First National Bank of Omaha continued to hold its stake in PulteGroup, Inc. (NYSE:PHM) during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 63,000 shares of the construction company’s stock at the end of the second quarter. First National Bank of Omaha’s holdings in PulteGroup were worth $1,325,000 at the end of the most recent quarter.
A number of other large investors have also recently added to or reduced their stakes in the company. Hartwell J M Limited Partnership increased its stake in PulteGroup by 4.3% in the second quarter. Hartwell J M Limited Partnership now owns 22,850 shares of the construction company’s stock valued at $561,000 after buying an additional 950 shares during the last quarter. Commerce Bank bought a new stake in PulteGroup during the first quarter valued at $207,000. First Trust Advisors LP increased its stake in PulteGroup by 30.0% in the first quarter. First Trust Advisors LP now owns 1,264,856 shares of the construction company’s stock valued at $29,787,000 after buying an additional 291,555 shares during the last quarter. Bank of Montreal Can increased its stake in PulteGroup by 129.1% in the second quarter. Bank of Montreal Can now owns 669,271 shares of the construction company’s stock valued at $16,417,000 after buying an additional 377,181 shares during the last quarter. Finally, LS Investment Advisors LLC increased its stake in PulteGroup by 5.5% in the first quarter. LS Investment Advisors LLC now owns 15,663 shares of the construction company’s stock valued at $369,000 after buying an additional 819 shares during the last quarter. 88.12% of the stock is currently owned by hedge funds and other institutional investors.
PulteGroup, Inc. (NYSE:PHM) traded up 1.53% during mid-day trading on Wednesday, reaching $25.92. 6,374,964 shares of the company’s stock traded hands. PulteGroup, Inc. has a 1-year low of $17.69 and a 1-year high of $25.97. The firm has a 50-day moving average price of $24.74 and a 200-day moving average price of $23.39. The stock has a market cap of $7.82 billion, a P/E ratio of 14.34 and a beta of 1.14.
PulteGroup (NYSE:PHM) last released its earnings results on Tuesday, July 25th. The construction company reported $0.47 earnings per share for the quarter, beating the consensus estimate of $0.45 by $0.02. PulteGroup had a net margin of 7.35% and a return on equity of 13.43%. The business had revenue of $2.02 billion during the quarter, compared to analysts’ expectations of $2.03 billion. During the same period last year, the business earned $0.37 earnings per share. The firm’s revenue was up 12.3% on a year-over-year basis. Equities research analysts anticipate that PulteGroup, Inc. will post $2.09 EPS for the current fiscal year.
Several research firms have recently commented on PHM. Zacks Investment Research lowered shares of PulteGroup from a “buy” rating to a “hold” rating in a report on Monday, April 24th. Bank of America Corporation reaffirmed a “buy” rating and issued a $30.00 price target (up from $29.00) on shares of PulteGroup in a report on Tuesday, June 27th. Credit Suisse Group initiated coverage on shares of PulteGroup in a report on Thursday, June 22nd. They issued an “outperform” rating and a $27.00 price target for the company. Mizuho lowered shares of PulteGroup from a “neutral” rating to an “underperform” rating and set a $22.00 target price for the company. in a research note on Monday, July 10th. Finally, BidaskClub raised shares of PulteGroup from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, June 14th. One equities research analyst has rated the stock with a sell rating, ten have given a hold rating and five have issued a buy rating to the stock. PulteGroup presently has an average rating of “Hold” and a consensus target price of $25.08.
In related news, Director Brian P. Anderson sold 14,000 shares of the firm’s stock in a transaction on Tuesday, June 6th. The shares were sold at an average price of $23.18, for a total value of $324,520.00. Following the completion of the transaction, the director now directly owns 108,744 shares of the company’s stock, valued at $2,520,685.92. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.71% of the stock is currently owned by company insiders.
PulteGroup Company Profile
PulteGroup, Inc is a homebuilder in the United States. The Company’s segments include Homebuilding and Financial Services. Its Homebuilding operations are engaged in the acquisition and development of land primarily for residential purposes within the United States and the construction of housing on such land.
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