PulteGroup, Inc. (NYSE:PHM) Shares Sold by Cetera Investment Advisers

Cetera Investment Advisers reduced its stake in shares of PulteGroup, Inc. (NYSE:PHM - Free Report) by 4.7% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 93,414 shares of the construction company's stock after selling 4,612 shares during the quarter. Cetera Investment Advisers' holdings in PulteGroup were worth $9,603,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the stock. Geode Capital Management LLC grew its holdings in PulteGroup by 1.3% in the fourth quarter. Geode Capital Management LLC now owns 5,120,878 shares of the construction company's stock valued at $556,465,000 after purchasing an additional 64,947 shares during the period. Northern Trust Corp boosted its stake in shares of PulteGroup by 14.9% in the fourth quarter. Northern Trust Corp now owns 2,425,941 shares of the construction company's stock worth $264,185,000 after acquiring an additional 315,148 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in shares of PulteGroup by 9.1% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 2,033,776 shares of the construction company's stock worth $221,478,000 after acquiring an additional 169,736 shares during the last quarter. Deutsche Bank AG boosted its stake in shares of PulteGroup by 14.3% in the fourth quarter. Deutsche Bank AG now owns 1,859,029 shares of the construction company's stock worth $202,448,000 after acquiring an additional 232,939 shares during the last quarter. Finally, AQR Capital Management LLC boosted its stake in shares of PulteGroup by 9.6% in the fourth quarter. AQR Capital Management LLC now owns 1,459,297 shares of the construction company's stock worth $158,917,000 after acquiring an additional 127,283 shares during the last quarter. 89.90% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on PHM. Oppenheimer lifted their price target on PulteGroup from $132.00 to $140.00 and gave the stock an "outperform" rating in a research note on Wednesday, July 23rd. UBS Group lifted their target price on 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 target price on PulteGroup from $121.00 to $123.00 and gave the company an "overweight" rating in a research report on Wednesday, July 23rd. Barclays reduced their target price on PulteGroup from $100.00 to $98.00 and set an "equal weight" rating on the stock in a research report on Wednesday, April 23rd. Finally, Seaport Res Ptn upgraded PulteGroup from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, July 22nd. Six research analysts have rated the stock with a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, PulteGroup currently has an average rating of "Moderate Buy" and a consensus target price of $134.15.

PulteGroup Stock Up 3.4%

NYSE PHM traded up $3.83 during trading hours on Friday, hitting $116.75. 2,028,856 shares of the company were exchanged, compared to its average volume of 2,265,515. The company has a 50 day moving average of $106.55 and a two-hundred day moving average of $105.25. The company has a quick ratio of 0.77, a current ratio of 0.77 and a debt-to-equity ratio of 0.13. PulteGroup, Inc. has a 52-week low of $88.07 and a 52-week high of $149.47. The firm has a market cap of $23.03 billion, a price-to-earnings ratio of 9.07, a PEG ratio of 0.33 and a beta of 1.22.

PulteGroup (NYSE:PHM - Get Free Report) last released its quarterly earnings data on Tuesday, July 22nd. The construction company reported $3.03 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.92 by $0.11. The business 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 business's quarterly revenue was down 4.3% compared to the same quarter last year. During the same period in the prior year, the firm posted $3.83 EPS. Equities research analysts anticipate that PulteGroup, Inc. will post 12.32 earnings per share for the current year.

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.