Geneos Wealth Management Inc. Has $2.28 Million Stock Position in PulteGroup, Inc. (NYSE:PHM)

Geneos Wealth Management Inc. cut its stake in shares of PulteGroup, Inc. (NYSE:PHM) by 3.4% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 20,944 shares of the construction company’s stock after selling 738 shares during the period. Geneos Wealth Management Inc.’s holdings in PulteGroup were worth $2,281,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently bought and sold shares of PHM. FMR LLC raised its stake in shares of PulteGroup by 102.3% during the 3rd quarter. FMR LLC now owns 9,040,828 shares of the construction company’s stock worth $1,297,630,000 after purchasing an additional 4,571,757 shares in the last quarter. Franklin Resources Inc. raised its position in PulteGroup by 5.5% during the third quarter. Franklin Resources Inc. now owns 11,254,274 shares of the construction company’s stock worth $1,647,364,000 after acquiring an additional 585,735 shares in the last quarter. Westfield Capital Management Co. LP acquired a new stake in PulteGroup in the third quarter valued at $66,485,000. Zurcher Kantonalbank Zurich Cantonalbank grew its position in shares of PulteGroup by 357.1% in the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 521,958 shares of the construction company’s stock valued at $74,917,000 after acquiring an additional 407,764 shares during the period. Finally, KBC Group NV increased its stake in shares of PulteGroup by 1,020.0% during the 3rd quarter. KBC Group NV now owns 435,925 shares of the construction company’s stock worth $62,568,000 after purchasing an additional 397,003 shares during the last quarter. 89.90% of the stock is currently owned by institutional investors.

PulteGroup Trading Down 0.7 %

Shares of PHM stock opened at $115.66 on Monday. The stock has a 50 day simple moving average of $119.02 and a 200 day simple moving average of $127.42. PulteGroup, Inc. has a 1 year low of $100.24 and a 1 year high of $149.47. 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 stock has a market cap of $23.72 billion, a P/E ratio of 8.53, a price-to-earnings-growth ratio of 0.46 and a beta of 1.67.

PulteGroup Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, January 3rd. Stockholders 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. 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%.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on PHM shares. Wells Fargo & Company cut their target price on shares of PulteGroup from $165.00 to $140.00 and set an “overweight” rating for the company in a research note on Tuesday, December 17th. The Goldman Sachs Group reduced their target price on PulteGroup from $140.00 to $124.00 and set a “neutral” rating for the company in a research note on Tuesday, January 14th. BTIG Research increased 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. Oppenheimer cut their price target on PulteGroup from $168.00 to $165.00 and set an “outperform” rating for the company in a report on Wednesday, October 23rd. Finally, Evercore ISI decreased their price objective on shares of PulteGroup from $198.00 to $195.00 and set an “outperform” rating on the stock in a report on Wednesday, October 23rd. Six investment 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.com, the company has an average rating of “Moderate Buy” and a consensus target price of $144.14.

About PulteGroup

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.