Moody Aldrich Partners LLC Invests $341,000 in PulteGroup, Inc. (NYSE:PHM)

Moody Aldrich Partners LLC purchased a new position in PulteGroup, Inc. (NYSE:PHM) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm purchased 10,011 shares of the construction company’s stock, valued at approximately $341,000.

A number of other hedge funds also recently bought and sold shares of PHM. Patriot Financial Group Insurance Agency LLC increased its stake in PulteGroup by 77.9% in the 2nd quarter. Patriot Financial Group Insurance Agency LLC now owns 886 shares of the construction company’s stock worth $30,000 after buying an additional 388 shares during the period. Verus Capital Partners LLC purchased a new position in PulteGroup in the 4th quarter worth about $35,000. Lenox Wealth Management Inc. purchased a new position in PulteGroup in the 1st quarter worth about $35,000. FinTrust Capital Advisors LLC increased its stake in PulteGroup by 110.1% in the 1st quarter. FinTrust Capital Advisors LLC now owns 1,645 shares of the construction company’s stock worth $37,000 after buying an additional 862 shares during the period. Finally, Accurate Investment Solutions Inc. purchased a new position in PulteGroup in the 1st quarter worth about $40,000. 84.95% of the stock is currently owned by institutional investors.

Shares of PulteGroup stock traded down $0.27 on Friday, reaching $43.60. The stock had a trading volume of 2,694,840 shares, compared to its average volume of 3,628,256. The company has a 50 day moving average price of $36.09 and a 200 day moving average price of $34.65. The company has a quick ratio of 1.13, a current ratio of 1.13 and a debt-to-equity ratio of 0.47. PulteGroup, Inc. has a 1 year low of $17.12 and a 1 year high of $47.37. The stock has a market capitalization of $11.69 billion, a P/E ratio of 10.28, a P/E/G ratio of 1.12 and a beta of 1.34.

PulteGroup (NYSE:PHM) last issued its quarterly earnings data on Thursday, July 23rd. The construction company reported $1.15 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.84 by $0.31. PulteGroup had a net margin of 10.94% and a return on equity of 20.10%. The firm had revenue of $2.59 billion for the quarter, compared to the consensus estimate of $2.53 billion. During the same quarter in the previous year, the firm earned $0.86 EPS. The company’s quarterly revenue was up 3.8% compared to the same quarter last year. On average, analysts forecast that PulteGroup, Inc. will post 4.14 earnings per share for the current fiscal year.

Several research firms recently commented on PHM. TheStreet raised shares of PulteGroup from a “c+” rating to a “b-” rating in a research note on Tuesday, June 2nd. SunTrust Banks raised their price target on shares of PulteGroup from $27.00 to $32.00 and gave the stock a “hold” rating in a research note on Tuesday, May 12th. JPMorgan Chase & Co. raised shares of PulteGroup from a “neutral” rating to an “overweight” rating and set a $41.00 target price on the stock in a research report on Thursday, June 11th. They noted that the move was a valuation call. Zacks Investment Research raised shares of PulteGroup from a “hold” rating to a “strong-buy” rating and set a $46.00 target price on the stock in a research report on Tuesday, July 28th. Finally, Cfra raised their target price on shares of PulteGroup from $18.00 to $29.00 and gave the company a “hold” rating in a research report on Thursday, April 23rd. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company. The company has a consensus rating of “Hold” and a consensus target price of $42.76.

PulteGroup Profile

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

Further Reading: What is Compound Interest?

Want to see what other hedge funds are holding PHM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for PulteGroup, Inc. (NYSE:PHM).

Institutional Ownership by Quarter for PulteGroup (NYSE:PHM)

Receive News & Ratings for PulteGroup Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for PulteGroup and related companies with MarketBeat.com's FREE daily email newsletter.