Natixis Advisors LLC Acquires 10,283 Shares of PulteGroup, Inc. (NYSE:PHM)

Key Points

• Natixis Advisors LLC increased its stake in PulteGroup, Inc. by 6.9%, owning approximately 0.08% of the company, valued at $16.4 million.
• PulteGroup reported an EPS of $3.03 for the last quarter, surpassing analyst expectations, but its quarterly revenue declined by 4.3% year-over-year.
• Investment analysts are generally optimistic about PulteGroup, with a consensus rating of "Moderate Buy" and an average price target of $134.15 from various analysts.

Natixis Advisors LLC increased its holdings in PulteGroup, Inc. (NYSE:PHM - Free Report) by 6.9% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 159,846 shares of the construction company's stock after buying an additional 10,283 shares during the quarter. Natixis Advisors LLC owned 0.08% of PulteGroup worth $16,432,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Ameriflex Group Inc. purchased a new position in shares of PulteGroup in the fourth quarter worth approximately $37,000. TD Waterhouse Canada Inc. lifted its holdings in PulteGroup by 43.0% during the fourth quarter. TD Waterhouse Canada Inc. now owns 349 shares of the construction company's stock valued at $38,000 after purchasing an additional 105 shares in the last quarter. American National Bank & Trust purchased a new position in PulteGroup during the first quarter valued at approximately $39,000. Quarry LP purchased a new position in PulteGroup during the fourth quarter valued at approximately $43,000. Finally, Catalyst Capital Advisors LLC purchased a new position in PulteGroup during the first quarter valued at approximately $54,000. Hedge funds and other institutional investors own 89.90% of the company's stock.

PulteGroup Trading Up 1.5%

PHM stock traded up $1.78 during mid-day trading on Tuesday, reaching $121.14. 1,856,501 shares of the stock traded hands, compared to its average volume of 2,379,732. 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 one year low of $88.07 and a one year high of $149.47. The stock has a market capitalization of $23.90 billion, a PE ratio of 9.05, a PEG ratio of 0.35 and a beta of 1.22. The business has a 50-day moving average price of $107.35 and a two-hundred day moving average price of $105.14.

PulteGroup (NYSE:PHM - Get Free Report) last posted its quarterly earnings results 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 for the quarter, compared to analysts' expectations of $4.42 billion. PulteGroup had a net margin of 15.50% and a return on equity of 21.01%. The business's revenue for the quarter was down 4.3% on a year-over-year basis. During the same period in the prior year, the business posted $3.83 earnings per share. Equities research analysts expect that PulteGroup, Inc. will post 12.32 EPS for the current year.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on PHM. Wells Fargo & Company lifted their price target on shares of PulteGroup from $125.00 to $135.00 and gave the company an "overweight" rating in a report on Wednesday, July 23rd. Barclays reduced their price objective on shares of PulteGroup from $100.00 to $98.00 and set an "equal weight" rating on the stock in a research report on Wednesday, April 23rd. UBS Group lifted their price objective 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. JPMorgan Chase & Co. lifted their price objective on shares of PulteGroup from $121.00 to $123.00 and gave the company an "overweight" rating in a research report on Wednesday, July 23rd. Finally, Oppenheimer lifted their price objective on shares of PulteGroup from $132.00 to $140.00 and gave the company an "outperform" rating in a research report on Wednesday, July 23rd. Six research analysts have rated the stock with a hold rating, nine have given a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, PulteGroup currently has a consensus rating of "Moderate Buy" and a consensus target price of $134.15.

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.