Dimensional Fund Advisors LP Has $385.24 Million Stock Position in PulteGroup, Inc. $PHM

Key Points

• Dimensional Fund Advisors LP has decreased its stake in PulteGroup, Inc. by 8.6%, owning 3,748,026 shares after selling 351,351 shares in the first quarter.
• The company reported $3.03 EPS for the latest quarter, beating analysts' expectations, although revenue decreased by 4.3% compared to the same period last year.
• Analysts have mixed ratings for PulteGroup, with five analysts holding a hold rating, while others have issued buy ratings and the average price target remains at $135.31.

Dimensional Fund Advisors LP cut its holdings in PulteGroup, Inc. (NYSE:PHM - Free Report) by 8.6% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 3,748,026 shares of the construction company's stock after selling 351,351 shares during the quarter. Dimensional Fund Advisors LP owned about 1.87% of PulteGroup worth $385,244,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of the business. Nuveen LLC bought a new stake in shares of PulteGroup in the first quarter valued at about $213,092,000. Pacer Advisors Inc. increased its holdings in shares of PulteGroup by 2,586.8% during the first quarter. Pacer Advisors Inc. now owns 1,166,902 shares of the construction company's stock worth $119,958,000 after buying an additional 1,123,471 shares in the last quarter. JPMorgan Chase & Co. increased its holdings in shares of PulteGroup by 40.3% during the first quarter. JPMorgan Chase & Co. now owns 3,486,330 shares of the construction company's stock worth $358,395,000 after buying an additional 1,001,290 shares in the last quarter. AustralianSuper Pty Ltd increased its holdings in shares of PulteGroup by 219.2% during the first quarter. AustralianSuper Pty Ltd now owns 1,039,107 shares of the construction company's stock worth $106,820,000 after buying an additional 713,534 shares in the last quarter. Finally, Man Group plc increased its holdings in shares of PulteGroup by 136.8% during the fourth quarter. Man Group plc now owns 988,963 shares of the construction company's stock worth $107,698,000 after buying an additional 571,251 shares in the last quarter. 89.90% of the stock is currently owned by institutional investors.

PulteGroup Stock Up 1.7%

NYSE:PHM traded up $2.1880 on Tuesday, hitting $130.3980. 1,816,670 shares of the company's stock were exchanged, compared to its average volume of 2,169,905. The firm has a 50-day moving average price of $112.80 and a 200-day moving average price of $105.90. 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 52 week low of $88.07 and a 52 week high of $149.47. The company has a market cap of $25.73 billion, a P/E ratio of 9.75, a price-to-earnings-growth ratio of 0.38 and a beta of 1.22.

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

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on the stock. Wedbush reissued an "outperform" rating and issued a $150.00 price target on shares of PulteGroup in a report on Wednesday, August 13th. Wells Fargo & Company lifted their price target on shares of PulteGroup from $125.00 to $135.00 and gave the stock an "overweight" rating in a research report on Wednesday, July 23rd. Evercore ISI lifted their price target on shares of PulteGroup from $161.00 to $165.00 and gave the stock an "outperform" rating in a research report on Wednesday, April 23rd. Citigroup lifted their price target on shares of PulteGroup from $128.00 to $132.00 and gave the stock a "neutral" rating in a research report on Wednesday, July 23rd. Finally, UBS Group lifted their price target on shares of PulteGroup from $141.00 to $150.00 and gave the stock a "buy" rating in a research report on Wednesday, July 23rd. One equities research analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and four have issued a Hold rating to the company's stock. According to MarketBeat.com, PulteGroup currently has a consensus rating of "Moderate Buy" and an average target price of $135.31.

About PulteGroup

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.