Fjarde AP Fonden Fourth Swedish National Pension Fund Has $4.39 Million Stock Position in PulteGroup, Inc. (NYSE:PHM)

Key Points

• The Fjarde AP Fonden Fourth Swedish National Pension Fund increased its stake in PulteGroup, purchasing an additional 2,100 shares and raising its total holding to 42,707 shares valued at approximately $4.39 million.
• PulteGroup recently reported a quarterly EPS of $3.03, exceeding analysts' expectations, although its revenue declined by 4.3% year-over-year to $4.40 billion.
• Analysts have set new price targets for PulteGroup, with JPMorgan raising its target to $123 and Oppenheimer to $140, reflecting a generally positive outlook for the stock.

Fjarde AP Fonden Fourth Swedish National Pension Fund boosted its holdings in shares of PulteGroup, Inc. (NYSE:PHM - Free Report) by 5.2% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 42,707 shares of the construction company's stock after buying an additional 2,100 shares during the period. Fjarde AP Fonden Fourth Swedish National Pension Fund's holdings in PulteGroup were worth $4,390,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Merit Financial Group LLC grew its stake in PulteGroup by 20.5% in the first quarter. Merit Financial Group LLC now owns 15,388 shares of the construction company's stock valued at $1,582,000 after purchasing an additional 2,613 shares in the last quarter. Vest Financial LLC boosted its stake in shares of 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 acquiring an additional 290,564 shares in the last quarter. Hudson Capital Management LLC boosted its stake in shares of 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 acquiring an additional 3,266 shares in the last quarter. NBC Securities Inc. boosted its stake in shares of 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 acquiring an additional 5,190 shares in the last quarter. Finally, Reyes Financial Architecture Inc. boosted its stake in shares of 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 acquiring an additional 228 shares in the last quarter. Hedge funds and other institutional investors own 89.90% of the company's stock.

PulteGroup Price Performance

Shares of PHM stock opened at $128.82 on Friday. The stock has a 50 day moving average of $111.76 and a two-hundred day moving average of $105.71. The company has a current ratio of 0.77, a quick ratio of 0.77 and a debt-to-equity ratio of 0.13. PulteGroup, Inc. has a 12 month low of $88.07 and a 12 month high of $149.47. The company has a market capitalization of $25.42 billion, a P/E ratio of 9.63, a P/E/G ratio of 0.38 and a beta of 1.22.

PulteGroup (NYSE:PHM - Get Free Report) last announced its quarterly earnings data 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 company had revenue of $4.40 billion during the quarter, compared to the consensus estimate of $4.42 billion. During the same quarter last year, the company earned $3.83 EPS. The company's quarterly revenue was down 4.3% on a year-over-year basis. As a group, equities analysts expect that PulteGroup, Inc. will post 12.32 EPS for the current year.

Analysts Set New Price Targets

PHM has been the subject of several recent analyst reports. JPMorgan Chase & Co. upped their price target on PulteGroup from $121.00 to $123.00 and gave the stock an "overweight" rating in a research note on Wednesday, July 23rd. Barclays decreased their price target on PulteGroup from $100.00 to $98.00 and set an "equal weight" rating for the company in a research note on Wednesday, April 23rd. Raymond James Financial restated an "outperform" rating and set a $140.00 target price (up previously from $115.00) on shares of PulteGroup in a research note on Wednesday, July 23rd. Oppenheimer increased their target price on PulteGroup from $132.00 to $140.00 and gave the company an "outperform" rating in a research note on Wednesday, July 23rd. Finally, Wedbush restated an "outperform" rating and set a $150.00 target price on shares of PulteGroup in a research note on Wednesday. Five investment analysts have rated the stock with a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, PulteGroup presently has a consensus rating of "Moderate Buy" and an average target price of $135.31.

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.

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