Moran Wealth Management LLC Sells 57,553 Shares of PulteGroup, Inc. (NYSE:PHM)

Moran Wealth Management LLC decreased its holdings in shares of PulteGroup, Inc. (NYSE:PHM - Free Report) by 23.2% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 190,627 shares of the construction company's stock after selling 57,553 shares during the quarter. Moran Wealth Management LLC owned 0.09% of PulteGroup worth $19,596,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Atria Wealth Solutions Inc. raised its position in PulteGroup by 31.4% in the fourth quarter. Atria Wealth Solutions Inc. now owns 13,000 shares of the construction company's stock valued at $1,417,000 after purchasing an additional 3,105 shares during the last quarter. Global Retirement Partners LLC raised its stake in shares of PulteGroup by 18.7% during the fourth quarter. Global Retirement Partners LLC now owns 3,242 shares of the construction company's stock valued at $353,000 after acquiring an additional 510 shares during the last quarter. Concurrent Investment Advisors LLC lifted its holdings in shares of PulteGroup by 21.0% during the fourth quarter. Concurrent Investment Advisors LLC now owns 4,381 shares of the construction company's stock worth $477,000 after purchasing an additional 760 shares during the period. Y Intercept Hong Kong Ltd acquired a new position in shares of PulteGroup during the fourth quarter worth $3,186,000. Finally, Colonial River Investments LLC grew its stake in shares of PulteGroup by 5.5% in the fourth quarter. Colonial River Investments LLC now owns 3,186 shares of the construction company's stock worth $347,000 after purchasing an additional 167 shares during the last quarter. Institutional investors own 89.90% of the company's stock.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on PHM. Wedbush reaffirmed an "outperform" rating and set a $135.00 target price on shares of PulteGroup in a research report on Tuesday, April 22nd. UBS Group lowered their price objective on PulteGroup from $151.00 to $141.00 and set a "buy" rating for the company in a research report on Wednesday, April 23rd. Seaport Res Ptn raised PulteGroup from a "strong sell" rating to a "hold" rating in a research note on Thursday, March 6th. Wells Fargo & Company decreased their target price on shares of PulteGroup from $140.00 to $120.00 and set an "overweight" rating for the company in a research report on Monday, April 14th. Finally, Barclays lowered their price target on shares of PulteGroup from $100.00 to $98.00 and set an "equal weight" rating for the company in a report on Wednesday, April 23rd. Seven equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $134.69.

PulteGroup Stock Up 0.7%

PHM traded up $0.73 during midday trading on Tuesday, reaching $105.58. 2,578,343 shares of the company were exchanged, compared to its average volume of 2,155,321. The company has a market cap of $21.16 billion, a price-to-earnings ratio of 7.45, a price-to-earnings-growth ratio of 0.29 and a beta of 1.29. PulteGroup, Inc. has a one year low of $88.07 and a one year high of $149.47. The company's fifty day moving average price is $100.78 and its 200 day moving average price is $105.42. The company has a debt-to-equity ratio of 0.13, a quick ratio of 0.80 and a current ratio of 0.80.

PulteGroup (NYSE:PHM - Get Free Report) last issued its quarterly earnings data on Tuesday, April 22nd. The construction company reported $2.57 earnings per share 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 business had revenue of $3.89 billion for the quarter, compared to analysts' expectations of $3.86 billion. During the same period last year, the business earned $3.10 EPS. As a group, analysts expect that PulteGroup, Inc. will post 12.32 EPS for the current year.

PulteGroup Dividend Announcement

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