GAMMA Investing LLC Purchases 434 Shares of PulteGroup, Inc. (NYSE:PHM)

GAMMA Investing LLC grew its position in shares of PulteGroup, Inc. (NYSE:PHM) by 37.5% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 1,590 shares of the construction company’s stock after purchasing an additional 434 shares during the quarter. GAMMA Investing LLC’s holdings in PulteGroup were worth $175,000 as of its most recent SEC filing.

Several other hedge funds have also added to or reduced their stakes in PHM. Blair William & Co. IL lifted its stake in shares of PulteGroup by 1.9% in the first quarter. Blair William & Co. IL now owns 27,269 shares of the construction company’s stock worth $3,289,000 after acquiring an additional 516 shares during the period. Certuity LLC bought a new stake in shares of PulteGroup in the 4th quarter valued at $245,000. Banque Cantonale Vaudoise increased its position in shares of PulteGroup by 166.6% during the first quarter. Banque Cantonale Vaudoise now owns 13,146 shares of the construction company’s stock worth $1,586,000 after buying an additional 8,215 shares during the period. State Board of Administration of Florida Retirement System raised its stake in PulteGroup by 6.2% during the first quarter. State Board of Administration of Florida Retirement System now owns 297,544 shares of the construction company’s stock worth $35,890,000 after buying an additional 17,369 shares during the last quarter. Finally, Personal CFO Solutions LLC acquired a new position in PulteGroup in the fourth quarter valued at $719,000. 89.90% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at PulteGroup

In other PulteGroup news, CFO Robert Oshaughnessy sold 28,993 shares of the business’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 transaction, the chief financial officer now owns 160,330 shares of the company’s stock, valued at $20,729,065.70. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 0.83% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

PHM has been the subject of several research analyst reports. Bank of America lifted their price objective on PulteGroup from $135.00 to $138.00 and gave the stock a “buy” rating in a research report on Monday, July 22nd. Zelman & Associates raised shares of PulteGroup from a “neutral” rating to an “outperform” rating in a research report on Wednesday, April 24th. Barclays raised their price target on shares of PulteGroup from $131.00 to $150.00 and gave the stock an “overweight” rating in a report on Wednesday, July 24th. Wedbush reiterated a “neutral” rating and set a $115.00 price objective (up previously from $105.00) on shares of PulteGroup in a report on Tuesday, July 23rd. Finally, BTIG Research raised their target price on PulteGroup from $133.00 to $139.00 and gave the company a “buy” rating in a research note on Wednesday, July 24th. Five analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $133.14.

PulteGroup Stock Up 3.0 %

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

PulteGroup (NYSE:PHM) last released its quarterly earnings results 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. PulteGroup had a net margin of 16.75% and a return on equity of 25.67%. The company had revenue of $4.60 billion for the quarter, compared to analyst estimates of $4.49 billion. During the same period last year, the firm earned $3.00 earnings per share. The firm’s revenue was up 9.8% on a year-over-year basis. Equities analysts predict that PulteGroup, Inc. will post 12.85 earnings per share 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.