PulteGroup, Inc. $PHM Shares Sold by Voya Investment Management LLC

Voya Investment Management LLC cut its stake in shares of PulteGroup, Inc. (NYSE:PHM) by 23.1% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 45,600 shares of the construction company’s stock after selling 13,720 shares during the quarter. Voya Investment Management LLC’s holdings in PulteGroup were worth $6,025,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Evergreen Capital Management LLC raised its stake in shares of PulteGroup by 2.8% during the 2nd quarter. Evergreen Capital Management LLC now owns 2,875 shares of the construction company’s stock valued at $304,000 after buying an additional 78 shares during the last quarter. Fidelis Capital Partners LLC raised its position in PulteGroup by 1.0% during the second quarter. Fidelis Capital Partners LLC now owns 8,760 shares of the construction company’s stock worth $924,000 after acquiring an additional 85 shares during the period. Cooper Financial Group boosted its holdings in PulteGroup by 1.4% in the 2nd quarter. Cooper Financial Group now owns 6,697 shares of the construction company’s stock worth $706,000 after buying an additional 92 shares during the last quarter. Leavell Investment Management Inc. boosted its stake in shares of PulteGroup by 4.7% in the second quarter. Leavell Investment Management Inc. now owns 2,260 shares of the construction company’s stock worth $239,000 after acquiring an additional 102 shares during the last quarter. Finally, Envestnet Portfolio Solutions Inc. lifted its stake in shares of PulteGroup by 0.9% in the second quarter. Envestnet Portfolio Solutions Inc. now owns 11,635 shares of the construction company’s stock worth $1,227,000 after buying an additional 103 shares in the last quarter. Institutional investors and hedge funds own 89.90% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on PHM. Wedbush reissued an “outperform” rating and set a $150.00 price objective on shares of PulteGroup in a research note on Tuesday, October 21st. Evercore ISI cut their price target on shares of PulteGroup from $154.00 to $134.00 and set an “in-line” rating on the stock in a research note on Wednesday, October 22nd. BTIG Research assumed coverage on shares of PulteGroup in a report on Monday, December 1st. They issued a “neutral” rating on the stock. JPMorgan Chase & Co. boosted their price objective on shares of PulteGroup from $136.00 to $149.00 and gave the stock an “overweight” rating in a research report on Thursday, December 4th. Finally, Wells Fargo & Company lifted their target price on PulteGroup from $135.00 to $150.00 and gave the stock an “overweight” rating in a research report on Tuesday, September 2nd. One analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and seven have given a Hold rating to the stock. According to data from MarketBeat, PulteGroup presently has a consensus rating of “Moderate Buy” and a consensus target price of $137.25.

PulteGroup Price Performance

PulteGroup stock opened at $119.35 on Thursday. 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 business has a 50 day simple moving average of $121.82 and a 200-day simple moving average of $121.26. PulteGroup, Inc. has a 12 month low of $88.07 and a 12 month high of $142.11. The stock has a market capitalization of $23.26 billion, a PE ratio of 9.19, a price-to-earnings-growth ratio of 0.94 and a beta of 1.31.

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

PulteGroup Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 6th. Investors of record on Tuesday, December 16th will be issued a dividend of $0.26 per share. This is a boost from PulteGroup’s previous quarterly dividend of $0.22. This represents a $1.04 dividend on an annualized basis and a yield of 0.9%. The ex-dividend date of this dividend is Tuesday, December 16th. PulteGroup’s dividend payout ratio is currently 8.01%.

PulteGroup Profile

PulteGroup, Inc (NYSE: PHM) is a U.S.-based residential homebuilder that designs, constructs and sells single-family homes and develops master-planned communities. The company operates multiple national and regional brands that target different buyer segments, including first-time buyers, move-up buyers and active-adult customers. Its operations encompass land acquisition and development, home design and construction, community amenities and ongoing customer service and warranty programs.

PulteGroup markets homes under several well-known brands, such as Pulte Homes, Centex and Del Webb, among others, offering a range of product types from entry-level detached homes to larger, higher-end residences and age-restricted active-adult communities.