Aperio Group LLC Raises Stake in PulteGroup, Inc. (NYSE:PHM)

Aperio Group LLC boosted its position in PulteGroup, Inc. (NYSE:PHM) by 14.7% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 189,305 shares of the construction company’s stock after buying an additional 24,215 shares during the period. Aperio Group LLC owned 0.06% of PulteGroup worth $4,644,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in PHM. Trust Department MB Financial Bank N A bought a new position in PulteGroup during the first quarter worth approximately $129,000. IFP Advisors Inc raised its position in PulteGroup by 12.0% in the first quarter. IFP Advisors Inc now owns 5,959 shares of the construction company’s stock worth $140,000 after buying an additional 638 shares during the period. Northwestern Mutual Wealth Management Co. raised its position in PulteGroup by 12.4% in the first quarter. Northwestern Mutual Wealth Management Co. now owns 6,380 shares of the construction company’s stock worth $150,000 after buying an additional 702 shares during the period. Ameritas Investment Partners Inc. bought a new position in PulteGroup during the first quarter worth approximately $155,000. Finally, Acadian Asset Management LLC bought a new position in PulteGroup during the first quarter worth approximately $197,000. Institutional investors own 88.12% of the company’s stock.

PulteGroup, Inc. (NYSE PHM) traded down 0.63% on Friday, hitting $25.28. The stock had a trading volume of 3,649,662 shares. The stock’s 50-day moving average is $24.80 and its 200-day moving average is $23.43. PulteGroup, Inc. has a 52-week low of $17.69 and a 52-week high of $26.00. The company has a market cap of $7.63 billion, a P/E ratio of 13.99 and a beta of 1.14.

PulteGroup (NYSE:PHM) last posted its earnings results on Tuesday, July 25th. The construction company reported $0.47 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.45 by $0.02. PulteGroup had a net margin of 7.35% and a return on equity of 13.43%. The company had revenue of $2.02 billion during the quarter, compared to analyst estimates of $2.03 billion. During the same period in the prior year, the business posted $0.37 earnings per share. PulteGroup’s revenue for the quarter was up 12.3% on a year-over-year basis. Analysts expect that PulteGroup, Inc. will post $2.09 earnings per share for the current year.

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A number of research firms have commented on PHM. Barclays PLC lowered PulteGroup from an “overweight” rating to an “equal weight” rating and set a $24.00 price objective on the stock. in a research note on Tuesday, July 11th. They noted that the move was a valuation call. Mizuho downgraded PulteGroup from a “neutral” rating to an “underperform” rating and set a $22.00 target price on the stock. in a report on Monday, July 10th. Wedbush reaffirmed an “underperform” rating and issued a $15.00 target price on shares of PulteGroup in a report on Tuesday, April 25th. BidaskClub downgraded PulteGroup from a “strong-buy” rating to a “buy” rating in a report on Thursday, July 13th. Finally, Zacks Investment Research raised PulteGroup from a “hold” rating to a “buy” rating and set a $27.00 price objective on the stock in a report on Tuesday, July 4th. One analyst has rated the stock with a sell rating, nine have issued a hold rating, five have given a buy rating and one has assigned a strong buy rating to the company. The company presently has a consensus rating of “Hold” and an average target price of $25.08.

In related news, Director Brian P. Anderson sold 14,000 shares of the stock in a transaction dated Tuesday, June 6th. The shares were sold at an average price of $23.18, for a total value of $324,520.00. Following the completion of the transaction, the director now directly owns 108,744 shares of the company’s stock, valued at $2,520,685.92. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 0.71% of the stock is owned by corporate insiders.

About PulteGroup

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.

Institutional Ownership by Quarter for PulteGroup (NYSE:PHM)

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