Kathmere Capital Management LLC Sells 148 Shares of PulteGroup, Inc. (NYSE:PHM)

Kathmere Capital Management LLC reduced its position in PulteGroup, Inc. (NYSE:PHM) by 2.8% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 5,062 shares of the construction company’s stock after selling 148 shares during the quarter. Kathmere Capital Management LLC’s holdings in PulteGroup were worth $551,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in PHM. Fortitude Family Office LLC raised its position in PulteGroup by 115.1% during the third quarter. Fortitude Family Office LLC now owns 185 shares of the construction company’s stock valued at $27,000 after purchasing an additional 99 shares in the last quarter. Transcendent Capital Group LLC acquired a new stake in shares of PulteGroup in the 3rd quarter valued at $29,000. JNBA Financial Advisors bought a new position in shares of PulteGroup in the 3rd quarter valued at $43,000. Thurston Springer Miller Herd & Titak Inc. lifted its position in shares of PulteGroup by 1,059.3% during the 3rd quarter. Thurston Springer Miller Herd & Titak Inc. now owns 313 shares of the construction company’s stock worth $45,000 after buying an additional 286 shares during the last quarter. Finally, Grove Bank & Trust lifted its position in shares of PulteGroup by 18.4% during the 3rd quarter. Grove Bank & Trust now owns 463 shares of the construction company’s stock worth $66,000 after buying an additional 72 shares during the last quarter. Institutional investors own 89.90% of the company’s stock.

PulteGroup Trading Up 2.9 %

Shares of PHM stock opened at $115.77 on Thursday. The stock has a 50-day moving average of $121.20 and a 200-day moving average of $126.93. 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 stock has a market cap of $23.74 billion, a price-to-earnings ratio of 8.54, a PEG ratio of 0.48 and a beta of 1.67. PulteGroup, Inc. has a 1-year low of $100.24 and a 1-year high of $149.47.

PulteGroup (NYSE:PHM) last released its quarterly earnings results on Tuesday, October 22nd. The construction company reported $3.35 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.10 by $0.25. PulteGroup had a net margin of 16.64% and a return on equity of 25.30%. The firm had revenue of $4.48 billion during the quarter, compared to analyst estimates of $4.27 billion. During the same quarter last year, the business earned $2.90 EPS. The company’s revenue was up 11.8% compared to the same quarter last year. On average, equities research analysts forecast that PulteGroup, Inc. will post 12.94 earnings per share for the current year.

PulteGroup Increases Dividend

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

Analyst Upgrades and Downgrades

A number of research firms have issued reports on PHM. Bank of America lifted their target price on PulteGroup from $138.00 to $160.00 and gave the company a “buy” rating in a research report on Thursday, September 19th. Citigroup dropped their price objective on shares of PulteGroup from $146.00 to $119.00 and set a “neutral” rating for the company in a research note on Monday, January 6th. Oppenheimer decreased their target price on shares of PulteGroup from $168.00 to $165.00 and set an “outperform” rating on the stock in a research note on Wednesday, October 23rd. StockNews.com cut PulteGroup from a “buy” rating to a “hold” rating in a research note on Wednesday, December 11th. Finally, Wells Fargo & Company cut their price objective on PulteGroup from $165.00 to $140.00 and set an “overweight” rating on the stock in a report on Tuesday, December 17th. Six equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $145.21.

PulteGroup 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.