Patton Albertson Miller Group LLC Sells 11,473 Shares of PulteGroup, Inc. (NYSE:PHM)

Patton Albertson Miller Group LLC trimmed its holdings in shares of PulteGroup, Inc. (NYSE:PHM - Free Report) by 15.0% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 64,998 shares of the construction company's stock after selling 11,473 shares during the quarter. Patton Albertson Miller Group LLC's holdings in PulteGroup were worth $6,682,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in PHM. Ameriflex Group Inc. acquired a new position in shares of PulteGroup during the fourth quarter valued at about $37,000. TD Waterhouse Canada Inc. increased its holdings in shares of PulteGroup by 43.0% during the fourth quarter. TD Waterhouse Canada Inc. now owns 349 shares of the construction company's stock valued at $38,000 after acquiring an additional 105 shares in the last quarter. American National Bank & Trust acquired a new position in shares of PulteGroup during the first quarter valued at about $39,000. Quarry LP acquired a new position in shares of PulteGroup during the fourth quarter valued at about $43,000. Finally, Catalyst Capital Advisors LLC acquired a new position in shares of PulteGroup during the first quarter valued at about $54,000. 89.90% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on the company. Evercore ISI upped their target price on PulteGroup from $161.00 to $165.00 and gave the company an "outperform" rating in a research report on Wednesday, April 23rd. Royal Bank Of Canada dropped their target price on PulteGroup from $116.00 to $109.00 and set a "sector perform" rating on the stock in a research report on Wednesday, April 23rd. UBS Group lowered their price objective on PulteGroup from $151.00 to $141.00 and set a "buy" rating on the stock in a research report on Wednesday, April 23rd. Wedbush restated an "outperform" rating and issued a $135.00 price objective on shares of PulteGroup in a research report on Tuesday, April 22nd. Finally, Wells Fargo & Company upped their price objective on PulteGroup from $120.00 to $125.00 and gave the stock an "overweight" rating in a research report on Tuesday, July 8th. Seven investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $133.69.

PulteGroup Trading Up 0.1%

Shares of PHM stock opened at $109.42 on Friday. The stock has a 50 day simple moving average of $104.07 and a 200-day simple moving average of $104.83. PulteGroup, Inc. has a 1-year low of $88.07 and a 1-year high of $149.47. The company has a debt-to-equity ratio of 0.13, a current ratio of 0.80 and a quick ratio of 0.80. The company has a market cap of $21.93 billion, a price-to-earnings ratio of 7.72, a PEG ratio of 0.32 and a beta of 1.29.

PulteGroup (NYSE:PHM - Get Free Report) last posted its quarterly earnings data on Tuesday, April 22nd. The construction company reported $2.57 EPS for the quarter, beating the consensus estimate of $2.47 by $0.10. PulteGroup had a return on equity of 22.86% and a net margin of 16.45%. The firm had revenue of $3.89 billion during the quarter, compared to the consensus estimate of $3.86 billion. During the same period in the prior year, the company earned $3.10 EPS. On average, equities research analysts expect that PulteGroup, Inc. will post 12.32 EPS for the current fiscal year.

PulteGroup Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, July 2nd. Investors of record on Tuesday, June 17th were given a dividend of $0.22 per share. This represents a $0.88 dividend on an annualized basis and a dividend yield of 0.80%. The ex-dividend date of this dividend was Tuesday, June 17th. PulteGroup's payout ratio is 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.

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