Aptus Capital Advisors LLC Boosts Stake in PulteGroup, Inc. $PHM

by · The Cerbat Gem

Aptus Capital Advisors LLC raised its position in PulteGroup, Inc. (NYSE:PHM – Free Report) by 7.9% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 134,627 shares of the construction company’s stock after purchasing an additional 9,847 shares during the quarter. Aptus Capital Advisors LLC’s holdings in PulteGroup were worth $13,840,000 as of its most recent SEC filing.

A number of other large investors also recently added to or reduced their stakes in the company. Ameriflex Group Inc. purchased a new stake in PulteGroup during the 4th quarter worth approximately $37,000. TD Waterhouse Canada Inc. boosted its holdings in PulteGroup by 43.0% in the fourth quarter. TD Waterhouse Canada Inc. now owns 349 shares of the construction company’s stock valued at $38,000 after purchasing an additional 105 shares during the period. American National Bank & Trust acquired a new position in PulteGroup during the 1st quarter worth $39,000. Quarry LP purchased a new stake in PulteGroup during the 4th quarter worth about $43,000. Finally, Catalyst Capital Advisors LLC acquired a new stake in PulteGroup in the 1st quarter valued at about $54,000. 89.90% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on PHM shares. Barclays lowered their price objective on PulteGroup from $100.00 to $98.00 and set an “equal weight” rating for the company in a research report on Wednesday, April 23rd. Wells Fargo & Company increased their price objective on shares of PulteGroup from $125.00 to $135.00 and gave the company an “overweight” rating in a research report on Wednesday, July 23rd. Wedbush restated an “outperform” rating and issued a $150.00 price objective on shares of PulteGroup in a report on Wednesday, August 13th. Royal Bank Of Canada boosted their target price on shares of PulteGroup from $109.00 to $112.00 and gave the stock a “sector perform” rating in a research note on Wednesday, July 23rd. Finally, UBS Group raised their price target on PulteGroup from $141.00 to $150.00 and gave the company a “buy” rating in a research note on Wednesday, July 23rd. Five investment analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, PulteGroup presently has a consensus rating of “Moderate Buy” and a consensus price target of $135.31.

Read Our Latest Research Report on PHM

PulteGroup Stock Down 0.3%

PHM opened at $128.33 on Tuesday. PulteGroup, Inc. has a one year low of $88.07 and a one year high of $149.47. The company has a debt-to-equity ratio of 0.13, a quick ratio of 0.77 and a current ratio of 0.77. The stock has a market capitalization of $25.32 billion, a P/E ratio of 9.59, a price-to-earnings-growth ratio of 0.38 and a beta of 1.22. The business’s 50-day simple moving average is $112.30 and its 200-day simple moving average is $105.73.

PulteGroup (NYSE:PHM – Get Free Report) last released its quarterly earnings results on Tuesday, July 22nd. The construction company reported $3.03 EPS for the quarter, topping the consensus estimate of $2.92 by $0.11. The company had revenue of $4.40 billion for the quarter, compared to analyst estimates of $4.42 billion. PulteGroup had a return on equity of 21.01% and a net margin of 15.50%. The firm’s revenue was down 4.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $3.83 earnings per share. Analysts anticipate that PulteGroup, Inc. will post 12.32 EPS for the current year.

PulteGroup Profile

(Free Report)

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.

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