Aptus Capital Advisors LLC Increases Stock Position in PulteGroup, Inc. $PHM

Key Points

• Aptus Capital Advisors LLC increased its stake in PulteGroup, Inc. by 7.9%, owning a total of 134,627 shares valued at approximately $13.84 million.
• PulteGroup reported $3.03 EPS for the quarter, exceeding analysts' expectations, although its revenue of $4.40 billion was down 4.3% year-over-year.
• The stock has a consensus rating of "Moderate Buy" with an average price target of $135.31, according to recent analyses.

Aptus Capital Advisors LLC boosted its position in shares of PulteGroup, Inc. (NYSE:PHM - Free Report) by 7.9% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The firm owned 134,627 shares of the construction company's stock after buying an additional 9,847 shares during the quarter. Aptus Capital Advisors LLC owned approximately 0.07% of PulteGroup worth $13,840,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Ameriflex Group Inc. purchased a new stake in PulteGroup in the 4th quarter worth $37,000. TD Waterhouse Canada Inc. increased its stake in shares of PulteGroup by 43.0% during the fourth quarter. TD Waterhouse Canada Inc. now owns 349 shares of the construction company's stock worth $38,000 after purchasing an additional 105 shares in the last quarter. American National Bank & Trust purchased a new stake in shares of PulteGroup during the first quarter worth about $39,000. Quarry LP acquired a new position in shares of PulteGroup during the 4th quarter worth about $43,000. Finally, Catalyst Capital Advisors LLC purchased a new position in PulteGroup in the 1st quarter valued at about $54,000. Hedge funds and other institutional investors own 89.90% of the company's stock.

PulteGroup Stock Down 0.3%

PHM stock opened at $128.33 on Tuesday. PulteGroup, Inc. has a one year low of $88.07 and a one year high of $149.47. The firm has a market cap of $25.32 billion, a PE ratio of 9.59, a PEG ratio of 0.38 and a beta of 1.22. The firm's 50 day moving average price is $112.30 and its 200-day moving average price is $105.73. The company has a debt-to-equity ratio of 0.13, a quick ratio of 0.77 and a current ratio of 0.77.

PulteGroup (NYSE:PHM - Get Free Report) last posted its earnings results on Tuesday, July 22nd. The construction company reported $3.03 EPS for the quarter, beating analysts' consensus estimates of $2.92 by $0.11. The company had revenue of $4.40 billion for the quarter, compared to the consensus estimate of $4.42 billion. PulteGroup had a return on equity of 21.01% and a net margin of 15.50%. The company's revenue for the quarter was down 4.3% on a year-over-year basis. During the same quarter in the previous year, the business earned $3.83 earnings per share. On average, equities research analysts anticipate that PulteGroup, Inc. will post 12.32 EPS for the current year.

Analyst Ratings Changes

PHM has been the subject of several research reports. Evercore ISI increased their target price on PulteGroup from $161.00 to $165.00 and gave the company an "outperform" rating in a report on Wednesday, April 23rd. Barclays reduced their price objective on PulteGroup from $100.00 to $98.00 and set an "equal weight" rating for the company in a research note on Wednesday, April 23rd. UBS Group lifted their target price on shares of PulteGroup from $141.00 to $150.00 and gave the stock a "buy" rating in a research note on Wednesday, July 23rd. JPMorgan Chase & Co. increased their target price on shares of PulteGroup from $121.00 to $123.00 and gave the company an "overweight" rating in a research report on Wednesday, July 23rd. Finally, Royal Bank Of Canada boosted their price target on shares of PulteGroup from $109.00 to $112.00 and gave the stock a "sector perform" rating in a research report on Wednesday, July 23rd. Five equities research analysts have rated the stock with a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, PulteGroup has a consensus rating of "Moderate Buy" and an average price target of $135.31.

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

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