Mizuho Securities USA LLC Sells 3,226 Shares of PulteGroup, Inc. (NYSE:PHM)

Key Points

• Mizuho Securities USA LLC sold 3,226 shares of PulteGroup, Inc., reducing its position by 16.6% and leaving it with 16,211 shares valued at $1.67 million.
• Several hedge funds have bought or increased their stakes in PulteGroup, indicating strong institutional interest, with 89.90% of stock held by institutional investors.
• Wall Street analysts have mixed views on PulteGroup, with targets ranging from $98.00 to $150.00, and a consensus rating of Moderate Buy.

Mizuho Securities USA LLC decreased its position in PulteGroup, Inc. (NYSE:PHM - Free Report) by 16.6% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 16,211 shares of the construction company's stock after selling 3,226 shares during the quarter. Mizuho Securities USA LLC's holdings in PulteGroup were worth $1,666,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Merit Financial Group LLC grew its stake in shares of PulteGroup by 20.5% in the 1st quarter. Merit Financial Group LLC now owns 15,388 shares of the construction company's stock worth $1,582,000 after acquiring an additional 2,613 shares in the last quarter. Vest Financial LLC grew its position in PulteGroup by 1,311.3% during the first quarter. Vest Financial LLC now owns 312,723 shares of the construction company's stock valued at $32,148,000 after buying an additional 290,564 shares during the period. Hudson Capital Management LLC grew its position in PulteGroup by 8.6% during the first quarter. Hudson Capital Management LLC now owns 41,305 shares of the construction company's stock valued at $4,246,000 after buying an additional 3,266 shares during the period. NBC Securities Inc. grew its position in PulteGroup by 103,800.0% during the first quarter. NBC Securities Inc. now owns 5,195 shares of the construction company's stock valued at $534,000 after buying an additional 5,190 shares during the period. Finally, Reyes Financial Architecture Inc. grew its position in PulteGroup by 42.1% during the first quarter. Reyes Financial Architecture Inc. now owns 770 shares of the construction company's stock valued at $79,000 after buying an additional 228 shares during the period. Institutional investors own 89.90% of the company's stock.

PulteGroup Price Performance

PHM traded down $1.20 on Thursday, reaching $128.76. The company had a trading volume of 2,489,578 shares, compared to its average volume of 2,177,821. The business has a 50 day simple moving average of $111.19 and a 200 day simple moving average of $105.67. The company has a market cap of $25.40 billion, a price-to-earnings ratio of 9.62, a P/E/G ratio of 0.36 and a beta of 1.22. 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, Inc. has a 52-week low of $88.07 and a 52-week high of $149.47.

PulteGroup (NYSE:PHM - Get Free Report) last issued its quarterly earnings results on Tuesday, July 22nd. The construction company reported $3.03 EPS for the quarter, beating analysts' consensus estimates of $2.92 by $0.11. PulteGroup had a net margin of 15.50% and a return on equity of 21.01%. The business had revenue of $4.40 billion for the quarter, compared to analysts' expectations of $4.42 billion. During the same period last year, the business earned $3.83 earnings per share. The business's quarterly revenue was down 4.3% on a year-over-year basis. As a group, sell-side analysts anticipate that PulteGroup, Inc. will post 12.32 EPS for the current year.

Analyst Ratings Changes

Several research firms recently weighed in on PHM. UBS Group increased their price target on shares of PulteGroup from $141.00 to $150.00 and gave the company a "buy" rating in a research report on Wednesday, July 23rd. Barclays cut their target price on shares of PulteGroup from $100.00 to $98.00 and set an "equal weight" rating for the company in a research report on Wednesday, April 23rd. Seaport Res Ptn upgraded shares of PulteGroup from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, July 22nd. Wedbush reiterated an "outperform" rating and set a $150.00 target price on shares of PulteGroup in a research report on Wednesday. Finally, Evercore ISI increased their price target on shares of PulteGroup from $161.00 to $165.00 and gave the stock an "outperform" rating in a report on Wednesday, April 23rd. Six equities research analysts have rated the stock with a hold rating, nine have given a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $135.31.

About PulteGroup

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.