Avantax Advisory Services Inc. Sells 4,226 Shares of PulteGroup, Inc. (NYSE:PHM)

Avantax Advisory Services Inc. reduced its position in PulteGroup, Inc. (NYSE:PHM - Free Report) by 35.5% in the 1st quarter, according to its most recent filing with the SEC. The fund owned 7,667 shares of the construction company's stock after selling 4,226 shares during the period. Avantax Advisory Services Inc.'s holdings in PulteGroup were worth $788,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. Northern Trust Corp increased its position in PulteGroup by 14.9% during the 4th quarter. Northern Trust Corp now owns 2,425,941 shares of the construction company's stock worth $264,185,000 after purchasing an additional 315,148 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in PulteGroup by 9.1% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 2,033,776 shares of the construction company's stock worth $221,478,000 after purchasing an additional 169,736 shares during the last quarter. Deutsche Bank AG boosted its position in PulteGroup by 14.3% during the fourth quarter. Deutsche Bank AG now owns 1,859,029 shares of the construction company's stock worth $202,448,000 after purchasing an additional 232,939 shares in the last quarter. AQR Capital Management LLC boosted its position in shares of PulteGroup by 9.6% in the 4th quarter. AQR Capital Management LLC now owns 1,459,297 shares of the construction company's stock worth $158,917,000 after buying an additional 127,283 shares in the last quarter. Finally, Victory Capital Management Inc. grew its position in shares of PulteGroup by 25.6% in the first quarter. Victory Capital Management Inc. now owns 1,397,409 shares of the construction company's stock valued at $143,654,000 after purchasing an additional 284,627 shares during the last quarter. 89.90% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several analysts have recently issued reports on PHM shares. Raymond James Financial restated an "outperform" rating and issued a $140.00 price objective (up from $115.00) on shares of PulteGroup in a research report on Wednesday, July 23rd. Royal Bank Of Canada upped their target price on PulteGroup from $109.00 to $112.00 and gave the company a "sector perform" rating in a research note on Wednesday, July 23rd. Evercore ISI upped their price objective on PulteGroup from $161.00 to $165.00 and gave the stock an "outperform" rating in a report on Wednesday, April 23rd. Wedbush restated an "outperform" rating and issued a $135.00 price target on shares of PulteGroup in a report on Tuesday, April 22nd. Finally, Wells Fargo & Company increased their target price on PulteGroup from $125.00 to $135.00 and gave the company an "overweight" rating in a research note on Wednesday, July 23rd. Six investment analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $134.15.

PulteGroup Stock Performance

Shares of NYSE PHM traded down $0.80 during trading hours on Wednesday, reaching $120.22. The stock had a trading volume of 1,654,773 shares, compared to its average volume of 2,179,931. PulteGroup, Inc. has a twelve month low of $88.07 and a twelve month high of $149.47. The company has a debt-to-equity ratio of 0.13, a current ratio of 0.77 and a quick ratio of 0.77. The business's fifty day moving average is $107.76 and its two-hundred day moving average is $105.25. The company has a market cap of $23.72 billion, a price-to-earnings ratio of 8.99, a PEG ratio of 0.35 and a beta of 1.22.

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

PulteGroup 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.