PulteGroup, Inc. (NYSE:PHM) Shares Sold by New Age Alpha Advisors LLC

Key Points

• New Age Alpha Advisors LLC has decreased its stake in PulteGroup, Inc. by 22.1%, now holding 13,938 shares valued at approximately $1.43 million after selling off 3,952 shares.
• Several institutional investors, including Ruffer LLP and PNC Financial Services Group, have increased their stakes in PulteGroup, reflecting interest in the company's stock amidst fluctuating market conditions.
• PulteGroup recently reported earnings of $3.03 EPS for the quarter, exceeding estimates, but experienced a 4.3% decline in revenue year-over-year.

New Age Alpha Advisors LLC cut its stake in shares of PulteGroup, Inc. (NYSE:PHM - Free Report) by 22.1% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 13,938 shares of the construction company's stock after selling 3,952 shares during the period. New Age Alpha Advisors LLC's holdings in PulteGroup were worth $1,433,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also bought and sold shares of PHM. Merit Financial Group LLC increased its stake in PulteGroup by 20.5% during the first 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 during the last quarter. Vest Financial LLC increased its stake in PulteGroup by 1,311.3% during the first quarter. Vest Financial LLC now owns 312,723 shares of the construction company's stock worth $32,148,000 after acquiring an additional 290,564 shares during the last quarter. Hudson Capital Management LLC increased its stake in PulteGroup by 8.6% during the first quarter. Hudson Capital Management LLC now owns 41,305 shares of the construction company's stock worth $4,246,000 after acquiring an additional 3,266 shares during the last quarter. NBC Securities Inc. increased its stake in PulteGroup by 103,800.0% during the first quarter. NBC Securities Inc. now owns 5,195 shares of the construction company's stock worth $534,000 after acquiring an additional 5,190 shares during the last quarter. Finally, Reyes Financial Architecture Inc. increased its stake in PulteGroup by 42.1% during the first quarter. Reyes Financial Architecture Inc. now owns 770 shares of the construction company's stock worth $79,000 after acquiring an additional 228 shares during the last quarter. 89.90% of the stock is owned by institutional investors.

PulteGroup Trading Down 0.9%

Shares of PHM traded down $1.11 on Monday, hitting $120.53. 835,779 shares of the stock traded hands, compared to its average volume of 2,162,303. The company has a quick ratio of 0.77, a current ratio of 0.77 and a debt-to-equity ratio of 0.13. The firm has a market capitalization of $23.78 billion, a P/E ratio of 9.00, a P/E/G ratio of 0.36 and a beta of 1.22. The stock's 50 day moving average is $109.13 and its two-hundred day moving average is $105.26. PulteGroup, Inc. has a 1 year low of $88.07 and a 1 year high of $149.47.

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

Analyst Ratings Changes

Several brokerages have issued reports on PHM. Oppenheimer boosted their target price on PulteGroup from $132.00 to $140.00 and gave the company an "outperform" rating in a research report on Wednesday, July 23rd. Wedbush reiterated an "outperform" rating and issued a $135.00 price target on shares of PulteGroup in a report on Tuesday, April 22nd. 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. Raymond James Financial reaffirmed an "outperform" rating and set a $140.00 price target (up from $115.00) on shares of PulteGroup in a research report on Wednesday, July 23rd. Finally, Wells Fargo & Company upped their price target on PulteGroup from $125.00 to $135.00 and gave the stock an "overweight" rating in a research report on Wednesday, July 23rd. Six investment 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. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $134.15.

PulteGroup 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.