PulteGroup, Inc. $PHM Stock Holdings Increased by Greatmark Investment Partners Inc.

Key Points

• Greatmark Investment Partners increased its PulteGroup stake by 16.4% in the third quarter, owning 58,080 shares valued at approximately $6.7 million. Institutional investors collectively hold 89.9% of PHM’s outstanding shares.
• PulteGroup reported quarterly EPS of $2.53, below the $2.63 analyst consensus, while revenue fell 9.8% year over year to $3.97 billion. The company also declared a quarterly dividend of $0.26, representing a 0.8% annualized yield.
• Analyst sentiment remains moderately positive, with an average “Moderate Buy” rating and a consensus price target of $137.24, although ratings range from “Strong Buy” to “Strong Sell.”

Greatmark Investment Partners Inc. increased its holdings in PulteGroup, Inc. (NYSE:PHM - Free Report) by 16.4% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 58,080 shares of the construction company's stock after acquiring an additional 8,180 shares during the quarter. Greatmark Investment Partners Inc.'s holdings in PulteGroup were worth $6,741,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors also recently bought and sold shares of PHM. Avestar Capital LLC lifted its stake in shares of PulteGroup by 44.1% in the third quarter. Avestar Capital LLC now owns 2,145 shares of the construction company's stock worth $250,000 after buying an additional 656 shares in the last quarter. Soltis Investment Advisors LLC grew its holdings in shares of PulteGroup by 14.1% during the third quarter. Soltis Investment Advisors LLC now owns 2,320 shares of the construction company's stock valued at $269,000 after buying an additional 287 shares during the last quarter. BOKF NA grew its holdings in shares of PulteGroup by 47.4% during the third quarter. BOKF NA now owns 2,281 shares of the construction company's stock valued at $265,000 after buying an additional 733 shares during the last quarter. Asset Management One Co. Ltd. grew its holdings in shares of PulteGroup by 1.4% during the third quarter. Asset Management One Co. Ltd. now owns 82,617 shares of the construction company's stock valued at $9,589,000 after buying an additional 1,173 shares during the last quarter. Finally, Lynch Investment Planning LLC bought a new stake in shares of PulteGroup during the third quarter valued at approximately $26,000. 89.90% of the stock is owned by hedge funds and other institutional investors.

PulteGroup Price Performance

NYSE PHM opened at $124.80 on Friday. The company has a market capitalization of $22.97 billion, a PE ratio of 13.33, a price-to-earnings-growth ratio of 2.06 and a beta of 1.16. The company has a debt-to-equity ratio of 0.14, a quick ratio of 0.71 and a current ratio of 0.71. The business's fifty day moving average is $119.29 and its 200 day moving average is $124.18. PulteGroup, Inc. has a fifty-two week low of $107.15 and a fifty-two week high of $144.49.

PulteGroup (NYSE:PHM - Get Free Report) last issued its quarterly earnings results on Thursday, October 22nd. The construction company reported $2.53 EPS for the quarter, missing analysts' consensus estimates of $2.63 by ($0.10). PulteGroup had a return on equity of 14.29% and a net margin of 11.24%. The company had revenue of $3.97 billion during the quarter, compared to analysts' expectations of $4.15 billion. During the same quarter in the previous year, the company earned $2.96 EPS. The business's quarterly revenue was down 9.8% compared to the same quarter last year. Sell-side analysts predict that PulteGroup, Inc. will post 9.51 earnings per share for the current year.

PulteGroup Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, October 2nd. Investors of record on Tuesday, September 15th were issued a $0.26 dividend. This represents a $1.04 annualized dividend and a yield of 0.8%. The ex-dividend date of this dividend was Tuesday, September 15th. PulteGroup's dividend payout ratio is currently 11.11%.

Analysts Set New Price Targets

Several research firms have issued reports on PHM. UBS Group lowered their target price on shares of PulteGroup from $166.00 to $162.00 and set a "buy" rating on the stock in a research note on Friday, October 23rd. Piper Sandler downgraded shares of PulteGroup to a "hold" rating and set a $145.00 price target on the stock. in a report on Thursday, October 8th. Melius Research began coverage on shares of PulteGroup in a research note on Tuesday, October 6th. They issued a "hold" rating and a $132.00 price target for the company. Zacks Research cut shares of PulteGroup from a "hold" rating to a "strong sell" rating in a report on Monday, October 26th. Finally, Morgan Stanley initiated coverage on shares of PulteGroup in a report on Thursday, October 1st. They set an "equal weight" rating and a $128.00 price objective for the company. One investment analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating, eight have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, PulteGroup presently has an average rating of "Moderate Buy" and an average price target of $137.24.

PulteGroup Company Profile

PulteGroup, Inc is a major U.S. homebuilding company that designs, builds and sells homes for a range of buyers, including first-time, move-up and active-adult customers. Its operations include land acquisition and development, home construction, sales and marketing, and customer service.

The company markets homes under several well-known brands, including Pulte, Centex, Del Webb, DiVosta and American West. Through these brands, PulteGroup offers a variety of single-family home designs and communities, with products tailored to different price points, lifestyles and stages of homeownership.

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