Chase Investment Counsel Corp raised its position in PulteGroup, Inc. (NYSE:PHM) by 350.5% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 176,949 shares of the construction company’s stock after buying an additional 137,669 shares during the period. PulteGroup comprises about 2.1% of Chase Investment Counsel Corp’s investment portfolio, making the stock its 21st largest position. Chase Investment Counsel Corp owned about 0.06% of PulteGroup worth $4,340,000 as of its most recent filing with the SEC.
A number of other institutional investors have also bought and sold shares of the company. BlackRock Inc. raised its position in PulteGroup by 3,521.7% in the first quarter. BlackRock Inc. now owns 22,891,339 shares of the construction company’s stock worth $539,092,000 after buying an additional 22,259,277 shares during the last quarter. Renaissance Technologies LLC purchased a new position in shares of PulteGroup during the first quarter worth approximately $92,466,000. Wedge Capital Management L L P NC purchased a new position in shares of PulteGroup during the first quarter worth approximately $59,083,000. Boston Advisors LLC purchased a new position in shares of PulteGroup during the first quarter worth approximately $17,839,000. Finally, Horseman Capital Management Ltd increased its position in shares of PulteGroup by 98.2% in the first quarter. Horseman Capital Management Ltd now owns 1,486,400 shares of the construction company’s stock worth $35,005,000 after buying an additional 736,400 shares during the period. Hedge funds and other institutional investors own 91.94% of the company’s stock.
Shares of PulteGroup, Inc. (NYSE:PHM) traded up 1.23% during trading on Friday, reaching $25.60. 5,808,297 shares of the company’s stock were exchanged. The company’s 50-day moving average is $24.37 and its 200 day moving average is $23.00. PulteGroup, Inc. has a 52 week low of $17.69 and a 52 week high of $25.72. The stock has a market capitalization of $7.72 billion, a PE ratio of 14.17 and a beta of 1.14.
PulteGroup (NYSE:PHM) last announced its quarterly earnings results 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. The firm 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 revenue was up 12.3% compared to the same quarter last year. During the same period in the prior year, the business posted $0.37 earnings per share. On average, analysts forecast that PulteGroup, Inc. will post $2.09 earnings per share for the current year.
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A number of equities research analysts have recently issued reports on PHM shares. Zacks Investment Research raised shares of PulteGroup from a “hold” rating to a “buy” rating and set a $27.00 price target on the stock in a research note on Tuesday, July 4th. Bank of America Corporation reissued a “buy” rating and issued a $30.00 price target (up from $29.00) on shares of PulteGroup in a research note on Tuesday, June 27th. BidaskClub downgraded shares of PulteGroup from a “strong-buy” rating to a “buy” rating in a research note on Thursday, July 13th. Barclays PLC downgraded shares of PulteGroup from an “overweight” rating to an “equal weight” rating and set a $24.00 target price on the stock. in a research note on Tuesday, July 11th. They noted that the move was a valuation call. Finally, Wedbush raised shares of PulteGroup from an “underperform” rating to a “neutral” rating and upped their target price for the stock from $15.00 to $22.00 in a research note on Thursday, July 13th. One equities research analyst has rated the stock with a sell rating, ten have given a hold rating and five have given a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus target price of $25.08.
In related news, Director Brian P. Anderson sold 14,000 shares of the firm’s stock in a transaction dated 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 in the company, valued at $2,520,685.92. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.71% of the stock is owned by company insiders.
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.
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