Stratos Wealth Partners LTD. Sells 3,982 Shares of PulteGroup, Inc. (NYSE:PHM)

Stratos Wealth Partners LTD. cut its position in shares of PulteGroup, Inc. (NYSE:PHM - Free Report) by 38.9% during the 1st quarter, according to the company in its most recent filing with the SEC. The firm owned 6,252 shares of the construction company's stock after selling 3,982 shares during the quarter. Stratos Wealth Partners LTD.'s holdings in PulteGroup were worth $643,000 as of its most recent filing with the SEC.

Several other hedge funds also recently modified their holdings of the company. Ameriflex Group Inc. acquired a new position in shares of PulteGroup in the 4th quarter worth $37,000. TD Waterhouse Canada Inc. boosted its position in shares of PulteGroup by 43.0% in the fourth quarter. TD Waterhouse Canada Inc. now owns 349 shares of the construction company's stock worth $38,000 after buying an additional 105 shares during the period. American National Bank & Trust acquired a new stake in shares of PulteGroup in the first quarter worth $39,000. Quarry LP acquired a new stake in shares of PulteGroup in the fourth quarter worth $43,000. Finally, Catalyst Capital Advisors LLC acquired a new stake in shares of PulteGroup in the first quarter worth $54,000. 89.90% of the stock is currently owned by institutional investors and hedge funds.

PulteGroup Stock Up 0.1%

Shares of NYSE:PHM traded up $0.13 on Thursday, reaching $109.42. The company had a trading volume of 2,120,035 shares, compared to its average volume of 2,042,361. PulteGroup, Inc. has a twelve month low of $88.07 and a twelve month high of $149.47. The stock has a 50-day moving average price of $104.07 and a 200 day moving average price of $104.83. The stock has a market capitalization of $21.93 billion, a P/E ratio of 7.72, a P/E/G ratio of 0.32 and a beta of 1.29. The company has a quick ratio of 0.80, a current ratio of 0.80 and a debt-to-equity ratio of 0.13.

PulteGroup (NYSE:PHM - Get Free Report) last posted its quarterly earnings data 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 business had revenue of $3.89 billion for the quarter, compared to analyst estimates of $3.86 billion. PulteGroup had a return on equity of 22.86% and a net margin of 16.45%. During the same period in the previous year, the company posted $3.10 earnings per share. On average, equities analysts expect that PulteGroup, Inc. will post 12.32 EPS for the current year.

PulteGroup Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, July 2nd. Stockholders of record on Tuesday, June 17th were paid a $0.22 dividend. The ex-dividend date was Tuesday, June 17th. This represents a $0.88 dividend on an annualized basis and a dividend yield of 0.80%. PulteGroup's payout ratio is presently 6.21%.

Analysts Set New Price Targets

PHM has been the subject of several recent analyst reports. Wedbush reaffirmed an "outperform" rating and issued a $135.00 target price on shares of PulteGroup in a research report on Tuesday, April 22nd. 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. UBS Group decreased their target price on PulteGroup from $151.00 to $141.00 and set a "buy" rating for the company in a research report on Wednesday, April 23rd. Evercore ISI lifted their price objective on PulteGroup from $161.00 to $165.00 and gave the company an "outperform" rating in a research report on Wednesday, April 23rd. Finally, Oppenheimer reissued an "outperform" rating and set a $132.00 price objective (up previously from $125.00) on shares of PulteGroup in a research report on Tuesday. Seven investment analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. According to MarketBeat.com, PulteGroup has a consensus rating of "Moderate Buy" and an average price target of $133.69.

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.