U.S. Capital Wealth Advisors LLC Purchases New Holdings in PulteGroup, Inc. $PHM

Key Points

• U.S. Capital Wealth Advisors LLC has acquired a new stake in PulteGroup, Inc., purchasing 2,278 shares valued at approximately $240,000.
• Multiple analysts have upgraded their ratings for PulteGroup, with Wells Fargo raising its price target from $135.00 to $150.00 and giving it an "overweight" rating.
• PulteGroup announced a quarterly dividend of $0.22 per share, which will be paid on October 2nd, reflecting an annualized yield of 0.7%.

U.S. Capital Wealth Advisors LLC purchased a new stake in shares of PulteGroup, Inc. (NYSE:PHM - Free Report) in the second quarter, according to its most recent Form 13F filing with the SEC. The firm purchased 2,278 shares of the construction company's stock, valued at approximately $240,000.

A number of other large investors also recently bought and sold shares of PHM. WPG Advisers LLC purchased a new position in PulteGroup during the 1st quarter valued at about $25,000. American National Bank & Trust bought a new stake in PulteGroup during the 1st quarter valued at about $39,000. Catalyst Capital Advisors LLC bought a new stake in PulteGroup during the 1st quarter valued at about $54,000. Quarry LP increased its stake in PulteGroup by 43.8% during the 1st quarter. Quarry LP now owns 571 shares of the construction company's stock valued at $59,000 after purchasing an additional 174 shares in the last quarter. Finally, Sentry Investment Management LLC bought a new stake in PulteGroup during the 1st quarter valued at about $61,000. 89.90% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

PHM has been the subject of a number of analyst reports. Seaport Res Ptn upgraded shares of PulteGroup from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, July 22nd. JPMorgan Chase & Co. raised their price objective on shares of PulteGroup from $121.00 to $123.00 and gave the company an "overweight" rating in a research note on Wednesday, July 23rd. Wells Fargo & Company raised their price objective on shares of PulteGroup from $135.00 to $150.00 and gave the company an "overweight" rating in a research note on Tuesday, September 2nd. Zacks Research upgraded shares of PulteGroup from a "strong sell" rating to a "hold" rating in a research note on Friday, August 29th. Finally, UBS Group raised their price objective on shares of PulteGroup from $141.00 to $150.00 and gave the company a "buy" rating in a research note on Wednesday, July 23rd. One research analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and five have issued a Hold rating to the company's stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $136.46.

PulteGroup Stock Performance

Shares of PHM stock opened at $131.21 on Friday. The company has a 50 day moving average price of $127.56 and a 200-day moving average price of $111.09. PulteGroup, Inc. has a 52 week low of $88.07 and a 52 week high of $149.47. The firm has a market capitalization of $25.89 billion, a PE ratio of 9.81, a P/E/G ratio of 0.38 and a beta of 1.27. The company has a quick ratio of 0.77, a current ratio of 0.77 and a debt-to-equity ratio of 0.13.

PulteGroup (NYSE:PHM - Get Free Report) last announced its quarterly earnings results on Tuesday, July 22nd. The construction company reported $3.03 EPS for the quarter, topping analysts' consensus estimates of $2.92 by $0.11. PulteGroup had a net margin of 15.50% and a return on equity of 21.01%. The firm had revenue of $4.40 billion during the quarter, compared to analyst estimates of $4.42 billion. The business's revenue for the quarter was down 4.3% on a year-over-year basis. During the same period in the previous year, the business posted $3.83 earnings per share. As a group, equities research analysts expect that PulteGroup, Inc. will post 12.32 earnings per share for the current year.

PulteGroup Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, October 2nd. Shareholders of record on Tuesday, September 16th will be given a $0.22 dividend. This represents a $0.88 dividend on an annualized basis and a dividend yield of 0.7%. The ex-dividend date is Tuesday, September 16th. PulteGroup's dividend payout ratio is presently 6.58%.

About PulteGroup

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.

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