GSA Capital Partners LLP raised its position in PulteGroup, Inc. (NYSE:PHM) by 554.1% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 66,238 shares of the construction company’s stock after purchasing an additional 56,112 shares during the quarter. GSA Capital Partners LLP’s holdings in PulteGroup were worth $1,641,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in PHM. Cornerstone Wealth Management LLC purchased a new stake in PulteGroup in the 2nd quarter valued at $447,000. Janney Montgomery Scott LLC grew its stake in shares of PulteGroup by 141.9% during the 2nd quarter. Janney Montgomery Scott LLC now owns 46,545 shares of the construction company’s stock worth $1,338,000 after acquiring an additional 27,302 shares during the period. Aperio Group LLC grew its stake in shares of PulteGroup by 5.6% during the 2nd quarter. Aperio Group LLC now owns 228,358 shares of the construction company’s stock worth $6,565,000 after acquiring an additional 12,184 shares during the period. Raymond James Financial Services Advisors Inc. grew its stake in shares of PulteGroup by 71.9% during the 2nd quarter. Raymond James Financial Services Advisors Inc. now owns 93,701 shares of the construction company’s stock worth $2,694,000 after acquiring an additional 39,191 shares during the period. Finally, Commonwealth Equity Services LLC grew its stake in shares of PulteGroup by 66.2% during the 2nd quarter. Commonwealth Equity Services LLC now owns 42,406 shares of the construction company’s stock worth $1,219,000 after acquiring an additional 16,897 shares during the period. 87.67% of the stock is currently owned by institutional investors.

Shares of NYSE PHM opened at $25.63 on Thursday. PulteGroup, Inc. has a 52 week low of $20.64 and a 52 week high of $35.21. The company has a quick ratio of 0.56, a current ratio of 0.56 and a debt-to-equity ratio of 0.64. The stock has a market capitalization of $7.20 billion, a price-to-earnings ratio of 11.70, a P/E/G ratio of 0.42 and a beta of 0.91.

PulteGroup (NYSE:PHM) last issued its earnings results on Tuesday, October 23rd. The construction company reported $1.01 EPS for the quarter, topping the consensus estimate of $0.95 by $0.06. PulteGroup had a return on equity of 21.98% and a net margin of 8.63%. The business had revenue of $2.65 billion during the quarter, compared to the consensus estimate of $2.62 billion. During the same quarter last year, the company earned $0.60 EPS. The firm’s revenue was up 24.3% compared to the same quarter last year. On average, equities analysts forecast that PulteGroup, Inc. will post 3.58 earnings per share for the current fiscal year.

Several research analysts have recently weighed in on the company. Bank of America downgraded PulteGroup from a “neutral” rating to an “underperform” rating and set a $26.00 price target for the company. in a research note on Monday, November 12th. Evercore ISI upgraded PulteGroup to an “outperform” rating and cut their price target for the stock from $29.00 to $28.00 in a research note on Thursday, October 25th. They noted that the move was a valuation call. Mizuho set a $28.00 price target on PulteGroup and gave the stock a “hold” rating in a research note on Wednesday, October 24th. JPMorgan Chase & Co. cut their price target on PulteGroup from $28.00 to $24.00 and set an “underweight” rating for the company in a research note on Wednesday, October 24th. Finally, BTIG Research upgraded PulteGroup from a “sell” rating to a “neutral” rating and set a $24.00 price target for the company in a research note on Wednesday, October 24th. Four research analysts have rated the stock with a sell rating, eight have assigned a hold rating and seven have issued a buy rating to the company. The stock presently has an average rating of “Hold” and an average target price of $31.00.

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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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