PulteGroup, Inc. (NYSE:PHM) Shares Purchased by Sanctuary Advisors LLC

Sanctuary Advisors LLC boosted its holdings in shares of PulteGroup, Inc. (NYSE:PHM) by 38.1% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 121,299 shares of the construction company’s stock after acquiring an additional 33,472 shares during the quarter. Sanctuary Advisors LLC owned about 0.06% of PulteGroup worth $17,410,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Pine Valley Investments Ltd Liability Co acquired a new stake in shares of PulteGroup during the 3rd quarter worth about $234,000. Aldebaran Financial Inc. increased its position in shares of PulteGroup by 99.1% during the third quarter. Aldebaran Financial Inc. now owns 5,365 shares of the construction company’s stock valued at $770,000 after acquiring an additional 2,670 shares during the last quarter. Second Line Capital LLC purchased a new stake in shares of PulteGroup in the 3rd quarter valued at approximately $235,000. Coldstream Capital Management Inc. raised its stake in shares of PulteGroup by 13.7% in the 3rd quarter. Coldstream Capital Management Inc. now owns 4,916 shares of the construction company’s stock valued at $697,000 after acquiring an additional 592 shares during the period. Finally, Brophy Wealth Management LLC purchased a new position in shares of PulteGroup during the 3rd quarter worth approximately $446,000. Hedge funds and other institutional investors own 89.90% of the company’s stock.

Analyst Ratings Changes

PHM has been the topic of a number of research analyst reports. Wells Fargo & Company boosted their target price on PulteGroup from $150.00 to $165.00 and gave the company an “overweight” rating in a research report on Monday, October 7th. BTIG Research increased their target price on PulteGroup from $139.00 to $156.00 and gave the stock a “buy” rating in a research note on Wednesday, October 23rd. Oppenheimer dropped their target price on PulteGroup from $168.00 to $165.00 and set an “outperform” rating for the company in a research report on Wednesday, October 23rd. Bank of America increased their price target on shares of PulteGroup from $138.00 to $160.00 and gave the stock a “buy” rating in a research report on Thursday, September 19th. Finally, UBS Group upped their target price on shares of PulteGroup from $148.00 to $154.00 and gave the stock a “neutral” rating in a research note on Wednesday, October 23rd. Eight investment analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $144.29.

PulteGroup Trading Down 1.0 %

PHM opened at $120.69 on Friday. The business’s 50-day simple moving average is $133.94 and its 200-day simple moving average is $127.15. The company has a market cap of $24.75 billion, a P/E ratio of 8.90, a PEG ratio of 0.50 and a beta of 1.62. PulteGroup, Inc. has a one year low of $95.36 and a one year high of $149.47. The company has a debt-to-equity ratio of 0.14, a quick ratio of 0.73 and a current ratio of 0.73.

PulteGroup (NYSE:PHM) last issued its earnings results on Tuesday, October 22nd. The construction company reported $3.35 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.10 by $0.25. PulteGroup had a net margin of 16.64% and a return on equity of 25.30%. The business had revenue of $4.48 billion during the quarter, compared to analysts’ expectations of $4.27 billion. During the same quarter in the prior year, the business posted $2.90 EPS. The company’s revenue for the quarter was up 11.8% on a year-over-year basis. As a group, equities research analysts expect that PulteGroup, Inc. will post 12.94 EPS for the current fiscal year.

PulteGroup Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, January 3rd. Investors of record on Tuesday, December 17th will be paid a dividend of $0.22 per share. This represents a $0.88 dividend on an annualized basis and a yield of 0.73%. The ex-dividend date is Tuesday, December 17th. This is an increase from PulteGroup’s previous quarterly dividend of $0.20. PulteGroup’s dividend payout ratio (DPR) is currently 5.90%.

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.