Federated Hermes Inc. Has $3.72 Million Stake in PulteGroup, Inc. (NYSE:PHM)

Federated Hermes Inc. lifted its holdings in PulteGroup, Inc. (NYSE:PHM - Free Report) by 15.2% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 36,230 shares of the construction company's stock after acquiring an additional 4,768 shares during the quarter. Federated Hermes Inc.'s holdings in PulteGroup were worth $3,724,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of PHM. Merit Financial Group LLC raised its stake in PulteGroup by 20.5% during the 1st quarter. Merit Financial Group LLC now owns 15,388 shares of the construction company's stock worth $1,582,000 after buying an additional 2,613 shares during the period. Vest Financial LLC raised its stake in PulteGroup by 1,311.3% during the 1st quarter. Vest Financial LLC now owns 312,723 shares of the construction company's stock worth $32,148,000 after buying an additional 290,564 shares during the period. Hudson Capital Management LLC raised its stake in PulteGroup by 8.6% during the 1st quarter. Hudson Capital Management LLC now owns 41,305 shares of the construction company's stock worth $4,246,000 after buying an additional 3,266 shares during the period. NBC Securities Inc. raised its stake in PulteGroup by 103,800.0% during the 1st quarter. NBC Securities Inc. now owns 5,195 shares of the construction company's stock worth $534,000 after buying an additional 5,190 shares during the period. Finally, Reyes Financial Architecture Inc. raised its stake in PulteGroup by 42.1% during the 1st quarter. Reyes Financial Architecture Inc. now owns 770 shares of the construction company's stock worth $79,000 after buying an additional 228 shares during the period. Institutional investors and hedge funds own 89.90% of the company's stock.

Wall Street Analysts Forecast Growth

Several analysts recently commented on PHM shares. Raymond James Financial reaffirmed an "outperform" rating and set a $140.00 price objective (up previously from $115.00) on shares of PulteGroup in a research note on Wednesday, July 23rd. Royal Bank Of Canada raised their price objective on PulteGroup from $109.00 to $112.00 and gave the stock a "sector perform" rating in a research note on Wednesday, July 23rd. JPMorgan Chase & Co. raised their price objective on PulteGroup from $121.00 to $123.00 and gave the stock an "overweight" rating in a research note on Wednesday, July 23rd. Barclays dropped their price objective on PulteGroup from $100.00 to $98.00 and set an "equal weight" rating on the stock in a research note on Wednesday, April 23rd. Finally, Evercore ISI lifted their price target on PulteGroup from $161.00 to $165.00 and gave the company an "outperform" rating in a research note on Wednesday, April 23rd. Six analysts have rated the stock with a hold rating, nine have issued a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $134.15.

PulteGroup Stock Up 1.5%

Shares of NYSE PHM traded up $1.78 during mid-day trading on Tuesday, hitting $121.14. The company had a trading volume of 1,856,501 shares, compared to its average volume of 2,379,732. The firm has a 50-day simple moving average of $107.35 and a two-hundred day simple moving average of $105.14. PulteGroup, Inc. has a one year low of $88.07 and a one year high of $149.47. The company has a current ratio of 0.77, a quick ratio of 0.77 and a debt-to-equity ratio of 0.13. The company has a market capitalization of $23.90 billion, a PE ratio of 9.05, a price-to-earnings-growth ratio of 0.35 and a beta of 1.22.

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

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.