Pandora Wealth Inc. Trims Stock Position in PulteGroup, Inc. $PHM

Pandora Wealth Inc. lessened its position in shares of PulteGroup, Inc. (NYSE:PHM) by 9.5% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 857 shares of the construction company’s stock after selling 90 shares during the quarter. Pandora Wealth Inc.’s holdings in PulteGroup were worth $90,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in PHM. WPG Advisers LLC purchased a new stake in shares of PulteGroup during the 1st quarter valued at approximately $25,000. Hager Investment Management Services LLC raised its position in shares of PulteGroup by 33.3% during the 2nd quarter. Hager Investment Management Services LLC now owns 420 shares of the construction company’s stock valued at $44,000 after buying an additional 105 shares during the period. Catalyst Capital Advisors LLC purchased a new stake in shares of PulteGroup during the 1st quarter valued at approximately $54,000. REAP Financial Group LLC raised its position in shares of PulteGroup by 188.1% during the 2nd quarter. REAP Financial Group LLC now owns 533 shares of the construction company’s stock valued at $56,000 after buying an additional 348 shares during the period. Finally, Quarry LP raised its position in 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 purchasing an additional 174 shares during the period. Hedge funds and other institutional investors own 89.90% of the company’s stock.

PulteGroup Stock Performance

NYSE:PHM opened at $119.92 on Monday. The company has a fifty day simple moving average of $130.52 and a two-hundred day simple moving average of $113.04. The company has a market cap of $23.66 billion, a price-to-earnings ratio of 8.96, a price-to-earnings-growth ratio of 0.35 and a beta of 1.29. The company has a quick ratio of 0.77, a current ratio of 0.77 and a debt-to-equity ratio of 0.13. PulteGroup, Inc. has a 52 week low of $88.07 and a 52 week high of $149.47.

PulteGroup (NYSE:PHM) last issued its earnings results on Tuesday, July 22nd. The construction company reported $3.03 EPS for the quarter, topping analysts’ consensus estimates of $2.92 by $0.11. The firm had revenue of $4.40 billion during the quarter, compared to the consensus estimate of $4.42 billion. PulteGroup had a net margin of 15.50% and a return on equity of 21.01%. The company’s revenue was down 4.3% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $3.83 earnings per share. As a group, equities analysts anticipate that PulteGroup, Inc. will post 12.32 earnings per share for the current fiscal year.

PulteGroup Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, October 2nd. Investors of record on Tuesday, September 16th were paid a dividend of $0.22 per share. The ex-dividend date was Tuesday, September 16th. This represents a $0.88 dividend on an annualized basis and a dividend yield of 0.7%. PulteGroup’s payout ratio is presently 6.58%.

Analyst Ratings Changes

A number of analysts have issued reports on the company. Bank of America cut their target price on PulteGroup from $145.00 to $140.00 and set a “buy” rating on the stock in a research report on Friday. Wells Fargo & Company boosted their target price on PulteGroup from $135.00 to $150.00 and gave the company an “overweight” rating in a research report on Tuesday, September 2nd. UBS Group boosted their target price on PulteGroup from $141.00 to $150.00 and gave the company a “buy” rating in a research report on Wednesday, July 23rd. JPMorgan Chase & Co. boosted their target price on PulteGroup from $121.00 to $123.00 and gave the company an “overweight” rating in a research report on Wednesday, July 23rd. Finally, Seaport Res Ptn raised PulteGroup from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, July 22nd. One equities research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and seven have assigned a Hold rating to the stock. According to data from MarketBeat, PulteGroup presently has an average rating of “Moderate Buy” and a consensus price target of $136.92.

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.