Captrust Financial Advisors Grows Stake in PulteGroup, Inc. (NYSE:PHM)

Captrust Financial Advisors boosted its stake in PulteGroup, Inc. (NYSE:PHM - Free Report) by 2.2% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 957,696 shares of the construction company's stock after purchasing an additional 20,328 shares during the period. Captrust Financial Advisors owned about 0.47% of PulteGroup worth $137,458,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of the stock. WR Wealth Planners LLC increased its position in shares of PulteGroup by 54.7% during the second quarter. WR Wealth Planners LLC now owns 232 shares of the construction company's stock worth $26,000 after buying an additional 82 shares during the period. Fortitude Family Office LLC grew its holdings in PulteGroup by 115.1% during the 3rd quarter. Fortitude Family Office LLC now owns 185 shares of the construction company's stock worth $27,000 after acquiring an additional 99 shares during the period. LRI Investments LLC bought a new position in shares of PulteGroup in the 1st quarter worth about $28,000. Transcendent Capital Group LLC acquired a new position in shares of PulteGroup in the 3rd quarter valued at about $29,000. Finally, Rothschild Investment LLC bought a new stake in shares of PulteGroup during the 2nd quarter valued at about $31,000. 89.90% of the stock is owned by institutional investors.

PulteGroup Stock Performance

PulteGroup stock traded down $1.26 during mid-day trading on Friday, reaching $135.27. 1,072,654 shares of the company's stock were exchanged, compared to its average volume of 1,826,173. The firm has a market capitalization of $27.74 billion, a PE ratio of 10.07, a P/E/G ratio of 0.56 and a beta of 1.63. 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 business's fifty day simple moving average is $136.34 and its 200 day simple moving average is $126.32. PulteGroup, Inc. has a one year low of $86.59 and a one year high of $149.47.

PulteGroup (NYSE:PHM - Get Free Report) last posted its quarterly earnings results 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 company had revenue of $4.48 billion during the quarter, compared to analyst estimates of $4.27 billion. PulteGroup had a net margin of 16.64% and a return on equity of 25.30%. The firm's revenue for the quarter was up 11.8% on a year-over-year basis. During the same quarter in the prior year, the business earned $2.90 earnings per share. On average, sell-side analysts expect that PulteGroup, Inc. will post 12.94 earnings per share for the current year.

PulteGroup Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, January 3rd. Stockholders of record on Tuesday, December 17th will be given a dividend of $0.22 per share. The ex-dividend date is Tuesday, December 17th. This is a boost from PulteGroup's previous quarterly dividend of $0.20. This represents a $0.88 annualized dividend and a dividend yield of 0.65%. PulteGroup's dividend payout ratio is currently 5.90%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on the stock. Wolfe Research cut shares of PulteGroup from an "outperform" rating to a "peer perform" rating in a report on Wednesday, August 14th. Wedbush reiterated a "neutral" rating and issued a $115.00 target price on shares of PulteGroup in a report on Tuesday, October 22nd. BTIG Research boosted their price target 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. Oppenheimer dropped their price objective on shares of PulteGroup from $168.00 to $165.00 and set an "outperform" rating on the stock in a research note on Wednesday, October 23rd. Finally, Evercore ISI decreased their target price on shares of PulteGroup from $198.00 to $195.00 and set an "outperform" rating for the company in a research report on Wednesday, October 23rd. Six research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. According to data from MarketBeat.com, PulteGroup presently has a consensus rating of "Moderate Buy" and a consensus target price of $145.00.

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.