PulteGroup, Inc. $PHM Stock Position Decreased by Darwin Wealth Management LLC

Darwin Wealth Management LLC trimmed its stake in PulteGroup, Inc. (NYSE:PHM) by 97.4% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 265 shares of the construction company’s stock after selling 9,866 shares during the quarter. Darwin Wealth Management LLC’s holdings in PulteGroup were worth $35,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. HBK Sorce Advisory LLC purchased a new position in PulteGroup in the 3rd quarter worth about $252,000. Avanza Fonder AB boosted its holdings in shares of PulteGroup by 2.6% in the third quarter. Avanza Fonder AB now owns 18,682 shares of the construction company’s stock worth $2,468,000 after buying an additional 481 shares during the period. CWM LLC increased its position in shares of PulteGroup by 0.6% in the third quarter. CWM LLC now owns 14,308 shares of the construction company’s stock worth $1,890,000 after acquiring an additional 92 shares in the last quarter. Norden Group LLC raised its holdings in shares of PulteGroup by 56.0% during the third quarter. Norden Group LLC now owns 5,990 shares of the construction company’s stock valued at $791,000 after acquiring an additional 2,151 shares during the period. Finally, World Investment Advisors raised its holdings in shares of PulteGroup by 7.4% during the third quarter. World Investment Advisors now owns 4,280 shares of the construction company’s stock valued at $566,000 after acquiring an additional 295 shares during the period. 89.90% of the stock is owned by institutional investors and hedge funds.

PulteGroup Stock Performance

Shares of NYSE PHM opened at $119.17 on Friday. The business has a fifty day simple moving average of $121.63 and a 200 day simple moving average of $121.37. The firm has a market capitalization of $23.23 billion, a price-to-earnings ratio of 9.17, a PEG ratio of 0.96 and a beta of 1.31. PulteGroup, Inc. has a one year low of $88.07 and a one year high of $142.11. The company has a current ratio of 0.81, a quick ratio of 0.81 and a debt-to-equity ratio of 0.13.

PulteGroup (NYSE:PHM) last announced its quarterly earnings results on Tuesday, October 21st. The construction company reported $2.96 EPS for the quarter, topping analysts’ consensus estimates of $2.86 by $0.10. The firm 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 company’s revenue for the quarter was down 1.6% compared to the same quarter last year. During the same quarter last year, the company earned $3.35 earnings per share. Sell-side analysts expect that PulteGroup, Inc. will post 12.32 EPS for the current year.

PulteGroup Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, January 6th. Shareholders of record on Tuesday, December 16th will be given a $0.26 dividend. This represents a $1.04 dividend on an annualized basis and a yield of 0.9%. This is a positive change from PulteGroup’s previous quarterly dividend of $0.22. The ex-dividend date is Tuesday, December 16th. PulteGroup’s dividend payout ratio (DPR) is currently 8.01%.

Analysts Set New Price Targets

Several research firms have weighed in on PHM. Wells Fargo & Company lifted their price objective on shares of PulteGroup from $135.00 to $150.00 and gave the stock an “overweight” rating in a research report on Tuesday, September 2nd. Barclays set a $115.00 price target on PulteGroup in a report on Monday, December 8th. Zacks Research raised PulteGroup from a “strong sell” rating to a “hold” rating in a research note on Friday, August 29th. Citigroup boosted their price target on shares of PulteGroup from $132.00 to $143.00 and gave the company a “neutral” rating in a report on Wednesday, October 1st. Finally, Evercore ISI dropped their price objective on PulteGroup from $154.00 to $134.00 and set an “in-line” rating on the stock in a report on Wednesday, October 22nd. One analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and seven have assigned a Hold rating to the stock. Based on data from MarketBeat, PulteGroup currently has an average rating of “Moderate Buy” and a consensus target price of $137.25.

PulteGroup Company 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.