Livforsakringsbolaget Skandia Omsesidigt acquired a new position in shares of PulteGroup, Inc. (NYSE:PHM - Free Report) during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 110,452 shares of the construction company's stock, valued at approximately $15,172,000. Livforsakringsbolaget Skandia Omsesidigt owned approximately 0.06% of PulteGroup as of its most recent SEC filing.
Other large investors also recently made changes to their positions in the company. Cedar Mountain Advisors LLC increased its holdings in PulteGroup by 1,650.0% during the first quarter. Cedar Mountain Advisors LLC now owns 210 shares of the construction company's stock worth $25,000 after buying an additional 198 shares during the last quarter. NFSG Corp bought a new position in shares of PulteGroup in the 1st quarter valued at about $29,000. HHM Wealth Advisors LLC grew its position in shares of PulteGroup by 158.5% in the 1st quarter. HHM Wealth Advisors LLC now owns 274 shares of the construction company's stock valued at $32,000 after acquiring an additional 168 shares during the period. DV Equities LLC acquired a new position in shares of PulteGroup during the 4th quarter worth about $32,000. Finally, Lloyd Advisory Services LLC. bought a new stake in shares of PulteGroup in the 4th quarter valued at about $33,000. Institutional investors and hedge funds own 89.90% of the company's stock.
Analyst Ratings Changes
Several brokerages recently issued reports on PHM. UBS Group reiterated a "buy" rating and issued a $166.00 target price on shares of PulteGroup in a research note on Thursday, July 23rd. Oppenheimer restated an "outperform" rating on shares of PulteGroup in a research note on Tuesday, May 26th. Wolfe Research set a $129.00 price objective on PulteGroup and gave the company an "outperform" rating in a research report on Monday. Barclays lifted their target price on PulteGroup from $123.00 to $124.00 and gave the stock an "equal weight" rating in a research note on Thursday, July 23rd. Finally, Citigroup reissued a "market outperform" rating on shares of PulteGroup in a report on Tuesday, August 18th. Thirteen research analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. Based on data from MarketBeat.com, PulteGroup has a consensus rating of "Moderate Buy" and an average price target of $142.20.
Check Out Our Latest Research Report on PulteGroup
PulteGroup Price Performance
Shares of NYSE PHM opened at $128.66 on Friday. The stock has a market capitalization of $24.12 billion, a PE ratio of 13.14, a P/E/G ratio of 1.57 and a beta of 1.19. The company has a debt-to-equity ratio of 0.14, a current ratio of 0.78 and a quick ratio of 0.78. The business has a fifty day moving average price of $129.52 and a two-hundred day moving average price of $125.61. PulteGroup, Inc. has a fifty-two week low of $108.49 and a fifty-two week high of $144.49.
PulteGroup (NYSE:PHM - Get Free Report) last released its earnings results on Wednesday, July 22nd. The construction company reported $2.48 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.36 by $0.12. The company had revenue of $3.98 billion for the quarter, compared to analyst estimates of $3.94 billion. PulteGroup had a return on equity of 15.21% and a net margin of 11.62%.PulteGroup's quarterly revenue was down 9.6% on a year-over-year basis. During the same period in the prior year, the firm posted $3.03 EPS. As a group, equities analysts predict that PulteGroup, Inc. will post 10.12 earnings per share for the current fiscal year.
About PulteGroup
(
Free Report)
PulteGroup, Inc NYSE: PHM is a U.S.-based residential homebuilder that designs, constructs and sells single-family homes and develops master-planned communities. The company operates multiple national and regional brands that target different buyer segments, including first-time buyers, move-up buyers and active-adult customers. Its operations encompass land acquisition and development, home design and construction, community amenities and ongoing customer service and warranty programs.
PulteGroup markets homes under several well-known brands, such as Pulte Homes, Centex and Del Webb, among others, offering a range of product types from entry-level detached homes to larger, higher-end residences and age-restricted active-adult communities.
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