One Capital Management LLC increased its holdings in shares of PulteGroup, Inc. (NYSE:PHM) by 8.2% during the second quarter, Holdings Channel reports. The fund owned 90,397 shares of the construction company’s stock after acquiring an additional 6,870 shares during the quarter. One Capital Management LLC’s holdings in PulteGroup were worth $2,599,000 as of its most recent filing with the Securities and Exchange Commission.
Other hedge funds have also bought and sold shares of the company. Signaturefd LLC acquired a new position in shares of PulteGroup during the 1st quarter worth approximately $106,000. Twin Tree Management LP acquired a new position in shares of PulteGroup during the 1st quarter worth approximately $107,000. First Republic Investment Management Inc. increased its holdings in shares of PulteGroup by 30.1% during the 1st quarter. First Republic Investment Management Inc. now owns 8,027 shares of the construction company’s stock worth $237,000 after acquiring an additional 1,859 shares during the last quarter. Raymond James Trust N.A. acquired a new position in shares of PulteGroup during the 2nd quarter worth approximately $232,000. Finally, Mariner LLC increased its holdings in shares of PulteGroup by 26.3% during the 1st quarter. Mariner LLC now owns 9,173 shares of the construction company’s stock worth $270,000 after acquiring an additional 1,911 shares during the last quarter. 84.26% of the stock is currently owned by institutional investors and hedge funds.
PHM has been the topic of a number of recent analyst reports. B. Riley raised PulteGroup from a “neutral” rating to a “buy” rating and boosted their target price for the stock from $36.00 to $40.00 in a report on Wednesday, April 25th. BTIG Research lowered 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. Royal Bank of Canada set a $36.00 target price on PulteGroup and gave the stock a “buy” rating in a report on Wednesday, April 25th. Susquehanna Bancshares set a $32.00 target price on PulteGroup and gave the stock a “hold” rating in a report on Friday, July 27th. Finally, Citigroup upped their price objective on PulteGroup from $30.00 to $32.00 and gave the company a “hold” rating in a report on Monday, July 23rd. Two equities research analysts have rated the stock with a sell rating, eight have issued a hold rating, nine have assigned a buy rating and two have assigned a strong buy rating to the stock. The company presently has a consensus rating of “Buy” and an average target price of $35.14.
Shares of NYSE PHM opened at $28.74 on Friday. The company has a current ratio of 0.40, a quick ratio of 0.40 and a debt-to-equity ratio of 0.66. PulteGroup, Inc. has a one year low of $24.66 and a one year high of $35.21. The firm has a market capitalization of $8.33 billion, a price-to-earnings ratio of 10.01, a PEG ratio of 0.44 and a beta of 1.10.
PulteGroup (NYSE:PHM) last issued its quarterly earnings data on Thursday, July 26th. The construction company reported $0.89 EPS for the quarter, beating analysts’ consensus estimates of $0.74 by $0.15. PulteGroup had a return on equity of 19.95% and a net margin of 7.92%. The firm had revenue of $2.57 billion for the quarter, compared to analyst estimates of $2.38 billion. During the same period in the prior year, the firm posted $0.47 EPS. The company’s revenue for the quarter was up 27.1% on a year-over-year basis. equities analysts forecast that PulteGroup, Inc. will post 3.48 earnings per share for the current fiscal year.
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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