Trade Report: Today, Icon Advisers Inc. Co. decides to keep it stake in PulteGroup Inc. (PHM) to the level of $4,477,000

Today, Icon Advisers Inc. Co. decides to keep it stake in PulteGroup Inc. (PHM) to the level of $4,477,000

Icon Advisers Inc. Co. raised its stake in PulteGroup Inc. (NYSE:PHM) by 3.5% during the third quarter, Holdings Channel reports. The firm owned 223,390 shares of the company’s stock after buying an additional 7,500 shares during the period. Icon Advisers Inc. Co. owned about 0.07% of PulteGroup worth $4,477,000 as of its most recent SEC filing.

Several other large investors have also bought and sold shares of the company. Legal & General Group Plc raised its position in shares of PulteGroup by 3.0% in the first quarter. Legal & General Group Plc now owns 1,258,377 shares of the company’s stock valued at $23,544,000 after buying an additional 36,941 shares during the period. LPL Financial LLC raised its position in shares of PulteGroup by 8.0% in the first quarter. LPL Financial LLC now owns 54,631 shares of the company’s stock valued at $959,000 after buying an additional 4,054 shares during the period. Squarepoint Ops LLC raised its position in shares of PulteGroup by 67.4% in the first quarter. Squarepoint Ops LLC now owns 108,271 shares of the company’s stock valued at $2,026,000 after buying an additional 43,607 shares during the period. Raymond James Trust N.A. purchased a new position in shares of PulteGroup during the second quarter valued at $236,000. Finally, Exxonmobil Investment Management Inc. TX raised its position in shares of PulteGroup by 5.4% in the second quarter. Exxonmobil Investment Management Inc. TX now owns 81,509 shares of the company’s stock valued at $1,589,000 after buying an additional 4,151 shares during the period. Institutional investors and hedge funds own 91.28% of the company’s stock.

PulteGroup Inc. (NYSE:PHM) traded up 2.05% during trading on Friday, reaching $19.38. The company had a trading volume of 1,078,752 shares. PulteGroup Inc. has a 12-month low of $14.61 and a 12-month high of $22.40. The firm has a 50-day moving average price of $18.98 and a 200 day moving average price of $19.71. The stock has a market cap of $6.41 billion, a P/E ratio of 12.19 and a beta of 1.27.

PulteGroup (NYSE:PHM) last posted its quarterly earnings results on Thursday, October 20th. The company reported $0.43 EPS for the quarter, meeting the consensus estimate of $0.43. PulteGroup had a net margin of 7.70% and a return on equity of 11.86%. The business had revenue of $1.94 billion for the quarter, compared to analysts’ expectations of $1.94 billion. During the same period in the previous year, the company posted $0.33 EPS. PulteGroup’s revenue was up 29.0% on a year-over-year basis. Equities research analysts predict that PulteGroup Inc. will post $1.53 EPS for the current fiscal year.

Several research analysts recently weighed in on PHM shares. Deutsche Bank AG reaffirmed a “buy” rating and issued a $27.00 target price on shares of PulteGroup in a research report on Thursday, September 15th. Wedbush started coverage on PulteGroup in a research report on Monday, September 19th. They issued an “underperform” rating and a $16.00 target price on the stock. Zacks Investment Research lowered PulteGroup from a “buy” rating to a “hold” rating in a research report on Tuesday, September 27th. Wells Fargo & Co. started coverage on PulteGroup in a research report on Wednesday, September 28th. They issued a “market perform” rating on the stock. Finally, FBR & Co reaffirmed a “marketperform” rating and issued a $24.00 target price on shares of PulteGroup in a research report on Thursday, September 29th. Four equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and five have assigned a buy rating to the stock. The company has an average rating of “Hold” and an average target price of $21.31.

About PulteGroup

PulteGroup, Inc is a homebuilder operating in the United States. The Company, through Pulte Mortgage LLC, is engaged in mortgage banking operations and title operations. The Company’s subsidiaries are also engaged in the homebuilding business. The Company operates through Homebuilding and Financial Services segments.

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