Massmutual Trust Co. FSB ADV Grows Stake in PulteGroup, Inc. (NYSE:PHM)

Massmutual Trust Co. FSB ADV increased its holdings in PulteGroup, Inc. (NYSE:PHM) by 9.9% during the second quarter, according to its most recent disclosure with the SEC. The institutional investor owned 1,381 shares of the construction company’s stock after buying an additional 124 shares during the period. Massmutual Trust Co. FSB ADV’s holdings in PulteGroup were worth $152,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in PHM. E Fund Management Hong Kong Co. Ltd. purchased a new position in shares of PulteGroup during the first quarter worth about $26,000. Benjamin Edwards Inc. bought a new stake in PulteGroup during the first quarter worth about $26,000. LRI Investments LLC purchased a new position in shares of PulteGroup in the 1st quarter worth about $28,000. Rakuten Securities Inc. bought a new position in shares of PulteGroup during the 4th quarter valued at about $37,000. Finally, Lindbrook Capital LLC boosted its stake in PulteGroup by 335.6% in the fourth quarter. Lindbrook Capital LLC now owns 379 shares of the construction company’s stock worth $39,000 after buying an additional 292 shares in the last quarter. Institutional investors own 89.90% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on PHM shares. Oppenheimer boosted their price objective on shares of PulteGroup from $143.00 to $151.00 and gave the stock an “outperform” rating in a report on Wednesday, July 24th. Royal Bank of Canada raised their price objective on PulteGroup from $113.00 to $120.00 and gave the company a “sector perform” rating in a research report on Wednesday, July 24th. StockNews.com raised shares of PulteGroup from a “hold” rating to a “buy” rating in a report on Wednesday, April 24th. Citigroup decreased their price objective on PulteGroup from $129.00 to $117.00 and set a “neutral” rating on the stock in a research note on Tuesday, July 2nd. Finally, BTIG Research upped their price objective on PulteGroup from $133.00 to $139.00 and gave the stock a “buy” rating in a research note on Wednesday, July 24th. Five investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. According to MarketBeat, PulteGroup has a consensus rating of “Moderate Buy” and an average price target of $133.14.

Insiders Place Their Bets

In other news, CFO Robert Oshaughnessy sold 28,993 shares of the firm’s stock in a transaction on Thursday, August 1st. The stock was sold at an average price of $129.29, for a total value of $3,748,504.97. Following the completion of the sale, the chief financial officer now owns 160,330 shares of the company’s stock, valued at approximately $20,729,065.70. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 0.83% of the company’s stock.

PulteGroup Trading Down 3.4 %

PHM stock traded down $4.31 during mid-day trading on Monday, reaching $123.36. The company had a trading volume of 2,252,703 shares, compared to its average volume of 1,864,291. PulteGroup, Inc. has a 12 month low of $68.80 and a 12 month high of $135.62. The company has a market capitalization of $25.95 billion, a PE ratio of 9.53, a price-to-earnings-growth ratio of 0.53 and a beta of 1.61. The firm has a 50 day moving average of $115.85 and a 200 day moving average of $112.53. The company has a debt-to-equity ratio of 0.15, a current ratio of 0.76 and a quick ratio of 0.76.

PulteGroup (NYSE:PHM) last released its quarterly earnings results on Tuesday, July 23rd. The construction company reported $3.83 EPS for the quarter, topping the consensus estimate of $3.27 by $0.56. PulteGroup had a return on equity of 25.67% and a net margin of 16.75%. The firm had revenue of $4.60 billion during the quarter, compared to analyst estimates of $4.49 billion. During the same period in the previous year, the company posted $3.00 EPS. The business’s revenue for the quarter was up 9.8% compared to the same quarter last year. On average, equities analysts predict that PulteGroup, Inc. will post 12.85 earnings per share for the current fiscal year.

PulteGroup 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.