Burney Co. Sells 57,327 Shares of PulteGroup, Inc. (NYSE:PHM)

Burney Co. lowered its position in shares of PulteGroup, Inc. (NYSE:PHM) by 37.0% in the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 97,717 shares of the construction company’s stock after selling 57,327 shares during the quarter. Burney Co.’s holdings in PulteGroup were worth $10,641,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of PHM. Thurston Springer Miller Herd & Titak Inc. raised its stake in PulteGroup by 41.9% in the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 444 shares of the construction company’s stock worth $48,000 after purchasing an additional 131 shares in the last quarter. Park Avenue Securities LLC increased its holdings in shares of PulteGroup by 16.5% during the fourth quarter. Park Avenue Securities LLC now owns 37,734 shares of the construction company’s stock worth $4,109,000 after purchasing an additional 5,332 shares during the period. Board of the Pension Protection Fund acquired a new stake in shares of PulteGroup in the fourth quarter valued at approximately $348,000. Fifth Third Wealth Advisors LLC boosted its stake in shares of PulteGroup by 41.5% in the fourth quarter. Fifth Third Wealth Advisors LLC now owns 3,433 shares of the construction company’s stock valued at $374,000 after buying an additional 1,007 shares during the period. Finally, 180 Wealth Advisors LLC grew its position in PulteGroup by 6.2% during the fourth quarter. 180 Wealth Advisors LLC now owns 26,420 shares of the construction company’s stock worth $2,877,000 after buying an additional 1,554 shares in the last quarter. Institutional investors own 89.90% of the company’s stock.

PulteGroup Price Performance

Shares of NYSE:PHM opened at $114.88 on Wednesday. The company has a debt-to-equity ratio of 0.14, a quick ratio of 0.73 and a current ratio of 0.73. PulteGroup, Inc. has a 52 week low of $100.24 and a 52 week high of $149.47. The firm has a market cap of $23.56 billion, a PE ratio of 8.47, a price-to-earnings-growth ratio of 0.48 and a beta of 1.67. The firm’s fifty day moving average is $121.20 and its 200-day moving average is $126.93.

PulteGroup (NYSE:PHM) last released its quarterly earnings results on Tuesday, October 22nd. The construction company reported $3.35 EPS for the quarter, beating analysts’ consensus estimates of $3.10 by $0.25. PulteGroup had a return on equity of 25.30% and a net margin of 16.64%. 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 previous year, the company posted $2.90 EPS. The business’s revenue was up 11.8% on a year-over-year basis. Sell-side analysts predict that PulteGroup, Inc. will post 12.94 earnings per share for the current year.

PulteGroup Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, January 3rd. Shareholders of record on Tuesday, December 17th were given a dividend of $0.22 per share. This represents a $0.88 dividend on an annualized basis and a yield of 0.77%. The ex-dividend date of this dividend was Tuesday, December 17th. This is an increase from PulteGroup’s previous quarterly dividend of $0.20. PulteGroup’s dividend payout ratio is currently 6.49%.

Analyst Ratings Changes

Several equities analysts have weighed in on the company. Wedbush raised PulteGroup from a “neutral” rating to an “outperform” rating and set a $135.00 price objective for the company in a report on Friday, January 3rd. BTIG Research boosted their price target on PulteGroup from $139.00 to $156.00 and gave the company a “buy” rating in a research note on Wednesday, October 23rd. Evercore ISI reduced their price target 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. UBS Group upgraded shares of PulteGroup from a “neutral” rating to a “buy” rating and lowered their price objective for the company from $154.00 to $148.00 in a research report on Wednesday, January 8th. Finally, JPMorgan Chase & Co. reduced their target price on PulteGroup from $162.00 to $155.00 and set an “overweight” rating on the stock in a report on Friday, December 13th. Six analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. According to data from MarketBeat.com, PulteGroup has an average rating of “Moderate Buy” and an average target price of $145.21.

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.