8,180 PulteGroup, Inc. $PHM Shares Bought by Greatmark Investment Partners Inc.

Greatmark Investment Partners Inc. increased its position in PulteGroup, Inc. (NYSE:PHM) by 16.4% in the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 58,080 shares of the construction company’s stock after buying an additional 8,180 shares during the period. Greatmark Investment Partners Inc.’s holdings in PulteGroup were worth $6,741,000 at the end of the most recent quarter.

Other institutional investors have also bought and sold shares of the company. QRG Capital Management Inc. lifted its holdings in shares of PulteGroup by 9.6% in the second quarter. QRG Capital Management Inc. now owns 151,274 shares of the construction company’s stock worth $20,756,000 after buying an additional 13,312 shares in the last quarter. Convergence Investment Partners LLC bought a new position in shares of PulteGroup during the second quarter worth $1,423,000. VIRGINIA RETIREMENT SYSTEMS ET Al bought a new position in shares of PulteGroup during the second quarter worth $8,820,000. iA Global Asset Management Inc. purchased a new position in PulteGroup during the second quarter valued at $38,937,000. Finally, State Street Corp grew its stake in PulteGroup by 3.2% during the second quarter. State Street Corp now owns 9,174,111 shares of the construction company’s stock valued at $1,261,092,000 after acquiring an additional 288,054 shares in the last quarter. Hedge funds and other institutional investors own 89.90% of the company’s stock.

Analyst Ratings Changes

A number of analysts have issued reports on PHM shares. Barclays reduced their price target on shares of PulteGroup from $110.00 to $109.00 and set an “equal weight” rating on the stock in a report on Friday, October 23rd. Evercore reissued an “outperform” rating on shares of PulteGroup in a report on Friday, September 25th. Royal Bank Of Canada dropped their price objective on shares of PulteGroup from $111.00 to $110.00 and set a “sector perform” rating for the company in a report on Friday, October 23rd. Truist Financial cut their price objective on PulteGroup from $145.00 to $136.00 and set a “buy” rating for the company in a research report on Wednesday, September 16th. Finally, Wells Fargo & Company reduced their target price on PulteGroup from $150.00 to $145.00 and set an “overweight” rating on the stock in a report on Friday, September 11th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating, eight have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, PulteGroup currently has an average rating of “Moderate Buy” and a consensus target price of $137.24.

PulteGroup Stock Up 0.4%

Shares of NYSE PHM opened at $124.80 on Friday. The company has a current ratio of 0.71, a quick ratio of 0.71 and a debt-to-equity ratio of 0.14. PulteGroup, Inc. has a 12-month low of $107.15 and a 12-month high of $144.49. The firm’s 50-day moving average price is $119.29 and its 200-day moving average price is $124.18. The stock has a market capitalization of $22.97 billion, a price-to-earnings ratio of 13.33, a P/E/G ratio of 2.06 and a beta of 1.16.

PulteGroup (NYSE:PHM) last released its quarterly earnings results on Thursday, October 22nd. The construction company reported $2.53 EPS for the quarter, missing the consensus estimate of $2.63 by ($0.10). PulteGroup had a return on equity of 14.29% and a net margin of 11.24%. The company had revenue of $3.97 billion during the quarter, compared to analysts’ expectations of $4.15 billion. During the same quarter in the prior year, the business posted $2.96 EPS. The company’s revenue was down 9.8% on a year-over-year basis. On average, equities research analysts anticipate that PulteGroup, Inc. will post 9.51 EPS for the current fiscal year.

PulteGroup Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, October 2nd. Stockholders of record on Tuesday, September 15th were paid a $0.26 dividend. This represents a $1.04 annualized dividend and a dividend yield of 0.8%. The ex-dividend date of this dividend was Tuesday, September 15th. PulteGroup’s dividend payout ratio (DPR) is presently 11.11%.

About PulteGroup

PulteGroup, Inc is a major U.S. homebuilding company that designs, builds and sells homes for a range of buyers, including first-time, move-up and active-adult customers. Its operations include land acquisition and development, home construction, sales and marketing, and customer service.

The company markets homes under several well-known brands, including Pulte, Centex, Del Webb, DiVosta and American West. Through these brands, PulteGroup offers a variety of single-family home designs and communities, with products tailored to different price points, lifestyles and stages of homeownership.