SG Americas Securities LLC Has $14.29 Million Stake in PulteGroup, Inc. (NYSE:PHM)

SG Americas Securities LLC decreased its holdings in shares of PulteGroup, Inc. (NYSE:PHM) by 0.1% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 131,239 shares of the construction company’s stock after selling 114 shares during the quarter. SG Americas Securities LLC owned approximately 0.06% of PulteGroup worth $14,292,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in the business. Grove Bank & Trust grew its stake in PulteGroup by 18.4% during the third quarter. Grove Bank & Trust now owns 463 shares of the construction company’s stock worth $66,000 after buying an additional 72 shares in the last quarter. Cromwell Holdings LLC grew its stake in PulteGroup by 17.2% during the third quarter. Cromwell Holdings LLC now owns 565 shares of the construction company’s stock worth $81,000 after buying an additional 83 shares in the last quarter. Concord Wealth Partners grew its stake in PulteGroup by 1.7% during the third quarter. Concord Wealth Partners now owns 5,002 shares of the construction company’s stock worth $718,000 after buying an additional 83 shares in the last quarter. Ashton Thomas Private Wealth LLC grew its stake in PulteGroup by 3.0% during the third quarter. Ashton Thomas Private Wealth LLC now owns 3,054 shares of the construction company’s stock worth $438,000 after buying an additional 88 shares in the last quarter. Finally, Premier Path Wealth Partners LLC grew its stake in PulteGroup by 3.8% during the fourth quarter. Premier Path Wealth Partners LLC now owns 2,572 shares of the construction company’s stock worth $280,000 after buying an additional 95 shares in the last quarter. Institutional investors and hedge funds own 89.90% of the company’s stock.

PulteGroup Stock Down 0.3 %

Shares of NYSE PHM opened at $116.56 on Friday. The company has a 50 day simple moving average of $119.54 and a 200 day simple moving average of $127.27. The firm has a market cap of $23.90 billion, a PE ratio of 8.60, a price-to-earnings-growth ratio of 0.46 and a beta of 1.67. PulteGroup, Inc. has a 1 year low of $100.24 and a 1 year high of $149.47. The company has a debt-to-equity ratio of 0.14, a current ratio of 0.73 and a quick ratio of 0.73.

PulteGroup (NYSE:PHM) last issued its quarterly earnings data on Tuesday, October 22nd. The construction company reported $3.35 earnings per share (EPS) for the quarter, beating 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 business had revenue of $4.48 billion during the quarter, compared to analyst estimates of $4.27 billion. During the same quarter last year, the business earned $2.90 EPS. The firm’s quarterly revenue was up 11.8% on a year-over-year basis. On average, research analysts forecast that PulteGroup, Inc. will post 12.96 EPS for the current year.

PulteGroup Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, January 3rd. Shareholders of record on Tuesday, December 17th were issued a dividend of $0.22 per share. This is a positive change from PulteGroup’s previous quarterly dividend of $0.20. The ex-dividend date was Tuesday, December 17th. This represents a $0.88 annualized dividend and a yield of 0.75%. PulteGroup’s dividend payout ratio (DPR) is presently 6.49%.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on PHM shares. The Goldman Sachs Group reduced their price objective on shares of PulteGroup from $140.00 to $124.00 and set a “neutral” rating on the stock in a research note on Tuesday, January 14th. BTIG Research increased their price objective on shares of PulteGroup from $139.00 to $156.00 and gave the stock a “buy” rating in a research note on Wednesday, October 23rd. Wedbush upgraded shares of PulteGroup from a “neutral” rating to an “outperform” rating and set a $135.00 price target on the stock in a research note on Friday, January 3rd. JPMorgan Chase & Co. reduced their price target on shares of PulteGroup from $162.00 to $155.00 and set an “overweight” rating on the stock in a research note on Friday, December 13th. Finally, Wells Fargo & Company reduced their price target on shares of PulteGroup from $165.00 to $140.00 and set an “overweight” rating on the stock in a research note on Tuesday, December 17th. Six research 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, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $144.14.

PulteGroup 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.