MorganRosel Wealth Management LLC Sells 5,451 Shares of PulteGroup, Inc. (NYSE:PHM)

MorganRosel Wealth Management LLC trimmed its stake in shares of PulteGroup, Inc. (NYSE:PHM - Free Report) by 49.6% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 5,545 shares of the construction company's stock after selling 5,451 shares during the quarter. MorganRosel Wealth Management LLC's holdings in PulteGroup were worth $570,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Ameriflex Group Inc. bought a new position in shares of PulteGroup during the fourth quarter worth approximately $37,000. TD Waterhouse Canada Inc. grew its holdings in PulteGroup by 43.0% in the 4th quarter. TD Waterhouse Canada Inc. now owns 349 shares of the construction company's stock valued at $38,000 after buying an additional 105 shares in the last quarter. American National Bank & Trust bought a new position in PulteGroup during the 1st quarter worth $39,000. Quarry LP bought a new position in PulteGroup during the 4th quarter worth $43,000. Finally, Sentry Investment Management LLC acquired a new stake in shares of PulteGroup during the first quarter worth $61,000. 89.90% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

PHM has been the topic of a number of recent research reports. UBS Group lowered their price target on shares of PulteGroup from $151.00 to $141.00 and set a "buy" rating on the stock in a research report on Wednesday, April 23rd. Royal Bank Of Canada lowered their target price on shares of PulteGroup from $116.00 to $109.00 and set a "sector perform" rating on the stock in a report on Wednesday, April 23rd. Wedbush reiterated an "outperform" rating and issued a $135.00 price target on shares of PulteGroup in a research note on Tuesday, April 22nd. Evercore ISI increased their price target on PulteGroup from $161.00 to $165.00 and gave the stock an "outperform" rating in a research report on Wednesday, April 23rd. Finally, Wells Fargo & Company dropped their price objective on PulteGroup from $140.00 to $120.00 and set an "overweight" rating for the company in a report on Monday, April 14th. Seven investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company's stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $134.69.

PulteGroup Stock Up 0.1%

NYSE PHM traded up $0.11 during mid-day trading on Monday, hitting $105.63. The company's stock had a trading volume of 1,635,090 shares, compared to its average volume of 2,021,462. The firm has a market capitalization of $21.17 billion, a price-to-earnings ratio of 7.45, a PEG ratio of 0.31 and a beta of 1.29. The company's 50 day simple moving average is $101.61 and its 200 day simple moving average is $104.88. The company has a current ratio of 0.80, a quick ratio of 0.80 and a debt-to-equity ratio of 0.13. PulteGroup, Inc. has a twelve month low of $88.07 and a twelve month high of $149.47.

PulteGroup (NYSE:PHM - Get Free Report) last posted its earnings results on Tuesday, April 22nd. The construction company reported $2.57 EPS for the quarter, topping the consensus estimate of $2.47 by $0.10. PulteGroup had a net margin of 16.45% and a return on equity of 22.86%. The company had revenue of $3.89 billion during the quarter, compared to the consensus estimate of $3.86 billion. During the same period in the previous year, the firm posted $3.10 earnings per share. Analysts anticipate that PulteGroup, Inc. will post 12.32 earnings per share for the current year.

PulteGroup Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, July 2nd. Investors of record on Tuesday, June 17th will be given a $0.22 dividend. This represents a $0.88 dividend on an annualized basis and a yield of 0.83%. The ex-dividend date of this dividend is Tuesday, June 17th. PulteGroup's payout ratio is currently 6.21%.

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.