Carolina Wealth Advisors LLC Reduces Holdings in PulteGroup, Inc. (NYSE:PHM)

Carolina Wealth Advisors LLC decreased its position in shares of PulteGroup, Inc. (NYSE:PHM) by 26.2% in the 4th quarter, Holdings Channel reports. The fund owned 5,482 shares of the construction company’s stock after selling 1,948 shares during the quarter. Carolina Wealth Advisors LLC’s holdings in PulteGroup were worth $597,000 as of its most recent filing with the SEC.

Several other large investors also recently added to or reduced their stakes in the company. Grove Bank & Trust lifted its stake in shares of PulteGroup by 18.4% during the 3rd quarter. Grove Bank & Trust now owns 463 shares of the construction company’s stock valued at $66,000 after buying an additional 72 shares in the last quarter. Cromwell Holdings LLC boosted its position in shares of PulteGroup by 17.2% in the third quarter. Cromwell Holdings LLC now owns 565 shares of the construction company’s stock valued at $81,000 after acquiring an additional 83 shares during the period. Concord Wealth Partners lifted its stake in PulteGroup by 1.7% in the 3rd quarter. Concord Wealth Partners now owns 5,002 shares of the construction company’s stock worth $718,000 after purchasing an additional 83 shares in the last quarter. Ashton Thomas Private Wealth LLC boosted its holdings in PulteGroup by 3.0% in the 3rd quarter. Ashton Thomas Private Wealth LLC now owns 3,054 shares of the construction company’s stock valued at $438,000 after purchasing an additional 88 shares during the period. Finally, Verdence Capital Advisors LLC grew its position in shares of PulteGroup by 2.8% during the 3rd quarter. Verdence Capital Advisors LLC now owns 3,598 shares of the construction company’s stock valued at $516,000 after purchasing an additional 97 shares in the last quarter. Hedge funds and other institutional investors own 89.90% of the company’s stock.

PulteGroup Stock Performance

Shares of PHM stock opened at $115.77 on Thursday. The company has a market capitalization of $23.74 billion, a price-to-earnings ratio of 8.54, a price-to-earnings-growth ratio of 0.43 and a beta of 1.67. PulteGroup, Inc. has a one year low of $100.24 and a one year high of $149.47. The company has a debt-to-equity ratio of 0.14, a quick ratio of 0.73 and a current ratio of 0.73. The company’s 50-day moving average is $121.20 and its 200 day moving average is $126.93.

PulteGroup (NYSE:PHM) last issued its quarterly earnings data 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%. PulteGroup’s revenue was up 11.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $2.90 earnings per share. Sell-side analysts expect that PulteGroup, Inc. will post 12.96 EPS for the current fiscal year.

PulteGroup Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, January 3rd. Investors of record on Tuesday, December 17th were given a dividend of $0.22 per share. The ex-dividend date was Tuesday, December 17th. This represents a $0.88 annualized dividend and a dividend yield of 0.76%. This is a boost from PulteGroup’s previous quarterly dividend of $0.20. PulteGroup’s dividend payout ratio (DPR) is currently 6.49%.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on PHM shares. UBS Group upgraded shares of PulteGroup from a “neutral” rating to a “buy” rating and reduced their price target for the company from $154.00 to $148.00 in a research report on Wednesday, January 8th. Evercore ISI decreased their target price on shares of PulteGroup from $198.00 to $195.00 and set an “outperform” rating on the stock in a research report on Wednesday, October 23rd. BTIG Research lifted their price target on PulteGroup from $139.00 to $156.00 and gave the stock a “buy” rating in a research note on Wednesday, October 23rd. StockNews.com cut PulteGroup from a “buy” rating to a “hold” rating in a report on Wednesday, December 11th. Finally, Wells Fargo & Company dropped their price target on PulteGroup from $165.00 to $140.00 and set an “overweight” rating for the company in a research note on Tuesday, December 17th. Six investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. According to data from MarketBeat, PulteGroup presently has an average rating of “Moderate Buy” and an average target price of $145.21.

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.