Pillar Pacific Capital Management LLC raised its position in shares of PulteGroup Inc. (NYSE:PHM) by 45.0% during the third quarter, Holdings Channel reports. The firm owned 18,450 shares of the company’s stock after buying an additional 5,724 shares during the period. Pillar Pacific Capital Management LLC’s holdings in PulteGroup were worth $370,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. First Quadrant L P CA acquired a new position in PulteGroup during the second quarter worth $109,000. IFP Advisors Inc raised its position in PulteGroup by 1.6% in the second quarter. IFP Advisors Inc now owns 5,597 shares of the company’s stock worth $109,000 after buying an additional 90 shares during the period. Orinda Asset Management LLC acquired a new position in PulteGroup during the third quarter worth $153,000. Levin Capital Strategies L.P. purchased a new position in PulteGroup during the second quarter worth $195,000. Finally, Advisory Services Network LLC raised its position in PulteGroup by 5.4% in the third quarter. Advisory Services Network LLC now owns 9,811 shares of the company’s stock worth $197,000 after buying an additional 501 shares during the last quarter. 88.28% of the stock is currently owned by hedge funds and other institutional investors.
Shares of PulteGroup Inc. (NYSE:PHM) traded down 1.220% during trading on Monday, reaching $19.035. 2,169,005 shares of the company traded hands. The company has a market capitalization of $6.30 billion, a P/E ratio of 11.972 and a beta of 1.27. PulteGroup Inc. has a 52 week low of $14.61 and a 52 week high of $22.40. The company’s 50-day moving average price is $18.91 and its 200-day moving average price is $19.72.
PulteGroup (NYSE:PHM) last posted its earnings results on Thursday, October 20th. The company reported $0.43 earnings per share (EPS) for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.43. The business had revenue of $1.94 billion for the quarter, compared to analysts’ expectations of $1.94 billion. PulteGroup had a net margin of 7.70% and a return on equity of 11.86%. The business’s revenue for the quarter was up 29.0% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.33 EPS. Equities research analysts forecast that PulteGroup Inc. will post $1.53 EPS for the current fiscal year.
A number of research analysts recently weighed in on PHM shares. Zacks Investment Research lowered shares of PulteGroup from a “hold” rating to a “strong sell” rating in a research report on Monday, October 24th. Wedbush started coverage on shares of PulteGroup in a research report on Monday, September 19th. They set an “underperform” rating and a $16.00 price target on the stock. FBR & Co reissued a “marketperform” rating and set a $24.00 price target on shares of PulteGroup in a research report on Thursday, September 29th. Wells Fargo & Co. started coverage on shares of PulteGroup in a research report on Wednesday, September 28th. They set a “market perform” rating on the stock. Finally, Evercore ISI started coverage on shares of PulteGroup in a research report on Monday, November 14th. They set a “hold” rating and a $18.00 price target on the stock. Four investment analysts have rated the stock with a sell rating, eight have given a hold rating and five have assigned a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus price target of $21.31.
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.