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Atria Wealth Solutions Inc. Reduces Position in PulteGroup, Inc. (NYSE:PHM)

PulteGroup logo with Construction background

Atria Wealth Solutions Inc. lessened its holdings in shares of PulteGroup, Inc. (NYSE:PHM - Free Report) by 46.5% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 6,953 shares of the construction company's stock after selling 6,047 shares during the period. Atria Wealth Solutions Inc.'s holdings in PulteGroup were worth $716,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of the business. Ameriflex Group Inc. purchased a new stake in shares of PulteGroup in the fourth quarter valued at approximately $37,000. TD Waterhouse Canada Inc. boosted its holdings in shares of PulteGroup by 43.0% in the fourth quarter. TD Waterhouse Canada Inc. now owns 349 shares of the construction company's stock valued at $38,000 after purchasing an additional 105 shares during the period. American National Bank & Trust purchased a new stake in shares of PulteGroup in the first quarter valued at approximately $39,000. Quarry LP purchased a new stake in shares of PulteGroup in the fourth quarter valued at approximately $43,000. Finally, Catalyst Capital Advisors LLC purchased a new stake in shares of PulteGroup in the first quarter valued at approximately $54,000. Hedge funds and other institutional investors own 89.90% of the company's stock.

PulteGroup Stock Performance

Shares of PHM stock opened at $123.56 on Wednesday. The business's fifty day simple moving average is $110.08 and its 200-day simple moving average is $105.42. The company has a market cap of $24.38 billion, a PE ratio of 9.23, a PEG ratio of 0.35 and a beta of 1.22. The company has a current ratio of 0.77, a quick ratio of 0.77 and a debt-to-equity ratio of 0.13. PulteGroup, Inc. has a 12-month low of $88.07 and a 12-month high of $149.47.

PulteGroup (NYSE:PHM - Get Free Report) last issued its quarterly earnings results on Tuesday, July 22nd. The construction company reported $3.03 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.92 by $0.11. PulteGroup had a return on equity of 21.01% and a net margin of 15.50%. The business had revenue of $4.40 billion for the quarter, compared to the consensus estimate of $4.42 billion. During the same period in the prior year, the firm posted $3.83 earnings per share. The business's quarterly revenue was down 4.3% on a year-over-year basis. Analysts expect that PulteGroup, Inc. will post 12.32 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on PHM shares. UBS Group boosted their price target on PulteGroup from $141.00 to $150.00 and gave the company a "buy" rating in a report on Wednesday, July 23rd. Oppenheimer boosted their price target on PulteGroup from $132.00 to $140.00 and gave the company an "outperform" rating in a report on Wednesday, July 23rd. Wedbush reissued an "outperform" rating and issued a $135.00 price objective on shares of PulteGroup in a research note on Tuesday, April 22nd. Barclays reduced their price objective on shares of PulteGroup from $100.00 to $98.00 and set an "equal weight" rating for the company in a research note on Wednesday, April 23rd. Finally, Evercore ISI boosted their price objective on shares of PulteGroup from $161.00 to $165.00 and gave the stock an "outperform" rating in a research note on Wednesday, April 23rd. Six investment analysts have rated the stock with a hold rating, nine have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, PulteGroup has an average rating of "Moderate Buy" and an average target price of $134.15.

Check Out Our Latest Analysis on PHM

About PulteGroup

(Free Report)

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.

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Institutional Ownership by Quarter for PulteGroup (NYSE:PHM)

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.

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