Carolina Wealth Advisors LLC Sells 3,275 Shares of PulteGroup, Inc. (NYSE:PHM)

Carolina Wealth Advisors LLC lessened its stake in PulteGroup, Inc. (NYSE:PHM - Free Report) by 59.7% in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 2,207 shares of the construction company's stock after selling 3,275 shares during the quarter. Carolina Wealth Advisors LLC's holdings in PulteGroup were worth $227,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in the stock. Illinois Municipal Retirement Fund boosted its holdings in shares of PulteGroup by 11.8% in the first quarter. Illinois Municipal Retirement Fund now owns 87,647 shares of the construction company's stock valued at $9,010,000 after buying an additional 9,269 shares during the period. Diversified Trust Co bought a new stake in shares of PulteGroup in the first quarter worth $240,000. Sequoia Financial Advisors LLC lifted its position in shares of PulteGroup by 11.7% in the first quarter. Sequoia Financial Advisors LLC now owns 22,015 shares of the construction company's stock worth $2,263,000 after purchasing an additional 2,303 shares in the last quarter. Omnia Family Wealth LLC lifted its position in shares of PulteGroup by 8.4% in the first quarter. Omnia Family Wealth LLC now owns 2,333 shares of the construction company's stock worth $240,000 after purchasing an additional 180 shares in the last quarter. Finally, Golden State Wealth Management LLC lifted its position in shares of PulteGroup by 136.5% in the first quarter. Golden State Wealth Management LLC now owns 1,854 shares of the construction company's stock worth $191,000 after purchasing an additional 1,070 shares in the last quarter. Institutional investors and hedge funds own 89.90% of the company's stock.

Wall Street Analyst Weigh In

A number of analysts have recently commented on PHM shares. 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 report on Wednesday, April 23rd. Barclays cut their price objective on shares of PulteGroup from $100.00 to $98.00 and set an "equal weight" rating on the stock in a research report on Wednesday, April 23rd. Seaport Res Ptn raised shares of PulteGroup from a "strong sell" rating to a "hold" rating in a research report on Thursday, March 6th. Royal Bank Of Canada cut their price objective on shares of PulteGroup from $116.00 to $109.00 and set a "sector perform" rating on the stock in a research report on Wednesday, April 23rd. Finally, Wedbush reissued an "outperform" rating and issued a $135.00 price objective on shares of PulteGroup in a research report on Tuesday, April 22nd. Seven analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $134.69.

PulteGroup Stock Performance

NYSE PHM traded up $1.12 on Friday, hitting $105.56. 2,995,971 shares of the stock were exchanged, compared to its average volume of 2,023,014. 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 business's fifty day moving average is $101.61 and its 200 day moving average is $104.99. PulteGroup, Inc. has a 52 week low of $88.07 and a 52 week high of $149.47. The company has a market capitalization of $21.16 billion, a PE ratio of 7.44, a P/E/G ratio of 0.31 and a beta of 1.29.

PulteGroup (NYSE:PHM - Get Free Report) last posted its quarterly earnings results on Tuesday, April 22nd. The construction company reported $2.57 earnings per share (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 firm had revenue of $3.89 billion for the quarter, compared to analyst estimates of $3.86 billion. During the same period in the prior year, the firm posted $3.10 earnings per share. Research analysts anticipate that PulteGroup, Inc. will post 12.32 EPS for the current fiscal year.

PulteGroup Dividend Announcement

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

PulteGroup 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.