Pacer Advisors Inc. grew its position in shares of PulteGroup, Inc. (NYSE:PHM) by 43.8% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 75,120 shares of the construction company’s stock after buying an additional 22,886 shares during the period. Pacer Advisors Inc.’s holdings in PulteGroup were worth $2,556,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also recently modified their holdings of the company. Dynamic Technology Lab Private Ltd purchased a new position in shares of PulteGroup during the 1st quarter valued at $384,000. AXA lifted its holdings in PulteGroup by 13.5% during the 1st quarter. AXA now owns 1,065,100 shares of the construction company’s stock worth $23,773,000 after purchasing an additional 126,500 shares in the last quarter. BNP Paribas Arbitrage SA lifted its holdings in PulteGroup by 181.3% during the 1st quarter. BNP Paribas Arbitrage SA now owns 311,813 shares of the construction company’s stock worth $6,960,000 after purchasing an additional 200,962 shares in the last quarter. Regentatlantic Capital LLC lifted its holdings in PulteGroup by 66.0% during the 1st quarter. Regentatlantic Capital LLC now owns 90,431 shares of the construction company’s stock worth $2,018,000 after purchasing an additional 35,947 shares in the last quarter. Finally, Two Sigma Advisers LP lifted its holdings in PulteGroup by 19.4% during the 1st quarter. Two Sigma Advisers LP now owns 1,180,600 shares of the construction company’s stock worth $26,351,000 after purchasing an additional 191,800 shares in the last quarter. 84.95% of the stock is currently owned by hedge funds and other institutional investors.
Shares of PulteGroup stock opened at $43.60 on Friday. The company has a current ratio of 1.13, a quick ratio of 1.13 and a debt-to-equity ratio of 0.47. The firm has a market capitalization of $11.69 billion, a PE ratio of 10.79, a price-to-earnings-growth ratio of 1.12 and a beta of 1.34. The business’s 50-day moving average price is $36.09 and its 200-day moving average price is $34.65. PulteGroup, Inc. has a 12 month low of $17.12 and a 12 month high of $47.37.
PulteGroup (NYSE:PHM) last announced its quarterly earnings data on Thursday, July 23rd. The construction company reported $1.15 EPS for the quarter, beating the consensus estimate of $0.84 by $0.31. The firm had revenue of $2.59 billion for the quarter, compared to analyst estimates of $2.53 billion. PulteGroup had a return on equity of 20.10% and a net margin of 10.94%. The company’s revenue was up 3.8% on a year-over-year basis. During the same period in the prior year, the company earned $0.86 EPS. As a group, analysts predict that PulteGroup, Inc. will post 4.14 earnings per share for the current fiscal year.
PHM has been the topic of a number of recent research reports. Wells Fargo & Co raised PulteGroup from an “equal weight” rating to an “overweight” rating and increased their price objective for the stock from $40.00 to $49.00 in a report on Monday, July 27th. TheStreet upgraded PulteGroup from a “c+” rating to a “b-” rating in a research note on Tuesday, June 2nd. Royal Bank of Canada restated a “hold” rating on shares of PulteGroup in a research note on Thursday. Zacks Investment Research upgraded PulteGroup from a “hold” rating to a “strong-buy” rating and set a $46.00 target price on the stock in a research note on Tuesday, July 28th. Finally, Credit Suisse Group upped their target price on PulteGroup from $38.00 to $45.00 and gave the stock a “neutral” rating in a research note on Friday, July 24th. One analyst has rated the stock with a sell rating, nine have issued a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the stock. The stock has an average rating of “Hold” and an average target price of $42.76.
PulteGroup, Inc, through its subsidiaries, primarily engages in the homebuilding business in the United States. The company acquires and develops land primarily for residential purposes; and constructs housing on such land. It offers various home designs, including single-family detached, townhouses, condominiums, and duplexes under the Centex, Pulte Homes, Del Webb, DiVosta Homes, and John Wieland Homes and Neighborhoods brand names.
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