KBC Group NV Boosts Stake in PulteGroup, Inc. (PHM)
KBC Group NV boosted its position in PulteGroup, Inc. (NYSE:PHM) by 3.9% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 142,149 shares of the construction company’s stock after buying an additional 5,295 shares during the period. KBC Group NV’s holdings in PulteGroup were worth $3,487,000 as of its most recent SEC filing.
Other institutional investors have also recently modified their holdings of the company. BNP Paribas Arbitrage SA raised its position in shares of PulteGroup by 130.1% in the second quarter. BNP Paribas Arbitrage SA now owns 604,899 shares of the construction company’s stock worth $14,838,000 after buying an additional 342,033 shares during the last quarter. State of Wisconsin Investment Board raised its position in shares of PulteGroup by 23.9% in the second quarter. State of Wisconsin Investment Board now owns 250,902 shares of the construction company’s stock worth $6,155,000 after buying an additional 48,460 shares during the last quarter. LMR Partners LLP raised its position in shares of PulteGroup by 342.3% in the second quarter. LMR Partners LLP now owns 55,775 shares of the construction company’s stock worth $1,368,000 after buying an additional 43,166 shares during the last quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp raised its position in shares of PulteGroup by 12.6% in the second quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 366,586 shares of the construction company’s stock worth $8,992,000 after buying an additional 41,000 shares during the last quarter. Finally, Rational Advisors LLC raised its position in shares of PulteGroup by 147.9% in the second quarter. Rational Advisors LLC now owns 25,711 shares of the construction company’s stock worth $631,000 after buying an additional 15,341 shares during the last quarter. 88.12% of the stock is currently owned by institutional investors.
PulteGroup, Inc. (NYSE PHM) opened at 25.31 on Friday. PulteGroup, Inc. has a 52 week low of $17.69 and a 52 week high of $26.00. The company has a market cap of $7.64 billion, a P/E ratio of 14.01 and a beta of 1.14. The firm has a 50-day moving average price of $24.88 and a 200-day moving average price of $23.57.
PulteGroup (NYSE:PHM) last released its quarterly earnings results on Tuesday, July 25th. The construction company reported $0.47 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.45 by $0.02. The company had revenue of $2.02 billion for the quarter, compared to analysts’ expectations of $2.03 billion. PulteGroup had a return on equity of 13.43% and a net margin of 7.35%. The business’s quarterly revenue was up 12.3% compared to the same quarter last year. During the same period in the previous year, the business posted $0.37 earnings per share. Equities research analysts anticipate that PulteGroup, Inc. will post $2.09 EPS for the current fiscal year.
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A number of brokerages have recently weighed in on PHM. BidaskClub raised PulteGroup from a “buy” rating to a “strong-buy” rating in a research report on Thursday, August 17th. Zacks Investment Research lowered PulteGroup from a “buy” rating to a “hold” rating in a research report on Friday, July 28th. Citigroup Inc. upped their target price on PulteGroup from $23.00 to $26.00 and gave the stock a “neutral” rating in a research report on Wednesday, July 26th. FBR & Co reaffirmed an “outperform” rating and set a $28.00 target price (up from $26.00) on shares of PulteGroup in a research report on Wednesday, July 26th. Finally, Susquehanna Bancshares Inc lowered PulteGroup from a “positive” rating to a “neutral” rating and set a $26.00 target price on the stock. in a research report on Wednesday, July 26th. One analyst has rated the stock with a sell rating, nine have given a hold rating, five have issued a buy rating and one has given a strong buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus price target of $25.08.
In other news, Director Brian P. Anderson sold 14,000 shares of the business’s stock in a transaction dated Tuesday, June 6th. The stock was sold at an average price of $23.18, for a total transaction of $324,520.00. Following the sale, the director now directly owns 108,744 shares in the company, valued at $2,520,685.92. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders own 0.71% of the company’s stock.
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.
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