PulteGroup, Inc. (NYSE:PHM) Shares Bought by GAMMA Investing LLC

GAMMA Investing LLC raised its holdings in shares of PulteGroup, Inc. (NYSE:PHM) by 37.5% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,590 shares of the construction company’s stock after acquiring an additional 434 shares during the period. GAMMA Investing LLC’s holdings in PulteGroup were worth $175,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. First Horizon Advisors Inc. boosted its holdings in PulteGroup by 2.9% in the fourth quarter. First Horizon Advisors Inc. now owns 3,594 shares of the construction company’s stock valued at $371,000 after purchasing an additional 100 shares during the last quarter. Tocqueville Asset Management L.P. boosted its position in PulteGroup by 2.0% in the 1st quarter. Tocqueville Asset Management L.P. now owns 5,092 shares of the construction company’s stock worth $614,000 after purchasing an additional 101 shares in the last quarter. Global Retirement Partners LLC boosted its position in PulteGroup by 4.9% in the 1st quarter. Global Retirement Partners LLC now owns 2,226 shares of the construction company’s stock worth $269,000 after purchasing an additional 103 shares in the last quarter. NBC Securities Inc. increased its holdings in shares of PulteGroup by 2.4% during the 1st quarter. NBC Securities Inc. now owns 4,774 shares of the construction company’s stock valued at $575,000 after purchasing an additional 112 shares in the last quarter. Finally, Accurate Wealth Management LLC lifted its stake in shares of PulteGroup by 6.8% in the 1st quarter. Accurate Wealth Management LLC now owns 2,051 shares of the construction company’s stock valued at $247,000 after purchasing an additional 130 shares during the period. 89.90% of the stock is owned by hedge funds and other institutional investors.

PulteGroup Price Performance

NYSE PHM traded up $3.64 during trading hours on Tuesday, hitting $127.00. 836,203 shares of the company’s stock traded hands, compared to its average volume of 1,857,442. The company has a debt-to-equity ratio of 0.15, a current ratio of 0.76 and a quick ratio of 0.76. The firm’s 50-day moving average is $116.03 and its 200-day moving average is $112.66. PulteGroup, Inc. has a 52-week low of $68.80 and a 52-week high of $135.62. The company has a market capitalization of $26.71 billion, a PE ratio of 10.16, a PEG ratio of 0.53 and a beta of 1.61.

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

Analyst Ratings Changes

A number of brokerages have weighed in on PHM. StockNews.com upgraded shares of PulteGroup from a “hold” rating to a “buy” rating in a research report on Wednesday, April 24th. Royal Bank of Canada upped their price target on PulteGroup from $113.00 to $120.00 and gave the stock a “sector perform” rating in a report on Wednesday, July 24th. BTIG Research raised their price objective on PulteGroup from $133.00 to $139.00 and gave the company a “buy” rating in a report on Wednesday, July 24th. Evercore ISI upped their target price on PulteGroup from $183.00 to $189.00 and gave the stock an “outperform” rating in a research note on Monday, July 15th. Finally, Barclays lifted their price target on shares of PulteGroup from $131.00 to $150.00 and gave the company an “overweight” rating in a research note on Wednesday, July 24th. Five equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $133.14.

Insider Buying and Selling

In related news, CFO Robert Oshaughnessy sold 28,993 shares of the company’s stock in a transaction that occurred 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 transaction, the chief financial officer now directly owns 160,330 shares in the company, valued at $20,729,065.70. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.83% of the stock is owned by company insiders.

About PulteGroup

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.