Cwm LLC Cuts Stake in PulteGroup, Inc. $PHM

Cwm LLC trimmed its stake in shares of PulteGroup, Inc. (NYSE:PHM) by 1.5% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 14,216 shares of the construction company’s stock after selling 217 shares during the quarter. Cwm LLC’s holdings in PulteGroup were worth $1,499,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of PHM. Reyes Financial Architecture Inc. grew its position in shares of PulteGroup by 42.1% in the 1st quarter. Reyes Financial Architecture Inc. now owns 770 shares of the construction company’s stock valued at $79,000 after buying an additional 228 shares during the last quarter. Xponance Inc. boosted its holdings in shares of PulteGroup by 38.6% in the first quarter. Xponance Inc. now owns 38,993 shares of the construction company’s stock valued at $4,008,000 after acquiring an additional 10,867 shares during the period. Florida Financial Advisors LLC grew its position in shares of PulteGroup by 30.5% during the first quarter. Florida Financial Advisors LLC now owns 4,832 shares of the construction company’s stock worth $496,000 after acquiring an additional 1,129 shares during the last quarter. Edgestream Partners L.P. increased its holdings in shares of PulteGroup by 2,687.0% in the 1st quarter. Edgestream Partners L.P. now owns 77,310 shares of the construction company’s stock valued at $7,947,000 after acquiring an additional 74,536 shares during the period. Finally, Golden State Wealth Management LLC boosted its stake in PulteGroup by 15.9% during the 1st quarter. Golden State Wealth Management LLC now owns 909 shares of the construction company’s stock worth $93,000 after purchasing an additional 125 shares during the period. 89.90% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on the company. Oppenheimer raised their price target on PulteGroup from $132.00 to $140.00 and gave the stock an “outperform” rating in a report on Wednesday, July 23rd. Raymond James Financial reiterated an “outperform” rating and issued a $140.00 target price (up from $115.00) on shares of PulteGroup in a research note on Wednesday, July 23rd. Bank of America cut their price target on PulteGroup from $145.00 to $140.00 and set a “buy” rating for the company in a research note on Friday, October 10th. Zacks Research upgraded shares of PulteGroup from a “strong sell” rating to a “hold” rating in a research report on Friday, August 29th. Finally, Wells Fargo & Company boosted 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. One analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and seven have given a Hold rating to the stock. According to MarketBeat, PulteGroup has a consensus rating of “Moderate Buy” and an average price target of $136.92.

PulteGroup Stock Down 0.9%

PHM stock opened at $123.39 on Tuesday. The company has a debt-to-equity ratio of 0.13, a current ratio of 0.77 and a quick ratio of 0.77. The company’s 50 day simple moving average is $130.88 and its 200-day simple moving average is $113.95. PulteGroup, Inc. has a 12 month low of $88.07 and a 12 month high of $149.47. The firm has a market capitalization of $24.34 billion, a PE ratio of 9.22, a P/E/G ratio of 0.37 and a beta of 1.29.

PulteGroup (NYSE:PHM) last announced its earnings results on Tuesday, July 22nd. The construction company reported $3.03 EPS for the quarter, beating analysts’ consensus estimates of $2.92 by $0.11. The firm had revenue of $4.40 billion for the quarter, compared to analysts’ expectations of $4.42 billion. PulteGroup had a return on equity of 21.01% and a net margin of 15.50%.PulteGroup’s quarterly revenue was down 4.3% on a year-over-year basis. During the same quarter in the prior year, the firm earned $3.83 EPS. Equities analysts expect that PulteGroup, Inc. will post 12.32 earnings per share for the current fiscal year.

PulteGroup Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, October 2nd. Investors of record on Tuesday, September 16th were given a dividend of $0.22 per share. This represents a $0.88 dividend on an annualized basis and a yield of 0.7%. The ex-dividend date was Tuesday, September 16th. PulteGroup’s dividend payout ratio (DPR) is currently 6.58%.

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.