November 28, 2016 - By Nellie Frank · 0 Comments
Pultegroup Inc (NYSE:PHM) institutional sentiment increased to 0.88 in 2016 Q2. Its up 0.01, from 0.87 in 2016Q1. The ratio is more positive, as 161 funds opened new or increased stock positions, while 185 sold and reduced their stakes in Pultegroup Inc. The funds in our partner’s database now hold: 290.87 million shares, down from 291.71 million shares in 2016Q1. Also, the number of funds holding Pultegroup Inc in their top 10 stock positions decreased from 11 to 9 for a decrease of 2. Sold All: 55 Reduced: 130 Increased: 118 New Position: 43.
PulteGroup, Inc. is a homebuilder operating in the United States. The company has a market cap of $6.41 billion. The Company, through Pulte Mortgage LLC, is engaged in mortgage banking activities and title operations. It has a 11.98 P/E ratio. The Company’s subsidiaries are also engaged in the homebuilding business.
About 3.77 million shares traded hands. PulteGroup, Inc. (NYSE:PHM) has risen 2.45% since April 25, 2016 and is uptrending. It has underperformed by 3.57% the S&P500.
Analysts await PulteGroup, Inc. (NYSE:PHM) to report earnings on January, 26. They expect $0.58 EPS, up 1.75% or $0.01 from last year’s $0.57 per share. PHM’s profit will be $194.65 million for 8.23 P/E if the $0.58 EPS becomes a reality. After $0.43 actual EPS reported by PulteGroup, Inc. for the previous quarter, Wall Street now forecasts 34.88% EPS growth.
According to Zacks Investment Research, “Pulte Corporation is a publicly held holding company whose subsidiaries engage in the homebuilding and financial services businesses. The company’s significant subsidiaries include Pulte Financial Companies, Inc., Pulte Diversified Companies, Inc., and other subsidiaries which are engaged in the homebuilding business.”
Greenbrier Partners Capital Management Llc holds 6.43% of its portfolio in PulteGroup, Inc. for 1.20 million shares. Wilsey Asset Management Inc owns 421,508 shares or 5.88% of their US portfolio. Moreover, Element Capital Management Llc has 5.87% invested in the company for 1.99 million shares. The Massachusetts-based Covalent Partners Llc has invested 5.14% in the stock. Cumberland Partners Ltd, a Ontario – Canada-based fund reported 1.70 million shares.#img1#
Insider Transactions: Since January 1, 0001, the stock had 0 insider purchases, and 7 insider sales for $12.19 million net activity.
Ratings analysis reveals 21% of PulteGroup’s analysts are positive. Out of 14 Wall Street analysts rating PulteGroup, 3 give it “Buy”, 3 “Sell” rating, while 8 recommend “Hold”. The lowest target is $16 while the high is $26. The stock’s average target of $19.82 is 3.77% above today’s ($19.1) share price. PHM was included in 28 notes of analysts from September 11, 2015. On Tuesday, December 22 the stock rating was downgraded by Sterne Agee CRT to “Neutral”. Bank of America downgraded the stock to “Underperform” rating in Wednesday, March 16 report. The stock has “Outperform” rating given by Raymond James on Friday, January 8. The rating was downgraded by Zelman on Monday, April 4 to “Hold”. JP Morgan upgraded PulteGroup, Inc. (NYSE:PHM) on Friday, July 22 to “Overweight” rating. The firm has “Neutral” rating by JP Morgan given on Tuesday, April 5. The rating was downgraded by KeyBanc Capital Markets on Monday, April 4 to “Sector Perform”. The stock of PulteGroup, Inc. (NYSE:PHM) earned “Equal-Weight” rating by Barclays Capital on Wednesday, April 6. Morgan Stanley downgraded the shares of PHM in a report on Tuesday, October 13 to “Underweight” rating. The stock of PulteGroup, Inc. (NYSE:PHM) earned “Market Perform” rating by Raymond James on Monday, April 25.
PulteGroup, Inc., incorporated on October 17, 1987, is a homebuilder operating in the United States. The Company, through Pulte Mortgage LLC, is engaged in mortgage banking activities and title operations. The Company’s subsidiaries are also engaged in the homebuilding business. The Firm operates through Homebuilding and Financial Services divisions. The Company’s homebuilding business includes the acquisition and development of land primarily for residential purposes within the United States and the construction of housing on that land. The Company’s brands include Pulte Homes, Del Webb and Centex. The Company, through its brands offer a range of home designs, including single-family detached, townhouses, condominiums and duplexes.
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By Nellie Frank