3,829 Shares in PulteGroup, Inc. (NYSE:PHM) Purchased by Ground Swell Capital LLC

Ground Swell Capital LLC acquired a new position in shares of PulteGroup, Inc. (NYSE:PHM) during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 3,829 shares of the construction company’s stock, valued at approximately $394,000.

A number of other institutional investors have also recently added to or reduced their stakes in PHM. Ameriflex Group Inc. purchased a new stake in PulteGroup during the fourth quarter worth about $37,000. TD Waterhouse Canada Inc. raised its position in PulteGroup by 43.0% during the fourth quarter. TD Waterhouse Canada Inc. now owns 349 shares of the construction company’s stock worth $38,000 after acquiring an additional 105 shares during the last quarter. American National Bank & Trust acquired a new position in PulteGroup during the first quarter worth about $39,000. Quarry LP acquired a new position in PulteGroup during the fourth quarter worth about $43,000. Finally, Catalyst Capital Advisors LLC acquired a new position in PulteGroup during the first quarter worth about $54,000. Hedge funds and other institutional investors own 89.90% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on the stock. JPMorgan Chase & Co. lifted their target price on shares of PulteGroup from $121.00 to $123.00 and gave the stock an “overweight” rating in a research report on Wednesday, July 23rd. Wedbush restated an “outperform” rating and set a $150.00 target price on shares of PulteGroup in a research report on Wednesday. Seaport Res Ptn raised shares of PulteGroup from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, July 22nd. UBS Group boosted their price objective on shares of PulteGroup from $141.00 to $150.00 and gave the company a “buy” rating in a research report on Wednesday, July 23rd. Finally, Barclays cut their price objective on shares of PulteGroup from $100.00 to $98.00 and set an “equal weight” rating for the company in a research report on Wednesday, April 23rd. Six research analysts have rated the stock with a hold rating, nine have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $135.31.

PulteGroup Stock Performance

Shares of PHM stock opened at $130.01 on Thursday. PulteGroup, Inc. has a one year low of $88.07 and a one year high of $149.47. The company has a debt-to-equity ratio of 0.13, a quick ratio of 0.77 and a current ratio of 0.77. The company has a 50 day moving average price of $110.64 and a 200 day moving average price of $105.59. The firm has a market capitalization of $25.65 billion, a price-to-earnings ratio of 9.72, a price-to-earnings-growth ratio of 0.36 and a beta of 1.22.

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