Everhart Financial Group Inc. Has $546,000 Holdings in PulteGroup, Inc. (NYSE:PHM)

Everhart Financial Group Inc. grew its position in PulteGroup, Inc. (NYSE:PHM) by 18.8% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 4,963 shares of the construction company’s stock after purchasing an additional 786 shares during the period. Everhart Financial Group Inc.’s holdings in PulteGroup were worth $546,000 at the end of the most recent quarter.

A number of other hedge funds have also made changes to their positions in PHM. International Assets Investment Management LLC acquired a new position in shares of PulteGroup during the 4th quarter valued at about $2,103,000. J.W. Cole Advisors Inc. increased its holdings in shares of PulteGroup by 7.2% during the 4th quarter. J.W. Cole Advisors Inc. now owns 3,040 shares of the construction company’s stock valued at $314,000 after acquiring an additional 204 shares during the last quarter. abrdn plc increased its holdings in shares of PulteGroup by 52.4% during the 4th quarter. abrdn plc now owns 117,734 shares of the construction company’s stock valued at $12,153,000 after acquiring an additional 40,469 shares during the last quarter. Lindbrook Capital LLC increased its holdings in shares of PulteGroup by 335.6% during the 4th quarter. Lindbrook Capital LLC now owns 379 shares of the construction company’s stock valued at $39,000 after acquiring an additional 292 shares during the last quarter. Finally, Signaturefd LLC increased its holdings in shares of PulteGroup by 2.7% during the 4th quarter. Signaturefd LLC now owns 5,722 shares of the construction company’s stock valued at $591,000 after acquiring an additional 152 shares during the last quarter. Institutional investors and hedge funds own 89.90% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have issued reports on the company. JPMorgan Chase & Co. raised their target price on PulteGroup from $141.00 to $152.00 and gave the company an “overweight” rating in a report on Thursday, July 25th. Royal Bank of Canada raised their target price on PulteGroup from $113.00 to $120.00 and gave the company a “sector perform” rating in a report on Wednesday, July 24th. Raymond James raised their target price on PulteGroup from $135.00 to $145.00 and gave the company an “outperform” rating in a report on Thursday, July 25th. Bank of America raised their target price on PulteGroup from $135.00 to $138.00 and gave the company a “buy” rating in a report on Monday, July 22nd. Finally, Evercore ISI raised their target price on PulteGroup from $183.00 to $189.00 and gave the company an “outperform” rating in a report on Monday, July 15th. Six research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $133.14.

Insider Activity

In other news, CFO Robert Oshaughnessy sold 28,993 shares of PulteGroup 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 directly 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 this link. Insiders own 0.83% of the company’s stock.

PulteGroup Price Performance

Shares of PulteGroup stock traded up $5.91 during midday trading on Friday, hitting $135.13. 2,783,667 shares of the company were exchanged, compared to its average volume of 1,850,939. 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 has a market cap of $28.04 billion, a P/E ratio of 10.82, a PEG ratio of 0.50 and a beta of 1.61. PulteGroup, Inc. has a 52 week low of $68.80 and a 52 week high of $135.62. The firm has a 50 day simple moving average of $118.94 and a 200-day simple moving average of $114.43.

PulteGroup (NYSE:PHM) last posted its 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 business had revenue of $4.60 billion during the quarter, compared to the consensus estimate of $4.49 billion. During the same quarter last year, the company earned $3.00 EPS. PulteGroup’s revenue was up 9.8% on a year-over-year basis. Research analysts forecast that PulteGroup, Inc. will post 12.9 earnings per share for the current 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.