SG Americas Securities LLC Reduces Stock Holdings in PulteGroup, Inc. (NYSE:PHM)

SG Americas Securities LLC trimmed its position in PulteGroup, Inc. (NYSE:PHM) by 92.7% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The fund owned 9,528 shares of the construction company’s stock after selling 121,711 shares during the period. SG Americas Securities LLC’s holdings in PulteGroup were worth $979,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of PHM. Ameriflex Group Inc. purchased a new position in PulteGroup in the fourth quarter worth about $37,000. TD Waterhouse Canada Inc. lifted its position in shares of PulteGroup by 43.0% during the 4th quarter. TD Waterhouse Canada Inc. now owns 349 shares of the construction company’s stock valued at $38,000 after buying an additional 105 shares in the last quarter. American National Bank & Trust purchased a new position in shares of PulteGroup during the 1st quarter valued at about $39,000. Quarry LP purchased a new position in shares of PulteGroup during the 4th quarter valued at about $43,000. Finally, Sentry Investment Management LLC purchased a new position in shares of PulteGroup during the 1st quarter valued at about $61,000. 89.90% of the stock is owned by hedge funds and other institutional investors.

PulteGroup Stock Up 0.4%

NYSE PHM opened at $99.10 on Thursday. The stock’s 50 day moving average is $100.33 and its 200 day moving average is $106.36. The company has a current ratio of 0.80, a quick ratio of 0.80 and a debt-to-equity ratio of 0.13. PulteGroup, Inc. has a 12 month low of $88.07 and a 12 month high of $149.47. The stock has a market cap of $19.86 billion, a PE ratio of 6.99, a P/E/G ratio of 0.29 and a beta of 1.29.

PulteGroup (NYSE:PHM) last released its quarterly earnings data on Tuesday, April 22nd. The construction company reported $2.57 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.47 by $0.10. PulteGroup had a return on equity of 22.86% and a net margin of 16.45%. The business had revenue of $3.89 billion for the quarter, compared to the consensus estimate of $3.86 billion. During the same quarter in the previous year, the company posted $3.10 EPS. Research analysts predict that PulteGroup, Inc. will post 12.32 EPS for the current fiscal year.

PulteGroup Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 2nd. Shareholders of record on Tuesday, June 17th will be paid a $0.22 dividend. This represents a $0.88 dividend on an annualized basis and a yield of 0.89%. The ex-dividend date is Tuesday, June 17th. PulteGroup’s payout ratio is 6.21%.

Wall Street Analyst Weigh In

PHM has been the topic of a number of analyst reports. UBS Group lowered their price objective on PulteGroup from $151.00 to $141.00 and set a “buy” rating on the stock in a research report on Wednesday, April 23rd. Wells Fargo & Company lowered their price objective on PulteGroup from $140.00 to $120.00 and set an “overweight” rating on the stock in a research report on Monday, April 14th. Wedbush reaffirmed an “outperform” rating and set a $135.00 price objective on shares of PulteGroup in a research report on Tuesday, April 22nd. Royal Bank Of Canada lowered their price objective on PulteGroup from $116.00 to $109.00 and set a “sector perform” rating on the stock in a research report on Wednesday, April 23rd. Finally, Seaport Res Ptn raised PulteGroup from a “strong sell” rating to a “hold” rating in a research report on Thursday, March 6th. Seven investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, PulteGroup currently has an average rating of “Moderate Buy” and an average target price of $134.69.

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.