180 Wealth Advisors LLC Acquires 1,301 Shares of PulteGroup, Inc. (NYSE:PHM)

180 Wealth Advisors LLC boosted its stake in shares of PulteGroup, Inc. (NYSE:PHM) by 59.0% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 3,505 shares of the construction company’s stock after acquiring an additional 1,301 shares during the quarter. 180 Wealth Advisors LLC’s holdings in PulteGroup were worth $423,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Rakuten Securities Inc. bought a new stake in shares of PulteGroup during the fourth quarter valued at approximately $37,000. Lindbrook Capital LLC boosted its position in PulteGroup by 335.6% in the 4th quarter. Lindbrook Capital LLC now owns 379 shares of the construction company’s stock valued at $39,000 after buying an additional 292 shares during the last quarter. ORG Partners LLC increased its stake in shares of PulteGroup by 3,463.6% in the 4th quarter. ORG Partners LLC now owns 392 shares of the construction company’s stock valued at $40,000 after buying an additional 381 shares during the period. Security National Bank bought a new stake in shares of PulteGroup during the fourth quarter worth $40,000. Finally, AdvisorNet Financial Inc raised its position in shares of PulteGroup by 91.5% during the fourth quarter. AdvisorNet Financial Inc now owns 427 shares of the construction company’s stock worth $44,000 after acquiring an additional 204 shares during the last quarter. Institutional investors and hedge funds own 89.90% of the company’s stock.

Analysts Set New Price Targets

PHM has been the subject of several recent research reports. StockNews.com raised PulteGroup from a “hold” rating to a “buy” rating in a report on Wednesday, April 24th. Barclays boosted their price target on shares of PulteGroup from $126.00 to $136.00 and gave the stock an “overweight” rating in a research note on Thursday, April 4th. Oppenheimer raised their price objective on shares of PulteGroup from $138.00 to $143.00 and gave the company an “outperform” rating in a research note on Wednesday, April 24th. Citigroup lifted their target price on shares of PulteGroup from $127.00 to $129.00 and gave the stock a “neutral” rating in a report on Friday, May 17th. Finally, Royal Bank of Canada increased their price target on PulteGroup from $106.00 to $113.00 and gave the company a “sector perform” rating in a research note on Wednesday, April 24th. Five equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. Based on data from MarketBeat, PulteGroup currently has an average rating of “Moderate Buy” and an average target price of $113.07.

PulteGroup Stock Up 0.6 %

Shares of NYSE:PHM traded up $0.64 during trading on Friday, hitting $110.39. 322,956 shares of the company’s stock traded hands, compared to its average volume of 1,747,764. The company has a 50-day moving average price of $114.02 and a 200-day moving average price of $109.51. PulteGroup, Inc. has a 52 week low of $68.80 and a 52 week high of $122.72. The company has a current ratio of 0.85, a quick ratio of 0.85 and a debt-to-equity ratio of 0.18. The company has a market cap of $23.22 billion, a price-to-earnings ratio of 8.79, a price-to-earnings-growth ratio of 0.49 and a beta of 1.59.

PulteGroup (NYSE:PHM) last announced its quarterly earnings results on Tuesday, April 23rd. The construction company reported $2.87 earnings per share for the quarter, beating analysts’ consensus estimates of $2.36 by $0.51. PulteGroup had a net margin of 16.63% and a return on equity of 25.81%. The firm had revenue of $3.95 billion for the quarter, compared to analyst estimates of $3.59 billion. As a group, research analysts forecast that PulteGroup, Inc. will post 12.64 EPS for the current fiscal year.

PulteGroup Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, July 2nd. Investors of record on Tuesday, June 18th will be paid a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a yield of 0.72%. The ex-dividend date of this dividend is Tuesday, June 18th. PulteGroup’s payout ratio is presently 6.41%.

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.