Geneos Wealth Management Inc. Sells 738 Shares of PulteGroup, Inc. (NYSE:PHM)

Geneos Wealth Management Inc. lowered its position in shares of PulteGroup, Inc. (NYSE:PHM) by 3.4% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 20,944 shares of the construction company’s stock after selling 738 shares during the quarter. Geneos Wealth Management Inc.’s holdings in PulteGroup were worth $2,281,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. Logan Capital Management Inc. raised its holdings in PulteGroup by 67.7% during the 3rd quarter. Logan Capital Management Inc. now owns 14,797 shares of the construction company’s stock worth $2,124,000 after purchasing an additional 5,976 shares during the last quarter. Sanctuary Advisors LLC raised its stake in shares of PulteGroup by 38.1% during the third quarter. Sanctuary Advisors LLC now owns 121,299 shares of the construction company’s stock worth $17,410,000 after buying an additional 33,472 shares during the last quarter. Trustmark National Bank Trust Department lifted its holdings in PulteGroup by 39.8% in the third quarter. Trustmark National Bank Trust Department now owns 39,589 shares of the construction company’s stock valued at $5,682,000 after buying an additional 11,269 shares during the period. Systematic Financial Management LP boosted its stake in PulteGroup by 3.9% in the third quarter. Systematic Financial Management LP now owns 130,257 shares of the construction company’s stock valued at $18,696,000 after acquiring an additional 4,840 shares during the last quarter. Finally, New Millennium Group LLC boosted its stake in PulteGroup by 10,625.8% in the third quarter. New Millennium Group LLC now owns 9,546 shares of the construction company’s stock valued at $1,370,000 after acquiring an additional 9,457 shares during the last quarter. Institutional investors and hedge funds own 89.90% of the company’s stock.

PulteGroup Stock Down 0.7 %

PHM stock opened at $115.66 on Monday. The company has a debt-to-equity ratio of 0.14, a current ratio of 0.73 and a quick ratio of 0.73. The stock has a market capitalization of $23.72 billion, a P/E ratio of 8.53, a P/E/G ratio of 0.46 and a beta of 1.67. PulteGroup, Inc. has a fifty-two week low of $100.24 and a fifty-two week high of $149.47. The business has a 50-day moving average of $119.02 and a 200-day moving average of $127.42.

PulteGroup Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, January 3rd. Shareholders of record on Tuesday, December 17th were given a dividend of $0.22 per share. The ex-dividend date was Tuesday, December 17th. This represents a $0.88 dividend on an annualized basis and a yield of 0.76%. This is an increase from PulteGroup’s previous quarterly dividend of $0.20. PulteGroup’s dividend payout ratio is 6.49%.

Wall Street Analysts Forecast Growth

A number of research analysts have recently weighed in on PHM shares. Barclays cut their price target on PulteGroup from $140.00 to $125.00 and set an “equal weight” rating on the stock in a research note on Thursday, January 16th. Wells Fargo & Company reduced their target price on PulteGroup from $165.00 to $140.00 and set an “overweight” rating on the stock in a report on Tuesday, December 17th. Citigroup decreased their target price on PulteGroup from $146.00 to $119.00 and set a “neutral” rating for the company in a research report on Monday, January 6th. UBS Group raised shares of PulteGroup from a “neutral” rating to a “buy” rating and reduced their price objective for the stock from $154.00 to $148.00 in a research note on Wednesday, January 8th. Finally, Wedbush raised shares of PulteGroup from a “neutral” rating to an “outperform” rating and set a $135.00 target price for the company in a research note on Friday, January 3rd. Six equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. According to MarketBeat, PulteGroup presently has a consensus rating of “Moderate Buy” and an average price target of $144.14.

PulteGroup 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.