Ritholtz Wealth Management Raises Stock Position in PulteGroup, Inc. (NYSE:PHM)

Ritholtz Wealth Management grew its position in PulteGroup, Inc. (NYSE:PHM - Free Report) by 29.3% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 73,807 shares of the construction company's stock after purchasing an additional 16,746 shares during the quarter. Ritholtz Wealth Management's holdings in PulteGroup were worth $8,038,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also bought and sold shares of the company. Fortitude Family Office LLC boosted its stake in PulteGroup by 115.1% in the 3rd quarter. Fortitude Family Office LLC now owns 185 shares of the construction company's stock worth $27,000 after purchasing an additional 99 shares during the period. Transcendent Capital Group LLC purchased a new position in shares of PulteGroup in the third quarter worth $29,000. JNBA Financial Advisors bought a new position in shares of PulteGroup during the third quarter worth $43,000. Thurston Springer Miller Herd & Titak Inc. grew its stake in PulteGroup by 1,059.3% during the third 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 holdings in 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 during the last quarter. Hedge funds and other institutional investors own 89.90% of the company's stock.

PulteGroup Trading Up 0.2 %

PulteGroup stock traded up $0.18 during midday trading on Friday, reaching $117.11. The stock had a trading volume of 2,441,237 shares, compared to its average volume of 1,968,594. 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 firm has a market cap of $24.02 billion, a price-to-earnings ratio of 8.64, a price-to-earnings-growth ratio of 0.43 and a beta of 1.67. PulteGroup, Inc. has a 52-week low of $100.24 and a 52-week high of $149.47. The company has a fifty day moving average of $120.93 and a 200 day moving average of $126.85.

PulteGroup (NYSE:PHM - Get Free Report) last issued its quarterly earnings results on Tuesday, October 22nd. The construction company reported $3.35 earnings per share for the quarter, topping the consensus estimate of $3.10 by $0.25. PulteGroup had a return on equity of 25.30% and a net margin of 16.64%. The firm had revenue of $4.48 billion for the quarter, compared to the consensus estimate of $4.27 billion. During the same period in the prior year, the business posted $2.90 earnings per share. The company's revenue for the quarter was up 11.8% on a year-over-year basis. On average, analysts anticipate that PulteGroup, Inc. will post 12.96 earnings per share for the current fiscal year.

PulteGroup Increases Dividend

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

Analysts Set New Price Targets

PHM has been the subject of several research reports. Barclays dropped their price objective on shares of PulteGroup from $140.00 to $125.00 and set an "equal weight" rating for the company in a report on Thursday. Wedbush raised PulteGroup from a "neutral" rating to an "outperform" rating and set a $135.00 price objective on the stock in a report on Friday, January 3rd. Evercore ISI lowered their target price on PulteGroup from $198.00 to $195.00 and set an "outperform" rating for the company in a research report on Wednesday, October 23rd. The Goldman Sachs Group reduced their price target on shares of PulteGroup from $140.00 to $124.00 and set a "neutral" rating on the stock in a research report on Tuesday. Finally, Oppenheimer lowered their price objective on shares of PulteGroup from $168.00 to $165.00 and set an "outperform" rating for the company in a research report on Wednesday, October 23rd. Six equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company's stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $144.14.

PulteGroup Company 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.