Chase Investment Counsel Corp increased its position in PulteGroup, Inc. (NYSE:PHM) by 350.5% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 176,949 shares of the construction company’s stock after buying an additional 137,669 shares during the period. PulteGroup accounts for about 2.1% of Chase Investment Counsel Corp’s investment portfolio, making the stock its 21st largest position. Chase Investment Counsel Corp owned about 0.06% of PulteGroup worth $4,340,000 at the end of the most recent quarter.
Several other large investors also recently modified their holdings of the company. Trust Department MB Financial Bank N A acquired a new stake in shares of PulteGroup during the first quarter valued at $129,000. IFP Advisors Inc boosted its position in PulteGroup by 12.0% in the first quarter. IFP Advisors Inc now owns 5,959 shares of the construction company’s stock worth $140,000 after buying an additional 638 shares in the last quarter. Northwestern Mutual Wealth Management Co. boosted its position in PulteGroup by 12.4% in the first quarter. Northwestern Mutual Wealth Management Co. now owns 6,380 shares of the construction company’s stock worth $150,000 after buying an additional 702 shares in the last quarter. Ameritas Investment Partners Inc. bought a new position in PulteGroup during the first quarter worth about $155,000. Finally, Thrivent Financial for Lutherans boosted its position in PulteGroup by 1.1% in the fourth quarter. Thrivent Financial for Lutherans now owns 10,162 shares of the construction company’s stock worth $187,000 after buying an additional 110 shares in the last quarter. Institutional investors and hedge funds own 92.52% of the company’s stock.
Shares of PulteGroup, Inc. (NYSE:PHM) traded up 0.24% on Friday, hitting $24.84. The stock had a trading volume of 2,899,331 shares. The firm’s 50-day moving average price is $24.61 and its 200 day moving average price is $23.26. The firm has a market cap of $7.49 billion, a PE ratio of 13.75 and a beta of 1.14. PulteGroup, Inc. has a 52-week low of $17.69 and a 52-week high of $25.74.
PulteGroup (NYSE:PHM) last released its quarterly earnings data on Tuesday, July 25th. The construction company reported $0.47 EPS for the quarter, beating the consensus estimate of $0.45 by $0.02. PulteGroup had a return on equity of 8.78% and a net margin of 4.99%. The company had revenue of $2.02 billion for the quarter, compared to analyst estimates of $2.03 billion. During the same period last year, the company posted $0.37 earnings per share. The firm’s revenue was up 12.3% compared to the same quarter last year. On average, equities research analysts predict that PulteGroup, Inc. will post $2.09 EPS for the current year.
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A number of equities research analysts have recently commented on the stock. Zacks Investment Research raised shares of PulteGroup from a “hold” rating to a “buy” rating and set a $27.00 price objective on the stock in a research note on Tuesday, July 4th. Bank of America Corporation reiterated a “buy” rating and issued a $30.00 target price (up previously from $29.00) on shares of PulteGroup in a report on Tuesday, June 27th. BidaskClub lowered shares of PulteGroup from a “strong-buy” rating to a “buy” rating in a research report on Thursday, July 13th. Barclays PLC downgraded shares of PulteGroup from an “overweight” rating to an “equal weight” rating and set a $24.00 target price on the stock. in a research note on Tuesday, July 11th. They noted that the move was a valuation call. Finally, Wedbush upgraded shares of PulteGroup from an “underperform” rating to a “neutral” rating and raised their target price for the stock from $15.00 to $22.00 in a report on Thursday, July 13th. One equities research analyst has rated the stock with a sell rating, ten have issued a hold rating and five have assigned a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average target price of $25.08.
In related news, Director Brian P. Anderson sold 14,000 shares of PulteGroup stock in a transaction dated Tuesday, June 6th. The stock was 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 in the company, valued at $2,520,685.92. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.71% of the stock is currently owned by insiders.
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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