Sei Investments Co. increased its holdings in PulteGroup, Inc. (NYSE:PHM – Free Report) by 8.1% in the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 148,329 shares of the construction company’s stock after buying an additional 11,144 shares during the period. Sei Investments Co.’s holdings in PulteGroup were worth $17,446,000 as of its most recent filing with the SEC.
Other institutional investors and hedge funds have also recently bought and sold shares of the company. Golden State Wealth Management LLC lifted its holdings in PulteGroup by 18.3% in the fourth quarter. Golden State Wealth Management LLC now owns 484 shares of the construction company’s stock worth $57,000 after acquiring an additional 75 shares during the last quarter. Evergreen Capital Management LLC grew its holdings in shares of PulteGroup by 2.8% during the second quarter. Evergreen Capital Management LLC now owns 2,875 shares of the construction company’s stock valued at $304,000 after purchasing an additional 78 shares during the last quarter. Stephens Inc. AR raised its position in shares of PulteGroup by 3.5% during the 4th quarter. Stephens Inc. AR now owns 2,350 shares of the construction company’s stock worth $276,000 after purchasing an additional 80 shares during the period. Perigon Wealth Management LLC lifted its holdings in shares of PulteGroup by 3.6% in the 4th quarter. Perigon Wealth Management LLC now owns 2,672 shares of the construction company’s stock worth $313,000 after purchasing an additional 92 shares during the last quarter. Finally, Opal Wealth Advisors LLC lifted its holdings in shares of PulteGroup by 4.8% in the 4th quarter. Opal Wealth Advisors LLC now owns 2,169 shares of the construction company’s stock worth $254,000 after purchasing an additional 99 shares during the last quarter. Institutional investors and hedge funds own 89.90% of the company’s stock.
Wall Street Analysts Forecast Growth
PHM has been the subject of a number of recent research reports. Wells Fargo & Company upped their price objective on PulteGroup from $140.00 to $150.00 and gave the stock an “overweight” rating in a research note on Monday, July 6th. Evercore reissued an “outperform” rating and set a $162.00 price target on shares of PulteGroup in a report on Thursday, July 23rd. Weiss Ratings upgraded shares of PulteGroup from a “hold (c)” rating to a “hold (c+)” rating in a research report on Thursday, July 23rd. Zacks Research raised shares of PulteGroup from a “strong sell” rating to a “hold” rating in a report on Monday, April 13th. Finally, UBS Group reiterated a “buy” rating and issued a $166.00 price objective on shares of PulteGroup in a research report on Thursday, July 23rd. Ten investment analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $143.14.
Insider Activity
In other PulteGroup news, Director Lila Snyder sold 3,339 shares of the business’s stock in a transaction dated Friday, May 8th. The shares were sold at an average price of $117.18, for a total value of $391,264.02. Following the sale, the director directly owned 3,540 shares in the company, valued at approximately $414,817.20. The trade was a 48.54% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, COO Matthew William Koart sold 7,457 shares of the company’s stock in a transaction dated Wednesday, May 27th. The shares were sold at an average price of $120.00, for a total transaction of $894,840.00. Following the completion of the sale, the chief operating officer directly owned 28,100 shares of the company’s stock, valued at $3,372,000. The trade was a 20.97% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 0.75% of the stock is currently owned by insiders.
PulteGroup Stock Performance
Shares of NYSE PHM opened at $132.30 on Thursday. PulteGroup, Inc. has a 1 year low of $108.49 and a 1 year high of $144.49. The firm has a market cap of $24.80 billion, a P/E ratio of 13.51, a PEG ratio of 1.67 and a beta of 1.18. The stock has a fifty day moving average price of $125.29 and a two-hundred day moving average price of $125.54. The company has a debt-to-equity ratio of 0.14, a quick ratio of 0.78 and a current ratio of 0.78.
PulteGroup (NYSE:PHM – Get Free Report) last posted its quarterly earnings data on Wednesday, July 22nd. The construction company reported $2.48 EPS for the quarter, topping analysts’ consensus estimates of $2.36 by $0.12. The company had revenue of $3.98 billion for the quarter, compared to the consensus estimate of $3.94 billion. PulteGroup had a return on equity of 15.21% and a net margin of 11.62%.The company’s quarterly revenue was down 9.6% compared to the same quarter last year. During the same quarter in the previous year, the business earned $3.03 EPS. Research analysts forecast that PulteGroup, Inc. will post 10.08 EPS for the current fiscal year.
PulteGroup announced that its Board of Directors has authorized a share buyback program on Thursday, April 23rd that allows the company to buyback $1.50 billion in shares. This buyback authorization allows the construction company to purchase up to 6.1% of its stock through open market purchases. Stock buyback programs are usually a sign that the company’s board believes its stock is undervalued.
About PulteGroup
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.
See Also
- Five stocks we like better than PulteGroup
- Why SK hynix Could Be the Best AI Chip Stock to Buy Now
- Seagate Technology Stock Surges as Earnings Beat Silences AI Doubters
- Alphabet Is Down 18% From Its High After a Stellar Quarter—Overdone, or More Downside Ahead?
- Why Bloom Energy May Be the Most Important AI Infrastructure Stock
Want to see what other hedge funds are holding PHM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for PulteGroup, Inc. (NYSE:PHM – Free Report).
Receive News & Ratings for PulteGroup Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for PulteGroup and related companies with MarketBeat.com's FREE daily email newsletter.
