PulteGroup, Inc. (NYSE:PHM) Shares Sold by Paragon Capital Management Ltd

Paragon Capital Management Ltd lowered its stake in PulteGroup, Inc. (NYSE:PHM) by 22.1% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 4,962 shares of the construction company’s stock after selling 1,408 shares during the quarter. Paragon Capital Management Ltd’s holdings in PulteGroup were worth $385,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently bought and sold shares of PHM. CVA Family Office LLC lifted its holdings in PulteGroup by 222.9% in the 4th quarter. CVA Family Office LLC now owns 565 shares of the construction company’s stock valued at $26,000 after acquiring an additional 390 shares during the last quarter. Arlington Partners LLC acquired a new position in shares of PulteGroup in the 1st quarter valued at about $26,000. Clear Street Markets LLC increased its holdings in shares of PulteGroup by 90.9% in the 1st quarter. Clear Street Markets LLC now owns 441 shares of the construction company’s stock valued at $26,000 after purchasing an additional 210 shares during the period. Coppell Advisory Solutions Corp. acquired a new position in shares of PulteGroup in the 4th quarter valued at about $26,000. Finally, Nelson Van Denburg & Campbell Wealth Management Group LLC acquired a new position in shares of PulteGroup in the 1st quarter valued at about $28,000. 89.84% of the stock is owned by institutional investors and hedge funds.

PulteGroup Price Performance

PulteGroup stock traded down $2.15 during mid-day trading on Friday, hitting $76.27. 5,886,901 shares of the company were exchanged, compared to its average volume of 2,357,498. The company has a quick ratio of 0.92, a current ratio of 0.92 and a debt-to-equity ratio of 0.21. The business has a fifty day moving average of $81.06 and a 200 day moving average of $70.70. PulteGroup, Inc. has a 1-year low of $35.99 and a 1-year high of $86.15. The company has a market capitalization of $16.74 billion, a PE ratio of 6.30, a price-to-earnings-growth ratio of 0.63 and a beta of 1.39.

PulteGroup (NYSE:PHM) last released its quarterly earnings data on Tuesday, July 25th. The construction company reported $3.21 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.52 by $0.69. PulteGroup had a return on equity of 29.58% and a net margin of 16.37%. The firm had revenue of $4.19 billion during the quarter, compared to analyst estimates of $4.01 billion. During the same period in the prior year, the company posted $2.73 earnings per share. The business’s revenue for the quarter was up 6.7% compared to the same quarter last year. As a group, sell-side analysts expect that PulteGroup, Inc. will post 11.65 earnings per share for the current year.

PulteGroup Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 3rd. Shareholders of record on Monday, September 18th will be paid a dividend of $0.16 per share. The ex-dividend date is Friday, September 15th. This represents a $0.64 annualized dividend and a yield of 0.84%. PulteGroup’s dividend payout ratio is currently 5.29%.

Wall Street Analysts Forecast Growth

PHM has been the topic of a number of research reports. Credit Suisse Group increased their price objective on PulteGroup from $71.00 to $85.00 in a report on Wednesday, July 26th. Bank of America increased their price objective on PulteGroup from $82.00 to $92.00 in a report on Wednesday, July 26th. StockNews.com initiated coverage on PulteGroup in a report on Thursday, August 17th. They issued a “buy” rating on the stock. UBS Group increased their price objective on PulteGroup from $81.00 to $105.00 and gave the stock a “buy” rating in a report on Tuesday, July 25th. Finally, Citigroup upped their target price on PulteGroup from $90.00 to $97.00 in a research report on Wednesday, July 26th. Three investment analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company. According to MarketBeat.com, PulteGroup presently has a consensus rating of “Moderate Buy” and an average target price of $86.27.

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, American West, and John Wieland Homes and Neighborhoods brand names.