PulteGroup, Inc. (NYSE:PHM) Stake Lowered by ARP Americas LP

ARP Americas LP cut its stake in shares of PulteGroup, Inc. (NYSE:PHM) by 62.7% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 10,324 shares of the construction company’s stock after selling 17,376 shares during the quarter. ARP Americas LP’s holdings in PulteGroup were worth $351,000 as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. Patriot Financial Group Insurance Agency LLC grew its holdings 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 in the last quarter. Verus Capital Partners LLC bought a new position in PulteGroup in the 4th quarter worth approximately $35,000. Lenox Wealth Management Inc. bought a new position in PulteGroup in the 1st quarter worth approximately $35,000. FinTrust Capital Advisors LLC grew its holdings 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 in the last quarter. Finally, Accurate Investment Solutions Inc. bought a new position in PulteGroup in the 1st quarter worth approximately $40,000. 84.95% of the stock is owned by institutional investors.

Shares of NYSE:PHM traded down $0.27 on Friday, reaching $43.60. 2,694,840 shares of the company traded hands, compared to its average volume of 3,628,256. PulteGroup, Inc. has a fifty-two week low of $17.12 and a fifty-two week high of $47.37. The company’s 50 day moving average is $36.09 and its 200-day moving average is $34.65. The stock has a market capitalization of $11.69 billion, a PE ratio of 10.28, a P/E/G ratio of 1.12 and a beta of 1.34. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.13 and a quick ratio of 1.13.

PulteGroup (NYSE:PHM) last announced its earnings results on Thursday, July 23rd. The construction company reported $1.15 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.84 by $0.31. PulteGroup had a net margin of 10.94% and a return on equity of 20.10%. The company had revenue of $2.59 billion for the quarter, compared to the consensus estimate of $2.53 billion. During the same period in the previous year, the business earned $0.86 EPS. The company’s revenue was up 3.8% on a year-over-year basis. As a group, analysts expect that PulteGroup, Inc. will post 4.14 EPS for the current year.

A number of equities research analysts have weighed in on PHM shares. Cfra upped their target price on PulteGroup from $18.00 to $29.00 and gave the stock a “hold” rating in a research report on Thursday, April 23rd. SunTrust Banks upped their target price on PulteGroup from $27.00 to $32.00 and gave the stock a “hold” rating in a research report on Tuesday, May 12th. Raymond James upgraded PulteGroup from a “market perform” rating to an “outperform” rating and set a $48.00 target price for the company in a research report on Friday, July 24th. TheStreet upgraded PulteGroup from a “c+” rating to a “b-” rating in a research report on Tuesday, June 2nd. Finally, ValuEngine downgraded PulteGroup from a “sell” rating to a “strong sell” rating in a research report on Thursday, July 2nd. One analyst has rated the stock with a sell rating, nine have issued a hold rating, seven have issued a buy rating and one has given a strong buy rating to the stock. The stock has a consensus rating of “Hold” and an average 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.

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Institutional Ownership by Quarter for PulteGroup (NYSE:PHM)

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