PulteGroup, Inc. (PHM) Holdings Increased by HL Financial Services LLC

HL Financial Services LLC raised its position in shares of PulteGroup, Inc. (NYSE:PHM) by 254.1% in the third quarter, according to its most recent filing with the SEC. The firm owned 191,310 shares of the construction company’s stock after purchasing an additional 137,288 shares during the quarter. HL Financial Services LLC owned approximately 0.07% of PulteGroup worth $4,739,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. Principal Financial Group Inc. grew its position in shares of PulteGroup by 58.4% during the 1st quarter. Principal Financial Group Inc. now owns 836,900 shares of the construction company’s stock worth $24,680,000 after buying an additional 308,541 shares during the period. Allianz Asset Management GmbH lifted its holdings in shares of PulteGroup by 50.2% in the 1st quarter. Allianz Asset Management GmbH now owns 420,771 shares of the construction company’s stock worth $12,409,000 after purchasing an additional 140,680 shares in the last quarter. DnB Asset Management AS lifted its holdings in shares of PulteGroup by 14.2% in the 2nd quarter. DnB Asset Management AS now owns 24,200 shares of the construction company’s stock worth $696,000 after purchasing an additional 3,000 shares in the last quarter. Clinton Group Inc. bought a new position in shares of PulteGroup in the 2nd quarter worth $528,000. Finally, IFM Investors Pty Ltd lifted its holdings in shares of PulteGroup by 34.2% in the 2nd quarter. IFM Investors Pty Ltd now owns 14,446 shares of the construction company’s stock worth $415,000 after purchasing an additional 3,682 shares in the last quarter. 87.23% of the stock is owned by institutional investors and hedge funds.

In other news, Director Brian P. Anderson sold 5,000 shares of PulteGroup stock in a transaction on Monday, August 27th. The stock was sold at an average price of $28.96, for a total transaction of $144,800.00. Following the sale, the director now directly owns 101,235 shares in the company, valued at approximately $2,931,765.60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 0.86% of the company’s stock.

A number of equities analysts recently issued reports on the company. BTIG Research cut PulteGroup from a “neutral” rating to a “sell” rating in a report on Friday, July 27th. They noted that the move was a valuation call. Citigroup increased their target price on PulteGroup from $30.00 to $32.00 and gave the stock a “hold” rating in a report on Monday, July 23rd. Mizuho cut PulteGroup from a “buy” rating to a “neutral” rating and set a $31.00 target price on the stock. in a report on Tuesday, August 7th. Evercore ISI upgraded PulteGroup to an “outperform” rating and cut their target price for the stock from $29.00 to $28.00 in a report on Thursday, October 25th. They noted that the move was a valuation call. Finally, ValuEngine cut PulteGroup from a “hold” rating to a “sell” rating in a report on Friday, August 3rd. Three analysts have rated the stock with a sell rating, nine have assigned a hold rating and seven have given a buy rating to the company’s stock. PulteGroup currently has a consensus rating of “Hold” and an average target price of $31.13.

Shares of NYSE:PHM opened at $24.89 on Wednesday. The company has a current ratio of 0.56, a quick ratio of 0.56 and a debt-to-equity ratio of 0.64. PulteGroup, Inc. has a 1-year low of $20.64 and a 1-year high of $35.21. The firm has a market cap of $6.82 billion, a price-to-earnings ratio of 11.37, a P/E/G ratio of 0.38 and a beta of 0.92.

PulteGroup (NYSE:PHM) last released its earnings results on Tuesday, October 23rd. The construction company reported $1.01 EPS for the quarter, topping the Zacks’ consensus estimate of $0.95 by $0.06. The company had revenue of $2.65 billion for the quarter, compared to analysts’ expectations of $2.62 billion. PulteGroup had a return on equity of 21.98% and a net margin of 8.63%. The business’s revenue for the quarter was up 24.3% compared to the same quarter last year. During the same period in the previous year, the business posted $0.60 EPS. As a group, sell-side analysts forecast that PulteGroup, Inc. will post 3.58 earnings per share for the current year.

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PulteGroup Company Profile

PulteGroup, Inc, through its subsidiaries, primarily engages in the homebuilding business in the United States. The company is involved in the acquisition and development of land primarily for residential purposes; and the construction of housing on such land. It offers various home designs, including single-family detached, townhouses, condominiums, and duplexes under the Centex, Pulte Homes, Del Webb, DiVosta Homes, and John Wieland Homes and Neighborhoods names.

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Institutional Ownership by Quarter for PulteGroup (NYSE:PHM)

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