Pacer Advisors Inc. raised its stake in shares of PulteGroup, Inc. (NYSE:PHM) by 13.6% during the second quarter, according to its most recent 13F filing with the SEC. The fund owned 46,244 shares of the construction company’s stock after buying an additional 5,523 shares during the period. Pacer Advisors Inc.’s holdings in PulteGroup were worth $1,134,000 at the end of the most recent reporting period.

Several other institutional investors have also bought and sold shares of the stock. BlackRock Inc. raised its stake in PulteGroup by 3,521.7% in the first quarter. BlackRock Inc. now owns 22,891,339 shares of the construction company’s stock valued at $539,092,000 after buying an additional 22,259,277 shares in the last quarter. Dimensional Fund Advisors LP raised its stake in PulteGroup by 1.2% in the first quarter. Dimensional Fund Advisors LP now owns 10,423,289 shares of the construction company’s stock valued at $245,477,000 after buying an additional 118,739 shares in the last quarter. Renaissance Technologies LLC purchased a new stake in PulteGroup during the first quarter valued at $92,466,000. Geode Capital Management LLC raised its stake in PulteGroup by 7.1% in the first quarter. Geode Capital Management LLC now owns 3,035,549 shares of the construction company’s stock valued at $71,394,000 after buying an additional 201,626 shares in the last quarter. Finally, Alliancebernstein L.P. raised its stake in PulteGroup by 0.4% in the first quarter. Alliancebernstein L.P. now owns 2,641,240 shares of the construction company’s stock valued at $62,201,000 after buying an additional 9,952 shares in the last quarter. 85.82% of the stock is currently owned by hedge funds and other institutional investors.

PulteGroup, Inc. (NYSE PHM) opened at 25.30 on Tuesday. 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 one year low of $17.69 and a one year high of $26.00. The company has a market capitalization of $7.63 billion, a P/E ratio of 14.00 and a beta of 1.14.

PulteGroup (NYSE:PHM) last posted its earnings results on Tuesday, July 25th. The construction company reported $0.47 EPS for the quarter, beating the consensus estimate of $0.45 by $0.02. The firm had revenue of $2.02 billion for 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%. PulteGroup’s revenue for the quarter was up 12.3% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.37 earnings per share. Equities analysts forecast that PulteGroup, Inc. will post $2.09 EPS for the current year.

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Several research firms recently weighed in on PHM. Barclays PLC lowered PulteGroup from an “overweight” rating to an “equal weight” rating and set a $24.00 price target on the stock. in a research report on Tuesday, July 11th. They noted that the move was a valuation call. Mizuho lowered PulteGroup from a “neutral” rating to an “underperform” rating and set a $22.00 price target on the stock. in a research report on Monday, July 10th. BidaskClub lowered PulteGroup from a “strong-buy” rating to a “buy” rating in a research report on Thursday, July 13th. Zacks Investment Research upgraded PulteGroup from a “hold” rating to a “buy” rating and set a $27.00 price target on the stock in a research report on Tuesday, July 4th. Finally, Bank of America Corporation restated a “buy” rating and set a $30.00 price target (up from $29.00) on shares of PulteGroup in a research report on Tuesday, June 27th. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. PulteGroup has an average rating of “Hold” and an average price target of $25.08.

In related news, Director Brian P. Anderson sold 14,000 shares of the stock in a transaction 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 transaction, the director now owns 108,744 shares of the company’s stock, valued at $2,520,685.92. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 0.71% of the company’s stock.

About PulteGroup

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.

Institutional Ownership by Quarter for PulteGroup (NYSE:PHM)

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