Trivant Custom Portfolio Group LLC Decreases Stock Position in PulteGroup, Inc. (NYSE:PHM)

Trivant Custom Portfolio Group LLC cut its stake in shares of PulteGroup, Inc. (NYSE:PHM - Free Report) by 31.6% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 9,764 shares of the construction company's stock after selling 4,510 shares during the quarter. Trivant Custom Portfolio Group LLC's holdings in PulteGroup were worth $1,004,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. Merit Financial Group LLC grew its stake in shares of PulteGroup by 20.5% during the 1st quarter. Merit Financial Group LLC now owns 15,388 shares of the construction company's stock valued at $1,582,000 after acquiring an additional 2,613 shares during the period. Hudson Capital Management LLC grew its stake in shares of PulteGroup by 8.6% during the 1st quarter. Hudson Capital Management LLC now owns 41,305 shares of the construction company's stock valued at $4,246,000 after acquiring an additional 3,266 shares during the period. Vest Financial LLC grew its stake in shares of PulteGroup by 1,311.3% during the 1st quarter. Vest Financial LLC now owns 312,723 shares of the construction company's stock valued at $32,148,000 after acquiring an additional 290,564 shares during the period. NBC Securities Inc. grew its stake in shares of PulteGroup by 103,800.0% during the 1st quarter. NBC Securities Inc. now owns 5,195 shares of the construction company's stock valued at $534,000 after acquiring an additional 5,190 shares during the period. Finally, Argyle Capital Management LLC grew its stake in shares of PulteGroup by 1.5% during the 4th quarter. Argyle Capital Management LLC now owns 42,241 shares of the construction company's stock valued at $4,600,000 after acquiring an additional 641 shares during the period. 89.90% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on PHM shares. Wedbush reiterated an "outperform" rating and set a $135.00 price objective on shares of PulteGroup in a research note on Tuesday, April 22nd. Barclays lowered their price target on PulteGroup from $100.00 to $98.00 and set an "equal weight" rating on the stock in a report on Wednesday, April 23rd. Seaport Res Ptn raised PulteGroup from a "strong sell" rating to a "hold" rating in a report on Thursday, March 6th. Wells Fargo & Company lowered their price target on PulteGroup from $140.00 to $120.00 and set an "overweight" rating on the stock in a report on Monday, April 14th. Finally, Evercore ISI boosted their price target on PulteGroup from $161.00 to $165.00 and gave the stock an "outperform" rating in a report on Wednesday, April 23rd. Seven investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the company's stock. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $134.69.

PulteGroup Price Performance

Shares of PHM traded up $2.42 during mid-day trading on Friday, hitting $101.56. 3,041,892 shares of the stock were exchanged, compared to its average volume of 2,022,363. The company has a market cap of $20.36 billion, a PE ratio of 7.16, a price-to-earnings-growth ratio of 0.29 and a beta of 1.29. PulteGroup, Inc. has a 52-week low of $88.07 and a 52-week high of $149.47. The firm has a 50-day moving average of $100.44 and a two-hundred day moving average of $106.11. 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 (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 analysts' expectations 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 prior year, the firm earned $3.10 EPS. On average, equities analysts predict that PulteGroup, Inc. will post 12.32 earnings per share for the current year.

PulteGroup Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 2nd. Stockholders of record on Tuesday, June 17th will be issued 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 dividend yield of 0.87%. PulteGroup's dividend payout ratio (DPR) is 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.