PulteGroup, Inc. (NYSE:PHM) Shares Bought by Sumitomo Mitsui DS Asset Management Company Ltd

Sumitomo Mitsui DS Asset Management Company Ltd grew its holdings in PulteGroup, Inc. (NYSE:PHM) by 2.6% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 22,009 shares of the construction company’s stock after acquiring an additional 557 shares during the period. Sumitomo Mitsui DS Asset Management Company Ltd’s holdings in PulteGroup were worth $2,423,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also modified their holdings of the stock. E Fund Management Hong Kong Co. Ltd. purchased a new stake in PulteGroup during the 1st quarter worth about $26,000. Benjamin Edwards Inc. acquired a new stake in PulteGroup in the first quarter valued at approximately $26,000. LRI Investments LLC purchased a new position in PulteGroup in the first quarter worth approximately $28,000. Continuum Advisory LLC grew its holdings in PulteGroup by 94.5% during the 2nd quarter. Continuum Advisory LLC now owns 317 shares of the construction company’s stock worth $35,000 after acquiring an additional 154 shares in the last quarter. Finally, Security National Bank acquired a new stake in shares of PulteGroup in the 4th quarter valued at $40,000. Hedge funds and other institutional investors own 89.90% of the company’s stock.

Insider Transactions at PulteGroup

In other PulteGroup news, CFO Robert Oshaughnessy sold 28,993 shares of PulteGroup 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 sale, the chief financial officer now owns 160,330 shares of the company’s stock, valued at approximately $20,729,065.70. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In other PulteGroup news, CFO Robert Oshaughnessy sold 28,993 shares of the business’s stock in a transaction on Thursday, August 1st. The shares were sold at an average price of $129.29, for a total transaction of $3,748,504.97. Following the sale, the chief financial officer now directly owns 160,330 shares in the company, valued at approximately $20,729,065.70. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Thomas J. Folliard sold 19,000 shares of the stock in a transaction dated Wednesday, August 28th. The shares were sold at an average price of $131.14, for a total transaction of $2,491,660.00. Following the completion of the transaction, the director now owns 45,230 shares of the company’s stock, valued at approximately $5,931,462.20. The disclosure for this sale can be found here. Insiders have sold a total of 119,000 shares of company stock worth $15,814,039 over the last ninety days. 0.83% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

PHM has been the subject of a number of analyst reports. Bank of America boosted their target price on shares of PulteGroup from $135.00 to $138.00 and gave the stock a “buy” rating in a research note on Monday, July 22nd. Wedbush reissued a “neutral” rating and set a $115.00 target price on shares of PulteGroup in a research report on Friday, August 16th. BTIG Research upped their price target on PulteGroup from $133.00 to $139.00 and gave the company a “buy” rating in a report on Wednesday, July 24th. Evercore ISI raised their price objective on shares of PulteGroup from $183.00 to $189.00 and gave the stock an “outperform” rating in a report on Monday, July 15th. Finally, Citigroup lowered their target price on shares of PulteGroup from $129.00 to $117.00 and set a “neutral” rating for the company in a report on Tuesday, July 2nd. Six equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $133.14.

PulteGroup Trading Up 1.2 %

Shares of PHM stock opened at $131.65 on Friday. The company has a market capitalization of $27.69 billion, a P/E ratio of 10.54, a price-to-earnings-growth ratio of 0.50 and a beta of 1.61. The company has a current ratio of 0.76, a quick ratio of 0.76 and a debt-to-equity ratio of 0.15. The business’s 50 day moving average is $120.93 and its two-hundred day moving average is $115.40. PulteGroup, Inc. has a twelve month low of $68.80 and a twelve month high of $136.47.

PulteGroup (NYSE:PHM) last posted its quarterly earnings data on Tuesday, July 23rd. The construction company reported $3.83 earnings per share for the quarter, beating analysts’ consensus estimates of $3.27 by $0.56. The firm had revenue of $4.60 billion for the quarter, compared to analyst estimates of $4.49 billion. PulteGroup had a net margin of 16.75% and a return on equity of 25.67%. PulteGroup’s quarterly revenue was up 9.8% on a year-over-year basis. During the same period last year, the firm posted $3.00 EPS. Equities analysts forecast that PulteGroup, Inc. will post 12.9 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.