Airain ltd Has $12.75 Million Position in PulteGroup, Inc. (PHM)
Airain ltd boosted its position in shares of PulteGroup, Inc. (NYSE:PHM) by 23.9% during the second quarter, according to its most recent filing with the SEC. The firm owned 519,614 shares of the construction company’s stock after buying an additional 100,110 shares during the period. Airain ltd owned about 0.17% of PulteGroup worth $12,746,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also recently bought and sold shares of the stock. BlackRock Inc. boosted its position in PulteGroup by 3,521.7% in the first quarter. BlackRock Inc. now owns 22,891,339 shares of the construction company’s stock worth $539,092,000 after buying an additional 22,259,277 shares during the period. Renaissance Technologies LLC purchased a new position in PulteGroup during the first quarter worth $92,466,000. Wedge Capital Management L L P NC purchased a new position in PulteGroup during the first quarter worth $59,083,000. State of New Jersey Common Pension Fund D purchased a new position in PulteGroup during the second quarter worth $29,436,000. Finally, Horseman Capital Management Ltd boosted its position in PulteGroup by 98.2% in the first quarter. Horseman Capital Management Ltd now owns 1,486,400 shares of the construction company’s stock worth $35,005,000 after buying an additional 736,400 shares during the period. Institutional investors and hedge funds own 88.12% of the company’s stock.
PulteGroup, Inc. (PHM) traded up 1.61% during mid-day trading on Friday, reaching $25.31. 3,184,484 shares of the company were exchanged. The stock has a market capitalization of $7.64 billion, a price-to-earnings ratio of 14.01 and a beta of 1.14. The stock’s 50-day moving average price is $24.88 and its 200-day moving average price is $23.57. PulteGroup, Inc. has a 1-year low of $17.69 and a 1-year high of $26.00.
PulteGroup (NYSE:PHM) last issued its earnings results on Tuesday, July 25th. The construction company reported $0.47 EPS for the quarter, topping the consensus estimate of $0.45 by $0.02. The company had revenue of $2.02 billion during the quarter, compared to analyst estimates of $2.03 billion. PulteGroup had a return on equity of 13.43% and a net margin of 7.35%. The business’s revenue was up 12.3% on a year-over-year basis. During the same quarter last year, the firm earned $0.37 EPS. On average, equities research analysts anticipate that PulteGroup, Inc. will post $2.09 EPS for the current fiscal year.
A number of research analysts have weighed in on PHM shares. Bank of America Corporation reiterated a “buy” rating and set a $30.00 price objective (up previously from $29.00) on shares of PulteGroup in a research report on Tuesday, June 27th. Credit Suisse Group started coverage on shares of PulteGroup in a research report on Thursday, June 22nd. They set an “outperform” rating and a $27.00 price objective on the stock. Zacks Investment Research upgraded shares of PulteGroup from a “hold” rating to a “buy” rating and set a $27.00 price objective on the stock in a research report on Tuesday, July 4th. Mizuho cut shares of PulteGroup from a “neutral” rating to an “underperform” rating and set a $22.00 price objective on the stock. in a research report on Monday, July 10th. Finally, BidaskClub upgraded shares of PulteGroup from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, June 14th. One analyst has rated the stock with a sell rating, nine have issued a hold rating, five have issued a buy rating and one has given a strong buy rating to the company. The company has a consensus rating of “Hold” and a consensus target price of $25.08.
In other news, Director Brian P. Anderson sold 14,000 shares of PulteGroup stock in a transaction that occurred on Tuesday, June 6th. The stock was sold at an average price of $23.18, for a total value of $324,520.00. Following the completion of the transaction, the director now owns 108,744 shares in the company, valued at approximately $2,520,685.92. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. 0.71% of the stock is currently owned by company insiders.
PulteGroup Company Profile
PulteGroup, Inc is a homebuilder in the United States. The Company’s segments include Homebuilding and Financial Services. Its Homebuilding operations are engaged in the acquisition and development of land primarily for residential purposes within the United States and the construction of housing on such land.
Want to see what other hedge funds are holding PHM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for PulteGroup, Inc. (NYSE:PHM).
Receive News & Stock Ratings for PulteGroup Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for PulteGroup Inc. and related stocks with our FREE daily email newsletter.