Whalen Wealth Management Inc. Has $475,000 Stake in PulteGroup, Inc. $PHM

Whalen Wealth Management Inc. cut its holdings in shares of PulteGroup, Inc. (NYSE:PHM) by 63.1% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 3,597 shares of the construction company’s stock after selling 6,138 shares during the quarter. Whalen Wealth Management Inc.’s holdings in PulteGroup were worth $475,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. WPG Advisers LLC bought a new position in PulteGroup during the first quarter worth $25,000. Twin Peaks Wealth Advisors LLC bought a new stake in shares of PulteGroup during the 2nd quarter valued at $32,000. Rexford Capital Inc. acquired a new stake in shares of PulteGroup during the 2nd quarter worth $35,000. Hager Investment Management Services LLC grew its holdings 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 worth $44,000 after purchasing an additional 105 shares in the last quarter. Finally, REAP Financial Group LLC increased its position 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 worth $56,000 after purchasing an additional 348 shares during the period. Institutional investors own 89.90% of the company’s stock.

Wall Street Analysts Forecast Growth

PHM has been the topic of a number of analyst reports. JPMorgan Chase & Co. increased their price objective on shares of PulteGroup from $136.00 to $149.00 and gave the stock an “overweight” rating in a research note on Thursday, December 4th. Zacks Research raised shares of PulteGroup from a “strong sell” rating to a “hold” rating in a report on Friday, August 29th. Wells Fargo & Company lifted 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. Weiss Ratings restated a “buy (b-)” rating on shares of PulteGroup in a research report on Monday. Finally, BTIG Research initiated coverage on PulteGroup in a report on Monday, December 1st. They issued a “neutral” rating on the stock. One research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and seven have issued a Hold rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $137.25.

PulteGroup Stock Performance

Shares of PulteGroup stock opened at $121.56 on Friday. PulteGroup, Inc. has a fifty-two week low of $88.07 and a fifty-two week high of $142.11. The company has a debt-to-equity ratio of 0.13, a current ratio of 0.81 and a quick ratio of 0.81. The firm has a market capitalization of $23.69 billion, a P/E ratio of 9.36, a P/E/G ratio of 0.98 and a beta of 1.31. The company’s 50 day moving average price is $122.11 and its two-hundred day moving average price is $120.59.

PulteGroup (NYSE:PHM) last released its quarterly earnings data on Tuesday, October 21st. The construction company reported $2.96 earnings per share for the quarter, beating the consensus estimate of $2.86 by $0.10. PulteGroup had a return on equity of 19.58% and a net margin of 14.93%.The company had revenue of $4.40 billion for the quarter, compared to the consensus estimate of $4.31 billion. During the same quarter last year, the business posted $3.35 EPS. PulteGroup’s revenue for the quarter was down 1.6% on a year-over-year basis. On average, equities analysts forecast that PulteGroup, Inc. will post 12.32 earnings per share for the current fiscal year.

PulteGroup Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, January 6th. Stockholders of record on Tuesday, December 16th will be issued a dividend of $0.26 per share. This represents a $1.04 annualized dividend and a dividend yield of 0.9%. This is an increase from PulteGroup’s previous quarterly dividend of $0.22. The ex-dividend date is Tuesday, December 16th. PulteGroup’s dividend payout ratio (DPR) is presently 8.01%.

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.