PulteGroup, Inc. (NYSE:PHM) Position Lifted by Foster & Motley Inc.

Key Points

• Foster & Motley Inc. has increased its position in PulteGroup, Inc. by 5.9% in Q1, now owning 75,750 shares valued at approximately $7.79 million.
• PulteGroup reported earnings of $3.03 per share for its last quarter, exceeding analysts' expectations while experiencing a 4.3% year-over-year decline in revenue.
• In the latest research ratings, multiple firms have given PulteGroup an "outperform" rating, with price targets ranging from $135.00 to $165.00, indicating strong investor interest.

Foster & Motley Inc. grew its stake in PulteGroup, Inc. (NYSE:PHM - Free Report) by 5.9% during the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 75,750 shares of the construction company's stock after purchasing an additional 4,198 shares during the quarter. Foster & Motley Inc.'s holdings in PulteGroup were worth $7,787,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Geode Capital Management LLC raised its stake in shares of PulteGroup by 1.3% in the fourth quarter. Geode Capital Management LLC now owns 5,120,878 shares of the construction company's stock valued at $556,465,000 after buying an additional 64,947 shares during the period. Northern Trust Corp grew its position in shares of PulteGroup by 14.9% in the fourth quarter. Northern Trust Corp now owns 2,425,941 shares of the construction company's stock valued at $264,185,000 after purchasing an additional 315,148 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its position in shares of PulteGroup by 9.1% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 2,033,776 shares of the construction company's stock valued at $221,478,000 after purchasing an additional 169,736 shares in the last quarter. Deutsche Bank AG grew its position in shares of PulteGroup by 14.3% in the fourth quarter. Deutsche Bank AG now owns 1,859,029 shares of the construction company's stock valued at $202,448,000 after purchasing an additional 232,939 shares in the last quarter. Finally, AQR Capital Management LLC grew its position in shares of PulteGroup by 9.6% in the fourth quarter. AQR Capital Management LLC now owns 1,459,297 shares of the construction company's stock valued at $158,917,000 after purchasing an additional 127,283 shares in the last quarter. Institutional investors own 89.90% of the company's stock.

Analysts Set New Price Targets

Several equities research analysts have issued reports on the company. Royal Bank Of Canada lifted their price target on PulteGroup from $109.00 to $112.00 and gave the stock a "sector perform" rating in a research note on Wednesday, July 23rd. Seaport Res Ptn upgraded PulteGroup from a "hold" rating to a "strong-buy" rating in a report on Tuesday, July 22nd. Barclays reduced their target price on PulteGroup from $100.00 to $98.00 and set an "equal weight" rating on the stock in a report on Wednesday, April 23rd. Evercore ISI upped their target price on PulteGroup from $161.00 to $165.00 and gave the stock an "outperform" rating in a report on Wednesday, April 23rd. Finally, Citigroup upped their target price on PulteGroup from $128.00 to $132.00 and gave the stock a "neutral" rating in a report on Wednesday, July 23rd. Six equities research analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $134.15.

PulteGroup Stock Up 3.4%

NYSE:PHM traded up $3.83 during midday trading on Friday, hitting $116.75. 2,028,856 shares of the company were exchanged, compared to its average volume of 2,265,515. 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 $23.03 billion, a PE ratio of 8.73, a price-to-earnings-growth ratio of 0.33 and a beta of 1.22. PulteGroup, Inc. has a fifty-two week low of $88.07 and a fifty-two week high of $149.47. The company has a fifty day simple moving average of $106.55 and a 200 day simple moving average of $105.25.

PulteGroup (NYSE:PHM - Get Free Report) last issued its quarterly earnings results on Tuesday, July 22nd. The construction company reported $3.03 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.92 by $0.11. The business had revenue of $4.40 billion for 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 business's revenue was down 4.3% compared to the same quarter last year. During the same period in the previous year, the business posted $3.83 earnings per share. As a group, equities analysts anticipate that PulteGroup, Inc. will post 12.32 earnings per share for the current fiscal 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.