Bayview Asset Management LLC Has $1.47 Million Stock Position in PulteGroup, Inc. $PHM

Bayview Asset Management LLC lifted its stake in PulteGroup, Inc. (NYSE:PHM) by 22.2% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 14,287 shares of the construction company’s stock after acquiring an additional 2,599 shares during the period. PulteGroup accounts for 0.6% of Bayview Asset Management LLC’s portfolio, making the stock its 7th largest position. Bayview Asset Management LLC’s holdings in PulteGroup were worth $1,469,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently made changes to their positions in PHM. JPMorgan Chase & Co. grew its stake in PulteGroup by 40.3% during the 1st quarter. JPMorgan Chase & Co. now owns 3,486,330 shares of the construction company’s stock worth $358,395,000 after buying an additional 1,001,290 shares during the last quarter. Ameriprise Financial Inc. grew its stake in PulteGroup by 11.8% during the 1st quarter. Ameriprise Financial Inc. now owns 2,570,022 shares of the construction company’s stock worth $264,216,000 after buying an additional 271,917 shares during the last quarter. Northern Trust Corp grew its stake in PulteGroup by 14.9% during the 4th quarter. Northern Trust Corp now owns 2,425,941 shares of the construction company’s stock worth $264,185,000 after buying an additional 315,148 shares during the last quarter. Nuveen LLC purchased a new position in PulteGroup during the 1st quarter worth $213,092,000. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its stake in PulteGroup by 9.1% during the 4th 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 buying an additional 169,736 shares during the last quarter. 89.90% of the stock is owned by institutional investors.

PulteGroup Stock Down 0.0%

PulteGroup stock opened at $131.11 on Thursday. 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 business’s 50-day simple moving average is $116.19 and its two-hundred day simple moving average is $106.76. The company has a market cap of $25.87 billion, a PE ratio of 9.80, a PEG ratio of 0.39 and a beta of 1.22. PulteGroup, Inc. has a fifty-two week low of $88.07 and a fifty-two week high of $149.47.

PulteGroup (NYSE:PHM) last issued its 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. PulteGroup had a return on equity of 21.01% and a net margin of 15.50%.The firm had revenue of $4.40 billion for the quarter, compared to the consensus estimate of $4.42 billion. During the same quarter in the prior year, the business earned $3.83 earnings per share. The company’s revenue was down 4.3% compared to the same quarter last year. Equities analysts anticipate that PulteGroup, Inc. will post 12.32 EPS for the current year.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on the company. Raymond James Financial restated an “outperform” rating and set a $140.00 target price (up from $115.00) on shares of PulteGroup in a research note on Wednesday, July 23rd. Seaport Res Ptn upgraded PulteGroup from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, July 22nd. Citigroup boosted their target price on PulteGroup from $128.00 to $132.00 and gave the stock a “neutral” rating in a research note on Wednesday, July 23rd. Wells Fargo & Company boosted their target price on PulteGroup from $125.00 to $135.00 and gave the stock an “overweight” rating in a research note on Wednesday, July 23rd. Finally, Royal Bank Of Canada boosted their price target on PulteGroup from $109.00 to $112.00 and gave the company a “sector perform” 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 given a Hold rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $135.31.

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.