PulteGroup, Inc. (NYSE:PHM) Shares Sold by Wealth Enhancement Advisory Services LLC

Wealth Enhancement Advisory Services LLC cut its position in shares of PulteGroup, Inc. (NYSE:PHM - Free Report) by 24.8% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 50,511 shares of the construction company's stock after selling 16,680 shares during the period. Wealth Enhancement Advisory Services LLC's holdings in PulteGroup were worth $5,501,000 at the end of the most recent quarter.

Several other hedge funds also recently added to or reduced their stakes in the company. Richardson Financial Services Inc. boosted its stake in shares of PulteGroup by 16.7% during the fourth quarter. Richardson Financial Services Inc. now owns 622 shares of the construction company's stock valued at $68,000 after purchasing an additional 89 shares during the period. Meridian Wealth Management LLC lifted its holdings in PulteGroup by 0.7% during the 4th quarter. Meridian Wealth Management LLC now owns 13,224 shares of the construction company's stock valued at $1,440,000 after buying an additional 95 shares in the last quarter. Fidelis Capital Partners LLC boosted its position in PulteGroup by 2.4% in the 4th quarter. Fidelis Capital Partners LLC now owns 4,384 shares of the construction company's stock valued at $479,000 after buying an additional 103 shares during the period. TD Waterhouse Canada Inc. boosted its position 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 during the period. Finally, 1858 Wealth Management LLC grew its stake in PulteGroup by 5.0% in the 4th quarter. 1858 Wealth Management LLC now owns 2,349 shares of the construction company's stock worth $256,000 after acquiring an additional 112 shares in the last quarter. 89.90% of the stock is currently owned by institutional investors.

PulteGroup Stock Up 3.3%

Shares of PulteGroup stock traded up $3.28 on Wednesday, reaching $101.95. The stock had a trading volume of 2,063,688 shares, compared to its average volume of 2,013,471. The company has a quick ratio of 0.86, a current ratio of 0.86 and a debt-to-equity ratio of 0.13. The stock has a market capitalization of $20.43 billion, a P/E ratio of 6.93, a P/E/G ratio of 0.29 and a beta of 1.37. The company has a 50 day moving average price of $99.63 and a 200 day moving average price of $108.53. PulteGroup, Inc. has a 1 year low of $88.07 and a 1 year high of $149.47.

PulteGroup (NYSE:PHM - Get Free Report) last released 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. The business had revenue of $3.89 billion for the quarter, compared to analyst estimates of $3.86 billion. PulteGroup had a net margin of 17.18% and a return on equity of 24.43%. During the same period in the previous year, the company earned $3.10 earnings per share. As a group, equities research analysts forecast 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. Investors of record on Tuesday, June 17th will be paid a dividend of $0.22 per share. The ex-dividend date of this dividend is Tuesday, June 17th. This represents a $0.88 annualized dividend and a yield of 0.86%. PulteGroup's dividend payout ratio (DPR) is 6.21%.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on PHM. Wells Fargo & Company decreased their price target on shares of PulteGroup from $140.00 to $120.00 and set an "overweight" rating for the company in a research note on Monday, April 14th. Royal Bank of Canada decreased their target price on PulteGroup from $116.00 to $109.00 and set a "sector perform" rating for the company in a research report on Wednesday, April 23rd. Wedbush reiterated an "outperform" rating and issued a $135.00 target price on shares of PulteGroup in a report on Tuesday, April 22nd. Seaport Res Ptn upgraded PulteGroup from a "strong sell" rating to a "hold" rating in a research note on Thursday, March 6th. Finally, Barclays lowered their price objective on shares of PulteGroup from $100.00 to $98.00 and set an "equal weight" rating for the company in a research note 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 has an average rating of "Moderate Buy" and a consensus price target of $134.69.

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.