Headlands Technologies LLC Has $140,000 Stake in PulteGroup, Inc. (NYSE:PHM)

Headlands Technologies LLC lessened its position in PulteGroup, Inc. (NYSE:PHM - Free Report) by 62.2% during the first quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 1,359 shares of the construction company's stock after selling 2,239 shares during the period. Headlands Technologies LLC's holdings in PulteGroup were worth $140,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of PHM. Northern Trust Corp raised its position in shares of PulteGroup by 14.9% during the fourth quarter. Northern Trust Corp now owns 2,425,941 shares of the construction company's stock worth $264,185,000 after purchasing an additional 315,148 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position in shares of PulteGroup by 9.1% during 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 purchasing an additional 169,736 shares during the period. Deutsche Bank AG grew its holdings in shares of PulteGroup by 14.3% during the fourth quarter. Deutsche Bank AG now owns 1,859,029 shares of the construction company's stock valued at $202,448,000 after buying an additional 232,939 shares in the last quarter. AQR Capital Management LLC grew its holdings in shares of PulteGroup by 9.6% during the fourth quarter. AQR Capital Management LLC now owns 1,459,297 shares of the construction company's stock valued at $158,917,000 after buying an additional 127,283 shares in the last quarter. Finally, Victory Capital Management Inc. grew its holdings in shares of PulteGroup by 25.6% during the first quarter. Victory Capital Management Inc. now owns 1,397,409 shares of the construction company's stock valued at $143,654,000 after buying an additional 284,627 shares in the last quarter. Institutional investors own 89.90% of the company's stock.

Analyst Upgrades and Downgrades

A number of research analysts have recently weighed in on PHM shares. UBS Group lifted their price target on PulteGroup from $141.00 to $150.00 and gave the company a "buy" rating in a report on Wednesday, July 23rd. Royal Bank Of Canada lifted their price target on PulteGroup from $109.00 to $112.00 and gave the company a "sector perform" rating in a report on Wednesday, July 23rd. Oppenheimer lifted their price target on PulteGroup from $132.00 to $140.00 and gave the company an "outperform" rating in a report on Wednesday, July 23rd. Barclays lowered their price target on PulteGroup from $100.00 to $98.00 and set an "equal weight" rating on the stock in a report on Wednesday, April 23rd. Finally, Evercore ISI lifted their price target on PulteGroup from $161.00 to $165.00 and gave the company an "outperform" rating in a report on Wednesday, April 23rd. Six equities research 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 company's stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $135.31.

PulteGroup Stock Performance

PulteGroup stock traded down $1.20 during midday trading on Thursday, reaching $128.76. 2,044,393 shares of the company's stock were exchanged, compared to its average volume of 2,173,091. PulteGroup, Inc. has a 52 week low of $88.07 and a 52 week 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. The firm 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 stock's 50-day simple moving average is $110.64 and its 200 day simple moving average is $105.59.

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 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%. PulteGroup's quarterly revenue was down 4.3% on a year-over-year basis. During the same quarter last year, the company posted $3.83 earnings per share. On average, analysts expect that PulteGroup, Inc. will post 12.32 earnings per share for the current fiscal year.

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.