LSV Asset Management Has $299.40 Million Holdings in PulteGroup, Inc. (NYSE:PHM)

LSV Asset Management cut its holdings in PulteGroup, Inc. (NYSE:PHM) by 3.9% during the 1st quarter, Holdings Channel.com reports. The institutional investor owned 2,912,472 shares of the construction company’s stock after selling 117,100 shares during the quarter. PulteGroup accounts for 0.7% of LSV Asset Management’s investment portfolio, making the stock its 29th biggest holding. LSV Asset Management’s holdings in PulteGroup were worth $299,402,000 as of its most recent filing with the SEC.

Other institutional investors have also recently added to or reduced their stakes in the company. Merit Financial Group LLC raised its position in shares of PulteGroup by 20.5% during the first quarter. Merit Financial Group LLC now owns 15,388 shares of the construction company’s stock worth $1,582,000 after purchasing an additional 2,613 shares during the period. Vest Financial LLC raised its position in shares of PulteGroup by 1,311.3% during the first quarter. Vest Financial LLC now owns 312,723 shares of the construction company’s stock worth $32,148,000 after purchasing an additional 290,564 shares during the period. Hudson Capital Management LLC raised its position in shares of PulteGroup by 8.6% during the first quarter. Hudson Capital Management LLC now owns 41,305 shares of the construction company’s stock worth $4,246,000 after purchasing an additional 3,266 shares during the period. NBC Securities Inc. raised its position in shares of PulteGroup by 103,800.0% during the first quarter. NBC Securities Inc. now owns 5,195 shares of the construction company’s stock worth $534,000 after purchasing an additional 5,190 shares during the period. Finally, Reyes Financial Architecture Inc. raised its position in shares of PulteGroup by 42.1% during the first quarter. Reyes Financial Architecture Inc. now owns 770 shares of the construction company’s stock worth $79,000 after purchasing an additional 228 shares during the period. 89.90% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on the company. Citigroup upped their target price on PulteGroup from $128.00 to $132.00 and gave the stock a “neutral” rating in a research report on Wednesday, July 23rd. Oppenheimer upped their target price on PulteGroup from $132.00 to $140.00 and gave the stock an “outperform” rating in a research report on Wednesday, July 23rd. Evercore ISI upped their price target on PulteGroup from $161.00 to $165.00 and gave the stock an “outperform” rating in a report on Wednesday, April 23rd. Wedbush reiterated an “outperform” rating and set a $135.00 price target on shares of PulteGroup in a report on Tuesday, April 22nd. Finally, Wells Fargo & Company upped their price target on PulteGroup from $125.00 to $135.00 and gave the stock an “overweight” rating in a report on Wednesday, July 23rd. Six equities research analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, PulteGroup has a consensus rating of “Moderate Buy” and a consensus price target of $134.15.

PulteGroup Stock Up 3.4%

Shares of NYSE:PHM opened at $116.75 on Friday. The company has a market capitalization of $23.03 billion, a PE ratio of 8.73, a price-to-earnings-growth ratio of 0.33 and a beta of 1.22. The company has a debt-to-equity ratio of 0.13, a current ratio of 0.77 and a quick ratio of 0.77. The business has a fifty day moving average price of $106.92 and a two-hundred day moving average price of $105.28. PulteGroup, Inc. has a 1 year low of $88.07 and a 1 year high of $149.47.

PulteGroup (NYSE:PHM) last announced its quarterly earnings data on Tuesday, July 22nd. The construction company reported $3.03 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.92 by $0.11. The firm had revenue of $4.40 billion during the quarter, compared to the consensus estimate of $4.42 billion. PulteGroup had a return on equity of 21.01% and a net margin of 15.50%. The business’s revenue for the quarter was down 4.3% on a year-over-year basis. During the same quarter in the prior year, the company earned $3.83 EPS. Analysts forecast that PulteGroup, Inc. will post 12.32 earnings per share for the current year.

PulteGroup Company Profile

PulteGroup, Inc, through its subsidiaries, primarily engages in the homebuilding business in the United States. It acquires and develops land primarily for residential purposes; and constructs housing on such land. The company also offers various home designs, including single-family detached, townhomes, condominiums, and duplexes under the Centex, Pulte Homes, Del Webb, DiVosta Homes, John Wieland Homes and Neighborhoods, and American West brand names.