PulteGroup, Inc. (NYSE:PHM) Shares Sold by Kathmere Capital Management LLC

Kathmere Capital Management LLC reduced its stake in shares of PulteGroup, Inc. (NYSE:PHM) by 12.9% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 2,737 shares of the construction company’s stock after selling 407 shares during the quarter. Kathmere Capital Management LLC’s holdings in PulteGroup were worth $283,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in PHM. Blair William & Co. IL grew its position in shares of PulteGroup by 1.9% in the first quarter. Blair William & Co. IL now owns 27,269 shares of the construction company’s stock valued at $3,289,000 after purchasing an additional 516 shares during the last quarter. Certuity LLC purchased a new position in PulteGroup during the fourth quarter worth approximately $245,000. Banque Cantonale Vaudoise raised its stake in shares of PulteGroup by 166.6% in the 1st quarter. Banque Cantonale Vaudoise now owns 13,146 shares of the construction company’s stock valued at $1,586,000 after acquiring an additional 8,215 shares during the period. State Board of Administration of Florida Retirement System raised its stake in shares of PulteGroup by 6.2% in the 1st quarter. State Board of Administration of Florida Retirement System now owns 297,544 shares of the construction company’s stock valued at $35,890,000 after acquiring an additional 17,369 shares during the period. Finally, Personal CFO Solutions LLC purchased a new position in shares of PulteGroup in the 4th quarter valued at $719,000. 89.90% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on the stock. BTIG Research raised their target price on shares of PulteGroup from $133.00 to $139.00 and gave the company a “buy” rating in a research note on Wednesday, July 24th. Royal Bank of Canada lifted their price target on shares of PulteGroup from $113.00 to $120.00 and gave the stock a “sector perform” rating in a research note on Wednesday, July 24th. Barclays lifted their price target on shares of PulteGroup from $131.00 to $150.00 and gave the stock an “overweight” rating in a research note on Wednesday, July 24th. Evercore ISI boosted their target price on shares of PulteGroup from $183.00 to $189.00 and gave the stock an “outperform” rating in a research report on Monday, July 15th. Finally, Bank of America boosted their target price on shares of PulteGroup from $135.00 to $138.00 and gave the stock a “buy” rating in a research report on Monday, July 22nd. Five analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. According to MarketBeat, PulteGroup currently has an average rating of “Moderate Buy” and an average target price of $133.14.

PulteGroup Stock Performance

PulteGroup stock traded down $1.61 during midday trading on Friday, reaching $127.67. 1,964,243 shares of the stock traded hands, compared to its average volume of 2,378,011. The company has a current ratio of 0.76, a quick ratio of 0.76 and a debt-to-equity ratio of 0.15. The firm has a fifty day moving average price of $115.85 and a two-hundred day moving average price of $112.47. The firm has a market cap of $26.85 billion, a price-to-earnings ratio of 10.22, a PEG ratio of 0.53 and a beta of 1.61. PulteGroup, Inc. has a fifty-two week low of $68.80 and a fifty-two week high of $135.62.

PulteGroup (NYSE:PHM) last posted its earnings results on Tuesday, July 23rd. The construction company reported $3.83 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.27 by $0.56. The firm had revenue of $4.60 billion during the quarter, compared to analyst estimates of $4.49 billion. PulteGroup had a net margin of 16.75% and a return on equity of 25.67%. PulteGroup’s revenue was up 9.8% on a year-over-year basis. During the same period in the previous year, the business posted $3.00 EPS. On average, equities research analysts forecast that PulteGroup, Inc. will post 12.85 earnings per share for the current year.

PulteGroup Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, July 2nd. Stockholders of record on Tuesday, June 18th were paid a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a dividend yield of 0.63%. The ex-dividend date was Tuesday, June 18th. PulteGroup’s dividend payout ratio is currently 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.