PulteGroup, Inc. (NYSE:PHM) Shares Bought by Los Angeles Capital Management LLC

Los Angeles Capital Management LLC raised its position in PulteGroup, Inc. (NYSE:PHMGet Rating) by 375.0% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 555,877 shares of the construction company’s stock after buying an additional 438,859 shares during the period. Los Angeles Capital Management LLC’s holdings in PulteGroup were worth $23,291,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Johnson Financial Group Inc. acquired a new stake in PulteGroup in the 4th quarter worth about $30,000. Catalyst Capital Advisors LLC acquired a new stake in PulteGroup in the 4th quarter worth about $37,000. First Command Bank boosted its holdings in PulteGroup by 125.0% in the 1st quarter. First Command Bank now owns 900 shares of the construction company’s stock worth $38,000 after buying an additional 500 shares during the last quarter. Massmutual Trust Co. FSB ADV boosted its holdings in PulteGroup by 316.1% in the 1st quarter. Massmutual Trust Co. FSB ADV now owns 928 shares of the construction company’s stock worth $39,000 after buying an additional 705 shares during the last quarter. Finally, Tyler Stone Wealth Management acquired a new stake in PulteGroup in the 4th quarter worth about $49,000. 90.32% of the stock is currently owned by institutional investors and hedge funds.

PulteGroup Stock Down 0.6 %

Shares of NYSE:PHM opened at $42.38 on Friday. The business has a 50-day moving average price of $42.49 and a 200 day moving average price of $44.69. The company has a current ratio of 0.47, a quick ratio of 0.47 and a debt-to-equity ratio of 0.26. The company has a market capitalization of $9.81 billion, a price-to-earnings ratio of 4.71 and a beta of 1.32. PulteGroup, Inc. has a 12-month low of $35.03 and a 12-month high of $58.09.

PulteGroup (NYSE:PHMGet Rating) last issued its quarterly earnings data on Tuesday, July 26th. The construction company reported $2.73 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.59 by $0.14. The firm had revenue of $3.93 billion during the quarter, compared to the consensus estimate of $4.07 billion. PulteGroup had a return on equity of 29.81% and a net margin of 15.02%. The company’s quarterly revenue was up 16.9% on a year-over-year basis. During the same period last year, the company earned $1.72 EPS. Sell-side analysts expect that PulteGroup, Inc. will post 11.18 EPS for the current year.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on the company. JPMorgan Chase & Co. lowered their price objective on PulteGroup from $51.00 to $49.50 and set an “overweight” rating on the stock in a report on Tuesday, July 12th. Royal Bank of Canada lowered shares of PulteGroup from an “outperform” rating to a “sector perform” rating and decreased their target price for the stock from $56.00 to $41.00 in a research note on Wednesday, June 22nd. Barclays decreased their target price on shares of PulteGroup from $49.00 to $48.00 and set an “equal weight” rating on the stock in a research note on Thursday, July 14th. BTIG Research decreased their target price on shares of PulteGroup from $57.00 to $52.00 and set an “outperform” rating on the stock in a research note on Wednesday, July 27th. Finally, Bank of America lowered shares of PulteGroup from a “buy” rating to a “neutral” rating and raised their target price for the stock from $41.00 to $48.00 in a research note on Wednesday, July 27th. Five equities research analysts have rated the stock with a hold rating, seven have given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $51.21.

About PulteGroup

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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, American West, and John Wieland Homes and Neighborhoods brand names.

Further Reading

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Institutional Ownership by Quarter for PulteGroup (NYSE:PHM)

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