. Eads & Heald Wealth Management’s holdings in PulteGroup were worth $346,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also bought and sold shares of the business. Reyes Financial Architecture Inc. lifted its holdings in shares of PulteGroup by 42.1% in the 1st quarter. Reyes Financial Architecture Inc. now owns 770 shares of the construction company’s stock valued at $79,000 after buying an additional 228 shares during the period. Xponance Inc. lifted its holdings in PulteGroup by 38.6% in the first quarter. Xponance Inc. now owns 38,993 shares of the construction company’s stock valued at $4,008,000 after acquiring an additional 10,867 shares during the period. Florida Financial Advisors LLC boosted its position in PulteGroup by 30.5% in the 1st quarter. Florida Financial Advisors LLC now owns 4,832 shares of the construction company’s stock worth $496,000 after purchasing an additional 1,129 shares in the last quarter. Edgestream Partners L.P. boosted its position in PulteGroup by 2,687.0% in the 1st quarter. Edgestream Partners L.P. now owns 77,310 shares of the construction company’s stock worth $7,947,000 after purchasing an additional 74,536 shares in the last quarter. Finally, Golden State Wealth Management LLC increased its holdings in shares of PulteGroup by 15.9% during the 1st quarter. Golden State Wealth Management LLC now owns 909 shares of the construction company’s stock valued at $93,000 after purchasing an additional 125 shares in the last quarter. 89.90% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of analysts recently issued reports on PHM shares. Raymond James Financial reissued an “outperform” rating and set a $140.00 price target (up from $115.00) on shares of PulteGroup in a report on Wednesday, July 23rd. Weiss Ratings reissued a “hold (c+)” rating on shares of PulteGroup in a research note on Saturday, September 27th. Royal Bank Of Canada lifted their price target on PulteGroup from $109.00 to $112.00 and gave the company a “sector perform” rating in a research note on Wednesday, July 23rd. Zacks Research upgraded PulteGroup from a “strong sell” rating to a “hold” rating in a research report on Friday, August 29th. Finally, Seaport Res Ptn raised PulteGroup from a “hold” rating to a “strong-buy” rating in a report on Tuesday, July 22nd. One analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and six have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $137.31.

PulteGroup Price Performance

Shares of NYSE PHM opened at $137.70 on Monday. The firm has a 50-day simple moving average of $129.39 and a 200-day simple moving average of $112.28. The company has a quick ratio of 0.77, a current ratio of 0.77 and a debt-to-equity ratio of 0.13. The stock has a market capitalization of $27.17 billion, a price-to-earnings ratio of 10.29, a price-to-earnings-growth ratio of 0.40 and a beta of 1.29. PulteGroup, Inc. has a 52 week low of $88.07 and a 52 week high of $149.47.

PulteGroup (NYSE:PHM) last announced its quarterly earnings data on Tuesday, July 22nd. The construction company reported $3.03 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.92 by $0.11. PulteGroup had a net margin of 15.50% and a return on equity of 21.01%. The company had revenue of $4.40 billion during the quarter, compared to analysts’ expectations of $4.42 billion. During the same quarter in the prior year, the company earned $3.83 EPS. PulteGroup’s revenue was down 4.3% compared to the same quarter last year. On average, equities analysts predict that PulteGroup, Inc. will post 12.32 earnings per share for the current fiscal year.

PulteGroup Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, October 2nd. Shareholders of record on Tuesday, September 16th were paid a dividend of $0.22 per share. The ex-dividend date of this dividend was Tuesday, September 16th. This represents a $0.88 dividend on an annualized basis and a yield of 0.6%. PulteGroup’s payout ratio is 6.58%.

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.