DGS Capital Management LLC Lowers Holdings in PulteGroup, Inc. (NYSE:PHM)

DGS Capital Management LLC reduced its position in PulteGroup, Inc. (NYSE:PHM) by 5.0% during the 4th quarter, according to its most recent filing with the SEC. The firm owned 1,854 shares of the construction company’s stock after selling 97 shares during the quarter. DGS Capital Management LLC’s holdings in PulteGroup were worth $202,000 as of its most recent filing with the SEC.

Other large investors also recently bought and sold shares of the company. Exchange Traded Concepts LLC raised its holdings in PulteGroup by 38.2% during the fourth quarter. Exchange Traded Concepts LLC now owns 7,046 shares of the construction company’s stock worth $767,000 after purchasing an additional 1,948 shares in the last quarter. Impact Partnership Wealth LLC acquired a new position in PulteGroup during the 4th quarter worth approximately $464,000. Sound Income Strategies LLC raised its stake in shares of PulteGroup by 24.4% during the 4th quarter. Sound Income Strategies LLC now owns 1,961 shares of the construction company’s stock worth $214,000 after buying an additional 384 shares in the last quarter. RFG Advisory LLC lifted its holdings in shares of PulteGroup by 45.9% in the 4th quarter. RFG Advisory LLC now owns 2,153 shares of the construction company’s stock valued at $234,000 after buying an additional 677 shares during the period. Finally, FCG Investment Co boosted its stake in shares of PulteGroup by 4.7% in the fourth quarter. FCG Investment Co now owns 3,377 shares of the construction company’s stock valued at $368,000 after buying an additional 153 shares in the last quarter. Hedge funds and other institutional investors own 89.90% of the company’s stock.

Analysts Set New Price Targets

Several research firms have issued reports on PHM. Wedbush upgraded PulteGroup from a “neutral” rating to an “outperform” rating and set a $135.00 price objective for the company in a research report on Friday, January 3rd. The Goldman Sachs Group cut their price target on shares of PulteGroup from $140.00 to $124.00 and set a “neutral” rating for the company in a report on Tuesday, January 14th. BTIG Research boosted their price objective on shares of PulteGroup from $139.00 to $156.00 and gave the stock a “buy” rating in a report on Wednesday, October 23rd. Wells Fargo & Company dropped their target price on shares of PulteGroup from $165.00 to $140.00 and set an “overweight” rating for the company in a report on Tuesday, December 17th. Finally, Oppenheimer decreased their price target on PulteGroup from $168.00 to $165.00 and set an “outperform” rating on the stock in a research note on Wednesday, October 23rd. Six analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. According to data from MarketBeat, PulteGroup has a consensus rating of “Moderate Buy” and a consensus target price of $144.14.

PulteGroup Trading Down 0.7 %

Shares of PHM stock opened at $115.66 on Monday. The company has a market capitalization of $23.72 billion, a price-to-earnings ratio of 8.53, a PEG ratio of 0.46 and a beta of 1.67. The company has a current ratio of 0.73, a quick ratio of 0.73 and a debt-to-equity ratio of 0.14. The firm has a 50-day moving average price of $119.02 and a 200 day moving average price of $127.42. PulteGroup, Inc. has a twelve month low of $100.24 and a twelve month high of $149.47.

PulteGroup Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, January 3rd. Investors of record on Tuesday, December 17th were paid a dividend of $0.22 per share. This is an increase 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 dividend yield of 0.76%. PulteGroup’s dividend payout ratio is presently 6.49%.

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.