Livforsakringsbolaget Skandia Omsesidigt Makes New $15.17 Million Investment in PulteGroup, Inc. $PHM

Livforsakringsbolaget Skandia Omsesidigt bought a new stake in PulteGroup, Inc. (NYSE:PHM) during the second quarter, HoldingsChannel.com reports. The firm bought 110,452 shares of the construction company’s stock, valued at approximately $15,172,000.

Several other hedge funds and other institutional investors also recently modified their holdings of the business. Franklin Resources Inc. grew its position in PulteGroup by 5.1% in the fourth quarter. Franklin Resources Inc. now owns 13,555,304 shares of the construction company’s stock valued at $1,589,495,000 after acquiring an additional 655,033 shares during the last quarter. First Trust Advisors LP lifted its holdings in shares of PulteGroup by 7.8% in the first quarter. First Trust Advisors LP now owns 4,314,501 shares of the construction company’s stock worth $507,428,000 after acquiring an additional 313,581 shares during the last quarter. Price T Rowe Associates Inc. MD boosted its stake in shares of PulteGroup by 126.5% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 4,284,197 shares of the construction company’s stock valued at $502,366,000 after purchasing an additional 2,392,580 shares in the last quarter. Norges Bank acquired a new stake in shares of PulteGroup in the 4th quarter valued at approximately $466,653,000. Finally, Dimensional Fund Advisors LP grew its holdings in shares of PulteGroup by 0.9% during the 1st quarter. Dimensional Fund Advisors LP now owns 3,146,857 shares of the construction company’s stock valued at $370,008,000 after purchasing an additional 26,790 shares during the last quarter. Institutional investors own 89.90% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on the stock. Evercore reiterated an “outperform” rating and set a $162.00 price objective on shares of PulteGroup in a research report on Thursday, July 23rd. Oppenheimer reaffirmed an “outperform” rating on shares of PulteGroup in a research note on Tuesday, May 26th. Wolfe Research set a $129.00 price target on shares of PulteGroup and gave the stock an “outperform” rating in a report on Monday. UBS Group reiterated a “buy” rating and issued a $166.00 price target on shares of PulteGroup in a research note on Thursday, July 23rd. Finally, Wells Fargo & Company boosted their price objective on PulteGroup from $140.00 to $150.00 and gave the stock an “overweight” rating in a research report on Monday, July 6th. Thirteen equities research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $142.20.

PulteGroup Trading Up 1.5%

NYSE PHM opened at $128.66 on Friday. The firm has a market capitalization of $24.12 billion, a PE ratio of 13.14, a price-to-earnings-growth ratio of 1.57 and a beta of 1.19. The business’s 50-day moving average price is $129.52 and its two-hundred day moving average price is $125.61. The company has a current ratio of 0.78, a quick ratio of 0.78 and a debt-to-equity ratio of 0.14. PulteGroup, Inc. has a 12 month low of $108.49 and a 12 month high of $144.49.

PulteGroup (NYSE:PHM) 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. PulteGroup had a return on equity of 15.21% and a net margin of 11.62%.The company had revenue of $3.98 billion for the quarter, compared to analyst estimates of $3.94 billion. During the same period in the previous year, the firm earned $3.03 earnings per share. The firm’s quarterly revenue was down 9.6% on a year-over-year basis. On average, analysts expect that PulteGroup, Inc. will post 10.12 EPS for the current year.

PulteGroup Profile

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.