Dumont & Blake Investment Advisors LLC raised its stake in PulteGroup, Inc. (NYSE:PHM) by 0.4% during the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 39,600 shares of the construction company’s stock after buying an additional 175 shares during the period. Dumont & Blake Investment Advisors LLC’s holdings in PulteGroup were worth $971,000 at the end of the most recent quarter.
Other institutional investors have also recently added to or reduced their stakes in the company. Capstone Asset Management Co. boosted its position in PulteGroup by 13.6% in the first quarter. Capstone Asset Management Co. now owns 43,920 shares of the construction company’s stock valued at $1,034,000 after buying an additional 5,250 shares in the last quarter. Regentatlantic Capital LLC increased its stake in shares of PulteGroup by 20.7% in the first quarter. Regentatlantic Capital LLC now owns 48,772 shares of the construction company’s stock valued at $1,149,000 after buying an additional 8,355 shares in the last quarter. Bank of Montreal Can increased its stake in PulteGroup by 8.7% in the first quarter. Bank of Montreal Can now owns 292,090 shares of the construction company’s stock worth $6,878,000 after buying an additional 23,403 shares in the last quarter. P.R. Herzig & Co. Inc. purchased a new stake in PulteGroup during the first quarter worth $1,618,000. Finally, Gulf International Bank UK Ltd increased its stake in PulteGroup by 2.0% in the first quarter. Gulf International Bank UK Ltd now owns 98,405 shares of the construction company’s stock worth $2,317,000 after buying an additional 1,900 shares in the last quarter. 88.12% of the stock is owned by institutional investors and hedge funds.
Shares of PulteGroup, Inc. (NYSE:PHM) opened at 25.92 on Thursday. The company has a market capitalization of $7.82 billion, a PE ratio of 14.34 and a beta of 1.14. The company has a 50-day moving average price of $24.74 and a 200 day moving average price of $23.39. PulteGroup, Inc. has a one year low of $17.69 and a one year high of $25.97.
PulteGroup (NYSE:PHM) last released its earnings results on Tuesday, July 25th. The construction company reported $0.47 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.45 by $0.02. PulteGroup had a net margin of 7.35% and a return on equity of 13.43%. The business had revenue of $2.02 billion for the quarter, compared to analyst estimates of $2.03 billion. During the same period last year, the company posted $0.37 EPS. The business’s revenue was up 12.3% on a year-over-year basis. Equities analysts anticipate that PulteGroup, Inc. will post $2.09 EPS for the current year.
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A number of research firms have recently weighed in on PHM. BidaskClub downgraded PulteGroup from a “buy” rating to a “hold” rating in a report on Monday, July 31st. Zacks Investment Research raised PulteGroup from a “hold” rating to a “buy” rating and set a $26.00 price target for the company in a research note on Wednesday, April 26th. UBS AG downgraded PulteGroup from a “positive” rating to a “neutral” rating in a research note on Wednesday, July 26th. Wedbush raised PulteGroup from an “underperform” rating to a “neutral” rating and boosted their price target for the company from $15.00 to $22.00 in a research note on Thursday, July 13th. Finally, FBR & Co reaffirmed an “outperform” rating and issued a $28.00 price target (up previously from $26.00) on shares of PulteGroup in a research note on Wednesday, July 26th. One 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 stock. The stock currently 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 that occurred 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 approximately $2,520,685.92. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Company 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.
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