Danske Bank A S Purchases Shares of 45,428 PulteGroup, Inc. $PHM

Danske Bank A S purchased a new stake in shares of PulteGroup, Inc. (NYSE:PHM) in the second quarter, HoldingsChannel reports. The institutional investor purchased 45,428 shares of the construction company’s stock, valued at approximately $6,233,000.

Several other hedge funds and other institutional investors also recently modified their holdings of the business. National Pension Service increased its holdings in shares of PulteGroup by 3.8% in the 4th quarter. National Pension Service now owns 507,443 shares of the construction company’s stock worth $59,503,000 after buying an additional 18,455 shares during the last quarter. Concurrent Investment Advisors LLC lifted its holdings in shares of PulteGroup by 166.5% during the 4th quarter. Concurrent Investment Advisors LLC now owns 16,753 shares of the construction company’s stock worth $1,964,000 after acquiring an additional 10,467 shares during the last quarter. Qsemble Capital Management LP bought a new stake in shares of PulteGroup during the 4th quarter worth $7,205,000. River Street Advisors LLC grew its position in PulteGroup by 94.6% in the first quarter. River Street Advisors LLC now owns 18,208 shares of the construction company’s stock worth $2,141,000 after acquiring an additional 8,851 shares in the last quarter. Finally, Fideuram Intesa Sanpaolo Private Banking S.P.A. purchased a new position in PulteGroup in the fourth quarter worth $15,950,000. Hedge funds and other institutional investors own 89.90% of the company’s stock.

Analyst Ratings Changes

PHM has been the topic of a number of research reports. UBS Group restated a “buy” rating and set a $166.00 price target on shares of PulteGroup in a research report on Thursday, July 23rd. The Goldman Sachs Group upped their price objective on PulteGroup from $133.00 to $142.00 and gave the stock a “neutral” rating in a report on Friday, April 24th. Barclays increased their price objective on PulteGroup from $123.00 to $124.00 and gave the company an “equal weight” rating in a research report on Thursday, July 23rd. Weiss Ratings raised PulteGroup from a “hold (c)” rating to a “hold (c+)” rating in a report on Thursday, July 23rd. Finally, Oppenheimer restated an “outperform” rating on shares of PulteGroup in a research report on Tuesday, May 26th. Eleven analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $143.14.

Insider Activity

In related news, COO Matthew William Koart sold 7,457 shares of the firm’s stock in a transaction dated Wednesday, May 27th. The stock was sold at an average price of $120.00, for a total value of $894,840.00. Following the sale, the chief operating officer directly owned 28,100 shares of the company’s stock, valued at $3,372,000. This trade represents a 20.97% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.75% of the stock is owned by insiders.

PulteGroup Trading Up 1.0%

NYSE:PHM opened at $129.00 on Friday. The firm has a market capitalization of $24.18 billion, a P/E ratio of 13.18, a P/E/G ratio of 1.58 and a beta of 1.19. The company has a quick ratio of 0.78, a current ratio of 0.78 and a debt-to-equity ratio of 0.14. The company has a fifty day moving average of $129.05 and a 200 day moving average of $125.70. PulteGroup, Inc. has a 52 week low of $108.49 and a 52 week high of $144.49.

PulteGroup (NYSE:PHM) last released its quarterly earnings data on Wednesday, July 22nd. The construction company reported $2.48 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.36 by $0.12. The firm had revenue of $3.98 billion for the quarter, compared to analysts’ expectations of $3.94 billion. PulteGroup had a net margin of 11.62% and a return on equity of 15.21%. The company’s revenue for the quarter was down 9.6% compared to the same quarter last year. During the same quarter in the previous year, the company earned $3.03 earnings per share. On average, research analysts predict that PulteGroup, Inc. will post 10.12 earnings per share for the current year.

PulteGroup Profile

PulteGroup, Inc (NYSE: PHM) is a U.S.-based residential homebuilder that designs, constructs and sells single-family homes and develops master-planned communities. The company operates multiple national and regional brands that target different buyer segments, including first-time buyers, move-up buyers and active-adult customers. Its operations encompass land acquisition and development, home design and construction, community amenities and ongoing customer service and warranty programs.

PulteGroup markets homes under several well-known brands, such as Pulte Homes, Centex and Del Webb, among others, offering a range of product types from entry-level detached homes to larger, higher-end residences and age-restricted active-adult communities.