Eads & Heald Wealth Management Has $387,000 Stock Position in PulteGroup, Inc. (NYSE:PHM)

Eads & Heald Wealth Management increased its stake in shares of PulteGroup, Inc. (NYSE:PHM) by 33.9% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 3,552 shares of the construction company’s stock after acquiring an additional 900 shares during the quarter. Eads & Heald Wealth Management’s holdings in PulteGroup were worth $387,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. Fortitude Family Office LLC raised its position in shares of PulteGroup by 115.1% during the third quarter. Fortitude Family Office LLC now owns 185 shares of the construction company’s stock valued at $27,000 after buying an additional 99 shares during the last quarter. Transcendent Capital Group LLC bought a new position in PulteGroup during the third quarter valued at about $29,000. JNBA Financial Advisors acquired a new position in PulteGroup in the 3rd quarter valued at approximately $43,000. Thurston Springer Miller Herd & Titak Inc. lifted its position in shares of PulteGroup by 1,059.3% in the 3rd quarter. Thurston Springer Miller Herd & Titak Inc. now owns 313 shares of the construction company’s stock worth $45,000 after acquiring an additional 286 shares during the period. Finally, Grove Bank & Trust lifted its position in shares of PulteGroup by 18.4% in the 3rd quarter. Grove Bank & Trust now owns 463 shares of the construction company’s stock worth $66,000 after acquiring an additional 72 shares during the period. 89.90% of the stock is owned by institutional investors.

PulteGroup Price Performance

Shares of PHM stock opened at $115.76 on Wednesday. PulteGroup, Inc. has a 52 week low of $100.24 and a 52 week high of $149.47. The stock has a market capitalization of $23.74 billion, a PE ratio of 8.54, a PEG ratio of 0.46 and a beta of 1.67. 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 stock’s fifty day moving average is $120.01 and its 200-day moving average is $127.25.

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

PulteGroup Increases Dividend

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

Analyst Upgrades and Downgrades

A number of research analysts recently commented on the company. JPMorgan Chase & Co. cut their target price on PulteGroup from $162.00 to $155.00 and set an “overweight” rating for the company in a research note on Friday, December 13th. Citigroup dropped their price objective on shares of PulteGroup from $146.00 to $119.00 and set a “neutral” rating for the company in a research note on Monday, January 6th. UBS Group upgraded shares of PulteGroup from a “neutral” rating to a “buy” rating and decreased their target price for the company from $154.00 to $148.00 in a research report on Wednesday, January 8th. BTIG Research increased their price target on shares of PulteGroup from $139.00 to $156.00 and gave the stock a “buy” rating in a research report on Wednesday, October 23rd. Finally, Evercore ISI decreased their price objective on PulteGroup from $198.00 to $195.00 and set an “outperform” rating on the stock in a report on Wednesday, October 23rd. Six research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $144.14.

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.