Omnia Family Wealth LLC Has $240,000 Stock Position in PulteGroup, Inc. (NYSE:PHM)

Omnia Family Wealth LLC lifted its holdings in shares of PulteGroup, Inc. (NYSE:PHM) by 8.4% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 2,333 shares of the construction company’s stock after purchasing an additional 180 shares during the quarter. Omnia Family Wealth LLC’s holdings in PulteGroup were worth $240,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of the business. Golden State Wealth Management LLC increased its stake in shares of PulteGroup by 136.5% during the 1st quarter. Golden State Wealth Management LLC now owns 1,854 shares of the construction company’s stock worth $191,000 after purchasing an additional 1,070 shares during the last quarter. Spire Wealth Management boosted its holdings in shares of PulteGroup by 80.9% during the 1st quarter. Spire Wealth Management now owns 2,956 shares of the construction company’s stock worth $304,000 after buying an additional 1,322 shares during the period. Golden State Equity Partners boosted its holdings in shares of PulteGroup by 15.7% during the 1st quarter. Golden State Equity Partners now owns 2,617 shares of the construction company’s stock worth $269,000 after buying an additional 356 shares during the period. Edmp Inc. bought a new stake in shares of PulteGroup during the 1st quarter worth $215,000. Finally, 1858 Wealth Management LLC boosted its holdings in shares of PulteGroup by 24.3% during the 1st quarter. 1858 Wealth Management LLC now owns 2,919 shares of the construction company’s stock worth $300,000 after buying an additional 570 shares during the period. Institutional investors and hedge funds own 89.90% of the company’s stock.

PulteGroup Price Performance

Shares of PulteGroup stock opened at $103.52 on Thursday. The firm has a fifty day moving average price of $101.21 and a two-hundred day moving average price of $105.40. The company has a market cap of $20.75 billion, a PE ratio of 7.30, a price-to-earnings-growth ratio of 0.31 and a beta of 1.29. PulteGroup, Inc. has a fifty-two week low of $88.07 and a fifty-two week high of $149.47. The company has a debt-to-equity ratio of 0.13, a current ratio of 0.80 and a quick ratio of 0.80.

PulteGroup (NYSE:PHM) last issued its earnings results on Tuesday, April 22nd. The construction company reported $2.57 earnings per share for the quarter, beating the consensus estimate of $2.47 by $0.10. PulteGroup had a net margin of 16.45% and a return on equity of 22.86%. The business had revenue of $3.89 billion for the quarter, compared to analyst estimates of $3.86 billion. During the same period in the previous year, the business earned $3.10 EPS. Analysts expect that PulteGroup, Inc. will post 12.32 EPS for the current year.

PulteGroup Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, July 2nd. Stockholders of record on Tuesday, June 17th will be given a dividend of $0.22 per share. The ex-dividend date is Tuesday, June 17th. This represents a $0.88 annualized dividend and a dividend yield of 0.85%. PulteGroup’s dividend payout ratio (DPR) is currently 6.21%.

Analyst Ratings Changes

PHM has been the subject of several recent analyst reports. Wedbush reaffirmed an “outperform” rating and set a $135.00 price objective on shares of PulteGroup in a report on Tuesday, April 22nd. Evercore ISI upped their price objective on shares of PulteGroup from $161.00 to $165.00 and gave the stock an “outperform” rating in a report on Wednesday, April 23rd. Barclays decreased their price objective on shares of PulteGroup from $100.00 to $98.00 and set an “equal weight” rating for the company in a report on Wednesday, April 23rd. Wells Fargo & Company decreased their price objective on shares of PulteGroup from $140.00 to $120.00 and set an “overweight” rating for the company in a report on Monday, April 14th. Finally, Seaport Res Ptn raised shares of PulteGroup from a “strong sell” rating to a “hold” rating in a report on Thursday, March 6th. Seven investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $134.69.

About PulteGroup

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.