MorganRosel Wealth Management LLC Has $1.32 Million Stock Position in PulteGroup, Inc. (NYSE:PHM)

MorganRosel Wealth Management LLC cut its holdings in shares of PulteGroup, Inc. (NYSE:PHM) by 10.6% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 10,903 shares of the construction company’s stock after selling 1,286 shares during the period. MorganRosel Wealth Management LLC’s holdings in PulteGroup were worth $1,315,000 at the end of the most recent quarter.

A number of other large investors have also recently modified their holdings of the business. LVW Advisors LLC bought a new stake in shares of PulteGroup during the 1st quarter worth $260,000. Red Door Wealth Management LLC acquired a new position in PulteGroup during the first quarter worth about $219,000. River Street Advisors LLC raised its stake in PulteGroup by 4.9% during the first quarter. River Street Advisors LLC now owns 6,207 shares of the construction company’s stock worth $749,000 after acquiring an additional 289 shares in the last quarter. Vicus Capital bought a new position in shares of PulteGroup in the first quarter worth about $203,000. Finally, Trivant Custom Portfolio Group LLC acquired a new stake in shares of PulteGroup in the 1st quarter valued at approximately $1,622,000. Institutional investors and hedge funds own 89.90% of the company’s stock.

Analysts Set New Price Targets

PHM has been the topic of a number of research reports. Barclays boosted their target price on shares of PulteGroup from $126.00 to $136.00 and gave the stock an “overweight” rating in a research note on Thursday, April 4th. StockNews.com raised PulteGroup from a “hold” rating to a “buy” rating in a report on Wednesday, April 24th. Zelman & Associates upgraded PulteGroup from a “neutral” rating to an “outperform” rating in a research report on Wednesday, April 24th. Citigroup boosted their price target on PulteGroup from $127.00 to $129.00 and gave the stock a “neutral” rating in a report on Friday, May 17th. Finally, Oppenheimer upped their price objective on PulteGroup from $138.00 to $143.00 and gave the company an “outperform” rating in a research note on Wednesday, April 24th. Five investment analysts have rated the stock with a hold rating and nine have given a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $113.07.

PulteGroup Stock Up 0.3 %

Shares of NYSE PHM opened at $110.10 on Monday. The company has a quick ratio of 0.85, a current ratio of 0.85 and a debt-to-equity ratio of 0.18. The firm has a market cap of $23.16 billion, a PE ratio of 8.82, a P/E/G ratio of 0.49 and a beta of 1.61. The company’s fifty day simple moving average is $114.11 and its 200 day simple moving average is $109.78. PulteGroup, Inc. has a 12-month low of $68.80 and a 12-month high of $122.72.

PulteGroup (NYSE:PHM) last released its quarterly earnings data on Tuesday, April 23rd. The construction company reported $2.87 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.36 by $0.51. PulteGroup had a net margin of 16.63% and a return on equity of 25.81%. The company had revenue of $3.95 billion for the quarter, compared to analysts’ expectations of $3.59 billion. As a group, sell-side analysts forecast that PulteGroup, Inc. will post 12.64 earnings per share for the current fiscal year.

PulteGroup Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 2nd. Shareholders of record on Tuesday, June 18th will be paid a $0.20 dividend. The ex-dividend date is Tuesday, June 18th. This represents a $0.80 dividend on an annualized basis and a yield of 0.73%. PulteGroup’s dividend payout ratio (DPR) is presently 6.41%.

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.