Fiduciary Family Office LLC Buys Shares of 10,008 PulteGroup, Inc. (NYSE:PHM)

Key Points

• Fiduciary Family Office LLC has invested approximately $1.03 million in PulteGroup by acquiring 10,008 shares, as reported in their recent Form 13F filing.
• PulteGroup's institutional ownership stands at 89.90%, with notable investors like JPMorgan Chase & Co. increasing their stake by 40.3% in Q1.
• The stock has received various analyst upgrades, with Citigroup raising the target price to $132.00 and a consensus rating of "Moderate Buy" across multiple analysts.

Fiduciary Family Office LLC acquired a new position in PulteGroup, Inc. (NYSE:PHM - Free Report) in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 10,008 shares of the construction company's stock, valued at approximately $1,029,000.

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

Analysts Set New Price Targets

PHM has been the topic of several recent analyst reports. Barclays lowered their target price on shares of PulteGroup from $100.00 to $98.00 and set an "equal weight" rating on the stock in a research note on Wednesday, April 23rd. Evercore ISI increased their price target on shares of PulteGroup from $161.00 to $165.00 and gave the company an "outperform" rating in a research note on Wednesday, April 23rd. Raymond James Financial reissued an "outperform" rating and issued a $140.00 price target (up previously from $115.00) on shares of PulteGroup in a research note on Wednesday, July 23rd. Royal Bank Of Canada increased their price objective 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. Finally, Wedbush reaffirmed an "outperform" rating and set a $135.00 price objective on shares of PulteGroup in a research report on Tuesday, April 22nd. Six equities research analysts have rated the stock with a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, PulteGroup has a consensus rating of "Moderate Buy" and an average target price of $134.15.

PulteGroup Trading Down 1.2%

Shares of PulteGroup stock traded down $1.41 during trading hours on Monday, hitting $120.24. The company's stock had a trading volume of 1,630,897 shares, compared to its average volume of 2,160,772. PulteGroup, Inc. has a 1-year low of $88.07 and a 1-year high of $149.47. The business has a fifty day moving average of $109.59 and a 200 day moving average of $105.30. The company has a market capitalization of $23.72 billion, a PE ratio of 8.99, a P/E/G ratio of 0.36 and a beta of 1.22. The company has a quick ratio of 0.77, a current ratio of 0.77 and a debt-to-equity ratio of 0.13.

PulteGroup (NYSE:PHM - Get Free Report) last announced its quarterly earnings data on Tuesday, July 22nd. The construction company reported $3.03 earnings per share for the quarter, topping the consensus estimate of $2.92 by $0.11. The company had revenue of $4.40 billion during the quarter, compared to analyst estimates 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 period last year, the business earned $3.83 EPS. As a group, equities analysts forecast 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.