Peak Financial Advisors LLC Sells 249 Shares of PulteGroup, Inc. (NYSE:PHM)

Peak Financial Advisors LLC reduced its position in shares of PulteGroup, Inc. (NYSE:PHM) by 0.9% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 27,460 shares of the construction company’s stock after selling 249 shares during the period. PulteGroup comprises about 1.6% of Peak Financial Advisors LLC’s investment portfolio, making the stock its 22nd biggest position. Peak Financial Advisors LLC’s holdings in PulteGroup were worth $2,990,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in PHM. Fortitude Family Office LLC increased its position in 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 acquiring an additional 99 shares in the last quarter. Transcendent Capital Group LLC acquired a new stake in PulteGroup in the 3rd quarter valued at about $29,000. JNBA Financial Advisors acquired a new stake in PulteGroup in the 3rd quarter valued at about $43,000. Thurston Springer Miller Herd & Titak Inc. increased its position in PulteGroup by 1,059.3% in the 3rd quarter. Thurston Springer Miller Herd & Titak Inc. now owns 313 shares of the construction company’s stock valued at $45,000 after acquiring an additional 286 shares in the last quarter. Finally, Grove Bank & Trust increased its position in PulteGroup by 18.4% in 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 in the last quarter. 89.90% of the stock is owned by institutional investors.

PulteGroup Stock Performance

Shares of PHM opened at $115.48 on Wednesday. The company has a debt-to-equity ratio of 0.14, a quick ratio of 0.73 and a current ratio of 0.73. PulteGroup, Inc. has a twelve month low of $100.24 and a twelve month high of $149.47. The firm’s 50 day moving average price is $121.20 and its two-hundred day moving average price is $126.93. The firm has a market cap of $23.68 billion, a P/E ratio of 8.52, a PEG ratio of 0.48 and a beta of 1.67.

PulteGroup (NYSE:PHM) last announced its quarterly earnings results on Tuesday, October 22nd. The construction company reported $3.35 earnings per share for the quarter, beating analysts’ consensus estimates of $3.10 by $0.25. The firm had revenue of $4.48 billion for the quarter, compared to analyst estimates of $4.27 billion. PulteGroup had a net margin of 16.64% and a return on equity of 25.30%. The business’s revenue was up 11.8% on a year-over-year basis. During the same quarter in the previous year, the firm posted $2.90 earnings per share. On average, analysts forecast that PulteGroup, Inc. will post 12.94 EPS for the current fiscal year.

PulteGroup Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, January 3rd. Stockholders of record on Tuesday, December 17th were given a $0.22 dividend. This represents a $0.88 dividend on an annualized basis and a dividend yield of 0.76%. The ex-dividend date was Tuesday, December 17th. This is a positive change from PulteGroup’s previous quarterly dividend of $0.20. PulteGroup’s payout ratio is currently 6.49%.

Analysts Set New Price Targets

Several equities research analysts have weighed in on the stock. Wells Fargo & Company lowered their price objective on shares of PulteGroup from $165.00 to $140.00 and set an “overweight” rating for the company in a research report on Tuesday, December 17th. JPMorgan Chase & Co. lowered their price target on shares of PulteGroup from $162.00 to $155.00 and set an “overweight” rating for the company in a research report on Friday, December 13th. The Goldman Sachs Group lowered their price target on shares of PulteGroup from $140.00 to $124.00 and set a “neutral” rating for the company in a research report on Tuesday. Barclays reiterated an “equal weight” rating and set a $140.00 price target (down previously from $150.00) on shares of PulteGroup in a research report on Wednesday, December 11th. Finally, Oppenheimer lowered their price target on shares of PulteGroup from $168.00 to $165.00 and set an “outperform” rating for the company in a research report on Wednesday, October 23rd. Six equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $145.21.

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.