B. Metzler seel. Sohn & Co. AG Decreases Stake in PulteGroup, Inc. $PHM

Key Points

• B. Metzler seel. Sohn & Co. AG reduced its stake in PulteGroup by 21.5%, leaving it with 12,653 shares valued at approximately $1.3 million.
• Several hedge funds have recently increased their holdings in PulteGroup, with the company now 89.90% owned by institutional investors.
• Analysts have raised their price targets for PulteGroup, with estimates ranging from $123.00 to $150.00, indicating a generally positive outlook on the stock.

B. Metzler seel. Sohn & Co. AG decreased its holdings in shares of PulteGroup, Inc. (NYSE:PHM - Free Report) by 21.5% during the first quarter, according to its most recent filing with the SEC. The firm owned 12,653 shares of the construction company's stock after selling 3,469 shares during the period. B. Metzler seel. Sohn & Co. AG's holdings in PulteGroup were worth $1,301,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in the business. Tocqueville Asset Management L.P. lifted its position in PulteGroup by 2.0% during the first quarter. Tocqueville Asset Management L.P. now owns 5,062 shares of the construction company's stock valued at $520,000 after acquiring an additional 100 shares during the last quarter. NDVR Inc. lifted its holdings in shares of PulteGroup by 6.0% during the 4th quarter. NDVR Inc. now owns 1,984 shares of the construction company's stock valued at $216,000 after purchasing an additional 112 shares during the last quarter. Golden State Wealth Management LLC boosted its position in shares of PulteGroup by 15.9% in the 1st quarter. Golden State Wealth Management LLC now owns 909 shares of the construction company's stock worth $93,000 after purchasing an additional 125 shares in the last quarter. Signaturefd LLC grew its stake in PulteGroup by 1.9% during the 1st quarter. Signaturefd LLC now owns 6,644 shares of the construction company's stock worth $683,000 after buying an additional 127 shares during the last quarter. Finally, McGlone Suttner Wealth Management Inc. increased its position in PulteGroup by 6.3% during the 1st quarter. McGlone Suttner Wealth Management Inc. now owns 2,234 shares of the construction company's stock valued at $230,000 after buying an additional 133 shares in the last quarter. Hedge funds and other institutional investors own 89.90% of the company's stock.

Analyst Upgrades and Downgrades

PHM has been the topic of a number of research analyst reports. Seaport Res Ptn upgraded PulteGroup from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, July 22nd. Zacks Research raised shares of PulteGroup from a "strong sell" rating to a "hold" rating in a research report on Friday, August 29th. Citigroup raised their price target on shares of PulteGroup from $128.00 to $132.00 and gave the stock a "neutral" rating in a report on Wednesday, July 23rd. JPMorgan Chase & Co. lifted their price objective on shares of PulteGroup from $121.00 to $123.00 and gave the stock an "overweight" rating in a research note on Wednesday, July 23rd. Finally, Wedbush reiterated an "outperform" rating and set a $150.00 price objective on shares of PulteGroup in a research note on Wednesday, August 13th. One research analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and five have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $136.46.

PulteGroup Price Performance

NYSE PHM traded up $2.23 during trading hours on Wednesday, reaching $134.32. The company's stock had a trading volume of 885,873 shares, compared to its average volume of 2,148,363. The company has a debt-to-equity ratio of 0.13, a current ratio of 0.77 and a quick ratio of 0.77. PulteGroup, Inc. has a 1-year low of $88.07 and a 1-year high of $149.47. The company's 50-day moving average is $118.53 and its two-hundred day moving average is $107.46. The firm has a market capitalization of $26.50 billion, a price-to-earnings ratio of 10.04, a P/E/G ratio of 0.39 and a beta of 1.27.

PulteGroup (NYSE:PHM - Get Free Report) last released its quarterly earnings results on Tuesday, July 22nd. The construction company reported $3.03 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.92 by $0.11. The firm 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% compared to the same quarter last year. During the same quarter last year, the company earned $3.83 EPS. On average, equities analysts predict 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.