PulteGroup, Inc. (NYSE:PHM) Shares Sold by Strategic Investment Advisors MI

Strategic Investment Advisors MI lessened its holdings in PulteGroup, Inc. (NYSE:PHM) by 11.4% in the fourth quarter, HoldingsChannel.com reports. The firm owned 6,371 shares of the construction company’s stock after selling 817 shares during the period. Strategic Investment Advisors MI’s holdings in PulteGroup were worth $694,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently added to or reduced their stakes in the company. Fortitude Family Office LLC boosted its holdings in PulteGroup by 115.1% in the third quarter. Fortitude Family Office LLC now owns 185 shares of the construction company’s stock worth $27,000 after purchasing an additional 99 shares during the period. Transcendent Capital Group LLC acquired a new position in PulteGroup in the third quarter worth $29,000. JNBA Financial Advisors acquired a new position in PulteGroup in the third quarter worth $43,000. Thurston Springer Miller Herd & Titak Inc. boosted its holdings in shares of PulteGroup by 1,059.3% during the third 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 during the period. Finally, Grove Bank & Trust boosted its holdings in shares of PulteGroup by 18.4% during the third quarter. Grove Bank & Trust now owns 463 shares of the construction company’s stock valued at $66,000 after acquiring an additional 72 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 $115.66 on Monday. The company has a current ratio of 0.73, a quick ratio of 0.73 and a debt-to-equity ratio of 0.14. The company’s 50-day moving average price is $119.02 and its two-hundred day moving average price is $127.42. PulteGroup, Inc. has a 52 week low of $100.24 and a 52 week high of $149.47. The stock has a market cap of $23.72 billion, a PE ratio of 8.53, a price-to-earnings-growth ratio of 0.46 and a beta of 1.67.

PulteGroup Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, January 3rd. Shareholders of record on Tuesday, December 17th were issued a dividend of $0.22 per share. This represents a $0.88 annualized dividend and a yield of 0.76%. The ex-dividend date of this dividend was Tuesday, December 17th. This is an increase from PulteGroup’s previous quarterly dividend of $0.20. PulteGroup’s payout ratio is presently 6.49%.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on PHM. Oppenheimer reduced their price target on shares of PulteGroup from $168.00 to $165.00 and set an “outperform” rating for the company in a report on Wednesday, October 23rd. StockNews.com downgraded shares of PulteGroup from a “buy” rating to a “hold” rating in a report on Wednesday, December 11th. Wedbush raised shares of PulteGroup from a “neutral” rating to an “outperform” rating and set a $135.00 price target for the company in a report on Friday, January 3rd. Barclays reduced their price target on shares of PulteGroup from $140.00 to $125.00 and set an “equal weight” rating for the company in a report on Thursday, January 16th. Finally, Citigroup reduced their price target on shares of PulteGroup from $146.00 to $119.00 and set a “neutral” rating for the company in a report on Monday, January 6th. Six analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $144.14.

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.