Sugarloaf Wealth Management LLC Has $208,000 Stock Holdings in PulteGroup, Inc. (NYSE:PHM)

Sugarloaf Wealth Management LLC grew its holdings in shares of PulteGroup, Inc. (NYSE:PHM) by 10.9% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,913 shares of the construction company’s stock after purchasing an additional 188 shares during the quarter. Sugarloaf Wealth Management LLC’s holdings in PulteGroup were worth $208,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also modified their holdings of PHM. Fortitude Family Office LLC lifted its position in shares of PulteGroup by 115.1% in the third quarter. Fortitude Family Office LLC now owns 185 shares of the construction company’s stock worth $27,000 after buying an additional 99 shares during the last quarter. Transcendent Capital Group LLC acquired a new stake in PulteGroup in the 3rd quarter worth approximately $29,000. Candriam S.C.A. bought a new stake in PulteGroup during the second quarter worth approximately $33,000. JNBA Financial Advisors acquired a new position in PulteGroup during the third quarter valued at approximately $43,000. Finally, Thurston Springer Miller Herd & Titak Inc. raised its position in shares of PulteGroup by 1,059.3% in the third quarter. Thurston Springer Miller Herd & Titak Inc. now owns 313 shares of the construction company’s stock valued at $45,000 after purchasing an additional 286 shares during the period. Institutional investors and hedge funds own 89.90% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on the stock. UBS Group upgraded shares of PulteGroup from a “neutral” rating to a “buy” rating and lowered their target price for the company from $154.00 to $148.00 in a research note on Wednesday. Barclays reiterated an “equal weight” rating and issued a $140.00 price objective (down from $150.00) on shares of PulteGroup in a research note on Wednesday, December 11th. Wedbush upgraded PulteGroup from a “neutral” rating to an “outperform” rating and set a $135.00 target price for the company in a research note on Friday, January 3rd. StockNews.com lowered PulteGroup from a “buy” rating to a “hold” rating in a report on Wednesday, December 11th. Finally, Bank of America raised their price objective on shares of PulteGroup from $138.00 to $160.00 and gave the stock a “buy” rating in a research note on Thursday, September 19th. Six equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $143.86.

PulteGroup Price Performance

PHM traded down $2.60 during trading on Friday, hitting $107.86. The company’s stock had a trading volume of 1,045,567 shares, compared to its average volume of 1,693,841. The firm’s 50 day moving average price is $122.45 and its two-hundred day moving average price is $126.72. 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 stock has a market capitalization of $22.12 billion, a price-to-earnings ratio of 7.95, a price-to-earnings-growth ratio of 0.48 and a beta of 1.67. PulteGroup, Inc. has a 12 month low of $100.24 and a 12 month high of $149.47.

PulteGroup (NYSE:PHM) last issued its quarterly earnings data on Tuesday, October 22nd. The construction company reported $3.35 EPS for the quarter, topping analysts’ consensus estimates of $3.10 by $0.25. PulteGroup had a net margin of 16.64% and a return on equity of 25.30%. The firm had revenue of $4.48 billion for the quarter, compared to analyst estimates of $4.27 billion. During the same quarter in the prior year, the firm earned $2.90 EPS. The company’s revenue was up 11.8% on a year-over-year basis. Sell-side analysts forecast that PulteGroup, Inc. will post 12.94 earnings per share for the current fiscal year.

PulteGroup Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, January 3rd. Investors of record on Tuesday, December 17th were given a $0.22 dividend. This represents a $0.88 annualized dividend and a yield of 0.82%. The ex-dividend date of this dividend was Tuesday, December 17th. This is a boost from PulteGroup’s previous quarterly dividend of $0.20. PulteGroup’s payout ratio is 6.49%.

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.