Baader Bank Aktiengesellschaft Makes New $629,000 Investment in PulteGroup, Inc. (NYSE:PHM)

Baader Bank Aktiengesellschaft acquired a new position in PulteGroup, Inc. (NYSE:PHM) in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 5,715 shares of the construction company’s stock, valued at approximately $629,000.

A number of other hedge funds have also modified their holdings of the business. E Fund Management Hong Kong Co. Ltd. acquired a new position in PulteGroup in the first quarter valued at about $26,000. Benjamin Edwards Inc. acquired a new position in shares of PulteGroup in the 1st quarter worth approximately $26,000. LRI Investments LLC purchased a new position in shares of PulteGroup during the 1st quarter worth approximately $28,000. Rakuten Securities Inc. acquired a new stake in PulteGroup in the 4th quarter valued at approximately $37,000. Finally, Versant Capital Management Inc raised its position in PulteGroup by 551.8% in the second quarter. Versant Capital Management Inc now owns 365 shares of the construction company’s stock valued at $40,000 after purchasing an additional 309 shares during the period. 89.90% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities analysts recently issued reports on PHM shares. BTIG Research increased their target price on PulteGroup from $133.00 to $139.00 and gave the stock a “buy” rating in a research note on Wednesday, July 24th. Jefferies Financial Group increased their target price on shares of PulteGroup from $126.00 to $131.00 and gave the stock a “buy” rating in a report on Wednesday, April 24th. Barclays boosted their price target on shares of PulteGroup from $131.00 to $150.00 and gave the stock an “overweight” rating in a research note on Wednesday, July 24th. Evercore ISI increased their price objective on PulteGroup from $183.00 to $189.00 and gave the company an “outperform” rating in a research note on Monday, July 15th. Finally, Raymond James boosted their target price on PulteGroup from $135.00 to $145.00 and gave the stock an “outperform” rating in a research note on Thursday, July 25th. Six analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $133.14.

PulteGroup Stock Up 0.5 %

PHM stock traded up $0.67 during trading on Thursday, hitting $122.54. 1,644,033 shares of the company’s stock were exchanged, compared to its average volume of 1,853,365. The business has a 50-day moving average price of $117.09 and a two-hundred day moving average price of $113.44. The company has a current ratio of 0.76, a quick ratio of 0.76 and a debt-to-equity ratio of 0.15. The stock has a market capitalization of $25.43 billion, a price-to-earnings ratio of 9.76, a PEG ratio of 0.50 and a beta of 1.61. PulteGroup, Inc. has a 52-week low of $68.80 and a 52-week high of $135.62.

PulteGroup (NYSE:PHM) last issued its quarterly earnings data on Tuesday, July 23rd. The construction company reported $3.83 earnings per share for the quarter, topping the consensus estimate of $3.27 by $0.56. The business had revenue of $4.60 billion during the quarter, compared to the consensus estimate of $4.49 billion. PulteGroup had a net margin of 16.75% and a return on equity of 25.67%. The company’s revenue was up 9.8% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $3.00 EPS. As a group, equities research analysts expect that PulteGroup, Inc. will post 12.9 EPS for the current year.

Insiders Place Their Bets

In other news, CFO Robert Oshaughnessy sold 28,993 shares of the business’s stock in a transaction dated Thursday, August 1st. The stock was sold at an average price of $129.29, for a total value of $3,748,504.97. Following the completion of the sale, the chief financial officer now directly owns 160,330 shares of the company’s stock, valued at approximately $20,729,065.70. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 0.83% of the company’s stock.

PulteGroup Company Profile

PulteGroup, Inc, through its subsidiaries, primarily engages in the homebuilding business in the United States. It acquires and develops land primarily for residential purposes; and constructs housing on such land. The company also offers various home designs, including single-family detached, townhomes, condominiums, and duplexes under the Centex, Pulte Homes, Del Webb, DiVosta Homes, John Wieland Homes and Neighborhoods, and American West brand names.