Menard Financial Group LLC Boosts Holdings in PulteGroup, Inc. (NYSE:PHM)

Key Points

• Menard Financial Group LLC has significantly increased its stake in PulteGroup, buying an additional 5,132 shares, resulting in a 9,503.7% increase in ownership during the first quarter.
• PulteGroup's latest earnings report showed an EPS of $3.03, surpassing analysts' expectations, although revenue declined by 4.3% year-over-year.
• Analysts maintain a "Moderate Buy" consensus rating on PulteGroup, with target prices ranging from $98.00 to $150.00, highlighting a generally positive outlook on the stock.

Menard Financial Group LLC lifted its holdings in shares of PulteGroup, Inc. (NYSE:PHM - Free Report) by 9,503.7% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 5,186 shares of the construction company's stock after acquiring an additional 5,132 shares during the period. Menard Financial Group LLC's holdings in PulteGroup were worth $523,000 at the end of the most recent reporting period.

Several other hedge funds have also recently modified their holdings of PHM. Merit Financial Group LLC lifted its holdings 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 acquiring an additional 2,613 shares during the period. Vest Financial LLC lifted its holdings in PulteGroup by 1,311.3% in the first quarter. Vest Financial LLC now owns 312,723 shares of the construction company's stock valued at $32,148,000 after acquiring an additional 290,564 shares during the period. Hudson Capital Management LLC lifted its holdings in PulteGroup by 8.6% in the first quarter. Hudson Capital Management LLC now owns 41,305 shares of the construction company's stock valued at $4,246,000 after acquiring an additional 3,266 shares during the period. NBC Securities Inc. lifted its holdings in PulteGroup by 103,800.0% in the first quarter. NBC Securities Inc. now owns 5,195 shares of the construction company's stock valued at $534,000 after acquiring an additional 5,190 shares during the period. Finally, Reyes Financial Architecture Inc. lifted its holdings in PulteGroup by 42.1% in the first quarter. Reyes Financial Architecture Inc. now owns 770 shares of the construction company's stock valued at $79,000 after acquiring an additional 228 shares during the period. 89.90% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on the company. Seaport Res Ptn raised PulteGroup from a "hold" rating to a "strong-buy" rating in a report on Tuesday, July 22nd. UBS Group raised their target price on PulteGroup from $141.00 to $150.00 and gave the company a "buy" rating in a report on Wednesday, July 23rd. Citigroup raised their target price on PulteGroup from $128.00 to $132.00 and gave the company a "neutral" rating in a report on Wednesday, July 23rd. Oppenheimer raised their target price on PulteGroup from $132.00 to $140.00 and gave the company an "outperform" rating in a report on Wednesday, July 23rd. Finally, JPMorgan Chase & Co. lifted 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. Six analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $134.15.

PulteGroup Price Performance

PulteGroup stock traded up $3.83 during midday trading on Friday, reaching $116.75. 2,028,856 shares of the company were exchanged, compared to its average volume of 2,265,515. The company has a market capitalization of $23.03 billion, a price-to-earnings ratio of 8.73, a P/E/G ratio of 0.33 and a beta of 1.22. The firm's 50-day simple moving average is $106.92 and its 200-day simple moving average is $105.28. PulteGroup, Inc. has a 1 year low of $88.07 and a 1 year high of $149.47. The company has a debt-to-equity ratio of 0.13, a quick ratio of 0.77 and a current ratio of 0.77.

PulteGroup (NYSE:PHM - Get Free Report) last posted 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. The firm had revenue of $4.40 billion during the quarter, compared to analysts' expectations of $4.42 billion. PulteGroup had a return on equity of 21.01% and a net margin of 15.50%. The firm's quarterly revenue was down 4.3% compared to the same quarter last year. During the same quarter last year, the business posted $3.83 EPS. On average, analysts anticipate 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.