Tuttle Tactical Management LLC Acquires 15,341 Shares of PulteGroup, Inc. (PHM)
Tuttle Tactical Management LLC raised its stake in shares of PulteGroup, Inc. (NYSE:PHM) by 147.9% during the second quarter, according to its most recent filing with the SEC. The firm owned 25,711 shares of the construction company’s stock after buying an additional 15,341 shares during the period. Tuttle Tactical Management LLC’s holdings in PulteGroup were worth $631,000 at the end of the most recent quarter.
A number of other institutional investors have also made changes to their positions in PHM. DnB Asset Management AS boosted its position in PulteGroup by 25.1% in the first quarter. DnB Asset Management AS now owns 22,900 shares of the construction company’s stock valued at $539,000 after buying an additional 4,600 shares in the last quarter. Candriam Luxembourg S.C.A. boosted its position in PulteGroup by 11.5% in the first quarter. Candriam Luxembourg S.C.A. now owns 26,552 shares of the construction company’s stock valued at $625,000 after buying an additional 2,735 shares in the last quarter. ProShare Advisors LLC boosted its position in PulteGroup by 295.4% in the first quarter. ProShare Advisors LLC now owns 105,238 shares of the construction company’s stock valued at $2,478,000 after buying an additional 78,623 shares in the last quarter. Acadian Asset Management LLC purchased a new position in PulteGroup during the first quarter valued at approximately $197,000. Finally, IFP Advisors Inc boosted its position in PulteGroup by 12.0% in the first quarter. IFP Advisors Inc now owns 5,959 shares of the construction company’s stock valued at $140,000 after buying an additional 638 shares in the last quarter. 85.82% of the stock is currently owned by institutional investors and hedge funds.
PulteGroup, Inc. (NYSE PHM) traded up 0.71% during midday trading on Thursday, hitting $25.69. 752,063 shares of the company were exchanged. The stock has a 50 day moving average of $24.88 and a 200-day moving average of $23.57. PulteGroup, Inc. has a 1-year low of $17.69 and a 1-year high of $26.00. The stock has a market capitalization of $7.75 billion, a price-to-earnings ratio of 14.22 and a beta of 1.14.
PulteGroup (NYSE:PHM) last released its quarterly earnings data 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 business had revenue of $2.02 billion for the quarter, compared to the consensus estimate of $2.03 billion. PulteGroup had a net margin of 7.35% and a return on equity of 13.43%. The business’s revenue for the quarter was up 12.3% on a year-over-year basis. During the same period in the prior year, the firm earned $0.37 EPS. Equities analysts expect that PulteGroup, Inc. will post $2.09 earnings per share for the current year.
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PHM has been the topic of several recent analyst reports. Zacks Investment Research cut shares of PulteGroup from a “buy” rating to a “hold” rating in a research report on Friday, July 28th. UBS AG cut shares of PulteGroup from a “positive” rating to a “neutral” rating in a research report on Wednesday, July 26th. Wedbush reissued an “underperform” rating and set a $15.00 target price on shares of PulteGroup in a research report on Tuesday, May 9th. Susquehanna Bancshares Inc cut shares of 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. Finally, Credit Suisse Group initiated coverage on shares of PulteGroup in a research report on Thursday, June 22nd. They set an “outperform” rating and a $27.00 target price on the stock. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating, five have given a buy rating and one has given a strong buy rating to the stock. The company presently 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 company’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 sale, the director now directly owns 108,744 shares of the company’s stock, valued at approximately $2,520,685.92. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.71% of the stock is owned by corporate insiders.
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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