PulteGroup, Inc. $PHM Shares Acquired by Fuller & Thaler Asset Management Inc.

Key Points

• Fuller & Thaler Asset Management Inc. boosted its holdings in PulteGroup, Inc. by 18.5% in the first quarter, now owning 18,219 shares valued at approximately $1.87 million.
• Several institutional investors, including Korea Investment CORP and Aptus Capital Advisors LLC, significantly increased their stakes in PulteGroup during the same period.
• PulteGroup reported earnings of $3.03 per share for the last quarter, surpassing analysts' expectations despite a 4.3% decline in revenue year-over-year.

Fuller & Thaler Asset Management Inc. lifted its stake in shares of PulteGroup, Inc. (NYSE:PHM - Free Report) by 18.5% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 18,219 shares of the construction company's stock after buying an additional 2,839 shares during the quarter. Fuller & Thaler Asset Management Inc.'s holdings in PulteGroup were worth $1,873,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of the stock. Korea Investment CORP raised its position in PulteGroup by 31.1% in the 1st quarter. Korea Investment CORP now owns 240,826 shares of the construction company's stock valued at $24,757,000 after purchasing an additional 57,075 shares during the last quarter. Aptus Capital Advisors LLC raised its position in PulteGroup by 7.9% in the 1st quarter. Aptus Capital Advisors LLC now owns 134,627 shares of the construction company's stock valued at $13,840,000 after purchasing an additional 9,847 shares during the last quarter. Brooklyn Investment Group raised its position in PulteGroup by 48.2% in the 1st quarter. Brooklyn Investment Group now owns 1,803 shares of the construction company's stock valued at $185,000 after purchasing an additional 586 shares during the last quarter. FCG Investment Co raised its position in PulteGroup by 139.4% in the 1st quarter. FCG Investment Co now owns 8,083 shares of the construction company's stock valued at $831,000 after purchasing an additional 4,706 shares during the last quarter. Finally, Algert Global LLC purchased a new stake in PulteGroup in the 1st quarter valued at $303,000. Hedge funds and other institutional investors own 89.90% of the company's stock.

PulteGroup Stock Performance

PHM traded down $0.24 during trading on Tuesday, hitting $132.04. The stock had a trading volume of 289,030 shares, compared to its average volume of 2,163,159. 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 capitalization of $26.05 billion, a P/E ratio of 9.86, a PEG ratio of 0.39 and a beta of 1.22. The company's 50-day moving average price is $114.90 and its 200 day moving average price is $106.42. PulteGroup, Inc. has a twelve month low of $88.07 and a twelve month 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. 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 in the prior year, the company posted $3.83 EPS. The business's revenue for the quarter was down 4.3% on a year-over-year basis. On average, equities research analysts forecast that PulteGroup, Inc. will post 12.32 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several analysts recently commented on PHM shares. Seaport Res Ptn upgraded shares of PulteGroup from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, July 22nd. Royal Bank Of Canada boosted their price objective on shares of PulteGroup from $109.00 to $112.00 and gave the company a "sector perform" rating in a research note on Wednesday, July 23rd. JPMorgan Chase & Co. boosted their price objective on shares of PulteGroup from $121.00 to $123.00 and gave the company an "overweight" rating in a research note on Wednesday, July 23rd. Citigroup boosted their price objective on shares of PulteGroup from $128.00 to $132.00 and gave the company a "neutral" rating in a research note on Wednesday, July 23rd. Finally, Wells Fargo & Company boosted their price objective on shares of PulteGroup from $125.00 to $135.00 and gave the company an "overweight" rating in a research note on Wednesday, July 23rd. One investment analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and four have issued a Hold rating to the company's stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $135.31.

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.