Sumitomo Mitsui Trust Holdings Inc. decreased its position in PulteGroup, Inc. (NYSE:PHM) by 12.6% during the 2nd quarter, according to its most recent filing with the SEC. The institutional investor owned 1,553,360 shares of the construction company’s stock after selling 223,526 shares during the period. Sumitomo Mitsui Trust Holdings Inc.’s holdings in PulteGroup were worth $52,861,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Patriot Financial Group Insurance Agency LLC lifted its stake in PulteGroup by 77.9% in the 2nd quarter. Patriot Financial Group Insurance Agency LLC now owns 886 shares of the construction company’s stock valued at $30,000 after acquiring an additional 388 shares in the last quarter. Verus Capital Partners LLC bought a new stake in PulteGroup in the 4th quarter valued at approximately $35,000. Lenox Wealth Management Inc. bought a new stake in PulteGroup in the 1st quarter valued at approximately $35,000. Tsfg LLC bought a new stake in PulteGroup in the 2nd quarter valued at approximately $55,000. Finally, FinTrust Capital Advisors LLC increased its position in shares of PulteGroup by 110.1% during the 1st quarter. FinTrust Capital Advisors LLC now owns 1,645 shares of the construction company’s stock worth $37,000 after purchasing an additional 862 shares during the last quarter. Hedge funds and other institutional investors own 84.95% of the company’s stock.

Several research analysts have weighed in on PHM shares. Citigroup boosted their price target on PulteGroup from $43.00 to $44.00 and gave the stock a “buy” rating in a research report on Wednesday, July 22nd. Zacks Investment Research raised PulteGroup from a “hold” rating to a “strong-buy” rating and set a $46.00 price target on the stock in a research report on Tuesday, July 28th. Raymond James raised PulteGroup from a “market perform” rating to an “outperform” rating and set a $48.00 price target on the stock in a research report on Friday, July 24th. Barclays boosted their price target on PulteGroup from $36.00 to $44.00 and gave the stock an “equal weight” rating in a research report on Friday, July 24th. Finally, Cfra boosted their price target on PulteGroup from $18.00 to $29.00 and gave the stock a “hold” rating in a research report on Thursday, April 23rd. One analyst has rated the stock with a sell rating, nine have given a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company. The stock currently has an average rating of “Hold” and an average target price of $42.76.

Shares of NYSE PHM opened at $43.60 on Friday. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.13 and a quick ratio of 1.13. The stock’s fifty day moving average price is $36.09 and its two-hundred day moving average price is $34.65. PulteGroup, Inc. has a one year low of $17.12 and a one year high of $47.37. The firm has a market cap of $11.69 billion, a price-to-earnings ratio of 10.28, a P/E/G ratio of 1.13 and a beta of 1.34.

PulteGroup (NYSE:PHM) last issued its quarterly earnings data on Thursday, July 23rd. The construction company reported $1.15 EPS for the quarter, beating analysts’ consensus estimates of $0.84 by $0.31. PulteGroup had a return on equity of 20.10% and a net margin of 10.94%. The firm had revenue of $2.59 billion for the quarter, compared to analyst estimates of $2.53 billion. During the same period in the prior year, the firm posted $0.86 EPS. The company’s revenue for the quarter was up 3.8% on a year-over-year basis. On average, equities analysts anticipate that PulteGroup, Inc. will post 4.14 earnings per share for the current fiscal year.

About PulteGroup

PulteGroup, Inc, through its subsidiaries, primarily engages in the homebuilding business in the United States. The company acquires and develops land primarily for residential purposes; and constructs 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 brand names.

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Institutional Ownership by Quarter for PulteGroup (NYSE:PHM)

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