SG Americas Securities LLC Sells 114 Shares of PulteGroup, Inc. (NYSE:PHM)

SG Americas Securities LLC decreased its position in shares of PulteGroup, Inc. (NYSE:PHM) by 0.1% in the 4th quarter, Holdings Channel reports. The firm owned 131,239 shares of the construction company’s stock after selling 114 shares during the quarter. SG Americas Securities LLC’s holdings in PulteGroup were worth $14,292,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in the company. Fortitude Family Office LLC increased its stake in shares of 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 acquiring an additional 99 shares in the last quarter. Transcendent Capital Group LLC bought a new stake in shares of PulteGroup in the 3rd quarter valued at $29,000. JNBA Financial Advisors bought a new stake in shares of PulteGroup in the 3rd quarter valued at $43,000. Thurston Springer Miller Herd & Titak Inc. increased its stake in shares of 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 acquiring an additional 286 shares in the last quarter. Finally, Grove Bank & Trust increased its stake in shares of 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 acquiring an additional 72 shares in the last quarter. Institutional investors own 89.90% of the company’s stock.

PulteGroup Price Performance

PHM opened at $116.56 on Friday. 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 company has a market capitalization of $23.90 billion, a price-to-earnings ratio of 8.60, a P/E/G ratio of 0.46 and a beta of 1.67. The firm’s fifty day moving average price is $119.54 and its two-hundred day moving average price is $127.27. PulteGroup, Inc. has a 1 year low of $100.24 and a 1 year 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 (EPS) for the quarter, topping analysts’ consensus estimates of $3.10 by $0.25. The firm had revenue of $4.48 billion for the quarter, compared to the consensus estimate of $4.27 billion. PulteGroup had a net margin of 16.64% and a return on equity of 25.30%. The business’s revenue for the quarter was up 11.8% compared to the same quarter last year. During the same period in the previous year, the firm earned $2.90 EPS. As a group, analysts anticipate that PulteGroup, Inc. will post 12.96 earnings per share for the current fiscal year.

PulteGroup Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, January 3rd. Investors of record on Tuesday, December 17th were issued a $0.22 dividend. This is an increase from PulteGroup’s previous quarterly dividend of $0.20. This represents a $0.88 dividend on an annualized basis and a dividend yield of 0.75%. The ex-dividend date of this dividend was Tuesday, December 17th. PulteGroup’s payout ratio is 6.49%.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on the stock. UBS Group upgraded shares of PulteGroup from a “neutral” rating to a “buy” rating and lowered their price objective for the company from $154.00 to $148.00 in a research note on Wednesday, January 8th. BTIG Research lifted their price objective on shares of PulteGroup from $139.00 to $156.00 and gave the company a “buy” rating in a research note on Wednesday, October 23rd. Wedbush upgraded shares of PulteGroup from a “neutral” rating to an “outperform” rating and set a $135.00 price objective for the company in a research note on Friday, January 3rd. Wells Fargo & Company reduced their price target on shares of PulteGroup from $165.00 to $140.00 and set an “overweight” rating for the company in a research report on Tuesday, December 17th. Finally, Citigroup reduced their price target on shares of PulteGroup from $146.00 to $119.00 and set a “neutral” rating for the company in a research report on Monday, January 6th. Six analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. Based on data from MarketBeat.com, PulteGroup has a consensus rating of “Moderate Buy” and an average price target of $144.14.

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.