Sound Income Strategies LLC Has $214,000 Holdings in PulteGroup, Inc. (NYSE:PHM)

Sound Income Strategies LLC boosted its position in PulteGroup, Inc. (NYSE:PHM) by 24.4% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,961 shares of the construction company’s stock after buying an additional 384 shares during the quarter. Sound Income Strategies LLC’s holdings in PulteGroup were worth $214,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Fortitude Family Office LLC boosted its holdings in PulteGroup by 115.1% in the 3rd quarter. Fortitude Family Office LLC now owns 185 shares of the construction company’s stock valued at $27,000 after purchasing an additional 99 shares during the period. Transcendent Capital Group LLC bought a new stake in PulteGroup in the 3rd quarter valued at $29,000. JNBA Financial Advisors bought a new stake in PulteGroup in the 3rd quarter valued at $43,000. Thurston Springer Miller Herd & Titak Inc. boosted its holdings in PulteGroup by 1,059.3% in the 3rd quarter. Thurston Springer Miller Herd & Titak Inc. now owns 313 shares of the construction company’s stock valued at $45,000 after purchasing an additional 286 shares during the period. Finally, Grove Bank & Trust boosted its holdings in PulteGroup by 18.4% in the 3rd quarter. Grove Bank & Trust now owns 463 shares of the construction company’s stock valued at $66,000 after purchasing an additional 72 shares during the period. 89.90% of the stock is currently owned by institutional investors and hedge funds.

PulteGroup Trading Down 0.7 %

Shares of PulteGroup stock opened at $115.66 on Friday. The stock has a market capitalization of $23.72 billion, a P/E ratio of 8.53, a price-to-earnings-growth ratio of 0.46 and a beta of 1.67. The company has a quick ratio of 0.73, a current ratio of 0.73 and a debt-to-equity ratio of 0.14. The company has a 50-day simple moving average of $119.28 and a 200 day simple moving average of $127.19. PulteGroup, Inc. has a 12-month low of $100.24 and a 12-month high of $149.47.

PulteGroup (NYSE:PHM) last posted its quarterly earnings data on Tuesday, October 22nd. The construction company reported $3.35 earnings per share for the quarter, beating the consensus estimate of $3.10 by $0.25. The firm had revenue of $4.48 billion during the quarter, compared to analysts’ expectations of $4.27 billion. PulteGroup had a net margin of 16.64% and a return on equity of 25.30%. The company’s quarterly revenue was up 11.8% compared to the same quarter last year. During the same quarter last year, the company posted $2.90 EPS. Research analysts expect that PulteGroup, Inc. will post 12.96 earnings per share for the current fiscal year.

PulteGroup Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, January 3rd. Shareholders of record on Tuesday, December 17th were given a $0.22 dividend. This represents a $0.88 annualized dividend and a yield of 0.76%. The ex-dividend date of this dividend was Tuesday, December 17th. This is a boost from PulteGroup’s previous quarterly dividend of $0.20. PulteGroup’s dividend payout ratio (DPR) is presently 6.49%.

Wall Street Analysts Forecast Growth

PHM has been the subject of a number of research reports. Barclays reduced their price target on shares of PulteGroup from $140.00 to $125.00 and set an “equal weight” rating for the company in a report on Thursday, January 16th. Citigroup reduced their price objective on shares of PulteGroup from $146.00 to $119.00 and set a “neutral” rating for the company in a report on Monday, January 6th. Wedbush raised shares of PulteGroup from a “neutral” rating to an “outperform” rating and set a $135.00 price objective for the company in a report on Friday, January 3rd. JPMorgan Chase & Co. reduced their price objective on shares of PulteGroup from $162.00 to $155.00 and set an “overweight” rating for the company in a report on Friday, December 13th. Finally, Evercore ISI reduced their price objective on shares of PulteGroup from $198.00 to $195.00 and set an “outperform” rating for the company in a report on Wednesday, October 23rd. Six investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $144.14.

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.