PulteGroup, Inc. (NYSE:PHM) Stake Lifted by Cerity Partners LLC

Cerity Partners LLC increased its position in PulteGroup, Inc. (NYSE:PHM - Free Report) by 11.4% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 48,399 shares of the construction company's stock after buying an additional 4,970 shares during the quarter. Cerity Partners LLC's holdings in PulteGroup were worth $6,947,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Grove Bank & Trust lifted 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 purchasing an additional 72 shares in the last quarter. WR Wealth Planners LLC lifted its position in PulteGroup by 54.7% during the second quarter. WR Wealth Planners LLC now owns 232 shares of the construction company's stock valued at $26,000 after buying an additional 82 shares in the last quarter. Cromwell Holdings LLC grew its stake in PulteGroup by 17.2% during the third quarter. Cromwell Holdings LLC now owns 565 shares of the construction company's stock worth $81,000 after buying an additional 83 shares during the period. Concord Wealth Partners increased its position in shares of PulteGroup by 1.7% in the third quarter. Concord Wealth Partners now owns 5,002 shares of the construction company's stock worth $718,000 after acquiring an additional 83 shares in the last quarter. Finally, Lebenthal Global Advisors LLC increased its position in shares of PulteGroup by 3.9% in the second quarter. Lebenthal Global Advisors LLC now owns 2,329 shares of the construction company's stock worth $256,000 after acquiring an additional 87 shares in the last quarter. Institutional investors and hedge funds own 89.90% of the company's stock.

Analyst Ratings Changes

PHM has been the subject of a number of research reports. Wolfe Research cut shares of PulteGroup from an "outperform" rating to a "peer perform" rating in a research report on Wednesday, August 14th. Wedbush reiterated a "neutral" rating and issued a $115.00 target price on shares of PulteGroup in a research note on Tuesday, October 22nd. BTIG Research raised their target price on PulteGroup from $139.00 to $156.00 and gave the company a "buy" rating in a report on Wednesday, October 23rd. Evercore ISI decreased their price target on PulteGroup from $198.00 to $195.00 and set an "outperform" rating for the company in a report on Wednesday, October 23rd. Finally, Wells Fargo & Company increased their price objective on shares of PulteGroup from $150.00 to $165.00 and gave the company an "overweight" rating in a research report on Monday, October 7th. Six equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $145.00.

PulteGroup Stock Up 0.7 %

NYSE:PHM traded up $0.93 during mid-day trading on Thursday, reaching $136.53. The stock had a trading volume of 1,271,098 shares, compared to its average volume of 1,829,449. 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 $28.00 billion, a price-to-earnings ratio of 10.07, a price-to-earnings-growth ratio of 0.56 and a beta of 1.63. PulteGroup, Inc. has a 1-year low of $86.59 and a 1-year high of $149.47. The stock's 50 day simple moving average is $136.34 and its two-hundred day simple moving average is $126.32.

PulteGroup (NYSE:PHM - Get Free Report) last issued its earnings results on Tuesday, October 22nd. The construction company reported $3.35 EPS for the quarter, topping 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 return on equity of 25.30% and a net margin of 16.64%. The business's revenue was up 11.8% on a year-over-year basis. During the same quarter last year, the firm earned $2.90 EPS. Equities analysts anticipate that PulteGroup, Inc. will post 12.94 EPS for the current year.

PulteGroup Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, January 3rd. Shareholders of record on Tuesday, December 17th will be paid a dividend of $0.22 per share. This is a positive change from PulteGroup's previous quarterly dividend of $0.20. The ex-dividend date of this dividend is Tuesday, December 17th. This represents a $0.88 annualized dividend and a yield of 0.64%. PulteGroup's payout ratio is presently 6.49%.

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.