Zurcher Kantonalbank Zurich Cantonalbank cut its stake in PulteGroup, Inc. (NYSE:PHM) by 47.5% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 89,476 shares of the construction company’s stock after selling 80,966 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in PulteGroup were worth $2,195,000 as of its most recent filing with the Securities & Exchange Commission.
Other hedge funds also recently made changes to their positions in the company. IFP Advisors Inc grew its stake in shares of PulteGroup by 12.0% in the first quarter. IFP Advisors Inc now owns 5,959 shares of the construction company’s stock worth $140,000 after acquiring an additional 638 shares during the period. Northwestern Mutual Wealth Management Co. grew its stake in shares of PulteGroup by 12.4% in the first quarter. Northwestern Mutual Wealth Management Co. now owns 6,380 shares of the construction company’s stock worth $150,000 after acquiring an additional 702 shares during the period. Ameritas Investment Partners Inc. bought a new stake in shares of PulteGroup in the first quarter worth approximately $155,000. Acadian Asset Management LLC bought a new stake in shares of PulteGroup in the first quarter worth approximately $197,000. Finally, Commerce Bank bought a new stake in shares of PulteGroup in the first quarter worth approximately $207,000. Hedge funds and other institutional investors own 85.80% of the company’s stock.
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A number of brokerages have recently commented on PHM. Barclays PLC lowered shares of PulteGroup from an “overweight” rating to an “equal weight” rating and set a $24.00 price target for the company. in a research note on Tuesday, July 11th. They noted that the move was a valuation call. Mizuho lowered shares of PulteGroup from a “neutral” rating to an “underperform” rating and set a $22.00 price target for the company. in a research note on Monday, July 10th. BidaskClub lowered shares of PulteGroup from a “strong-buy” rating to a “buy” rating in a research note on Thursday, July 13th. MKM Partners reiterated a “neutral” rating on shares of PulteGroup in a research note on Tuesday. Finally, Zacks Investment Research upgraded shares of PulteGroup from a “hold” rating to a “buy” rating and set a $27.00 price target for the company in a research note on Tuesday, July 4th. One equities research analyst has rated the stock with a sell rating, ten have given a hold rating, five have given a buy rating and one has issued a strong buy rating to the company. The company has an average rating of “Hold” and a consensus price target of $25.08.
PulteGroup, Inc. (NYSE:PHM) opened at 25.63 on Thursday. The company has a 50 day moving average of $25.10 and a 200-day moving average of $23.81. The stock has a market cap of $7.73 billion, a P/E ratio of 14.18 and a beta of 1.08. PulteGroup, Inc. has a 12-month low of $17.69 and a 12-month high of $26.05.
PulteGroup (NYSE:PHM) last issued its quarterly earnings data on Tuesday, July 25th. The construction company reported $0.47 EPS for the quarter, topping analysts’ consensus estimates of $0.45 by $0.02. The business had revenue of $2.02 billion for the quarter, compared to analysts’ expectations of $2.03 billion. PulteGroup had a net margin of 7.35% and a return on equity of 13.43%. The business’s revenue was up 12.3% on a year-over-year basis. During the same quarter last year, the company earned $0.37 EPS. Equities analysts forecast that PulteGroup, Inc. will post $2.09 earnings per share for the current year.
PulteGroup, Inc is a homebuilder in the United States. The Company’s segments include Homebuilding and Financial Services. Its Homebuilding operations are engaged in the acquisition and development of land primarily for residential purposes within the United States and the construction of housing on such land.
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