PulteGroup, Inc. (NYSE:PHM) Shares Bought by Lebenthal Global Advisors LLC

Lebenthal Global Advisors LLC lifted its stake in shares of PulteGroup, Inc. (NYSE:PHM) by 3.9% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 2,329 shares of the construction company’s stock after purchasing an additional 87 shares during the quarter. Lebenthal Global Advisors LLC’s holdings in PulteGroup were worth $256,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also made changes to their positions in PHM. E Fund Management Hong Kong Co. Ltd. acquired a new stake in PulteGroup in the first quarter worth $26,000. Benjamin Edwards Inc. acquired a new stake in shares of PulteGroup in the 1st quarter worth about $26,000. LRI Investments LLC acquired a new stake in shares of PulteGroup in the 1st quarter worth about $28,000. Continuum Advisory LLC boosted its stake in PulteGroup by 94.5% during the 2nd quarter. Continuum Advisory LLC now owns 317 shares of the construction company’s stock valued at $35,000 after purchasing an additional 154 shares during the period. Finally, Lindbrook Capital LLC grew its position in PulteGroup by 335.6% in the 4th quarter. Lindbrook Capital LLC now owns 379 shares of the construction company’s stock worth $39,000 after purchasing an additional 292 shares during the last quarter. Institutional investors own 89.90% of the company’s stock.

PulteGroup Price Performance

PHM stock traded up $5.91 on Friday, hitting $135.13. 2,783,667 shares of the company’s stock traded hands, compared to its average volume of 1,850,939. The stock has a market cap of $28.04 billion, a price-to-earnings ratio of 10.82, a P/E/G ratio of 0.50 and a beta of 1.61. PulteGroup, Inc. has a 1-year low of $68.80 and a 1-year high of $135.62. 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 stock has a fifty day moving average of $118.94 and a 200-day moving average of $114.43.

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 the consensus estimate of $3.27 by $0.56. The company had revenue of $4.60 billion for the quarter, compared to analysts’ expectations of $4.49 billion. PulteGroup had a return on equity of 25.67% and a net margin of 16.75%. The firm’s revenue was up 9.8% on a year-over-year basis. During the same quarter in the prior year, the company earned $3.00 earnings per share. On average, analysts forecast that PulteGroup, Inc. will post 12.9 EPS for the current fiscal year.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on the company. Raymond James lifted their price target on PulteGroup from $135.00 to $145.00 and gave the company an “outperform” rating in a report on Thursday, July 25th. Oppenheimer boosted their price target on PulteGroup from $143.00 to $151.00 and gave the stock an “outperform” rating in a research report on Wednesday, July 24th. Citigroup decreased their price target on PulteGroup from $129.00 to $117.00 and set a “neutral” rating for the company in a research note on Tuesday, July 2nd. BTIG Research lifted their price objective on shares of PulteGroup from $133.00 to $139.00 and gave the company a “buy” rating in a research note on Wednesday, July 24th. Finally, JPMorgan Chase & Co. increased their target price on shares of PulteGroup from $141.00 to $152.00 and gave the company an “overweight” rating in a research report on Thursday, July 25th. Six analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. Based on data from MarketBeat, PulteGroup presently has a consensus rating of “Moderate Buy” and an average target price of $133.14.

Insider Transactions at PulteGroup

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

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.