PulteGroup, Inc. (PHM) Holdings Lifted by Robeco Institutional Asset Management B.V.
Robeco Institutional Asset Management B.V. raised its holdings in shares of PulteGroup, Inc. (NYSE:PHM) by 51.6% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 366,630 shares of the construction company’s stock after buying an additional 124,806 shares during the period. Robeco Institutional Asset Management B.V. owned about 0.13% of PulteGroup worth $9,082,000 at the end of the most recent reporting period.
Other large investors have also made changes to their positions in the company. Swiss National Bank boosted its position in shares of PulteGroup by 5.7% during the second quarter. Swiss National Bank now owns 896,900 shares of the construction company’s stock valued at $25,786,000 after buying an additional 48,100 shares during the period. Argyle Capital Management Inc. boosted its position in shares of PulteGroup by 11.2% during the third quarter. Argyle Capital Management Inc. now owns 93,950 shares of the construction company’s stock valued at $2,327,000 after buying an additional 9,500 shares during the period. Tredje AP fonden boosted its position in shares of PulteGroup by 4.7% during the second quarter. Tredje AP fonden now owns 71,557 shares of the construction company’s stock valued at $2,064,000 after buying an additional 3,197 shares during the period. Salem Investment Counselors Inc. boosted its position in shares of PulteGroup by 1,428.6% during the second quarter. Salem Investment Counselors Inc. now owns 10,700 shares of the construction company’s stock valued at $316,000 after buying an additional 10,000 shares during the period. Finally, CIBC World Markets Inc. boosted its position in shares of PulteGroup by 28.1% during the second quarter. CIBC World Markets Inc. now owns 104,983 shares of the construction company’s stock valued at $3,018,000 after buying an additional 23,045 shares during the period. Institutional investors and hedge funds own 90.27% of the company’s stock.
PHM has been the subject of several recent analyst reports. JPMorgan Chase & Co. lowered PulteGroup from an “overweight” rating to an “underweight” rating and dropped their target price for the company from $37.50 to $28.00 in a research report on Friday, September 21st. ValuEngine lowered PulteGroup from a “sell” rating to a “strong sell” rating in a research report on Thursday, September 27th. Bank of America set a $32.00 target price on PulteGroup and gave the company a “buy” rating in a research report on Thursday, October 11th. Deutsche Bank reaffirmed a “hold” rating and set a $24.00 price target (down previously from $34.00) on shares of PulteGroup in a research note on Monday, October 22nd. Finally, BTIG Research raised shares of PulteGroup from a “sell” rating to a “neutral” rating and set a $24.00 price target for the company in a research note on Wednesday, October 24th. Four investment analysts have rated the stock with a sell rating, eight have given a hold rating and seven have issued a buy rating to the company. The company presently has an average rating of “Hold” and a consensus target price of $31.00.
PulteGroup stock opened at $25.22 on Tuesday. The company has a quick ratio of 0.56, a current ratio of 0.56 and a debt-to-equity ratio of 0.64. PulteGroup, Inc. has a fifty-two week low of $20.64 and a fifty-two week high of $35.21. The company has a market cap of $7.01 billion, a PE ratio of 11.52, a P/E/G ratio of 0.41 and a beta of 0.92.
PulteGroup (NYSE:PHM) last posted its quarterly earnings results on Tuesday, October 23rd. The construction company reported $1.01 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.95 by $0.06. PulteGroup had a net margin of 8.63% and a return on equity of 21.98%. The firm had revenue of $2.65 billion during the quarter, compared to the consensus estimate of $2.62 billion. During the same quarter in the previous year, the firm posted $0.60 earnings per share. The company’s revenue was up 24.3% on a year-over-year basis. On average, sell-side analysts predict that PulteGroup, Inc. will post 3.58 EPS for the current year.
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PulteGroup, Inc, through its subsidiaries, primarily engages in the homebuilding business in the United States. The company is involved in the acquisition and development of land primarily for residential purposes; and the construction of housing on such land. It offers various home designs, including single-family detached, townhouses, condominiums, and duplexes under the Centex, Pulte Homes, Del Webb, DiVosta Homes, and John Wieland Homes and Neighborhoods names.
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