38,354 Shares in PulteGroup, Inc. (NYSE:PHM) Bought by Prevail Innovative Wealth Advisors LLC

Prevail Innovative Wealth Advisors LLC bought a new position in shares of PulteGroup, Inc. (NYSE:PHM - Free Report) during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 38,354 shares of the construction company's stock, valued at approximately $3,943,000. PulteGroup makes up about 1.0% of Prevail Innovative Wealth Advisors LLC's investment portfolio, making the stock its 28th largest holding.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in PHM. Bogart Wealth LLC raised its position in PulteGroup by 2.6% in the first quarter. Bogart Wealth LLC now owns 65,364 shares of the construction company's stock worth $6,719,000 after acquiring an additional 1,669 shares in the last quarter. Signaturefd LLC boosted its stake in PulteGroup by 1.9% in the 1st quarter. Signaturefd LLC now owns 6,644 shares of the construction company's stock worth $683,000 after buying an additional 127 shares during the last quarter. Edgestream Partners L.P. raised its stake in PulteGroup by 2,687.0% during the first quarter. Edgestream Partners L.P. now owns 77,310 shares of the construction company's stock worth $7,947,000 after purchasing an additional 74,536 shares during the period. Florida Financial Advisors LLC grew its position in PulteGroup by 30.5% during the first quarter. Florida Financial Advisors LLC now owns 4,832 shares of the construction company's stock valued at $496,000 after acquiring an additional 1,129 shares during the period. Finally, Reyes Financial Architecture Inc. raised its holdings in PulteGroup by 42.1% in the first quarter. Reyes Financial Architecture Inc. now owns 770 shares of the construction company's stock valued at $79,000 after buying an additional 228 shares during the period. Hedge funds and other institutional investors own 89.90% of the company's stock.

Wall Street Analysts Forecast Growth

PHM has been the topic of several analyst reports. Wells Fargo & Company raised their target price on PulteGroup from $120.00 to $125.00 and gave the company an "overweight" rating in a report on Tuesday, July 8th. Wedbush restated an "outperform" rating and set a $135.00 target price on shares of PulteGroup in a research note on Tuesday, April 22nd. Royal Bank Of Canada cut their price target on PulteGroup from $116.00 to $109.00 and set a "sector perform" rating on the stock in a research note on Wednesday, April 23rd. 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. Finally, Barclays dropped their target price on shares of PulteGroup from $100.00 to $98.00 and set an "equal weight" rating for the company in a research report on Wednesday, April 23rd. 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 currently has an average rating of "Moderate Buy" and a consensus target price of $133.69.

PulteGroup Stock Performance

Shares of PHM traded down $4.81 during trading hours on Tuesday, reaching $108.03. 2,495,868 shares of the company's stock traded hands, compared to its average volume of 2,046,697. PulteGroup, Inc. has a twelve month low of $88.07 and a twelve month high of $149.47. The business's fifty day simple moving average is $103.65 and its two-hundred day simple moving average is $104.77. 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 firm has a market capitalization of $21.65 billion, a price-to-earnings ratio of 7.62, a P/E/G ratio of 0.33 and a beta of 1.29.

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

PulteGroup Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, July 2nd. Shareholders of record on Tuesday, June 17th were given a $0.22 dividend. This represents a $0.88 annualized dividend and a yield of 0.81%. The ex-dividend date was Tuesday, June 17th. PulteGroup's dividend payout ratio (DPR) is presently 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.