Aperio Group LLC increased its stake in PulteGroup, Inc. (NYSE:PHM) by 14.7% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 189,305 shares of the construction company’s stock after buying an additional 24,215 shares during the period. Aperio Group LLC owned approximately 0.06% of PulteGroup worth $4,644,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors also recently modified their holdings of PHM. Hartwell J M Limited Partnership raised its stake in PulteGroup by 4.3% in the second quarter. Hartwell J M Limited Partnership now owns 22,850 shares of the construction company’s stock worth $561,000 after buying an additional 950 shares in the last quarter. Commerce Bank purchased a new stake in PulteGroup during the first quarter worth $207,000. First Trust Advisors LP raised its stake in PulteGroup by 30.0% in the first quarter. First Trust Advisors LP now owns 1,264,856 shares of the construction company’s stock worth $29,787,000 after buying an additional 291,555 shares in the last quarter. LS Investment Advisors LLC increased its stake in shares of PulteGroup by 5.5% in the first quarter. LS Investment Advisors LLC now owns 15,663 shares of the construction company’s stock worth $369,000 after buying an additional 819 shares during the last quarter. Finally, Renaissance Technologies LLC bought a new stake in shares of PulteGroup during the first quarter worth about $92,466,000. Institutional investors and hedge funds own 92.52% of the company’s stock.
PulteGroup, Inc. (NYSE PHM) traded up 0.24% on Friday, reaching $24.84. 2,899,331 shares of the company’s stock traded hands. The stock has a market capitalization of $7.49 billion, a price-to-earnings ratio of 13.75 and a beta of 1.14. PulteGroup, Inc. has a 52 week low of $17.69 and a 52 week high of $25.74. The firm has a 50-day moving average price of $24.61 and a 200-day moving average price of $23.26. PulteGroup also was the target of unusually large options trading on Tuesday. Stock investors purchased 29,638 put options on the company. This is an increase of 1,131% compared to the typical volume of 2,408 put options.
PulteGroup (NYSE:PHM) last issued its earnings results on Tuesday, July 25th. The construction company reported $0.47 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.45 by $0.02. PulteGroup had a return on equity of 13.43% and a net margin of 7.35%. The business had revenue of $2.02 billion during the quarter, compared to the consensus estimate of $2.03 billion. During the same period last year, the company earned $0.37 EPS. The company’s revenue for the quarter was up 12.3% on a year-over-year basis. On average, analysts predict that PulteGroup, Inc. will post $2.09 earnings per share for the current year.
PHM has been the topic of a number of recent analyst reports. Zacks Investment Research downgraded shares of PulteGroup from a “buy” rating to a “hold” rating in a report on Monday, April 24th. Bank of America Corporation reaffirmed a “buy” rating and set a $30.00 price target (up previously from $29.00) on shares of PulteGroup in a report on Tuesday, June 27th. Credit Suisse Group assumed coverage on shares of PulteGroup in a report on Thursday, June 22nd. They set an “outperform” rating and a $27.00 price target on the stock. Mizuho downgraded shares of PulteGroup from a “neutral” rating to an “underperform” rating and set a $22.00 price target on the stock. in a report on Monday, July 10th. Finally, BidaskClub upgraded shares of PulteGroup from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, June 14th. One analyst has rated the stock with a sell rating, ten have assigned a hold rating and five have given a buy rating to the company’s stock. PulteGroup currently has an average rating of “Hold” and a consensus price target of $25.08.
In related news, Director Brian P. Anderson sold 14,000 shares of the firm’s stock in a transaction dated Tuesday, June 6th. The stock was sold at an average price of $23.18, for a total transaction of $324,520.00. Following the completion of the sale, the director now directly owns 108,744 shares of the company’s stock, valued at approximately $2,520,685.92. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.71% of the stock is owned by company insiders.
PulteGroup, Inc is a homebuilder in the United States. The Company’s segments include Homebuilding and Financial Services. Its Homebuilding operations are engaged in the acquisition and development of land primarily for residential purposes within the United States and the construction of housing on such land.
What are top analysts saying about PulteGroup Inc.? - Enter your email address in the form below to receive our free daily email newsletter that contains the latest headlines and analysts' recommendations for for PulteGroup Inc. and related companies.