State of Wisconsin Investment Board boosted its position in PulteGroup, Inc. (NYSE:PHM) by 23.9% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 250,902 shares of the construction company’s stock after buying an additional 48,460 shares during the period. State of Wisconsin Investment Board owned approximately 0.08% of PulteGroup worth $6,155,000 as of its most recent SEC filing.

A number of other large investors have also recently added to or reduced their stakes in PHM. IFP Advisors Inc increased its stake in shares of PulteGroup by 12.0% in the first quarter. IFP Advisors Inc now owns 5,959 shares of the construction company’s stock worth $140,000 after buying an additional 638 shares during the period. Northwestern Mutual Wealth Management Co. increased its stake in shares of PulteGroup by 12.4% in the first quarter. Northwestern Mutual Wealth Management Co. now owns 6,380 shares of the construction company’s stock worth $150,000 after buying an additional 702 shares during the period. Ameritas Investment Partners Inc. bought a new stake in shares of PulteGroup during the first quarter worth approximately $155,000. Acadian Asset Management LLC bought a new stake in shares of PulteGroup during the first quarter worth approximately $197,000. Finally, Commerce Bank bought a new stake in shares of PulteGroup during the first quarter worth approximately $207,000. Hedge funds and other institutional investors own 85.82% of the company’s stock.

Shares of PulteGroup, Inc. (NYSE PHM) opened at 25.51 on Thursday. The stock has a 50 day moving average price of $24.88 and a 200-day moving average price of $23.57. The stock has a market cap of $7.70 billion, a price-to-earnings ratio of 14.12 and a beta of 1.14. PulteGroup, Inc. has a 12-month low of $17.69 and a 12-month high of $26.00.

PulteGroup (NYSE:PHM) last released its quarterly earnings data on Tuesday, July 25th. The construction company reported $0.47 earnings per share for the quarter, beating analysts’ consensus estimates of $0.45 by $0.02. PulteGroup had a net margin of 7.35% and a return on equity of 13.43%. The firm had revenue of $2.02 billion for the quarter, compared to analyst estimates of $2.03 billion. During the same period last year, the firm earned $0.37 earnings per share. The business’s quarterly revenue was up 12.3% compared to the same quarter last year. Equities analysts anticipate that PulteGroup, Inc. will post $2.09 EPS for the current fiscal year.

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PHM has been the subject of a number of recent research reports. Zacks Investment Research downgraded PulteGroup from a “buy” rating to a “hold” rating in a research report on Friday, July 28th. UBS AG downgraded PulteGroup from a “positive” rating to a “neutral” rating in a research report on Wednesday, July 26th. Wedbush reiterated an “underperform” rating and set a $15.00 price objective on shares of PulteGroup in a research report on Tuesday, May 9th. Susquehanna Bancshares Inc downgraded PulteGroup from a “positive” rating to a “neutral” rating and set a $26.00 price objective for the company. in a research report on Wednesday, July 26th. Finally, Credit Suisse Group initiated coverage on PulteGroup in a research report on Thursday, June 22nd. They set an “outperform” rating and a $27.00 price objective for the company. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating, five have issued a buy rating and one has issued a strong buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus price target of $25.08.

In other PulteGroup news, Director Brian P. Anderson sold 14,000 shares of the firm’s stock in a transaction on Tuesday, June 6th. The shares were sold at an average price of $23.18, for a total value of $324,520.00. Following the transaction, the director now directly owns 108,744 shares of the company’s stock, valued at $2,520,685.92. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 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.

Institutional Ownership by Quarter for PulteGroup (NYSE:PHM)

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